Wednesday, Sep 28, 2022
International Finance

Vietnam to employ US$4.5mn for its trade promotion

Vietnam, trade promotion, Ministry of Industry and Trade, national trade promotion programme
Potential sectors and goods will be supported through the programme

Vietnam’s national trade promotion programme for 2018, which has an approved budget of US$4.5mn will be employed in 156 projects.

The programme, which will be managed by the Ministry of Industry and Trade, will support the key sectors and markets, and will focus on the expansion of some key  brands and products each year. It will also focus on exports and development of markets. To establish local market in rural and inaccessible areas, the programme has planned to sponsor trade promotional activities.

This year some new features have been added to the programme as it has permitted 11 projects in the mid-term that will facilitate businesses to establish their trade endorsement ideas for the 2018-20 period.

Pertaining to the effectiveness of programme, its popularity is gaining momentum every passing year. In 2017, around 7,000 businesses attended the programme.

With the Government publicising Circular 28/2018/NĐ-CP, the initiative will take a major positive turnover as it is laying down some solutions to expand foreign trade. The circular has specified the contents, budget and support principles for the national trade promotion programme. The booming sectors and in-demand goods will receive assistance from this project.

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