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13 percent growth set for exports
Vietnam must increase the export value by 13 percent and keep the trade deficit at 12 percent in 2012, says Prime Minister Nguyen Tan Dung.
Mr Dung made the request at a conference of the Ministry of Industry and Trade (MoIT) in Hanoi on December 3.
He suggested that the MoIT speed up international integration to create conditions for businesses to find new partners, expand markets and diversify exports.
More policies should be introduced to encourage domestic production to replace imports while restricting low-quality imports, particularly those with negative environmental and health impact, said the PM.
He asked the ministry to further support Vietnam’s key exports and encourage businesses to save energy and reduce costs so as to sharpen their products’ competitive edge.
The MoIT needs to examine investments made by State economic groups, corporations and businesses in order to speed up the equitisation process and dissolve those which have suffered prolonged losses and invested outside their core business, he said.
In 2011, Vietnam’s export earnings reached a record high of US$96.3 billion, a year-on-year increase of 33 percent and 10 percent higher than the set target.
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