Home / Knowledge / News / Meeting discusses measures to enhance exports & industrial output
Meeting discusses measures to enhance exports & industrial output
13
Jul '09
In order to enhance the exports and industrial output in the next five months, the industry and trade officials and enterprises met in an online conference between Ha Noi, Da Nang and HCM city.

The Deputy Minister of Industry and Trade, Mr. Bui Xuan Khu, said that the sector must make efficient efforts to get better output. The sector still is in need of correct push in the right direction, even though the National Assembly had reduced the targets for industrial products and exports, he added.

It had been expected that the industry growth will reach up to 10 percent while exports will see 3 percent growth. However, Ministry data revealed that there was plunge in industrial production output and exports from the country.

The industrial output has fallen down by 11.7 percent and export turnover by 10.13 percent. In order to boost production, Mr. Khu asked relevant authorities to ease the difficulties for enterprises. Also he asked the Electricity Board of Vietnam to improve its management and bring efficiency in their grid operation to fulfill local demands.

He further asked the Vietnam Garment and Textile Group to increase exports and expand domestic market. The relevant enterprises would enjoy the cooperation of ministry, in order to increase the exports of rice, fisheries and other agricultural products.

Japanese market which has a lower import tax for Vietnam's farming products will be the point of focus of the Ministry. It will also find new markets for rice, coffee and mechanical products in Africa and the Middle East, informed Mr. Khu.

In order to enhance exports and to build the export credit insurance project, the Industry and Trade Ministry would work with Ministry of Finance to change import export taxes. To strengthen the domestic market and to sell more products to the rural markets, more market studies should be undertaken, said Mr Khu.

Fibre2fashion News Desk - India


Must ReadView All

India to be largest cotton producer in 2018-19: USDA

Textiles | On 22nd Jun 2018

India to be largest cotton producer in 2018-19: USDA

For the fourth consecutive season, India is expected to be the...

Organic Basics gets Polygiene help for advanced underwear

Apparel/Garments | On 22nd Jun 2018

Organic Basics gets Polygiene help for advanced underwear

Danish firm Organic Basics is working with Swedish company Polygiene, ...

Courtesy: Pexels

Textiles | On 22nd Jun 2018

Pakistan's textile exports up 9.82% in July-May FY18

The value of textile and garment exports from Pakistan increased by...

Interviews View All

Jurgen Gauger
Spreadshirt

‘Buying crowdsourced or creative designs are much more appealing to the...

Janak Dhamanwala & Sunil Dhamanwala
Jansun

Moving towards sustainability is also a social change

C Kamatchisundaram
Voltas

ITME is an occasion not only to receive new leads but also to work on...

Tom Adeyoola

Describing itself as the best body shape and garment fit company in the...

Kalai Selvi

Vidyashilp Academy in Bengaluru is the country's first Fairtrade School....

Mala Alwani

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

Johan Berlin
InvestKonsult Sweden AB

Investkonsult Sweden AB has been buying and selling second-hand textile...

Mark Paterson
Technical Absorbents Ltd

Mark Paterson, R&D manager of Technical Absorbents Ltd talks about Super...

Lynda Kelly
Suominen Corporation

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

Priya Somaiya
Usha Social Services

The Usha Silai label from Usha International is all set for a retail...

Sonam & Paras Modi
SVA

Sonam and Paras Modi's Sva Couture is synonymous with head-turning...

Ritu Kumar
Label Ritu Kumar

‘Classics will return’ "There are a lot of people wearing western clothes ...

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