Home / Knowledge / News / MOIT suggests ways to revive exports
MOIT suggests ways to revive exports
06
Nov '08
Impact of international recession on the local industries is clearly visible in Vietnam. Exporters are among the worst hit. Recognizing this, the Ministry of Industry and Trade (MOIT) recently proposed several measures that might help revive exports.

MOIT urged Ministry of Finance (MOF) and the State Bank of Viet Nam (SBV) to enable companies and farmers to access credit, especially for key exports.

SBV announced cuts in interest rates twice in just past couple of months. However, MOIT suggested that rates be slashed further, so as to promote consumption and production.

According to this proposal, custom office has been asked to adjust administrative and clearance procedures, so as to make them swift and effective.

Tariffs should be flexible and adjusted in co-relation with the global prices. This will help companies that are facing low demand.

Complete understanding of rules and regulations in other countries is extremely important for the exporters. Diversifying products and entering new market is also essential to maintain steady performance.

Exports are expected to reach around US $15.5 billion in the fourth quarter, taking the total for 2008 to $64 billion, marking a year-on-year growth of 32 percent.


Must ReadView All

Courtesy: Nine West

Fashion | On 17th Jun 2018

ABG wins bid in Nine West Holdings auction

Authentic Brands Group (ABG), owner of a global portfolio of...

Courtesy: Kreussler

Textiles | On 17th Jun 2018

USDA certifies Kreussler's solvent as biobased

The US Department of Agriculture (USDA) has certified Kreussler's...

Courtesy: ITUC

Textiles | On 17th Jun 2018

Democratic space shrink & corporate greed are rising: ITUC

Shrinking democratic space for working people and unchecked corporate ...

Interviews View All

Dharmendra Shah
Ozone PB Spintex Limited

‘We have made huge investments to ensure quality yarn production.’

Victor Chao
Esmetex

‘In future, clothing boundary lines will become increasingly blurred.’

Evelyne Cholet
UCMTF

‘France had a reputation of being big in new ideas, but poor in marketing...

Kamal Kulshreshth

Colorjet is among the fastest-growing wide format digital inkjet print...

Mala Alwani

<div>Delhi-based fast fashion womenswear brand, Besiva, aims to bridge the ...

Urmil Arya

Sushila International, a well established textile organisation established ...

Kerem Durdag
Biovation II LLC

Kerem Durdag, CEO, Biovation II LLC, provides an insight into future...

Kai Poehler
Voith Paper GmbH & Co. KG

The glass mat industry is growing by five to eight per cent annually. Kai...

Kevin Nelson
TissueGen

Kevin Nelson, Chief Scientific Officer, TissueGen discusses the growing...

Cigdem Akin
Cigdem Akin

She has carved a niche for herself as the national brand of Turkey. Her...

Akta Adani
India Boulevard

India Boulevard is a San Francisco-based curated fashion marketplace that...

Pranav Mishra
Huemn

Designers Pranav Mishra and Shyma Shetty’s Huemn is known for its...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH

Leave your Comments


June 2018

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

news category


Related Categories:

Advanced Search