Vietnam eyes goods export growth of 17.5 pct by 2010

Vietnam has targeted annual increase of 17.5 percent in goods export earnings, and of 16.3 percent in services export revenues between 2006 and 2010, local media reported Friday.

Vietnam plans to reap 72.5 billion dollars and 12 billion dollars from exporting goods and services, respectively, in 2010, according to a national export scheme recently approved by the government.

To this end, the country will boost export of items with high added-value, processed and manufactured goods, products with high content of advanced technologies and services, while lessening shipment of raw materials and unprocessed commodities.

Vietnam, which posted export turnovers of 32.2 billion dollars in 2005, a year-on-year increase of 21.6 percent, is boosting exports, diversifying markets and fostering trade promotion in an effort to gain export growth of 16.4 percent in 2006.

Vietnam has predicted to post service export revenues of 12 billion dollars in 2010, up from nearly 5.7 billion dollars in 2005. It is expected to reap overseas tourism revenue of 3.2 billion dollars; labor, 3 billion dollars, sea transport, 1.1 billion; and air transport, 950 million dollars in the year, said the paper.

Source: Xinhua