At the beginning of the new year, there have been many positive signs for Vietnam's goods exports. As a highly open economy, Vietnam cannot avoid the impact of external fluctuations in the face of huge risks and challenges to the world economy in 2024. In this context, Deputy Minister of Industry Nguyen Thanh Tan was interviewed by the Vietnam News Agency (VNA) on the potential of Vietnam's export of flagship products and its future support policies to promote the export of enterprises.
Nguyen Thanh Tan said that in 2023, Vietnam's exports of various goods achieved breakthrough growth, such as: rice exports reached US$4.7 billion, an increase of 35.53%；The export value of fruits and vegetables was 5.6 billion US dollars, an increase of 667%。In addition, the export of some products showed a positive recovery, such as: steel exports reached 8.4 billion US dollars, an increase of 45%；The export value of computers, electronic products and parts was 57.3 billion US dollars, an increase of 32%；The export value of transport vehicles and parts was 14.2 billion US dollars, an increase of 181%。
It is worth noting that products with an export value of $1 billion or more are increasing year by year, and account for a large proportion of the country's total exports. In 2013, there were only 23 products with an export value of more than $1 billion. In 2018, there were 29 projects with an export value of more than $1 billion, and in 2023, there are 35 projects with an export value of more than $1 billion.
According to the assessment of the Ministry of Industry and Trade, the world and domestic economic environment will have more positive factors for the movement of imports and outflows in 2024. At the same time, Vietnam's efforts to promote negotiations and diversify export markets will also bring more competitive advantages to exports in the near future.
In order to promote the export of advantageous products, Nguyen Thanh Sen believes that enterprises should innovate production activities and improve product quality, and production activities need to meet consumer needs. In addition, companies must research and update new technologies and promote automation to reduce product costs.
Nguyen Thanh Tan said that in the future, the Ministry of Industry and Trade will continue to monitor the development of the market and provide suggestions for the development of export markets; Guide Vietnamese commercial offices abroad to update information on foreign market conditions in a timely manner, and make suggestions to various localities, associations and import and export enterprises in Vietnam; Continuous Innovation** Promotion Activities; focus on the development of logistics services; We will continue to promote the development of the border through regular trade and trade exports, and effectively manage and open up the development of China.