Most cooperatives have been harmed by the COVID-19 pandemic while only a small proportion of them have benefited from supportive policies, heard a forum held by the Việt Nam Cooperative Alliance (VCA) and the United Nations Development Programme (UNDP) yesterday.
Vietnam has been planning its 10-year socio-economic development strategy until the end of this decade, further renewal of the nation’s growth model needs to be promoted, with one of the key solutions to be placed on fostering the application of digital solutions. However, challenges remain among many businesses.
From the beginning of the year, the export of wood and wood products recorded impressive growth. Orders of many businesses are quite abundant with positive market signals; the wood industry has a favorable start towards the target of exporting US$14 billion for the whole year
Recently, many regulatory agencies have warned businesses about fraudulent offers to sell, buy goods, sign international commercial transactions online with new companies. Many businesses have "fallen into a trap", so they must raise their guard in the difficult context of trade because of the effects of the pandemic.
The VCCI proposed that supporting policies in the coming time should be of a longer term nature.
On improving the National Capacity Index of Logistics, Assoc. Dr. Pham Tat Thang, senior researcher of the Ministry of Industry and Trade, said that the most important thing is a comprehensive policy to develop the logistics market.
The ASEAN Customs Transit System (ACTS) is a secure distributed online IT system designed to make movement of goods in transit across the borders of ASEAN countries quicker and easier.
In order to develop the private economy into an important motivation of the economy, many experts believe that it is necessary to create a truly equal competitive environment, the state resource allocation system needs to be reformed to concentrate resources for businesses and projects that have the highest socio-economic efficiency
Although coffee export value recorded a significant decline in the first two months of the year, coffee exports for the whole year areseen to havemany optimistic factors. In particular, coffee prices will recover after going through a cycle of four consecutive years of price declines.
Shrimp is the seafood export item with the strongest growth rate in 2020, while shrimp exports continue to record positive signals at the start of 2021. With many favorable conditions for market demand, good competitiveness compared to competitors, the goal of exporting shrimp to the US can reachUS$4 billion in this year.
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