In an interview with Customs News, Dr. Le Quoc Phuong, former deputy director of the Information Center for Industry and Trade (Ministry of Industry and Trade), said that four major policy groups have been implemented, including domestic trade liberalization, promotion of international economic integration, upgrading of soft infrastructure and upgrading of hard infrastructure that have promoted the imports and exports of Vietnam.
Talking to Customs News, Dr. To Hoai Nam, Standing Vice Chairman and General Secretary of the Vietnam Association of Small and Medium Enterprises, said that small and medium enterprises face more challenges in the process of integration and making effective use of free trade agreements (FTA) due to many internal obstacles and legal regulations.
The Covid-19 pandemic has pushed a series of businesses into unprecedented difficulties, of which many have had to leave the market. However, in contrast, other industries and businesses can successfully reverse the flow thanks to unexpected advantages created in the context of the pandemic. In the midst of this difficulty, many records of profits were set.
For the first time in the history of Ho Chi Minh City since the renovation period, HCMC's economy in 2021 will shrink 6.78%. In that gloomy picture, the import and export activities of enterprises, as well as the collection of the State budget in Ho Chi Minh City, are considered outstanding highlights.
Since the US Department of Commerce decided to apply the highest ever tariff rate (over 412 per cent) for raw honey imported from Việt Nam, which exports more than 90 per cent of its honey to the US, small honey companies have been like a beehive under attack.
As another year of Covid-19 has passed, most enterprises are still negatively affected. However, supportive policies have been issued simultaneously and are gradually taking effect on enterprises, bringing expectations of recovery and development in the near future.
Given inflation in 2022, Ms. Nguyen Thu Oanh, Director of the Price Statistics Department (General Statistics Office) said, entering 2022, inflation pressure is very great. Due to the high capability of Covid-19 control in 2022, the inflation rate will be affected by the global escalation of raw material prices such as gasoline, coal and transportation.
As a key export product of Vietnam's seafood sector, pangasius exports in the past two years have suffered many obstacles. Businesses expected that in 2022 there would be opportunities for pangasius exports to increase.
Meeting regulations on the rules of origin and solving problems in logistics are important solutions to accelerate exports to Latin America in the near future.
Thanks to careful preparation, attracting investment capital is still one of the bright spots of Vietnam's economy in 2021, with a total of newly registered, adjusted and contributed capital to buy shares, buying capital contribution from foreign investors reached US$26.46 billion.
| The site is done with the technical support of the project BWTO |
