The Government plans to cut the assistance credit on export goods and services by 2010, according to a draft of the decree on the export assistance credit from 2006-10
 |
| Workers process latex in Quang Tri. The Government plans to cut the assistance credit on export goods and services by 2010 |
The Government plans to cut the assistance credit on export goods and services by 2010, according to a draft of the decree on the export assistance credit from 2006-10.
Under the new plan that is expected to be issued in the coming months, there are 10 types of export goods and services that will receive the assistance credit. However, that number will be decrease gradually in three phases.
In the first phase, agricultural and processed food including vegetables, fruit and seafood, and consumption industrial goods, such as textiles, garments, footwear, two-wheel bicycles and bicycle parts, will receive the export credit until
In the second phase, handicrafts, electronic products, computers, and electric lines and cables will receive the export credit until being cut off from the assistance fund
The export assistance credit for the rest of the items will end
Meanwhile, the Ministry of Trade is drafting a policy on the export assistance credit for key exports by the end of 2005 with the goal to reach US$11 billion in exports from September-December.
Under the new policy, 12 items made from domestic material that have had difficulties in the capital and export market, will receive financial assistance from the fund.
The ministry expects
(Source: VNS)
