Vietnam pushes domestic products

Deputy Prime Minister Hoang Trung Hai has said that the national programme on promoting domestic goods should combine the power of State offices and private enterprises to create high-quality products with competitive prices.

The Ministry of Industry and Trade has been building the programme in order to reduce industrial imports and stabilise the macro economy.

Last Saturday, Hai said that the ministry should work with other relevant sectors to finish a detailed report on the situation, assessing the demand for imports and the ability of domestic products to replace them.

The ministry would then find suitable solutions and determine policy based on the report, Hai said.

Imported industrial products that were currently most valuable to Viet Nam were goods that have not been produced locally, including machinery, mechanical equipment and computers, the ministry said. In order to become competitive in these areas, the Government must help producers improve their work force, capital, and production technology, the ministry said. — VNS

Tags: Vietnamese products

Posted by VBN on Jul 19 2011. Filed under Retail. You can follow any responses to this entry through the RSS 2.0. You can leave a response or trackback to this entry