Decision No. 1467/QD-TTg approving the Scheme on development of regional markets in the 2015-2020 period, with a vision toward 2030.

This Decision approves the Scheme on development of regional markets in the 2015-2020 period, with orientations toward 2030 with the following principal contents: Viewpoints on development of regional markets are: a) To promote and diversify Vietnam’s export markets in order to boost domestic production, create employment and solve social issues; at the same time, to increase foreign-currency revenues for the country, and raise the level of technology to serve national industrialization and modernization; b) To develop export in the direction of sustainable growth and suitability to characteristics of each regional market, ensuring both expansion and increase of added value of export; c) To develop export markets in line with the restructuring of exported goods toward industrialization and modernization on the basis of the 2011-2020 socio-economic development strategy and the strategy on import and export of goods in the 2011-2020 period, with orientations toward 2030; d) To orient and boost export according to regional markets: Southeast Asia, Northeast Asia, Chinese-speaking market, Oceania, Europe (European Union, Central and Eastern Europe, Russia and CIS countries), the United States and Canada, Latin America, Africa, West Asia, and South Asia.
Its general objectives are: To strive to increase the export value to USD 300 billion by 2020, and an average annual export growth rate of 11%-12% from 2015 to 2020; to strive to achieve a stable trade balance by 2020 and sustainable trade surplus in subsequent years. Specific targets establish the characteristics of and export situation in each regional market, the specific export targets by 2020 and 2030 for each regional market. It aims to step up the export of industrial processed and manufactured goods with high technological content and input materials; to continue to promote and maintain the export of agricultural, forest and aquatic goods, especially Vietnam’s advantageous ones like rice, foodstuffs, vegetables and fruits, coffee, cocoa, rubber products, and aquatic products.