PM urges drastic solutions to boost production, promote exports

Saturday, 2018-09-01 12:25:04
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The PM has called for more drastic solutions to boost production and promote exports. (Photo: VNA)
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NDO - The Prime Minister has issued Directive No. 25/CT-TTg, urging for drastic solutions to boost production and promote exports.

Accordingly, the PM asked the ministries, agencies and localities concerned to facilitate institutional reform and the simplification of administrative procedures, while cutting costs and eliminating bottlenecks and barriers which hinder export activities.

Ministries and sectors were pressed to urgently review several regulations on the production and import of raw and auxiliary materials for production and processing, in order to facilitate the production activities serving exports.

The Ministry of Industry and Trade should direct the Vietnamese trade office system in overseas markets to take the initiative in gathering market information and staying abreast of emerging issues affecting Vietnam's exports, while timely reporting to the Government, ministries, industries, associations and enterprises concerned for swift responsive measures.

The directive stated that in recent years, export activities have seen strong growth and the average growth rate in the 2016-2018 period is estimated at 13.5% per annum. A trade surplus was maintained in both 2016 and 2017.

In particular, exports in 2017 performed strongly in terms of size and growth, as for the first time Vietnam's exports exceeded the US$200 billion benchmark, an increase of 21.2% compared to 2016.