US$4.1 million for trade promotion in 2017

Vietnam will spend VND93 billion (US$4.1 million)  on 199 trade promotion projects under the national trade promotion programme in 2017, according to the Ministry of Industry and Trade (MoIT).

The programme aims to expand export markets, targeting countries that signed free trade agreements with Vietnam, like Japan and the Republic of Korea, and member nations of the EU, the Eurasian Economic Union, the ASEAN Economic Community, and the US.

Trade promotion will be also carried out in domestic markets, especially in rural and mountainous areas, to implement the “Vietnamese use made-in-Vietnam goods” campaign. 

Vietnam’s import-export turnover in 2017 is expected to continue to increase  thanks to the signing of a number of free trade agreements and foreign investment shifting from other countries to Vietnam. Participation in the ASEAN Economic Community will also bring opportunities by expanding export markets and increasing competitiveness.

The MoIT has set an export turnover target of US$188 billion for 2017, or 6.9% higher than last year.

The country recorded a trade surplus of US$2.68 billion in the year, accounting for 1.52% of total import-export turnover.

Vietnam’s export turnover to traditional markets including Asia, Europe and the US saw growth last year. Export turnover to the US saw the highest growth rate of 13.2%, followed by Europe with 11.3% and Asia with 6.9%.

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National Trade Promotion Programme under scrutiny
National Trade Promotion Programme under scrutiny

VOV.VN - On January 19, the Trade Promotion Agency under the Ministry of Industry and Trade hosted a conference on the National Trade Promotion Programme aiming to expand markets and diversify export commodities.

National Trade Promotion Programme under scrutiny

National Trade Promotion Programme under scrutiny

VOV.VN - On January 19, the Trade Promotion Agency under the Ministry of Industry and Trade hosted a conference on the National Trade Promotion Programme aiming to expand markets and diversify export commodities.

Can Tho, Japan group bolster trade promotion
Can Tho, Japan group bolster trade promotion

The Vietnam Chamber of Commerce and Industry (VCCI) in the southern city of Can Tho signed a memorandum of understanding on trade cooperation with Japan’s Brain Works group on December 13.

Can Tho, Japan group bolster trade promotion

Can Tho, Japan group bolster trade promotion

The Vietnam Chamber of Commerce and Industry (VCCI) in the southern city of Can Tho signed a memorandum of understanding on trade cooperation with Japan’s Brain Works group on December 13.

Businesses push ahead with trade promotion in early 2017
Businesses push ahead with trade promotion in early 2017

The National Trade Promotion Programme has been carried out since the beginning of 2017 in order to expand markets and diversify export commodities.

Businesses push ahead with trade promotion in early 2017

Businesses push ahead with trade promotion in early 2017

The National Trade Promotion Programme has been carried out since the beginning of 2017 in order to expand markets and diversify export commodities.