The production and business activities of enterprises in Ho Chi Minh City in the second quarter of 2022 have improved a lot compared to the first quarter of 2022. Ho Chi Minh City is actively offering many solutions to help businesses recover.
The added value of the whole industry in the first six months was estimated to increase by 8.48% over the same period last year. In which, the processing and manufacturing industry increased by 9.66%, contributing 2.58% to the increase in total added value of the whole economy, continuing to affirm that the processing and manufacturing industry is still the engine of economic growth.
After a long time lagging behind, Vietnam's processing and manufacturing industry has been making strong breakthroughs, and now leads in attracting foreign investment (FDI).
After struggling with the Covid-19 pandemic, Vietnam's textile and garment industry has achieved impressive export achievements in the first half of 2022. However, the road ahead still contains many challenges, threatening the annual export targets of this industry.
Vietnamese businesses have many opportunities to increase export goods to Thailand, Laos and Cambodia, according to the Trade Promotion Department of the Ministry of Industry and Trade.
At the conference " Opening up the flow of Vietnamese rice grains " held on June 22, Mr. Pham Quang Dieu, director of Vietnam Market Analysis and Forecast Joint Stock Company (Agromonitor), pointed out that the Philippines – Vietnam’s largest rice importer – switched from importing medium-quality rice to high-quality rice, which has created a big nudge for Vietnam's rice industry to focus on high-quality products.
Since the beginning of the year, exports recorded positive growth, but the pandemic situation and the "Zero Covid" policy in China as well as rising input costs could affect export growth in the second half of the year.
In order to strongly promote the export of processed foods to the Japanese market, enterprises must pay special attention to ensuring the quality of goods. It is necessary to establish a close link channel, ensuring synchronization and smoothness in all stages from production to storage, transportation and export.
In the first months of 2022, the number of businesses entering the market increased sharply again, reaching an all-time record. This was possible thanks to the recovery efforts of the economy and businesses. Since then, many businesses have been bolder for their investments, with the expectation of stronger growth.
After more than five months after taking effect, the Regional Comprehensive Economic Partnership (RCEP) has opened up many opportunities for Vietnamese seafood. However, the point of note for seafood enterprises is to learn and well comply with the rules of origin within the bloc as well as closely monitor and ensure the quality of export goods.
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