Vietnam will promote the development of ancillary industries to reduce trade deficit

Structure of import goods in period 2007-2009 had a positive change compared to earlier periods. Specifically, the structure of commodity groups needs to import account for 81,6% in the importing structure of country, while the earlier periods are only about 75-80%. 

From 2007 to present, the import proportion of "commodity groups need to be imported, including raw materials, machineries, equipments and accessories" always reach over 80% of the total import value. Inwhile, "although the imported commodity groups imported still necessary, but need to control" in the period 2007-2009 reached 26 billion U.S dollars and proportion accounted for 12,2% of the total import value. 

Based on the import of essential commodities in the recent period, the economy's needs in the future and the possibility of domestic production, the commodity groups are produced in domestic substitutes import of Vietnam for the period 2011 - 2015 will be the fuel; steel, fertilizer, plastic materials, chemical materials and chemical products, mechanical products... Ministry of Industry and Trade will monitor and inspect the progress of implementation of production projects above, following the planning of each sector and timely solve difficulties and problems to put the project into operation soon. At the same time, promote the development of auxiliary industries, focusing on sectors such as textiles, footwear, electronics, mechanics. Ministry of Industry and Trade is also cooperating with other ministries related and agencies to develop a decree on the preferential policies to develop the supporting industry process in the Prime Minister III/2010 quarter.