The Ministry of Industry and Trade will have to submit to the PM a plan to step up exports for 2010 in the first quarter of this year, introduce various regulations and implement a national trade promotion programme in the second quarter of this year.

Also during the first quarter, the Ministry of Industry and Trade will apply import and customs quotas or import permits to control the import of products believed to be harmful to people, the environment and plants and animals.

In addition, import controls will continue to be taken to reduce the import of agricultural products, seafood and other processed products, cosmetics and medicines.

The PM also directed the Ministry of Finance to continue providing guidelines on value added tax rebates and shorten customs clearance time and tax final accounts. Meanwhile, the State Bank of Vietnam (SBV) will strictly supervise credit providers to make it easier for businesses to access capital to boost their exports. The SBV will also adjust loans for the import of consumer goods and non-essential products.

The Ministry of Planning and Investment will work alongside the Ministry of Finance to issue regulations and policies to encourage investments from State groups and corporations.