Regarding the export target of above US$285 billion this year, an increase of 8 percent over last year, many enterprises said that this target is hard to achieve, especially amid the context that many markets have been putting up several technical and trade barriers for goods exported from Vietnam.
Every year, the situation of fruits and agricultural products being jammed at Northern border gates usually happens before lunar New Year. The Ministry of Industry and Trade (MoIT) and the Ministry of Agriculture and Rural Development (MARD) have recently put forward recommendations to prevent that situation from recurring this year.
Not only expanding the export market, in recent years, several enterprises have also boldly increased building modern factories in foreign countries or acquired foreign enterprises right in the host countries. With such aforesaid strategy, several enterprises have step by step fortified their positions as well as the market share of Vietnamese products in global market.
Food and foodstuff processing enterprises have been carrying out several measures amid the context of high input expenses and fierce completion caused by imported products.
Vietnamese enterprises have invested more than US$508 million abroad this year, of which, newly-registered capital of 164 projects were $403.15 million.
Several experts suggested that the Government should focus on supporting some potential Vietnamese enterprises in electronics and micro-electromechanical system sector to create opportunities for these enterprises to develop and play the leading role in domestic electronics market, especially household electric and electronic products.
According to the General Department of Investment and Enterprise Management of Myanmar, Vietnam now ranks 7th out of 50 countries and territories having investment projects in Myanmar with its total registered capital of over US$ 2.16 billion via 25 projects.
According to the Ministry of Industry and Trade, Vietnam is among top agro-forestry-aquatic product and food exporters in the world with export turnover growth of around 8-10 percent annually but raw material export still accounts for a large proportion.
The Trade Promotion Agency under the Ministry of Industry and Trade on November 13 held several activities for market connection and investment cooperation for more than 450 enterprises from 29 cities and provinces in Vietnam and 23 countries and territories in the world in Ho Chi Minh City.
