Vietnam: Trade Policy and Promotion Project
The Swiss Trade Policy and Promotion Project is a 4-year trade-related technical assistance project in Vietnam which aims to improve trade performance and international competitiveness of MSMEs through enhanced favorable framework condition for trade, public-private dialogue mechanisms, and a strengthened eco-system for dynamic trade promotion. Ultimately, it will contribute to sustainable and inclusive economic growth and poverty reduction in the country. Funded by SECO, ITC will facilitate the update of the national export strategy and the development of a Public-Private Dialogue platform for export development. Vietrade has been mandated to establish a Grants Fund for Business Support Organizations (BSOs) to support exporting SMEs.
Sustainable Development Goals
Tapping into Vietnam’s export potential
Vietnam has experienced impressive economic and social growth and development and taken steps to attract private investment and improve its economic governance, including creating Free Trade Agreements to boost opportunities for small and medium businesses.
According to ITC estimates, Vietnam’s untapped export potential equals $138.4 billion. The largest gaps are in electronic equipment ($46.3 bn), apparel ($17.0 bn), and footwear ($11.3 bn).
Challenges to sustainable growth remain however, and ITC is working to reinforce Vietnam’s national export strategy, its business support organizations and its public-private dialogue. We hope to strengthen the domestic private sector, upgrade production, help integrate environmental sustainability and encourage inclusiveness.