Ministry of Industry and Commerce of Vietnam continues to encourage investment in textile and electrical appliances and other industries

Although many international financial institutions predict that the global economy will remain in a turbulent state in 2012, Nguyen Nam Hai, vice minister of Vietnam's Ministry of Commerce and Industry, said that in order to ensure that the 2012 GDP growth rate reached 6% to 6.5%, the Vietnamese government will The 2012 industrial output growth target set a 13% increase over the previous year (2011).

As the main raw materials, auxiliary materials and equipment in Vietnam's textile, leather and footwear industries still depend on imports from other Asia Pacific regions, the Ministry of Industry and Commerce continues to encourage investment industry to develop peripheral support industries (such as providing main and auxiliary materials for textiles, leather and footwear, electrical appliances, Computers and their parts, shipbuilding equipment, automobiles and motorcycles, etc.)

In 2012, Vietnam’s export target was set at US$108.8 billion, with an estimated growth of 13%. The import target was set at US$121.8 billion, and the estimated growth was 15.2%. The trade deficit was controlled below 10%, and the growth target of the retail and service industries was set. Estimated at 23%.

In order to achieve the set goals, Vietnam's Ministry of Industry and Commerce will encourage the diversification of export products and strengthen the promotion of trade activities for domestic companies to expand new markets and new partners in trade cooperation. In addition to stabilizing the supply and demand of basic supplies in the domestic market, it will gradually improve the distribution system of goods and encourage Vietnamese consumers to make more use of domestically produced goods, advocate the use of domestic goods, and stimulate the domestic consumer market.