Take advantage of FTAs, exploit new markets to boost exports

Phạm Đông |

Faced with the complex and unpredictable world context, with many risks and challenges, the Prime Minister requested ministries, sectors, and localities to have solutions to promote exports; prepare contents to exchange and work with the US side to promote the signing of a balanced and fair reciprocal tax agreement.

Timely removal of difficulties for businesses in import and export

The Prime Minister has just signed Official Dispatch No. 23/CD-TTg directing ministries, branches, localities, corporations, and state-owned general corporations to continue to drastically, synchronously, and effectively implement key tasks and solutions to proactively adapt flexibly to the world and regional situation, and further promote export activities.

The Prime Minister requests ministries, agencies, and localities, according to their authority, to consistently implement the goal of maintaining macroeconomic stability, controlling inflation, promoting growth, ensuring major balances of the economy; promptly remove difficulties and obstacles of enterprises in import and export activities, in order to diversify markets, diversify products, and diversify supply chains.

Strengthen investment attraction, promote production and business, and goods circulation; review and strongly promote production and export projects. According to assigned functions and tasks, proactively prepare contents to exchange and work with the US side to promote the signing of a balanced and fair reciprocal tax agreement.

Focus on supporting localities, industry associations, and businesses to effectively exploit FTAs that Vietnam is a member of, especially FTAs with the European Union, the United Kingdom and Northern Ireland, the Eurasian Economic Union and the CPTPP Agreement; Accelerate the progress of negotiations and signing of new free trade agreements, especially with Latin America, the Middle East and Pakistan; expand and effectively exploit new markets, especially the Halal, Middle East, US, Latin, and African markets...

Direct the foreign trade office system to strengthen support for Vietnamese businesses, provide information on the political security situation of the Middle East region and the flow of goods through the Hormuz Strait so that businesses can proactively plan production and delivery; promote the application of digital platforms for market development to support market information, trade promotion, product and brand promotion.

Proactively work and exchange with relevant agencies of the US and other countries to ensure the legitimate and lawful rights of Vietnamese export businesses.

Review and develop appropriate export and import tax rates

The Ministry of Finance closely monitors the market situation, closely coordinates with the Ministry of Industry and Trade in managing gasoline and oil prices, setting up, managing and using the Gasoline and Oil Price Stabilization Fund according to current legal regulations. Review and develop export and import tax rates in accordance with the international and regional integration roadmap to create conditions to promote exports and develop domestic production.

The State Bank of Vietnam shall preside over and coordinate with relevant agencies to manage the exchange rate flexibly, harmoniously, and reasonably balanced with interest rates, stabilize the monetary market; research, develop, and connect the monetary - banking sector on the basis of compliance with commitments and international law, contributing to supporting trade and investment with partner countries, stabilizing and limiting risks arising in the cooperation process; direct credit institutions to implement solutions to strengthen access to credit capital for businesses and people in accordance with regulations to support and promote production, import and export of goods.

People's Committees of localities with agricultural products exported across borders regularly update information and situations from border provinces to advise farmers, production facilities, and processing and exporting enterprises of agricultural products and fresh fruits in the area to proactively plan production, packaging, delivery, and export of goods, avoiding congestion and other adverse impacts.

Phạm Đông
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