Industry and Trade Sector: Major Goals for 2012 (16/01)
16/01/2012 - 16 Lượt xem
The major tasks of the industry and trade sector in 2012 include maintaining macroeconomic stability and contributing to efforts to curb inflation and bring it down to the rate of nine percent. To implement these tasks, the Prime Minister said that first of all, the sector must concentrate on helping businesses overcome difficulties and maintain industrial production along with efforts to boost economic restructuring and improving the quality of products to enhance the competitiveness of businesses. Specifically, the sector must review its policies and increase support for export companies, manufacturers of products of high added value and energy suppliers. "Vietnam is a market of nearly 90 million people with high purchasing power. So the industry and trade sector must seek ways to help businesses operating in the processing industry to occupy a dominant position in the domestic consumer goods market. Vietnam has made a shift to the market-driven economy and terminated all subsidy mechanisms for businesses. However, the State is willing to help industrial businesses develop by applying appropriate policies which create favorable conditions for them to promote production. The Ministry of Industry and Trade must play well the role of a liaison office," the Prime Minister emphasized. The Ministry of Industry and Trade is striving to increase the industrial production value of 2012 (based on 1994's fixed price) by about 13 percent compared with 2011; the added value of the entire industrial sector is projected to grow 7.5 percent compared with that of 2011.
Another important task of the industry and trade sector in 2012 is ensuring a sufficient supply of energy for economic development. For this task to be implemented, energy prices will be gradually adjusted in accordance with market prices. The Prime Minister said, "Energy prices must be marketized in order to restrict the explosion of foreign-invested manufacturing projects which are carried out just for one reason: electricity prices here in Vietnam are low. The marketization of energy prices will contribute to promoting energy efficiency and conservation. To be accepted by consumers, energy prices must be transparent."
Based on impressive export and trade deficit results of 2011, the industry and trade sector must make further efforts to boost exports and continue to reduce the trade deficit in 2012. "The 10 percent trade deficit was an impressive result. This index must be further reduced to promote sustainable development of the country," emphasized the Prime Minister. The Ministry of Industry and Trade predicted that in 2012 Vietnam's export revenue would increase by about 13 percent compared with 2011 and reach US$108.8 billion; the trade deficit would be maintained at 10 percent and the country would have no trade deficit by 2020.
Along with implementing the above major tasks, in 2012, the Prime Minister wants the Ministry of Industry and Trade to accelerate the reorganization of State-owned corporations and companies, improve market and price management to prevent speculation, popularize retail models and speed up administrative reform. The year 2012 is forecasted to be even more difficult than 2011 but all economic sectors have geared up their efforts to achieve the major goals set for 2012./.
Source: VEN
