According to strategy for merchandise exports and imports by 2030 in Vietnam, what are regulations on mobilization and effective use of resources for export development in Vietnam?

According to strategy for merchandise exports and imports by 2030 in Vietnam, what are regulations on mobilization and effective use of resources for export development?

Pursuant to Point 4 Section IV Article 1 of the Decision 493/QĐ-TTg in 2022 stipulating mobilization and effective use of resources for export development regarding the strategy for merchandise exports and imports by 2030 in Vietnam as follows:

4. Mobilize and effectively use resources for export development, upgrade logistics infrastructure, and strive to reduce logistics costs

- Call for large and multinational corporations’ investment in export production projects, preferably large-scale projects with modern technologies, highly competitive products and the ability to participate in the global value chain.

- Develop and complete sets of secondary or postsecondary-level outcome benchmarks for training of human resources in export production industries and sectors to strive to have access to the standards of developed countries in the world. Strengthen ties between vocational education institutions and manufacturing or exporting businesses from the stage of training program design, training program provision, and assessment to job creation.

- Build the capacity of national testing organizations, certification bodies, laboratories satisfying international standards in place for assessment of conformity with national standards, international standards, regional standards and special standards for exported goods.

- Upgrade road infrastructure, warehouses, storage facilities and seaports; develop various types of logistics services, reduce logistics costs, and increase the application of information technology in logistics.

- Develop the fleet of Vietnam-flag vessels to actively exploit the domestic and foreign transport markets; develop strategies for connection between types of multimodal transport.

According to strategy for merchandise exports and imports by 2030 in Vietnam, what are regulations on management and control of imports to fully meet the needs of domestic production and strive for a healthy and reasonable trade balance?

Pursuant to Point 5 Section IV Article 1 of the Decision 493/QĐ-TTg in 2022 stipulating management and control of imports to fully meet the needs of domestic production and strive for a healthy and reasonable trade balance regarding the strategy for merchandise exports and imports by 2030 in Vietnam as follows:

5. Manage and control imports to fully meet the needs of domestic production and strive for a healthy and reasonable trade balance

- Improve regulatory institutions and improve capacity for trade remedy investigation agencies; strengthen the efficiency and inter-sectoral coordination mechanism in the process of handling trade remedy cases; boost training, communication and propaganda activities concerning trade remedies for state regulators, businesses, associations and other related organizations.

- Improve the economic efficiency of import-substituting product manufacturing industries; gradually lower protective barriers so that businesses can proactively develop their own investment strategies according to the tax reduction roadmap, increase the innovation of new equipment and technology, and put pressure on domestic manufacturing enterprises so that they improve their economic performance, reduce costs, and create products that can compete with imported goods.

- Enhance the management and quality control of imported goods by means of measures to be taken in line with international commitments.

- Adopt policies to encourage competitive import through the bidding mechanism, preferably machinery, equipment, high technologies, basic raw and input materials that cannot be produced, or can be produced domestically but inadequately.

- Carry out import promotion activities; call for investment from a number of key partners, especially those that can help Vietnam strengthen its technological capacity, and develop a healthy and logical trade balance.

According to strategy for merchandise exports and imports by 2030 in Vietnam, what are regulations on enhancement of the role of industry associations and nucleus enterprises in promoting the formation of large-scale export value chains?

Pursuant to Point 6 Section IV Article 1 of the Decision 493/QĐ-TTg in 2022 stipulating enhancement of the role of industry associations and nucleus enterprises in promoting the formation of large-scale export value chains regarding the strategy for merchandise exports and imports by 2030 in Vietnam as follows:

6. Enhance the role of industry associations and nucleus enterprises in promoting the formation of large-scale export value chains

- Develop private enterprises, support export enterprises to overcome barriers and trade remedies in foreign markets.

- Strengthen the connection between foreign-invested enterprises and domestic enterprises, creating spillover effects so that there will be more business partnership or cooperation for mutual development purposes.

- Enhance the role of industry associations as a bridge between state regulatory authorities and businesses with the aim of protecting the legitimate rights and interests of businesses in case of any international trade disputes that may occur.

Best regards!