Goods import-export strategy to 2030 approved

Deputy Prime Minister Le Van Thanh has signed the Prime Minister’s Decision No. 493/QD-TTg approving the Commodity Import-Export Strategy to 2030, with the target of average export growth of 6-7 per cent each year in the 2021-2030 period.

Other targets in the 2021-2030 period include average growth of imports being 5-6 per cent per year. The proportion of exported manufactured and processed industrial goods is to reach 88 per cent of total export turnover by 2025 and 90 per cent by 2030.

The strategy also includes the orientation of goods exports, sustainable export development, the promotion of comparative advantages, the in-depth transformation of the growth model, the efficient use of resources, the protection of the ecological environment, and solutions to resolve social issues.

Export goods will also be restructured in-depth and industrialization and modernization accelerated, while the proportion of export products with added value, science and technology content, and high innovation content is to increase, as are green economic products and eco-friendly products.

Regarding imports, the strategy states that it is necessary to actively adjust the growth rate of goods imports and control the import of goods produced domestically, luxury goods, and non-essential goods.

In export and import market development and market diversification, the strategy calls for avoiding excessive dependence on one market, in order to reach a healthy trade balance and ensure sustainable growth in the long term.

To efficiently implement the strategy, relevant ministries, agencies, localities, and business associations all need to play their part.