Prime Minister Nguyen Xuan Phuc has urged concerted efforts to turn Vietnam into an agriculture powerhouse with a modern and effective farm produce processing industry during a conference between the Government and localities in Hanoi on December 29.
More than 150 booths introducing innovative solutions and products will be open at the Vietnam International Innovation Expo 2021 (VIIE 2021), a press conference held in Hanoi on December 29 was told.
Vietnam has worked to develop the domestic market with a population of nearly 100 million people in the context that the COVID-19 pandemic has disrupted the global supply chains, said Minister of Industry and Trade Tran Tuan Anh.
Retailers in HCM City are focusing on stimulating demand for the Lunar New Year (Tet) holiday in February and ensuring that supply is adequate and food safety standards are met.
The purchasing power in the domestic market is expected to increase by between 15-20 percent from now until the 2021 Tet (Lunar New Year), with food products seeing the strongest rise.
Vietnam has verified, rated, and recognised a total of 3,200 products as “One Commune, One Product (OCOP)” goods this year, 800 higher than planned, according to the Ministry of Agriculture and Rural Development.
The UK-Vietnam Free Trade Agreement (UKVFTA), expected to come into force in the beginning of 2021, is promising several export opportunities to the European market for Vietnamese garment-textile and footwear enterprises.
Vietnam’s retail sales growth will bounce back to pre-COVID-19 levels next year, reaching 8.5-9 percent year-on-year, according to VNDirect Securities.
Vietnam boasts huge potential to increase shipments to Mexico, Peru and Chile – the three Latin American nations having high tariff-reduction commitments under the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP).
Vietnam moved up four grades to become the second largest exporter to the US in 2020, with its export turnover to the country surging 24.5 percent to an estimated 76.4 billion USD.
The Vietnam Trade Office in Algeria has introduced a 65-page handbook on doing business with Benin in a bid to equip Vietnamese enterprises with information on the market and tips for successful transactions.
With people afraid to visit public places like supermarkets because of COVID-19, e-commerce floors have become a convenient and safe shopping place for Tet items.
The United Nations General Assembly approved Vietnam’s initiative with a resolution proclaiming December 27 as the International Day of Epidemic Preparedness. Prime Minister Nguyen Xuan Phuc delivered a message on the Day (December 27,2020).
Ho Chi Minh City will continue to move its ports to its outskirts to ease congestion on roads outside them and build new ones under a national port master plan for 2020-2030.
The prospect of the ASEAN-Russia ties was at centre of attention at a recent round-table conference held by the Russian International Affairs Council (RIAC).
The General Department of Vietnam Customs has intensified a drive to crack down on the fraudulent practice of giving foreign goods a fake Vietnam origin in an illegal attempt to take advantage of export tax incentives that the country enjoys under free trade agreements.
The purchasing power in the domestic market is expected to increase by between 15-20 percent from now until the 2021 Tet (Lunar New Year), with food products seeing the strongest rise, said Tran Duy Dong, Director of the Ministry of Industry and Trade (MoIT)’s Domestic Market Department.
The General Department of Vietnam Customs has put forward various policies to accelerate public administrative reforms and support domestic exporters and importers since the beginning of this year in response to the impacts of the COVID-19 pandemic.
Ho Chi Minh City will continue to move its ports to its outskirts to ease congestion on roads outside them and build new ones under a national port master plan for 2020-2030.
Politics
