According to Mr. Tran Thanh Hai, Deputy Director of the Import-Export Department (Ministry of Industry and Trade), besides favorable factors, exporting goods will face certain difficulties. Typically, the Russia-Ukraine conflict is hurting the supply of production materials; transportation and logistics costs keep escalating over the past two years with no sign of "cooling down".
In 2021, the prices of fertilizers have increased sharply due to the need to recover agricultural production, the escalating price of input materials and high transportation charges. In 2022, fertilizer businesses will continue to benefit from new tax policies and prices.
Many high costs related to freight transportation place a large burden on businesses. Experts say that it is necessary to diversify forms of transport of import and export goods to avoid dependence and reduce costs for businesses.
According to Dr. Nguyen Dinh Cung, former director of the Central Institute for Economic Management (Ministry of Planning and Investment), the Covid-19 pandemic has "slowed" reform efforts to improve the business environment. In order for the Covid-19 recovery process to have the best results, businesses are in need of an open, safe, and free business environment that removes all barriers.
Vietnam has joined many new-generation free trade agreements (FTAs) with comprehensive and high-quality commitments, including commitments on intellectual property (IP). According to Ms. Nguyen Thi Thu Trang, Director of the Center for WTO and Integration, Vietnam Confederation of Commerce and Industry (VCCI), Vietnamese businesses must pay more attention to the legal provisions on IP and authorities need to internalize IP commitments in the most beneficial way for businesses.
Although Vietnam has not yet joined agreements on cooperation in the digital economy, Vietnam also needs to think about amending the Intellectual Property Law in the direction of anticipating this trend of international cooperation in order to proactively make the necessary preparations.
According to Mr. Tran Quang Bao, Deputy Director of the General Department of Forestry (Ministry of Agriculture and Rural Development), "The project on developing macadamia nut trees in the 2021-2030 period with a vision to 2050" will orient the development goals and solutions of promoting sustainable macadamia in the future in order to gradually turn Vietnam into one of the leading countries in the world in terms of growing, processing and exporting macadamia products.
To penetrate the Turkish market, Vietnamese goods need to improve their competitiveness in terms of cost, price, and ensure quality in accordance with the market's technical standards.
The conflict between Russia and Ukraine is causing many difficulties for Vietnamese enterprises that have import-export relations with these markets. Smart behavior not only helps to avoid risks, but also can seize opportunities when the market changes.
The country's socio-economic recovery is creating great challenges but also contains many new opportunities for the country to rise and develop. The most important factor, according to many experts, is self-control and self-reliance. This will help Vietnam "rise" significantly to overcome the current global fluctuations.
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