Hanoi aims to increase export value by 5% in 2022

According to the Hanoi Industry and Trade Bureau, despite the severe situation of the new crown pneumonia epidemic, the Hanoi industry and trade department still set a target of 5% increase in export value in 2022.

Tran Thi Fang Lan, acting director of the Hanoi City Industry and Trade Bureau, revealed that in 2022, the Hanoi City Industry and Trade Bureau will carry out trade promotion activities to effectively carry out the plan for Hanoi’s integration into the international community (2021-2025). Specifically, from now until the end of 2022, Hanoi will implement the plan for Hanoi’s integration into the international community (2021-2025) and the implementation of the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) and the Vietnam-EU Free Trade Agreement (EVFTA).

Despite the impact of the epidemic, in 2021, the service industry in Hanoi will still grow by 2.71% year-on-year. In particular, the export value of Hanoi City reached 16 billion US dollars, an increase of 0.9% year-on-year, and the export value of some export commodities increased sharply (textile and garment export value increased by 18.3%; machinery equipment and accessories increased by 19.8%, and the export value of vehicles and their accessories increased. 40.2%, exports of wood and wood products increased by 39.3%, and footwear increased by 55%).

In order to help enterprises increase their export volume, the Hanoi People's Committee has proposed 7 measures to help enterprises ease their difficulties, including enhancing the competitiveness of enterprises and accelerating the reform of the administrative approval system.

Economic experts believe that in order to achieve the target of 5% increase in export value this year, Hanoi should strengthen trade promotion activities, improve its ability to deal with trade defense measures and international disputes, and strengthen import management tools and measures to align with tariffs and non-tariff instruments. , environmental standards, corporate social responsibility and other requirements.