According to strategy for merchandise exports and imports by 2030 in Vietnam, what are regulations on boost for the industrial production?

According to strategy for merchandise exports and imports by 2030 in Vietnam, what are regulations on boost for the industrial production?

Pursuant to Point 1.a Section IV Article 1 of the Decision 493/QĐ-TTg in 2022 stipulating boost for the industrial production regarding the strategy for merchandise exports and imports by 2030 in Vietnam as follows:

a) Boost the industrial production

- Restructure industries associated with digital transformation, especially in the processing and manufacturing industries, aiming to create a breakthrough and a new impetus for the production and export growth.

- Strengthen the coordination of development by regions and territories in order to improve the efficiency of regional linkages, thus contributing to the formation of industry clusters and domestic value chains in order to take advantage of industrial agglomeration in several local jurisdictions and economic regions.

- Effectively implement industry development planning schemes; strategies, planning schemes and projects on investment in development of industrial parks and industrial clusters; strategies, schemes and plans to build centers for the supply of raw and input materials.

- Promote the research and application of technologies, innovate the production management process in order to improve the productivity, quality and competitiveness of exported products, with more emphasis on the technologies of the fourth industrial revolution (e.g. artificial intelligence, big data, IoT, 3D printing, new materials,...).

- Remove barriers in legislation, economic and financial policies for science, technology and innovation activities; encourage investment projects and researches on new materials, production and export of eco-friendly products and products with high innovation content.

According to strategy for merchandise exports and imports by 2030 in Vietnam, what are regulations on boost for the agricultural production?

Pursuant to Point 1.b Section IV Article 1 of the Decision 493/QĐ-TTg in 2022 stipulating boost for the agricultural production regarding the strategy for merchandise exports and imports by 2030 in Vietnam as follows:

b) Boost the agricultural production

- Implement the agricultural restructuring plan in association with digital transformation, development of the digital economy, green and sustainable production, tourism and cuisine.

- Adopt agricultural production development policies tailored to specific tiers of key products: (i) National products; (ii) Local products; (iii) OCOP products; policies for development of concentrated raw material production areas that apply advanced technical processes to processing of agricultural products for export.

- Strengthen linkages and promote the roles of farmers' organizations (e.g. agricultural artels, cooperatives) in the development of value chains involving bringing products from production, procurement, preservation, processing to market access, ensuring the harmony of interests between the stages of production, processing and export of agricultural products.

- Develop preservation technologies to increase the added value of processed agricultural products; robustly deploy and use traceability systems for agricultural and aquatic products for export.

- Enable local authorities to play more roles in selecting appropriate agricultural products to form concentrated production areas according to the planning scheme; develop strategies to develop key products, typical agricultural products, and develop brands aligned with quality and food safety standards that are conformable to international standards.

According to strategy for merchandise exports and imports by 2030 in Vietnam, what are regulations on development of export and import markets, thus ensuring the sustainable growth in the long run?

Pursuant to Point 2 Section IV Article 1 of the Decision 493/QĐ-TTg in 2022 stipulating development of export and import markets, thus ensuring the sustainable growth in the long run regarding the strategy for merchandise exports and imports by 2030 in Vietnam as follows:

2. Develop export and import markets, thus ensuring the sustainable growth in the long run

- Build, strengthen and develop economic and trade cooperation relations with other countries through the effective implementation of commitments in free trade agreements; negotiate Free Trade Agreements with partners obtaining consent from the Government, with more emphasis on partners having large market capacity and are willing to open their market to Vietnamese goods, especially agricultural products, on a reciprocal basis; conduct feasibility studies on negotiating and signing preferential trade agreements with a number of potential new partners.

- Better and raise the capability of market monitoring, research, forecast and reporting of potential or latest changes in trade policies and non-tariff barriers in export markets.

- Stimulate Vietnamese enterprises to directly participate in product distribution networks in the international market.

- Take more measures to support the protection of intellectual property and geographical indications of Vietnam's potential export products in key foreign markets; enhance communication, propaganda and training activities related to intellectual property for import-export enterprises.

- Formulate complete regulatory policies and mechanisms for trade promotion activities. Consolidate the organizational structure and improve capacity of the domestic and overseas trade promotion networks in order to promote trade promotion at the government, industry, local and corporate levels.

- Implement export and import promotion plans according to strategic orientations towards development of products exported into or imported from key markets and priority products over time. Innovate and diversify trade promotion methods for imports and exports by means of accelerating the application of information technology and digital transformation in trade promotion activities, and effectively combining trade promotion activities with investment, culture, tourism,...promotion activities. Focus on building and developing brands of potential exports and export processing industries of Vietnam.

Best regards!