Working session discusses support to sectors hit by COVID-19

Minister of Industry and Trade Tran Tuan Anh chaired a meeting in Hanoi on February 26 to discuss support to sectors hit by COVID-19 outbreak.
Working session discusses support to sectors hit by COVID-19 ảnh 1At the meeting (Photo: VNA)
Hanoi (VNA) – Minister of Industry and TradeTran Tuan Anh chaired a meeting in Hanoi on February 26 to discuss support to sectorshit by COVID-19 outbreak.

According to the Ministry of Industry and Trade’s IndustryDepartment, Vietnam’s manufacturing and processing sector mostly relies onmaterials and spare parts imported from China, the Republic of Korea and Japan.

The hardest-hit sectors include electricity-electronics;apparel, leather, footwear and handbag; and automobile manufacturing andassembling.

By the end of this year’s first quarter, it is forecast thatautomakers and assemblers will run short of spare parts for manufacturing.

Participants suggested the government direct ministries,agencies and localities to work with Chinese counterparts to consider border restrictionmeasures, thus ensuring sufficient input for domestic production.

They proposed offering incentives to facilitate the switchof manufacturing, especially spare parts, to Vietnam from China.

Deputy Minister Cao Quoc Hung highlighted the need to workwith each association and sector to learn about impact of the epidemic so as tooffer support to businesses in the most effective manner.

The Ministry of Planning and Investment predicted that the addedvalue of the industry sector will hike only 5.18 percent if the epidemic endsin the first quarter, compared to 9 percent and 10.45 percent in the sameperiod of 2019 and 2018, respectively.

If the epidemic is put under control in the second quarter,the figure will rise by 5.33 percent, lower than the 9.24 percent year-on-yearand the 8.34 percent in the same period of 2018./.
VNA

See more

Thang Long ferry at Cau Da port in Ba Ria - Vung Tau province. (Photo: VNA)

Vung Tau - Con Dao high-speed ferry reoperated

The high-speed ferry service connecting Vung Tau city and Con Dao island in the southern province of Ba Ria-Vung Tau and vice versa was resumed on February 7 by Phu Quoc Express JSC after a 5-month suspension.

At the working session between the Vietnam Directorate of Market Surveillance and the US Embassy over counterfeit Sunview-branded raisins in Hanoi on February 7. (Photo: dms.gov.vn)

Vietnam, US tackle counterfeit Sunview-branded raisins

Statistics showed that since 2024, there have been 27 documented cases involving Sunview raisins, resulting in fines of over 536 million VND (21,440 USD), primarily due to the sale of smuggled goods and products of unclear origin.

The VF3 model manufactured by VinFast is the most popular model in Vietnam's market. ( Photo courtesy of the company)

EVs will no longer be exempt from registration fees

Instead of enjoying a zero percent registration fee, battery-powered electric vehicles (EVs) will be required to pay 50% of the fee applicable to internal combustion engine cars with the same seating capacity.

Thuan An Fishing Port (Photo: tuoitrethudo.vn)

Thuan An fishing port opens, boosting Hue’s seafood industry

The second docking area of Thuan An Fishing Port has a minimum cargo handling capacity of 20,000 tonnes per year, and is capable of simultaneously accommodating 500 fishing vessels of at least six metres in length for docking and storm shelter.

Vietnamese prefer buying gold to mark God of Wealth Day (Photo: VNA)

Gold prices up again on God of Wealth Day

Gold prices surged significantly, exceeding the threshold of 90 million VND (3,550 USD) per tael at the opening session of the God of Wealth Day on February 7 (the 10th day of the first lunar month).

Vietnam will complete and develop the national nuclear power infrastructure to support the implementation of the Ninh Thuan nuclear power project, (Illustrative photo: VNA)

Master plan on atomic energy development, application approved

Efforts will be made to urgently complete and develop the national nuclear power infrastructure to support the implementation of the Ninh Thuan nuclear power project, while continuing to carry out the national nuclear power development programme.

Rice for export at Thoai Son Foodstuff One-member Co. Ltd. under Loc Troi Group. (Photo: VNA)

Vietnam works to expand markets, sustain rice export growth

By mid-January, Vietnam had exported 268,700 tonnes of rice, generating nearly 165.7 million USD, up 38.7% in volume and 23.28% in value year-on-year. To sustain exports, authorities are prioritising trade promotion, with the Ministry of Industry and Trade implementing measures to boost rice exports.