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Excess of imports over exports and some measures for its limitation

From 1990 to now, excess of imports over exports always occured in Vietnam (except 1992, excess of exports over imports was 36 million US dollars. In recent years, excess of imports over exports has s

 In Vietnam,  in recent years, the rate of excess of imports over exports have showed a high level, mainly import of machinaries and equipments, materials serving for investment requirements (occupying 97 percent in 2007). A high density showed in import of raw materials, semifinished products, reaching over 60 percent in the period of 1991 – 2000 and 57 percent in the period of 2001 – 2007. A low density showed in import of machinaries and equipments (average of 28.7 percent in the period of 1991 – 2000 and 27 percent in the period of 2001 – 2007. A small quanlity showed in service import and no any inventions.

Some measures for treatment of excess of imports over exports: In order to limit excess of imports over exports, in past years, some measures have been applied for the Government, ministries and organizations such as: Stimulate to develop export, controlling import, regulating foreign exchange, transfering economic patterns, attracting foreign investments, against smuggling and trade cheat etc... 

Some measures for limitation of medium and small excess of imports over exports

Stimulated policies have laid down by the Government, namely, an increase of export value density in total export turnover, DRC coefficent has been improved in export processing products as well as import processing products for export.

Import development planning has been built early which must connect with export development planning towards 2015.

Ministry of Industry and Trade coodinates with the ministries and organizations as well as the provinces and cities, carrying out programme for controlling main import commodities, clue import units and companies for each commodity, for limitation of import. At the same time, Ministry of Industry and Trade presided to emphasize, evaluate and forecast trading pattern in Vietnam with main trade partners in order to define bilateral trade benifits and negotiating with each partner, increase of export and reduction of  excess of imports over exports etc...v

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