HCM City exports to top US$35 billion in 2017
Ho Chi Minh City is likely to achieve export value of US$35.2 billion this year, a 15.1% increase from last year, and imports of US$43.1 billion, a 13.2% rise.
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The city accounts for 72% of the Southern Key Economic Zone’s total imports and exports and 19.4% of Vietnam’s.
An import-export gateway for the southern region, a lot of the city’s imports make their way to neighbouring provinces such as Dong Nai, Binh Duong and Long An, often to serve production for exports.
The provinces enjoy large trade surpluses - Binh Duong US$4 billion; Dong Nai US$2 billion; Long An US$500 million.
Pham Thanh Kien, head of the Department of Trade and Industry, said his department is boosting trade promotion in key markets that buy more than US$1 billion worth of goods such as mainland China, Singapore, Taiwan (China), Thailand, and the Republic of Korea to reduce the trade deficit.
It is developing a plan to enhance exports in 2017-2020, he said.
The plan would guide policy making for increasing export of high value-added items like computers and parts, software and digital products.
