Period 2021 – 2025: Set the target of increasing export turnover by 5% / year
14:00 | 18/08/2020
EmailPrint The development plan for the period 2021 – 2025 of the Industry and Trade sector is developed by the Ministry of Industry and Trade and sent to the Ministry of Planning and Investment, in order to contribute to the development of the national socio-economic development plan in the period. 2021 – 2025 sets a target for export turnover of goods to this period to grow 5% / year.
Commodity export has been one of the bright spots of national economic activity for many years, contributing positively to GDP growth. Statistics of the Ministry of Industry and Trade show that export turnover of goods in the period 2016 – 2019 has increased from 176.58 billion USD in 2016 to 264.27 billion USD in 2019. From 2017, export per capita has begun. exceeded the target set out in the Goods Import and Export Strategy for the period 2011 – 2020 (reaching 2,552 USD compared with the target of 2,000 USD).
The 2021 2025 period will set up the target of 5 years of export gold
Commodity export is the bright spot of economic activity
This result is in large part thanks to the production and export activities of large corporations. In addition, the implementation of agreements such as CPTPP also contributes significantly to market expansion. In addition, the Ministry of Industry and Trade pointed out that Vietnam has made good use of the opportunity to exploit the market gap in the face of the US-China trade war, with a sharp increase in exports to the US for some Vietnamese goods. advantage to replace Chinese goods.
In the period 2016 – 2019, the structure of export goods has ensured the target set out in the Export and Import Strategy for the period 2011-2020, with a vision to 2030. In which, the group of industrial goods accounts for the proportion of over 80%; The agriculture-fishery group accounts for over 10% and the fuel mineral group only accounts for more than 1%. In addition, Vietnamese goods have well exploited traditional markets and sought and developed new markets. Thanks to signed free trade agreements (FTAs), Vietnam has exported goods to more than 200 countries and territories, in which, many markets have high quality requirements such as the EU, Japan, USA…
In 2020, due to the influence of the Covid-19 epidemic, exporting will face many difficulties, especially in the traditional import markets of our country. However, in the first 7 months of the year, the export turnover still reached US $ 145.79 billion, up 0.2% over the same period and is expected to maintain a positive growth rate for the whole year 2020. Therefore, the target of the export growth rate for the whole period 2016 – 2020 is still over 10%. Previously, in an interview with the reporter of the Industry and Trade Newspaper, Minister of Industry and Trade Tran Tuan Anh affirmed: “The major solutions, including from enhancing production capacity and exporting Vietnam to focus on expanding Diversified and synchronous development of solutions to market development, financial and credit policy, and restructuring of state-owned enterprises has helped us to implement well the export roadmap, achieve and exceed the set targets ”.
In the period of 2021 – 2025, the Ministry of Industry and Trade strives to achieve an average export growth rate of 5% per year, with an export turnover of about 340 billion USD by 2025; The growth rate of exporting goods of domestic enterprises increased by 5%; in which, export to Europe – America market area has an average growth of 7 – 10% / year. The group of processed industrial goods is considered to continue to be the driving force of the export of goods with the proportion in the total turnover increasing to about 85.3% by 2025; The proportion of fuel and mineral groups will decrease to about 1.15% by 2025.
The report on Vietnam’s economic situation recently released by the World Bank emphasizes that Vietnam’s export activities in the midst of the impact of the Covid-19 epidemic are still standing, demonstrating their resilience at an unexpected level.