US $4.1 million for trade promotion in 2017

by VTV411 February 2017 Last updated at 12:07 PM

VTV.vn - In 2017 Vietnam will spend US$4.1 million on 199 trade promotion projects under the national trade promotion program, according to the Ministry of Industry and Trade (MoIT).

The program aims to expand export markets, targeting countries that signed free trade agreements with Vietnam, like Japan and South Korea, and member nations of the EU, the Eurasian Economic Union, the ASEAN Economic Community, and the US.

Trade promotion will be also carried out in domestic markets, especially in rural and mountainous areas, to implement the "goods made-in-Vietnam" campaign.  Vietnam's import-export turnover in 2017 is expected to continue to increase  thanks to the signing of a number of free trade agreements as well as foreign investment shifting from other countries into Vietnam. Participation in the ASEAN Economic Community will also bring opportunities through expanding export markets and increasing competitiveness.

The MoIT has set an export turnover target of US$188 billion for 2017, or 6.9% higher than last year.

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