Vietnam set export target at 393-394 billion USD in 2023
The Ministry of Industry and Trade plans to set a target of 6% growth in export value this year, considering unpredictable factors that can affect import-export, according to Deputy Minister Do Thang Hai.
|At the Government's regular press conference (Photo: VNA)|
Speaking at the regular Government press conference for January on February 2, the deputy minister said export revenues reached 371.3 billion USD in 2022, up 10.5% from the previous year. Thus, with the projected growth rate of 6%, total export value this year would be around 393-394 billion USD.
According to Hai, falling world demand is a big challenge for Vietnam’s exports in 2023. He said Vietnam’s export growth will depend on such factors as the Russia-Ukraine conflict and inflation in big import markets.
Besides, tax cuts in line with roadmaps set by free trade agreements and strong investment inflows are favourable factors for export, he said.