Viet Nam has set targets of exporting 5.4 billion USD worth of products to China by 2010 and 11.1 billion USD by 2015.The targets were set under a plan recently approved by the Minister of Trade to ratchet up bilateral trade between the two neighbours during the 2007-2015 period.

The Ministry of Trade said in order to curb the trade deficit with China, it will be necessary to place an emphasis on producing products which have competitive advantages over Chinese goods and which can replace imports from China.

According to the ministry, the Steering Committee on Border Trade will ramp up negotiations and the signing of agreements between the two countries in order to facilitate the exchange of commodities and market research.

BVOM.com, August 8, 2007