Deputy Prime Minister Le Van Thanh directed relevant ministries and sectors to implement immediate and long-term solutions to remove difficulties in import and export activities through northern border provinces.
In the post-Covid-19 development strategy of Vietnamese textile and garment enterprises, "greening" the production process is a top priority to retain customers and develop and expand international markets. Besides, businesses also have the ambition to export products with their own brands instead of outsourcing for foreign brands.
Deals worth trillions of VND between businesses in the field of deep processing of agricultural and aquatic products promise to produce high-quality products, serving both domestic and export markets.
Vietnam only has about 0.2% of a total of nearly one million Vietnamese enterprises engaged in producing and manufacturing in the supporting industry. This is an alarming number when compared to the business community in this field in other countries in the region.
The economy in 2021 faced unprecedented difficulties due to the Covid-19 pandemic, along with inflation pressure, tightening monetary policies of many countries and the energy crisis. Vietnamese monetary policy had to take on many roles, both support to fight the pandemic and a "medicine" for economic recovery.
Every year, seafood enterprises have to spend hundreds of billions of VND to carry out quarantine for 100% of frozen processed seafood products imported for export processing in order to avoid domestic disease transmission.
After a series of difficulties due to the impact of the pandemic, firms in the supporting industry are gradually regaining their growth when they anticipate opportunities from strengthening cooperation and Free Trade Agreements (FTAs).
Việt Nam’s gross domestic product (GDP) in 2021 expanded by 2.58 per cent on the previous year, despite the adverse impact of the COVID-19 pandemic on all fields of the national economy, according to the General Statistics Office (GSO).
Regarding basic solutions to remove difficulties and congestion of goods at the northern border gates, the Ministry of Industry and Trade recommends reducing spontaneous production and increasing production according to market signals and orders.
As of December 15, Vietnam's import and export turnover reached US$633 billion, setting an impressive record, far exceeding the US$600 billion mark. In the past 10 years, the structure of Vietnam's industry has also changed significantly with the strong rise of high-tech products such as phones, computers, and machinery.
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