Striving for an average export growth of 6

The strategy sets a target for the period of 2021 – 2025 to grow exports at an average of 8 – 9% per year; the period 2026 – 2030 average growth of 5-6%/year.

The average growth rate of goods imports is 5 – 6%/year in the period 2021 – 2030, of which in the period 2021 – 2025, the average import growth rate is 7 – 8%/year; the period 2026 – 2030 average growth of 4-5%/year.

Balance the trade balance in the period of 2021 – 2025, towards maintaining a sustainable trade surplus in the period 2026 – 2030; towards a healthy and reasonable trade balance with key trading partners.

Increase the proportion of export processing and manufacturing industrial goods to 88% of total export turnover by 2025 and 90% by 2030; in which, the export proportion of medium and high-tech goods will reach about 65% by 2025 and 70% by 2030.

Increase the proportion of export markets in the EU to 16-17% of total export turnover by 2025 and 18 – 19% by 2030; the Americas to 32 – 33% of total export turnover by 2025 and 33 – 34% by 2030; the share of export market in Asia is about 49 – 50% by 2025 and 46 – 47% by 2030.

Promote the restructuring of export goods in depth

In terms of commodity export orientation, sustainable export development, promotion of comparative advantages and transformation of a rational growth model in depth, efficient use of resources, protection of the ecological environment and solutions to solve social problems well.

Promote in-depth restructuring of export goods, accelerate industrialization and modernization; increase the proportion of export products with added value, with science – technology content, high innovation content, green economic products, circular economy, eco-friendly products school.

With the group of agricultural, forestry and fishery products, increase the proportion of deeply processed products with high economic value; improve the ability to meet regulations, quality standards, food hygiene and safety, standards of social responsibility and environment; proactively adapt and overcome trade barriers and trade remedies in foreign markets.

As for the group of processed and manufactured industrial goods, increasing the domestic value of exported goods, reducing dependence on imported raw materials, spare parts and components; increase the proportion of medium- and high-tech industrial goods; rapidly increase the proportion of export products with high technology and innovation content.

Discourage the development of production and export of resource-intensive and environment-polluting products; focus on investment and development of export of green economic products, friendly to the environment.

In the period of 2021 – 2025, increase the rate of processing of key agricultural and aquatic products with production and export advantages, combined with building and developing typical brands of Vietnamese agricultural products; increase added value for labor-intensive and highly competitive products such as textiles, footwear, electronics, and medium-tech manufacturing products.

In the period 2026 – 2030, develop new products with high added value, deeply processed agricultural and aquatic products; medium- and high-tech manufacturing industrial products, applying achievements of the industrial revolution 4.0; supporting industrial products.

Diversify the market, avoid being overly dependent on one market area

Regarding goods import orientation, proactively adjust the growth rate of goods imports, control the import of domestically produced goods, luxury goods, non-essential goods, control quality. imported goods.

Increase the proportion of imported modern machinery and equipment, advanced production lines from countries with developed industries, especially high technology, source technology, and absorb achievements of the industrial revolution 4.0. in order to create a premise to improve the productivity, quality and competitiveness of export products and to carry out in-depth restructuring of export goods.

Regarding the orientation of developing export and import markets, diversifying markets, avoiding excessive dependence on one market area; towards a healthy and reasonable bilateral trade balance, ensuring sustainable growth in the long term.

Effectively exploiting market opening opportunities from international economic integration commitments in Free Trade Agreements to boost exports to major markets such as the EU, Japan, China, and South Korea. , ASEAN…