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Positive future for exports in 2010

Vietnam revealed an export growth rate of 28.1 percent in January compared to a year ago due to the recovery of the global economy causing high export price, according to the Ministry of Industry and Trade.
Among the export staples, machineries and equipment generated the highest growth, bringing in 210 million USD, up 139 percent compared to the same period last year.

It was followed by electric wire and cable, earning 100 million USD and up 107.6 percent, rice at 165 million USD increasing at 50.6 percent and wood and wooden products topping 270 million USD rising 37 percent.

To achieve the set target of 60 billion USD in export value this year, a year-on-year increase of 7 percent, the Ministry of Industry and Trade will increase exports of garment and textile, footwear, woodwork and electronic components with expectation that these sectors will post high export value and growth rate.

Together with increasing the effectiveness of trade promotion programmes in key markets in Asia, Europe and North America, the Trade Promotion Department will also expand markets in Middle East, Latin America and Africa.

The department will continue to work for the US to grant generalised system of preferences (GSP) to Vietnam , and call on EU countries to abolish anti-dumping tax on the country’s leather-capped shoes exporting to the EU./.

Source: VietnamPlus