Trade promotion programs improved to boost exports

08:44 | 27/04/2018 Trade

The Vietnam Trade Promotion Agency (Vietrade) will enhance its supervision over the implementation of trade promotion programmes to improve their efficiency and provide training to associations and local agencies in organising trade promotion activities.

Delegates at the conference - Source: VNA

Trade promotion programs helped to generate more than US$ 200 billion from the exportation of goods and commodities in 2017, according to Vietrade.

At a conference in Hanoi on promoting Vietnam’s exports in 2018, on April 24, Vu Ba Phu, Director of Vietrade said that, in 2017, for the first time, Vietnam’s exports surpassed US$200 billion.

The country earned more than US$214 billion from exporting goods and commodities, up 21.2 percent compared to 2016.

The national trade promotion program helped export companies to enter new markets of significant potential and expand their exports to major markets.

Vietrade’s 2017 statistics showed that exports to ASEAN markets rose by 24.2 percent, reaching US$21.68 billion, while there was a surge of 61.5 percent to US$35.46 billion in China, and a rise of 14.8 percent to US$16.8 billion in Japan.

At the forum, the delegates were directed to focus on two key export groups, including agro-forestry-fishery with the focus on cocoa and cassava, and industrial products with the focus on garments and textiles and steel products.

Besides expanding new markets, exporters were advised to work to improve the quality of Vietnamese goods.

Vietnam earned US$ 55.56 billion from exports in the first quarter of this year, a rise of 24.8 percent annually.