Vietnamese Prime Minister has urged ministries and agencies to constrain the country’s trade deficit below 20% of its total export value this year.
The cabinet leader also requested the abovementioned agencies to take measures to boost exports, aiming to raise the country’s export value by 6% on-year to US$60 billion this year, the government said.
The Ministry of Industry and Trade was required to apply import quotas or import licenses to limit inflows of goods having risks to people’s health and the environment in the first quarter of this year.
The PM also urged the MoIT to continue carrying out measures to restrict imports of agro-fisheries products, processed foodstuffs, cosmetics and medicines.
In late 2009, the MoIT forecast Vietnam will export US$60 billion worth of goods and import US$74.4 billion in 2010, representing on-year rises of 6% and 9%.
Source: VGP/Lao Dong