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

Textiles | On 22nd Jun 2017

Zund unveils cradle feeder roll-feed system for fabrics

Zund Systemtechnik AG, Switzerland’s textile machinery firm that...

Textiles | On 22nd Jun 2017

Hpfabrics opening production facility in Forsyth County

Hpfabrics, manufacturer of raw fabrics, is opening a new production...

Courtesy: Napapijri

Apparel/Garments | On 22nd Jun 2017

Napapijri's Superlight Parka is free of fur and down

Napapijri has introduced the new Superlight Parka, a new lightweight...

Interviews View All

Mandeep Nagi
Shades of India

Women value something that is unique and has a flavour of India

Siddharth Biyani
Mangalam Industries Pvt Ltd

‘The manufacturing sector is improving day-by-day, becoming better in...

Vidhyaa Shankar. S
A Ganapathi Chettiar

'The usage of knits is getting into the boundaries of woven fabrics'

Suresh Patel
Sidwin Fabric

Sidwin Fabric is a manufacturer and exporter of polypropylene textiles and ...

Marten Alkhagen
Swerea IVF AB

Marten Alkhagen, Senior Scientist - Nonwoven and Technical Textiles of...

Lynda Kelly
Suominen Corporation

Suominen Corporation is a manufacturer of nonwovens as roll goods for...

Prathyusha Garimella
Prathyusha Garimella

Hyderabad-based designer <b>Prathyusha Garimella</b> is known for blending ...

Silvia Venturini Fendi
Fendi s.r.l

"Yes, my confidence and positive attitude are my strengths and should be...

Karan Arora
Karan Arora

Bridal couture created with rich Indian heritage, exquisite craftsmanship...

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

news category


Related Categories:
June 2017

June 2017

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

SUBSCRIBE


Browse Our Archives

GO


E-News Insight
Subscribe Today and Get the
Latest News Update in Your Mail Box.
Advanced Search