Prime Minister Nguyen Tan Dung has launched an official document which directs all government departments to promote exports in order to control the trade gap in 2010 in efforts to achieve the export targets set by Congress previously and to keep the trade gap below 20%.
At the beginning of the first quarter of 2010, the Ministry of Industry and Trade (MoIT) must submit the export development policy in 2010 to the PM and develop the national trade promoting program which will be approved by the PM in the second quarter of 2010.
By the first quarter of 2010, MoIT will have applied the new import quota, tariff-rate quota regulations and import licenses with the aim of controlling the import of goods which are harmful for people and the environment. Of particular concern is also those which could transmit diseases to plants and domestic animals.
To ensure peoples health and prevent diseases from exported goods, MoiT needs to actively apply some methods such as refusing exported goods which have unknown origin and are below standard qualities from trade borders.
The Ministry of Finance (MoF) will not only continue guiding the temporary VAT tax refund regulations for exported goods, but also lead the customs department to put policy reforms into practice and shorten time spent on customs clearance and tax balances, especially which applies for imported materials used for productions and processing.
MoF will have finished the “Insurance in export credit” project by the first quarter of 2010 to be applied as soon as possible.
MP has also demanded that the National Bank fully supervise credit activities to bring advantages for enterprises, which helps them easily access production capital and export resources, so as to control capital borrowing activities for consumer goods and non-essential foods.
In 2009, the import quota decreased much more than the export quota. Otherwise, the trade gap was still at $12.2 billion and achieved 21.6% of total export quota of 2009.
Source: dtinews.vn