MOIT approves VND93 billion for 2017 National Trade Promotion Program

14:28 | 10/02/2017 Trade

The Ministry of Industry and Trade (MOIT) has approved 199 projects for the 2017 National Trade Promotion Programme with a total cost of VND93 billion (roughly US$4.1 million).

The national trade promotion program will work to expand Vietnam’s export items and markets

Under the program, practical and feasible trade promotion activities will be implemented from the beginning of the year, aiming to expand export items and markets with a focus on Vietnam’s free trade agreement (FTA) markets, including Japan, the Republic of Korea (ROK), the United States, and markets of the Vietnam-EU FTA, the ASEAN Economic Community, the Eurasian Economic Union and the China-ASEAN FTA.

Together with the acceleration of exports and the reduction of trade deficit, the program will continue implementing trade promotion activities to develop the domestic market; rural, mountainous and border areas; and disadvantaged localities, contributing to effectively implementing the Politburo-launched campaign “Vietnamese people prioritise Vietnamese goods”.

Earlier in 2016, the MOIT approved VND90 billion for the national trade promotion program which included 177 projects proposed by 67 companies.

With the support of the program, the presence of Vietnam’s export items in traditional markets such as the US, the EU, China, Japan and the ROK was increasingly expanded last year.

Theo NDO