PM urges MIT to spur domestic market, export

VGP – The Ministry of Industry and Trade (MIT) needs to launch effectively solutions to develop domestic market, accelerate export and guarantee the balance of supply and demand of essential commodities.

January 10, 2014 4:03 PM GMT+7

PM Nguyen Tan Dung attended the meeting held by the Ministry of Industry and Trade to launch misisons for 2014, Ha Noi, January 10, 2014 - Photo: VGP/Nhat Bac

PM Nguyen Tan Dung made the statement on January 10 at a meeting held by the MIT to launch missions for 2014.

He suggested the industry accelerate the development of trade marks and encourage businesses to invest in the auxiliary industry.

The MIT needs to do more to speed up production and economic restructure, control prices, prevent counterfeit and smuggled products and combat trans-border trade frauds, the PM asserted.

He initiated that the MIT actively joins the negotiations of Free Trade Agreements (FTA), especially the Trans-Pacific Partnership Agreement, and an FTA with the EU.

In 2013, the Index of Industrial Production was up 5.9% and total retail and service turnover rose by 12.6%.

Besides, export and import saw an increase of 15.4%, standing at US$132.17 billion and US$131.3 billion, respectively.

By Thuy Dung