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Improve trade policies to enhance export
31
Jul '08
According to Mr Noritaka Akamatsu, leading financial economist of Vietnam, trade suffers deficit of 10 percent, which can be improved by correct management policies.

To increase export, government must pay heed to few things. Firstly, there is a dire need to encourage export and industrialization and enlarging domestic production. Secondly, smooth mobilization of capital through the stock market and bonds is also required.

Experts suggest that for flexibility in export credit, capital preferences should be given to prestigious exporters, to increase faith of domestic and foreign investors.

If Vietnam keeps inflation under control for the rest of the months, it's export value is expected to reach US $61.2 percent billion, asserts Mr Bui Xuan Khu, Deputy Minister, Ministry of Industry and Trade (MOIT). Ministry urges enterprises and craft associations to amend production and export capacity.

To reduce trade differences, Govt will control growing imports and check increase in price of other products.

Fibre2fashion News Desk - China

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