Recognising e-commerce as a vital driver of the digital economy, the Mekong Delta province of Vinh Long is actively supporting local enterprises, cooperatives, and farmers in going digital to expand market outlets for regional specialties.
The domestic market is billed as a fulcrum for local enterprises which are facing formidable challenges as the development of the COVID-19 pandemic has had serious impacts on export markets, with postponed or cancelled orders, according to Deputy Minister of Industry and Trade Do Thang Hai.
The European Union-Vietnam Free Trade Agreement (EVFTA), once taking effect, will help increase the competitiveness of Vietnam as well local enterprises and commodities, said Pham Tat Thang, a senior researcher at the Ministry of Industry and Trade’s Trade Research Institute.
Many local enterprises are concerned about paying higher corporate income tax according to regulations on the deductibility of loan interest under Decree 20, in effect from May 1, 2017.
Ho Chi Minh City will need at least 1,000 qualified interpreters and translators annually in the coming years as supply cannot meet demand, an official said at a meeting held this week.
The Hanoi Social Insurance has decided to publicise 500 local enterprises which failed to pay social premiums for their employees for three months upwards.
The capital city of Hanoi has carried out trade promotion plans targeting both traditional and new foreign markets in order to tackle its widening trade deficit, which exceeded the national average in the first five months of this year.
he People’s Committee of the Central Highlands province of Dak Nong organised the second dialogue with enterprises on June 14 to collect feedback and address their difficulties.
Vietnam will reform the structure of export goods and increase quality of export products to strive for sustainable exports and increase its value by this year-end and beyond.
