Friday, 20 Oct 2017
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ECONOMY

Government issued export competitiveness enhancement plan

Updated at Monday, 07 Aug 2017, 19:21
The Hanoitimes - The Prime Minister has approved the plan on enhancing the competitiveness of Vietnamese export commodities by 2020, with a vision to 2030.
It is expected that by 2020, the quality and added value of commodities with export advantages will be reinforced. The added value of agricultural and seafood exports will increase by 20% on average in comparison to the current value. The plan includes increasing agricultural and fishery exportsto EU, Japan and South Korea. In addition, from 2016 to 2020, the plan set the target of  an average commodity export growth rate of 8% per year.
 

 
The items that are prioritized for competitive enhancement include agro-fishery products, including  commodities with  export advantages such as  rice, coffee, rubbery, seafood and pepper; the processing commodities with export advantages consist of textile, footwear, wooden products, phone of all kinds and accessories, computers, electronic products and accessories; and raw materials  that have advantage for export such as  of textiles, leather, plastic and plastic products, fertilizer and chemicals.
 
The plan set out major solution for the implementation of the plan which include transforming mode of production and export. Agricultural production will move from small and scattered production to large scale production. At the same time, the quality management will cover not only farming but also transportation, processing, preserving and consuming process. Industrial production will move from processing under contracts to  to high value-added production methods.
 
Export will be transformed from exporting through intermediate to direct export. Export under free on board (FOB) shipping conditions is changed to export under cost, insurance and freight (CIF) .
 
In addition, the exported commodities structure will be shifted  in the direction of raising high-added value proportions. Under the plan, industrial supports will  be channeled  to sectors with export advantages. The role of enterprises with foreign direct investment (FDI) should be enhanced in order for the competitiveness of Vietnamese exports to increase. The markets for export goods needs to be reinforced and opened. Besides, the national branding and trademark  of export commodities and enterprises should be further promoted.
 
At the same time, the national competitiveness  will  be increased, creating opportunities and reducing cost for enterprises. The capacity of enterprises, small and medium enterprises in particular, in export production will be raised as well as the the capacity of commodities associations.
 
Specifically, the plan puts emphasis on  improving enterprises’ capacities, especially SMEs, at the same time developing policies to support investment in technology and equipment modernization. Consequently  the product quality will be  improved to meet the demand of exported market. Enterprises should focus on research and development (R&D), increase IT application in their operations, in turn taking advantage of the industrial revolution 4.0.
 
The government should encourage and support enterprises in developing appropriate export strategy suitable to the markets. On the other hand, it will find measures to enhance business capacities  so that Vietnamese enterprises can take part in the global production and distribution network.
 
In order to increase competitiveness, enterprises also have to strengthen the linkage between suppliers and manufacturers, from  production to  transport – processing – storage and  distribution, between farmers – enterprises – government – scientists, and between domestic and foreign enterprises.
 
Under the plan, the enterprises are expected to receive  the government support in acquiring market information and trade promotion activities. With this being said, the government should increase efficiency in researching, analyzing, forecasting risks and potentials of markets. Moreover, it is vital that improving quality of human resources are properly addressed, providing advice   and legal support to exporters.

Enhance competitiveness of exports
 
The Prime Minister has  approved the plan  on enhancing the competitiveness of Vietnamese export commodities by 2020, with a vision to 2030.
 
It is expected that by 2020, the quality and added value of commodities with export advantages will be reinforced. The added value of agricultural and seafood exports will increase by 20% on average in comparison to the current value. The plan includes increasing agricultural and fishery exportsto EU, Japan and South Korea. In addition, from 2016 to 2020, the plan set the target of  an average commodity export growth rate of 8% per year.
 
The items that are prioritized for competitive enhancement include agro-fishery products, including  export commodities with  export advantages such as  rice, coffee, rubbery, seafood and pepper; the processing industries commodities with export advantages consist of textile, footwear, wooden products, phone of all kinds and accessories, computers, electronic products and accessories; and raw materials  that have advantage for export such as  of textiles, leather, plastic and plastic products, fertilizer and chemicals.
 
The plan set out major solution for the implementation of the plan which include transforming mode of production and export. Agricultural production will move from small scattered production to large scale production. At the same time, the quality management will cover not only farming but also transportation, processing, preserving and consuming process. Industrial production will move from processing under contracts to  to high value-added production methods .
 
Export will be transformed from exporting through intermediate to direct export. Export under free on board (FOB) shipping conditions is changed to export under cost, insurance and freight (CIF) .
 
In addition, the exported commodities structure will be shifted a in the direction of raising high-added value proportions.    Unde the plan, industrial supports will  be channeled  to sectors with export advantages. The role of enterprises with foreign direct investment (FDI) should be enhanced in order for the competitiveness of Vietnamese exports to increase. The market for export goods needs to be reinforced and opened. Besides, the national branding and trademark  of export commodities and enterprises should be further promoted.
 
At the same time, the national competitiveness  will  be increased, creating opportunities and reducing cost for enterprises. The capacity of enterprises, small and medium enterprises in particular, in export production will be raised as well as the the capacity of commodities associations .
 
Specifically, the plan puts emphasis on  improving enterprises’ capacities, especially SMEs, at the same time developing policies to support investment in technology and equipment modernization. Consequently  the product quality will be  improved to meet the demand of exported market. Enterprises also should focus on research and development (R&D), increase IT application in their operations, in turn taking advantage of the industrial revolution 4.0.
 
The government should encourage and support enterprises in developing appropriate export strategy suitable to the markets. On the other hand, it will find measures to enhance business capacities  so that Vietnamese enterprises can take part in the global production and distribution network.
 
In order to increase competitiveness, enterprises also have to strengthen the linkage between suppliers and manufacturers, from  production to  transport – processing – storage and  distribution, between farmers – enterprises – government – scientists , and between domestic and foreign enterprises.
 
Under the plan, the enterprises are expected to receive  the government support in acquiring market information and trade promotion activities. With this being said, the government should increase efficiency in researching, analyzing, forecasting risks and potentials of markets. Moreover, it is vital that improving quality of human resources are properly addressed, providing advice   and legal support to exporters.
Nguyen Tung - Tam Anh
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