Strategy on goods import and export toward 2030

On April 19, 2022, the Prime Minister issues the Decision No. 493/QD-TTg on approval of the goods import and export strategy toward 2030.

The specific objective is to grow export and import sustainably, Goods export growth rate shall be on average of 6 - 7% per year, goods import growth rate shall be on average of 5 - 6% per year in the period of 2021 - 2030, To balance the trade balance in the period of 2021 - 2025, towards maintaining a sustainable trade surplus in the period of 2026 - 2030...

And then, have orientation to develop export and import markets to diversify the market, avoid excessive dependence on one market area; towards a healthy and reasonable bilateral trade balance, ensuring sustainable growth in the long term.

At the same time, to effectively exploit market opening opportunities from international economic integration commitments in free trade Agreements to boost exports to major markets such as the EU, Japan, China, and Korea, ASEAN, etc.

Enhance the exploitation of potential markets such as the United States, Russia, Eastern Europe, Northern Europe, India, Africa, Middle East and Latin America, etc., towards building stable and long-term trade frameworks. To continue to restructure the import market in the direction of reducing the proportion of import from low-tech and intermediate technology markets, and increasing the proportion of import from source technology markets.