Keyword: "Ministry of Industry and Trade (MoIT)"

The Ministry of Industry and Trade (MoIT) will continue to focus on and tie into solutions to develop foreign exports, in which Northeast Asia and its prime markets, is one of the focal points.

A strong rise in goods consumption without any shortage or price hikes during the Lunar New Year (Tet) festival is considered a push for the growth of the domestic market in the whole year.

To promote responsible business in e-commerce, the Ministry of Industry and Trade (MoIT) actively protects the rights and interests of consumers.

The target of 700 billion USD in import-export revenue for this year is a tough one amid current difficulties in the global market, said insiders.

A seminar on developing human resources experts for efficient implementation of free trade agreements (FTAs) has been held in Hanoi by the Cong Thuong magazine of the Ministry of Industry and Trade (MoIT).

The Ministry of Industry and Trade (MoIT) is close monitoring rice production and the world rice market with a view to promptly tackling arising problems and facilitating rice production, business and export.

Craft villages of Vietnam are mostly small scale, and need to foster linkages in production to be more competitive in both domestic and international markets, according to experts.

Digitalising trade promotion activities and the application of information technology are important aspects of the country’s strategy for building a digital government, digital economy, and digital society, said Vu Ba Phu, Director of the Vietnam Trade Promotion Agency (Vietrade) under the Ministry of Industry and Trade (MoIT).

The distribution systems of foreign retailers have become an effective and sustainable export channel, and the Ministry of Industry and Trade (MoIT) will continue to support domestic firms to make the most of this channel, said Deputy Minister of Industry and Trade Do Thang Hai.

The Vietnamese retail sector has recovered to the pre-COVID-19 level, with 53.8% of total retailers reporting similar or better business outcomes, according to Vietnam Report JSC.

The Ministry of Industry and Trade (MoIT) will continue to design more plans to effectively implement the campaign of encouraging Vietnamese to prioritise Vietnamese products, while speeding up administrative reform to gain public confidence, according to Deputy Minister Do Thang Hai.

The Ministry of Industry and Trade (MoIT) asked the Ministry of Finance (MoF) and the State Bank of Vietnam (SBV) to review and adjust the cost of importing petrol and oil, standard business costs and profit based on trading realities.

Domestic businesses showed positive signs of recovery, exports increased and supply chains resumed in the first months of this year, experts have said.

While many exporters and producers had orders for 2022, they are worried about a possible shortage of production materials because of supply disruptions from China.

The Ministry of Industry and Trade (MoIT) has issued Decision No. 706/QD-BCT on the imposition of temporary anti-dumping tax rates on some types of welding materials of the Malaysian, Thai and Chinese origins.

The Ministry of Industry and Trade (MoIT) on April 5 held a conference to evaluate trade promotion activities in the first quarter of this year and seek ways to help localities, economic sectors and businesses surmount difficulties and build strategies to expand international trade activities in the new situation.

The Ministry of Industry and Trade (MoIT) welcomes offers given by developed countries, including the UK, to support Vietnam in building legal frameworks and provide Vietnam with necessary technologies, experience and capital to develop renewable energy in order to realise commitments at the 26th UN Climate Change Conference (COP26), stated Deputy Minister Dang Hoang An.

The Ministry of Industry and Trade (MoIT) will apply various measures to promote intrinsic strengths for a better year for the sector in 2022, Minister Nguyen Hong Dien told the media on the threshold of the Lunar New Year.

The Ministry of Industry and Trade (MoIT) has forecast that total import-export revenue this year may reach a new record, at between 640 - 645 billion USD, with a slight trade deficit.

Boosting the development of the supporting industry is considered an important solution to help improve the quality and competitiveness of the Vietnamese economy and better serve the processing-manufacturing sector.