Outstanding features in the product export plan through 2030

DNHN - The Commodity Import-Export Strategy to 2030, according to the Ministry of Industry and Trade, does not establish particular numerical objectives but defines the aim of sustainable import and export development as the driving engine of quick and sustainable economic growth. steady.

In the ten years since the implementation of the Commodity Import-Export Strategy for the period 2011-2020, Vietnam's import and export activities have achieved impressive results, with the total import and export turnover of goods increasing by 2.7 times, from 203.6 billion USD in 2011 to 545.3 billion USD in 2020. All of the above results have been very important to the country's recovery and economic growth.

The annual growth rate of commodities export turnover was 14.6 per cent on average. In terms of export size, if Vietnam was 41st in 2011, it has grown to 32nd by 2015 and will be 22nd by 2020. In terms of imports, Vietnam ranked 19th in the world in 2020, up from 33rd in 2011.

The range of export items is becoming more diverse and plentiful. The number of things with an export turnover of one billion USD or more has risen over time: in 2011, there were 21 items with an export turnover of one billion USD or more; in 2016, there were 25 items; and by 2020, there will be 31 items. From 2016 till the present, the trade balance has consistently been in excess.

According to the Ministry of Industry and Trade, the Strategy for Import and Export of Goods to 2030 was released in Decision No. 493/QD-TTG, encouraging the success of import and export of goods in the previous ten years (April 19, 2022).

In the new era, fully implement the Party's socioeconomic development rules and guidelines, taking into account new international economic and trade trends such as green economy, digital economy, circular economy, and so on.

The strategy has numerous significant features, both in terms of opinions, aims, orientations, and implementation solutions. The Strategy specifically emphasizes three points of view, which correlate to aspects relevant to import and export development: Growth quality, growth drivers, and growth techniques and orientations

The plan establishes the general aim of "sustainable import and export growth with a balanced and harmonized structure, fostering competitive and comparative advantages, establishing the brand name of Vietnamese products, and strengthening the position of Vietnamese goods."

"The engine of quick and sustained economic development is nations in the global value chain." "Discourage the growth of goods that use a lot of resources and are bad for the environment. Focus on investment and the creation of green products that are good for the environment."

A new way for implementing the Commodity Import-Export Strategy to 2030 is also clearly indicated: developing export and import markets, assuring long-term sustainable development.

The new point is the notion of progressive reduction of protective barriers to putting pressure on local manufacturing companies to increase economic efficiency, cut costs, and compete with imported products. encourage the use of information technology and digital transformation to develop and diversify import and export trade promotion strategies,...

Improve institutions; enhance state management in the organization of import and export operations; and strive for fair trade to facilitate trade, fight trade fraud, and achieve fair trade. In comparison to the Strategy for the period 2011-2020, etc., this is a fresh set of solutions.

The Prime Minister assigned the Ministry of Industry and Trade to coordinate with other ministries, and the branch developed an action plan to implement the Strategy, which specifies the contents and tasks of the ministries, branches, and agencies, deadlines for completion, and resources for implementation, promulgated at the beginning of Quarter III/2022.

Khai Hoan