The Regional Comprehensive Economic Partnership (RCEP), which took effect from January 1, is expected to become a new momentum accelerating trade and subsequently post-pandemic economic recovery by forming a stable and long-term export market for Vietnam and other ASEAN countries and creating a legally biding foundation for an equal trade environment in the region.
There are now many favourable conditions for shrimp export, including growing prices - an important factor for processors and exporters to swiftly recover after a long social distancing period.
The Ministry of Planning and Investment (MPI) has coordinated with relevant ministries, sectors, agencies and localities to build a draft resolution on supporting and developing businesses in the 2021-2025 period, with a target of about 710,000 newly-established enterprises in the period.
The Ministry of Planning and Investment has said that it is coordinating with relevant ministries, agencies and localities to build a national economic restructuring plan for the 2021-2025 period, with an aim to creating a breakthrough change in the growth model towards higher productivity, quality and competitiveness.
The Mekong delta province of Ben Tre has set goals to have at least four agricultural value chains worth 1 billion USD, according to a recently-approved project on promoting the export of agro-forestry-fisheries products in the province to 2030.
A programme to promote cross-border trade connectivity between India and countries in the Greater Mekong Sub region (GMS) was jointly held by trade promotion agencies of Vietnam, India, Thailand and Cambodia on August 19.
The COVID-19 pandemic is highlighting the urgent need for promoting the development of part-supply industries to enable enterprises to be more resilient to shocks or disruptions to global supply chains.
A workshop entitled “Turning Adversity into Opportunity: ASEAN’s Participation in Global Value Chains in a-Post COVID World” took place via videoconference on May 5, drawing representatives of 21 ASEAN bodies from the ASEAN Economic and Socio-Cultural Communities.
The website Vietnam Briefing run by Dezan Shira & Associates on March 30 posted an article spotlighting Vietnam’s integration into the global value chains (GVCs) and the differences between the supply chain of Vietnam and those of other countries, as well as an overview of the country’s electronics sector.
The Vietnam Oil and Gas Group (PetroVietnam) has maintained its good production and business, with many targets overfulfilled, during the first two months of this year.
Vietnam is to have 280,000 ha of marine aquaculture area and 10.5 million cubic metres of farming cages by 2025, according to the Ministry of Agriculture and Rural Development (MARD).
Farming households in the Cuu Long (Mekong) Delta need to apply high-tech practices to develop value-added agricultural products that can enter global value chains, Lê Minh Hoan, deputy minister of Agriculture and Rural Development, has said.
Vietnamese enterprises should dig into new technologies to improve product quality and brands so as to better engage in the global value chains, Minister of Industry and Trade Tran Tuan Anh has said.
Vietnam will continue with the building of a modernity-oriented agricultural sector with complete value chains in 2021, according to Minister of Agriculture and Rural Development Nguyen Xuan Cuong.
The mammoth trade deal Regional Comprehensive Economic Partnership (RCEP) is expected to unlock more export markets for Vietnamese agricultural products, according to insiders.
The recently-signed Regional Comprehensive Economic Partnership (RCEP) agreement will create opportunities for Vietnam’s agricultural products to extend their reach in the region and the world, experts have said.
Vietnam will develop the collective economy in the direction of building product value chains, increasing its contribution to domestic economic development, Deputy Prime Minister Trinh Dinh Dung said at a forum held by the Ministry of Planning and Investment and the Vietnam Cooperative Union in Hanoi on December 11.
Companies in the supporting industry will get an interest rate subsidy from next year in an effort to promote the development of the part-supply industry, said Pham Tuan Anh, Deputy Director of the Industry Agency under the Ministry of Industry and Trade.
The Cuu Long (Mekong) Delta province of Dong Thap plans to increase the area under fruits cultivation to more than 35,000ha by 2025 with a focus on environment-friendly farming methods and developing value chains for fruits.
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