Project aims to improve competitiveness of Vietnam’s exports
Prime Minister Nguyen XuanPhuc has approved a project on improving the competitiveness of Vietnam’s exports to 2020 with orientation to 2030, with the aim of increasingthe added value of key products by 20 percent.
Workers dry coffee to prepare for processing. Coffee is among prioritised products in the recently approved porject on improving Vietnamese exports' competitiveness (Photo: VNA)
Hanoi (VNA) – Prime Minister Nguyen XuanPhuc has approved a project on improvingthe competitiveness of Vietnam’s exports to 2020 with orientation to 2030, withthe aim of increasingthe added value of key products by 20 percent.
The projectis expected to increase the quality and added value of advantageous productswith the added value of agro-fishery products to be expanded by 20 percent by2020. The proportion of the products will be raised in developed economies suchas the EU, Japan and the Republic of Korea, while average export growth ofgoods will surge by 8 percent in the 2016-2020 period.
Prioritisedproducts include rice, coffee, rubber, seafood and peppercorn, along with thegroup of the manufacturing industry such as apparel, footwear, furniture,telephones and components, computers, electronic products and spare parts. Otheradvantageous commodities are raw materials of garment and textiles, footwear,plastic and plastic products, fertilizers, and chemicals.
The projectaims to re-organise production by transforming methods of production towards higheradded values, and changing export models from intermediate export to direct onesand from FOB to CIF.
Besides, theproject will develop the support industry for sectors having advantage inexport, enhance the role of foreign invested businesses in improvingcompetitiveness of Vietnam’s exports, expand export markets and buildnationalbrand names. It will also target improving national competitiveness, cuttingbusiness costs while increasingbusiness competence, especially small- andmedium-sized enterprises, and supporting firms in updating technology.
Support andencouragements will also be given to businesses in building export strategies,joining foreign production and distribution networks and global value changes, andfostering connectivity among raw material suppliers, producers, transportersand manufacturers.
Under the project,businesses will also be provided with market information, trade promotion, humanresources training and legal consultations.-VNA
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Workers dry coffee to prepare for processing. Coffee is among prioritised products in the recently approved porject on improving Vietnamese exports' competitiveness (Photo: VNA) 
