Ministry strives to maintain trade surplus of 15 billion USD in 2024

Wednesday, 31/01/2024 11:14
The Ministry of Industry and Trade has just issued an action program to implement Resolution 01/NQ-CP on tasks and solutions to implement socio-economic development plans and state budget estimates for 2024.

The program also aims to successfully implement the tasks assigned by the Government to the industry and trade sector in 2024.

Specifically, index of industrial production (IIP) will increase by 7-8%; the proportion of processing and manufacturing industry in GDP will reach about 24.1-24.2%; electricity production and imports will reach 306.259 billion kWh; and commercial electricity will reach 262.26-269.3 billion kWh.

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At the same time, the Ministry of Industry and Trade also strives to achieve export turnover growth by about 6%; trade balance will maintain a surplus of about 15 billion USD; total retail sales of goods and service revenue will increase by about 9%; and business-to-consumer (B2C) e-commerce growth will be about 18-20%.

At the program, the Ministry of Industry and Trade assigned specific tasks to units within the industry. Priority must be given to promoting growth, maintaining macroeconomic stability, controlling inflation and ensuring major balances of the economy.

Notably, the Ministry continues to review and improve institutions, laws, mechanisms and policies associated with improving the effectiveness and efficiency of law enforcement; promote reduction and simplification of administrative procedures and business regulations.

In addition, the ministry will promote the construction and development of a synchronous and modern strategic infrastructure system. On the other hand, it will develop the digital economy, green economy, circular economy, night economy, e-commerce, emerging industries and fields, and new and effective business models.

Also at this program, the Ministry of Industry and Trade said it would focus on developing high-quality human resources, especially human resources in the fields of biotechnology, artificial intelligence, chips and semiconductors associated with promoting scientific research, technology development and application, promoting innovation and entrepreneurship./.

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