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Service sector targets $12 billion by 2010 (18/09)
06/08/2010 - 71 Lượt xem
Specific service sector has been targeted to achieve even more aggressive growth rates, including insurance (29.3 per cent), telecoms (24.5 per cent), financial services (22.4 per cent) and marine transportation (21.5 per cent).
Tourism will remain the largest foreign currency earner among the country’s key service sector, with projected revenue of $3.2 billion, while marine transportation aims to earn $1.1 billion and air transportation $950 million.
Unlike developed nations in which services account for around 40 per cent of GDP, Viet Nam’s services sector reached only $21.8 billion, accounting for only 10.8 per cent of GDP, during 2001-05 period.
Japan External Trade Organisation (JETRO) senior advisor Ken Arakawa, at a recent seminar on services, outlined a lack of professional skills, poor service quality, and costly communication services as major obstacles facing the Vietnamese services sector.
WTO entry brought Vietnamese enterprises a lot of opportunities as increasing numbers of foreign service providers were interested in the Viet Nam market, creating a chance for domestic companies to take advantage of higher-skilled human resources, more modern technology, and a more professional model for providing services and management, Arakawa said.
Other local experts suggested that Viet Nam should focus on completing the legal framework in taxation, investment procedures, and incentives as well as building national trademarks.
Trade promotion campaigns needed to be launched in addition to developing marketing and human resources training, they added.
Source: VNS.
