Vietnam's new import and export strategy has been approved to triple total export turnover in 2020.

Under the strategy for 2012-20 and its vision to 2030, it sets out specific targets to reach an average export growth rate of between 11-12 percent a year between 2012-20.

The strategy aims for an average annual export growth rate of 12 percent between 2011-15, 11 percent for 2016-20 and 10 percent for 2021-30. The growth rate of imports was expected to be lower than the export growth rate.