Among these solutions, the strategies to develop export markets and items of comparative advantages have also been specified.

Accordingly, as for the Chinese market, Ha Noi will learn about new policies and regulations on imports from the Chinese side in order to work out relevant response measures to minimize risks.

As for the United States market, the city will direct local businesses to implement big export contracts in accordance with the deadline, to improve price competitiveness for products and to foster links to use foreign firms’ low-price product trademarks to satisfy the middle class market in the US.

As for the Japanese and Republic of Korea markets, Ha Noi will strengthen links with the commercial Japanese and ROK companies, which have invested in the Vietnamese market, in order to create a connection bridge to bring commodities to these two markets.

The city will also focus on the European Union (EU) and ASEAN markets, while strategies have already been devised to facilitate access to the Russian, African and Latin American markets to boost the exports of key commodities suited to each of these market.

Ha Noi will assign its departments, sectors, units and associations to outline annual detailed plans and to estimate the funding for the implementation from the municipal budget, the central budget’s assistance and non-State sources.

These plans will then be submitted to the municipal People’s Committee for approval and implementation, towards boosting export growth and contributing to realizing the city’s 2016-2020 goals of 8.5%-9% gross regional domestic product (GRDP) growth and VND140-145 million in average income per capital per annum.

 By Vien Nhu

Source: http://news.chinhphu.vn/