Businesses urged to promote exports

03:24 PM @ Monday - 06 September, 2010
Businesses should work out measures to reduce input prices, solve theshortages of skilled labour and production materials as well as boostexports in the remaining months of the year.

Minister of Industry and Trade Vu Huy Hoang made the request at anonline meeting on the country’s production in Hanoi on September 6.

According to the ministry’s report, the country’s export turnover inthe first eight months of the year reached 44.5 billion USD, up 20percent over the same period of last year while the import value wasstill high, with trade deficit standing at 8.16 billion USD, ayear-on-year increase of 3 billion USD - and expected to increase to13.6 billion USD by the end of the year.

At themeeting, the representatives pointed out that dependence on importmaterials affects the price of export products, and products can alsobecome subject to trade barriers from other countries.

The ministry also urged businesses to use domestic equipment, step upthe construction of electrical works, stabilise prices of domesticproducts and carry out promotion programmes in domestic markets./.

(Source: http://en.vietnamplus.vn)


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