Tin mới
Developing service exports (19/7)
19/07/2013 - 18 Lượt xem
In
the first half of this year, service sector was the highpoint of the
Vietnam economy and reached a gross domestic product (GDP) of more than
VND652.892 trillion (according to current prices), VND66.9 trillion
higher than that of the industry and construction sector, according to
the General Statistics Office (GSO). The domestic service sector’s
growth functions as a good precondition for developing service export.
The
GSO data showed that in 2012, sales of inbound tours to foreigners came
to US$6.83 billion, US$4.97 billion more than sales of outbound tours
to Vietnamese. This trade surplus is 3.5 times that in 2005. The number
of foreign visitors to Vietnam increased in the first half of this year.
Last
year, Vietnam’s postal and telecommunications service exports and
imports amounted to US$138 million and US$57 million, respectively.
Investment in transport and insurance services is needed
According
to the GSO, in 2012, transport service exports came to US$2.07 billion,
while transport service imports totaled more than US$8.71 billion.
Meanwhile, insurance service imports and exports amounted to US$582
million and US$64 million. These numbers were mainly related to ocean
shipping. More than two thirds of Vietnam’s imports and exports were
transported by foreign ships, and almost all cargoes were insured by
foreign firms.
The deficit of trade in services increased from US$195 million in 2005 to US$2.92 billion in 2012.
Experts
have said that it is time for Vietnam to balance service imports and
exports and develop service exports. It is important for Vietnam to
modernize its national liner fleet, aimed at increasing the number of
Vietnamese liners transporting imports and exports.
Increased
sales of inbound tours to foreign visitors were partially attributed to
domestic and foreign businesses that invested considerably in
developing infrastructure, especially tourist real estate projects, in
Vietnam. Successful investment in this field is something from which
relevant policy makers and businesses can learn to develop the
Vietnamese maritime industry in the coming time. Participation of
organizations and individuals from different economic sectors is so
important, as state investment alone will not work./.
Source: VEN.
Source: VEN.
