• An Giang
  • Binh Duong
  • Binh Phuoc
  • Binh Thuan
  • Binh Dinh
  • Bac Lieu
  • Bac Giang
  • Bac Kan
  • Bac Ninh
  • Ben Tre
  • Cao Bang
  • Ca Mau
  • Can Tho
  • Dien Bien
  • Da Nang
  • Da Lat
  • Dak Lak
  • Dak Nong
  • Dong Nai
  • Dong Thap
  • Gia Lai
  • Ha Noi
  • Ho Chi Minh
  • Ha Giang
  • Ha Nam
  • Ha Tinh
  • Hoa Binh
  • Hung Yen
  • Hai Duong
  • Hai Phong
  • Hau Giang
  • Khanh Hoa
  • Kien Giang
  • Kon Tum
  • Lai Chau
  • Long An
  • Lao Cai
  • Lam Dong
  • Lang Son
  • Nam Dinh
  • Nghe An
  • Ninh Binh
  • Ninh Thuan
  • Phu Tho
  • Phu Yen
  • Quang Binh
  • Quang Nam
  • Quang Ngai
  • Quang Ninh
  • Quang Tri
  • Soc Trang
  • Son La
  • Thanh Hoa
  • Thai Binh
  • Thai Nguyen
  • Thua Thien Hue
  • Tien Giang
  • Tra Vinh
  • Tuyen Quang
  • Tay Ninh
  • Vinh Long
  • Vinh Phuc
  • Vung Tau
  • Yen Bai

Gov’t chief calls for stimulating domestic consumption, broadening export markets

VGP - Prime Minister Pham Minh Chinh on Friday presided over a conference to seek ways to stimulate domestic consumption and expand export markets in 2023.

February 03, 2023 5:29 PM GMT+7
Gov’t looks to promote domestic consumption and broaden export markets - Ảnh 1.

Prime Minister Pham Minh Chinh tasks the Ministry of Industry and Trade to quickly complete the four master plans on electricity, energy, minerals and oil and gas infrastructure, Ha Noi, February 3, 2023 - Photo: VGP/Nhat Bac

The Prime Minister suggested that the Ministry of Industry and Trade focus on promoting three strategic breakthroughs (institutions, infrastructure, human resources), three growth engines (investment, export and consumption), and digital transformation, green transformation, circular economy, climate change response and building a self-reliant economy in the industrial sector.  

The ministry was tasked to quickly finialize drafting of four master plans on electricity, energy, minerals and oil and gas infrastructure.

The Government chief also asked for measures to recover and spur production and export, and strengthen external economic relations as well as bilateral and multilateral cooperation to maintain and expand markets, and optimize export potentials. 

"Market diversification is needed to offset difficulties in traditional markets such as the US, China, the EU, Japan, the Republic of Korea (RoK) and ASEAN," he added. 

The Prime Minister also called for expansion of export horizon to Eastern Europe, the Middle East, South America, South Asia and Africa.

Pham urged the ministry to launch more trade promotion programs, and boost goods distribution via digital platforms and e-commerce to rural and mountainous areas in a bid to stimulate domestic consumption.

Minister of Industry and Trade Nguyen Hong Dien reported that Viet Nam ran a trade surplus of US$ 3.6 billion in the first month of 2023 while total retail sales of goods and services saw a year-on-year increase of 20 percent./.