PM Urges Modern, Sustainable Development of Trade

Prime Minister Nguyen Tan Dung speaks at the 60th anniversary of the Viet Nam Trade.

Prime Minister Nguyen Tan Dung highly praised the achievements of and assigned new tasks to the trade industry at its 60th founding anniversary (November 26) on Friday in Ha Noi.

The Prime Minister spoke highly of the leading role of the Ministry of Trade in presiding over the country’s negotiation activities for WTO accession over the past 11 years and achieving the WTO membership this November.

He also pointed out that the sector should build up a domestic trade, modern and strongly developed, viewing it as a decisive factor for the country’s success in integrating into the international economic community.

PM Dung said, "The development of commodity trading must be linked to  investments and tourism. The Ministry should focus its guidance on the promotion of the country's economic growth to create an impetus for increasing GDP. It should also strive to achieve at least 18% in export growth in the 2006-2010 period."

Regarding the international integration, the PM asked the Trade Ministry to strengthen the publicity of Viet Nam’s commitments to joining the WTO and organize researching activities for implementing the commitments, taking full advantage of the opportunities given by the economic integration.

On this occasion, Trade Minister Truyen Dinh Tuyen reviewed 60 years of development of the industry, saying that throughout those years, the trade industry has been successfully implementing the Party's and State's policies and fulfilling all political, economic and social tasks.

Reports made by the Ministry of Trade revealed that in the 2001-2005 period, the total retail of commodities and services reached VND1,650,000 billion, an increase of 14.8% while the total exports reached some VND11 billion, an increase of 15.7%.

In addition, since the beginning of the year, trade activities have continued to undergo positive changes. In the first tenth months of the year, exports increased 24.4% compared to last year, and imports decreased.

By D.L – Translated by Trong Khuong

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