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Barriers posing threat in achieving export target
Jul '08
Observing a very good export turnover last year, the Ministry of Industry and Trade (MOIT) had set an optimistic target for the current year. However many reasons are posing hindrances in achieving the goal.

Recently, export enterprises have identified problems that are creating barriers to achieve the export target for 2008.

Shortage of electricity is one of the main obstacles. Frequent power-cuts have reduced efficient production. Besides, footwear industry faced the obstacle in accessing capital, leading to less production.

Overloading situation at ports has pushed up cost of export products, reducing their competitiveness as well as affecting time of delivery; shortage of raw material are also creating problems for many enterprises.

It has become a matter of concern for the market researchers as in the first six months Vietnam's export turnover has just reached US $30.6 billion compared to the set target of $61.2 billion.

Experts are of the opinion, as petroleum, textile and garment, footwear being main export products, concerned agencies should study, capital proposals, labor quality and sources of materials, carefully. They should also focus on, promoting trade and restructuring administration.

To improve the current situation, the ministry would synchronize with concerned agencies, to work on oversees and direct export, informs MOIT. In every 10 days, this group will organize meeting to discuss over the difficulties of export enterprises and submit their proposal for timely solution.

Fibre2fashion News Desk - Vietnam

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