Vietnam Plans to Increase Export Turnover in 2001

Vietnam has set a total export turnover target of US$19.2 billion for 2001, or a year- on-year increase of 16 percent, the local daily Vietnam News reported Tuesday.

This year, the country will maintain a high growth rate of export in crude oil, garments and footwear while increasing the export of industrial, processed and hi-tech goods.

To expand overseas markets, the Vietnamese government will set up a legal framework that encourages Vietnamese goods exports and take new measures including marketing studies and the provision of market information to businesses.

Vietnam's export turnover reached US$16.5 billion in 2000, including US$14.3 billion from commodities, 23.9 percent over 1999. The country had expanded its outlets to China, Japan and the United States. Imports also increased but were still within the permissible level.

People's Daily Online --- http://english.peopledaily.com.cn/