Export is targeted to grow 10% in 2018

VCN- In 2018, the Ministry of Industry and Trade targets an Index of Industrial Production increase of 9%, an export turnover increase of 10% and a trade deficit of below 3% of total export turnover.
export is targeted to grow 10 in 2018 Construction industry has potentials for export
export is targeted to grow 10 in 2018 China continue to be potential market for Vietnam’s seafood exportation
export is targeted to grow 10 in 2018 Buoyed by 2017 returns, Vietnam targets 6.7 per cent
export is targeted to grow 10 in 2018 Prospects for export of agricultural, forestry and fishery products 2018
export is targeted to grow 10 in 2018
Illustrative photo. Source: Internet

Acknowledging the basis to set desired targets, especially the target of export growth of 10% in 2018, Minister of Industry and Trade Tran Tuan Anh, said that world economy is expected to recover and open up many opportunities for exports. The investment business environment is improved strongly due to the determination of the Government and efforts of ministries and sectors, making improvements in simplifying administrative reform and investment procedures, innovation in assisting startup businesses, businesses innovation and creativity to promote production and create sources of goods for exports.

In addition, the large projects in the fields of electronics-telecommunications, heavy industry, manufacturing and processing industries which have been invested in over the past time will be put into operation and exported, contributing to creating goods sources for exports. Vietnam’s major export commodities such as, textiles and garments, footwear, machinery, wooden products, agricultural products and fishery products have received benefits from FTAs signings over the past, and they are expected to have many challenges in EU markets when FTAs officially take effect.

However, Minister Tran Tuan Anh also stated that exports in 2018 will face some difficulties and challenges such as, an unstable world economy, a predicted low level of growth, and economic and trade policies of large economies such as the United States and the EU can change quickly and have multiple effects.

In addition, the protective trend is increasing. Importing countries set many technical and commercial barriers. Some agricultural products and minerals have reached the threshold, so it is difficult to achieve a high growth in export volume.

According to the report by the Ministry of Industry and Trade on the imports in 2017, the imports achieved positive results, contributing to the economic growth of the country.

export is targeted to grow 10 in 2018 Exported goods as unprocessed natural resources and minerals not subject to VAT

VCN – The Government has issued Decree No. 146/2017/ND-CP amending and supplementing some articles of Decree No. ...

Especially, the total export turnover in 2017 reached about US$ 425 billion, an increase of 18.32% compared to 2016. Of which, exports were estimated at US$ 213.8 billion, an increase of 21.1% compared to 2016, reaching the highest growth rate since 2011 to present day and exceeding the target assigned by the National Assembly and the Government (the National Assembly assigned an increase of 7-8%).

The structure of export and import goods increased positively. Agro-forestry and fishery products and processed products showed high growth. The total export value of processed products reached US$ 173.5 billion, an increase of 22.4%. Exports of agricultural and fishery products increased (reaching US $ 25.9 billion, up 16.9%), of which many commodities with high turnover and growth such as fishery products reached US$ 8.35 billion, up 18, 5%; vegetables and fruits reached US $ 3.5 billion, up 43.1%, cashew nut US $ 3.52 billion, up 23.9%.

By Thanh Nguyen/Ngoc Loan

Related News

Hai Phong Customs processes more than 1,500 declarations during 2025 Lunar New Year holiday

Hai Phong Customs processes more than 1,500 declarations during 2025 Lunar New Year holiday

VCN - During the 2025 Lunar New Year holiday, Hai Phong Customs Department processed 1,547 declarations.
In the first 15 days of 2025, total import-export turnover reached more than US$34 billion

In the first 15 days of 2025, total import-export turnover reached more than US$34 billion

VCN - Total import-export turnover in the first half of January 2025 reached more than US$34 billion, the trade balance had a deficit of nearly US$2 billion.

Latest News

Sustainable fashion presents promising niche market for textile manufacturers

Sustainable fashion presents promising niche market for textile manufacturers

The combination of sustainability and culture will open up more opportunities for Vietnamese textile enterprises to strengthen their position in the global market and capture the promising Nordic fashion market.
VN

VN's car industry to diversify supply chain

While China remains a significant supplier, recent trade data highlights Việt Nam’s efforts to diversify supply to meet industry demands.
Exports of agro-forestry-aquatic products down nearly 5 per cent in January

Exports of agro-forestry-aquatic products down nearly 5 per cent in January

Việt Nam’s export value of agro-forestry-aquatic products was estimated at US$5.08 billion in January, marking a 4.9 per cent decline compared to the same period last year.
Thailand reviews anti-dumping tax on Vietnamese steel

Thailand reviews anti-dumping tax on Vietnamese steel

TRAV recommended that the Việt Nam Steel Association (VSA) notify relevant local manufacturers and exporters to answer the investigation questionnaire within the prescribed deadline.

More News

Pangasius fetch record price in early 2025

Pangasius fetch record price in early 2025

Currently, larger pangasius weighing over 1.2kg, are selling at VNĐ32,440 (US$1.29) per kilogram, a record high not seen since 2022.
Việt Nam and India trade reached $15 billion in 2024

Việt Nam and India trade reached $15 billion in 2024

Trade relations between Việt Nam and India continue to flourish, with bilateral trade turnover reaching around US$15 billion in 2024.
Việt Nam

Việt Nam's port firms thrive in 2024

Strategic investments and expansions are expected to further enhance the sector’s performance.
Software exporter looks to new pace of growth

Software exporter looks to new pace of growth

FPT Software (F-Soft) Đà Nẵng plans to earn VNĐ3.6 trillion (US$144 million) in exports in 2025 after introducing a third campus at the FPT Complex and signing a strategic deal with the city.
Việt Nam

Việt Nam's exports to EU see impressive recovery in 2024

Việt Nam’s exports to the EU made an impressive recovery in 2024, reaching nearly US$51.7 billion, an increase of $8.08 billion compared to 2023.
Việt Nam–CPTPP trade turnover exceeds $100 billion

Việt Nam–CPTPP trade turnover exceeds $100 billion

The turnover accounts for 13.1 per cent of Việt Nam’s total import-export turnover last year.
E-commerce, a game changer for textile manufacturers

E-commerce, a game changer for textile manufacturers

According to a Việt Nam Textile and Apparel Association (VITAS) report, the proportion of textile businesses adopting e-commerce strategies has increased from 7-8 per cent in 2021, to over 20 per cent by the end of last year.
China remains the largest market for Việt Nam’s cassava and cassava products

China remains the largest market for Việt Nam’s cassava and cassava products

China accounted for 92.85 per cent of the total export volume and 91.77 per cent of the total export value, amounting to 2.43 million tonnes worth $1.06 billion.
Hải Phòng seaport system strives to handle 112 million tonnes of cargo this year

Hải Phòng seaport system strives to handle 112 million tonnes of cargo this year

The Hải Phòng Maritime Port Authority will coordinate with the municipal People’s Committee and relevant sides to find locations for dumping waste from construction, dredging, and maintenance activities.
Read More

Your care

Latest Most read
Sustainable fashion presents promising niche market for textile manufacturers

Sustainable fashion presents promising niche market for textile manufacturers

The combination of sustainability and culture will open up more opportunities for Vietnamese textile enterprises to strengthen their position in the global market and capture the promising Nordic fashion market.
VN

VN's car industry to diversify supply chain

While China remains a significant supplier, recent trade data highlights Việt Nam’s efforts to diversify supply to meet industry demands.
Exports of agro-forestry-aquatic products down nearly 5 per cent in January

Exports of agro-forestry-aquatic products down nearly 5 per cent in January

Việt Nam’s export value of agro-forestry-aquatic products was estimated at US$5.08 billion in January, marking a 4.9 per cent decline compared to the same period last year.
Thailand reviews anti-dumping tax on Vietnamese steel

Thailand reviews anti-dumping tax on Vietnamese steel

TRAV recommended that the Việt Nam Steel Association (VSA) notify relevant local manufacturers and exporters to answer the investigation questionnaire within the prescribed deadline.
In the first 15 days of 2025, total import-export turnover reached more than US$34 billion

In the first 15 days of 2025, total import-export turnover reached more than US$34 billion

VCN - Total import-export turnover in the first half of January 2025 reached more than US$34 billion, the trade balance had a deficit of nearly US$2 billion.
Mobile Version