Deputy Prime Minister Le Van Thanh has recently signed Decision No. 493/QD-TTg approving the Commodity Import-Export Strategy to 2030 with the target of achieving an average growth of commodity exports of 6-7 percent a year during the 2021-2030 period.

The strategy sets the target to develop exports at an average growth of 8-9 percent per year during the 2021-2025 period, and 5-6 percent per year during the 2026-2030 period.

The average growth rate of goods imports is expected to reach 5-6% per year in the 2021-2030 period, with 7-8 percent per year from 2021-2025 and 4-5 percent a year from 2026-2030.

The trade balance is expected to be maintained in the 2021-2025 period and will help towards maintaining a sustainable trade surplus in the 2026-2030 period as well as a healthy and reasonable trade balance with key trading partners.

The export proportion of processing and manufacturing industrial goods is expected to increase to 88 percent of total export revenue by 2025 and 90 percent by 2030, with the export proportion of medium and high-tech goods set to reach about 65 percent by 2025 and 70 percent by 2030.

Export markets in the EU are expected to increase to 16-17 percent of total export revenue by 2025 and 18-19 percent by 2030 and those in America will reach 32-33 percent of total export revenue by 2025 and 33-34 percent by 2030, while markets in Asia will be about 49-50 percent by 2025 and 46-47 percent by 2030.

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