Kinh tế

Vietnam’s import and export strategy to 2030

According to the Ministry of Industry and Trade, the Ministry will assume the prime responsibility for, and coordinate with ministries, branches, localities and industry associations in formulating an action plan to implement the Strategy. import and export goods of Vietnam to 2030 (Strategy).

Vietnam's import and export strategy to 2030 - Photo 1.

The strategy sets a specific target that by 2030, exports and imports will grow steadily. (Illustration image – Photo: Investment Newspaper)

The strategy sets specific targets by 2030, with stable growth in exports and imports, a healthy and reasonable trade balance with an average growth rate of goods exports of 6-7% per year, increasing import growth of 5-6%/year in the period of 2021 – 2030; in which, in the period of 2021 – 2025, the average export growth will be 8 – 9%/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; in which, in the period of 2021 – 2025, the average import growth will be 7 – 8%/year; the period 2026 – 2030 average growth of 4-5%/year.

The next goal is to 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.

The strategy also points to sustainable development of import and export with a balanced and harmonious product and market structure. In particular, 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.

Notably, the Strategy sets out the goal of increasing the proportion of specific imports and exports in specific regions. Accordingly, to increase the export market in the European region 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 proportion of export market in Asia is about 49 – 50% by 2025 and 46 – 47% by 2030.

For imports, the share of the import market from the EU will be increased to 8-9% of the total import turnover by 2025 and 10 – 11% by 2030; the Americas to 8 – 9% of total import turnover by 2025 and 10 – 11% by 2030.

The Asian market alone will reduce its share to about 78% of total import turnover by 2025 and 75% by 2030.

Regarding the export orientation of goods, the Strategy also sets targets to require sustainable export development, promoting comparative advantages and transforming a growth model that is reasonable in depth, effectively using resources, protect the ecological environment and well solve social problems

In particular, the Strategy focuses on promoting in-depth restructuring of export goods, accelerating 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.

Regarding the direction of product development in the coming time, the Ministry of Industry and Trade said that the Strategy focuses on agricultural, forestry and fishery products; in which, the proportion of deeply processed products with high economic value will be increased; 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.

With the group of processed and manufactured industrial products, the domestic value of exported goods will increase, 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. In particular, it will focus on investing and developing the export of green and environmentally friendly economic products.

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

In addition, increase the proportion of imported modern machinery and equipment and advanced production lines from countries with developed industries, especially high technology and source technology, and absorb the achievements of the Revolution. industry for the fourth time 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 development orientation of export and import markets, the Strategy requires diversification of markets, avoiding excessive dependence on one market area; towards a healthy and reasonable bilateral trade balance, ensuring sustainable growth in the long term.

On the other hand, 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, and China. , Korea, ASEAN…

Along with that, promoting exploitation of potential markets such as the United States, Russia, Eastern Europe, Northern Europe, India, Africa, the Middle East and Latin America… aiming to build stable trade frameworks permanent, long-term.

The strategy also requires continuing to restructure the import market in the direction of reducing the proportion of imports from low-tech and intermediate technology markets, increasing the proportion of imports from source technology markets. .

* Invite readers to watch the programs broadcast by Vietnam Television on TV Online and VTVGo!

You are reading the article Vietnam’s import and export strategy to 2030
at Blogtuan.info – Source: vtv.vn – Read the original article here

Back to top button