Vietnam’s export to reach US$ 68bln by 2025

According to Industrial Policy Study Institute under the ministry of Trade & industry, Trans-Pacific Partnership (TPP) agreement can help Vietnam’s GDP increase more US$ 23.5billion by 2020 and US$ 33.5billion by 2025; export will increase US$ 68billion by 2025.

Finding from a survey, 37 out of 97 Vietnamese export items can get the competitiveness much more than partners, accounting 75 percent in export value, equal to US$ 120billion including textiles & garments, shoes, aquatic products and coffee…

However, Vietnam will have the competitive advantage in the export of some items such electronic, wodden furniture and rubber.

Other items including mineral, plastic, steel…will be the low competitiveness compared other partners because of support industry develops not much, yet.

Therefore, Vietnam should launch suiltable policies and middle term socio-economic strategy to attract capital source and social support from many sectors. Besides, business environment should be improved, as well.

L.P –Translated by M.Quyen

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