Since the beginning of the year, fruit and vegetable exports have recorded remarkable growth, creating a breakthrough for the goal of exporting vegetables and fruits worth about US$4 billion in the whole year.
Ports and shipping are vital for a well-functioning global economy. According to the International Chamber of Shipping, shipping contributes roughly 90 per cent of the world’s trading. Interestingly, four out of five of the world’s largest terminals are in Asia, as are its 10 largest container ports. Container shipping is growing to keep up with demands in consumer and industrial trade.
In 2020, although the world and regional economy are heavily influenced by the supply chain disruptions due to the impact of Covid-19, however, the export of goods still increased. In particular, the proportion of high-tech product export value increased from 22.9% in 2016 to 50% in 2020
Presenting policies to effectively support agricultural businesses is one of central tasks set in the 13th Party Congress Resolution. Nguyen Xuan Cuong, Minister of Agriculture and Rural Development, talked to VIR’s Ho Ha about recent improvements of Vietnam’s agriculture, as well as the measures to enhance competitiveness of local agricultural businesses and the whole sector alike.
Việt Nam’s Transport and Logistics Statistical Yearbook 2019 showed the total length of the country's road system is 630,564km but the total length of the highways is less than 2,000km. The lack of infrastructure connecting road to seaports such as domestic container ports or modern logistics centres has made logistic costs in Việt Nam uncompetitive.
Ngô Thúy Quỳnh, deputy director of Petroleum and Coal Department under Ministry of Industry and Trade spoke to Công Thương (Industry and Trade) newspaper about the master plan for development of Việt Nam's petroleum industry.
To remove difficulties for businesses, the Vietnam Steel Association proposes the Ministry of Finance to direct local tax authorities to extend tax payment time and budget revenues of steel enterprises to avoid putting more pressure on the business.
Despite the export restrictions due to the high rise in sea freight, seafood export in the first two months of the year saw good growth as a number of commodities increased strongly.
As reflected by exporting enterprises, since the end of 2020, container shipping rates have continuously increased from US$1,000/20-foot containerto nearly US$5,300/20-foot container. For a 40 feet container, this price was even higher, making it difficult for exporting businesses.
Tea exports at the beginning of 2021 recorded strong growth over the same period last year. However, the difficulties from Covid-19, as well as a series of inherent weaknesses, including buying, selling, not controlling food quality, safety is a big problem for the Vietnamese tea industry if this industry wants to reach out further.
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