23:23 (GMT +7) - Sunday 04/12/2016

Vietnam Today

Room for improvement in exports

Released at: 14:00, 18/04/2016

Room for improvement in exports

Forum hears that government and enterprises must address issues to bolster trade performance.

by Hong Nhung - Linh Dan

More than half of all Japanese enterprises believe that Vietnam’s administrative and taxation procedures are overly complicated and hope the issues will be addressed, Mr. Atsusuke Kawada, Head of the Representative Office of the Japan External Trade Organization (JETRO), told the “Vietnam Export Promotion Forum 2016” held in mid-April.

The forum was hosted by the Ministry of Industry and Trade in cooperation with the Central Economic Committee (CEC) and other ministries and sectors and organized by the Trade Promotion Agency.

Mr. Kawada said that JETRO conducted a survey on Japanese enterprises on the perceived difficulties contained in Vietnam’s export and import policies. Two-thirds (65.2 per cent) said there were difficulties purchasing domestic materials and components and 77.9 per cent thought the minimum wage was too high.

Reducing production costs, enhancing product quality, and attracting good human resources were among the most important matters Vietnamese enterprises must improve upon to make Vietnamese products competitive.

Deputy Minister of Industry and Trade Do Thang Hai told the forum that Vietnam signing free trade agreements (FTAs) will result in changes to State management and administration and the country looks forward to reaching the necessary targets in this regard.

On the sidelines of the forum, Mr. Ngo Dong Hai, Deputy Chief of the CEC, said that besides the orientation role the government plays there must be self motivation and creativity and dynamism from Vietnamese enterprises, which will play a decisive role in the success or failure of the country’s global integration.

Agreeing, Mr. Kawada added that while support from the government is necessary the efforts made by enterprises are of greater importance. They must be flexible in their approach to FTAs when considering export destinations and the origin of their import materials.

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