The trade sector aims to achieve a growth rate of 20 percent in 2007, and the target must be realized. This is a heavy task but within reach if Vietnam fully taps its potential and limits shortcomings, said Trade Minister Truong Dinh Tuyen at a national trade conference held in Hanoi recently.
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The two-day conference heard reports on Vietnam’s trade situation in 2006 and orientations for 2007, as well as presentations by delegates about promoting export growth, increasing the effectiveness of trade promotion, taking measures against dumping lawsuits and abolishing subsidies for Vietnamese exports.
Many participants focused their discussions on working out measures to boost trade development in both domestic and foreign market. According to general director of Trung Nguyen Coffee Company Dang Le Nguyen Vu, achieving higher export growth needs greater efforts at both the macro and micro levels. It is important to have a long-term strategy and detailed development plans in keeping with the world’s common trend so that
Vietnamese Trade Counselor in the US Nguyen Duy Khien said in the current context of Vietnam becoming the 150th member of the World Trade Organization (WTO) and the US agreeing to remove quotas on Vietnamese garment and textile products, Vietnam’s export market in the US will be further expanded and is likely to experience a bright future in 2007 and in following years. Domestic businesses should grasp this opportunity to boost production, increase product value and prevent anti-dumping cases so that Vietnamese garment and textile products can get a firm foothold in the
Trade Minister Truong Dinh Tuyen noted that it is necessary to pay due attention to anti-dumping management and to produce more value-added goods for export to meet the increasing demand of the world market and secure Vietnam’s sustainable export growth.
Minister Tuyen also asked ministries, sectors and trade departments, as well as businesses to make greater efforts in expanding the domestic market and increasing GDP growth, up 20 percent over last year. The inflation rate should be lower than GDP growth. In 2007, if GDP growth reaches 8.5 percent, the inflation rate should be about 6 percent, he said.
Regarding State management work, Mr Tuyen stressed that the trade sector has to successfully implement administrative reform in 2007 following the Prime Minister’s instructions to create the most favourable conditions for businesses by strictly controlling counterfeit and low-quality products.
(Source: VOV)
