Closing 2021 with turbulence and the import-export turnover hitting US$668.5 billion, entering 2022, import and export of goods are forecasted to continue to have high growth opportunities, making an important contribution to economic recovery. Also, making effective use of Free Trade Agreements (FTAs) has been and will be an important driving force for imports and exports.
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2021 was full of difficulties, but foreign direct investment (FDI) into Vietnam still increased, showing investors' confidence in the business investment environment and Vietnam remained an attractive destination.
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In recent times, the pressure of competition with imported sugar and the existing shortcomings in the supply chain of the whole sector have set many challenges for Vietnamese sugar. Thus, to enhance competitiveness and substantial development, there needs to be appropriate policies.
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The current profit of Vietnamese sugarcane growers is much lower than that of growers in other countries such as Thailand, Indonesia and the Philippines. This does not create motivation for sugarcane growers to participate in production. VCN - At the seminar entitled “Towards sustainable development of Vietnam’s sugar industry” jointly held by Forest Trends on January 21, many issues about the competitiveness of the Vietnam sugar industry with countries in the region were pointed out.
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In 2022, the Ministry of Agriculture and Rural Development determined to focus on improving quality, increasing competitiveness and accessing the market for agricultural products; increasing the export of agricultural products having advantages and expanding the official export markets of key products.
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The Covid-19 pandemic has caused businesses to face many risks, with great and possibly long-lasting damage. In that context, institutional reform, creating a really open, convenient and safe business environment is the "non-financial" solution package expected by businesses; is an effective way to help businesses and the economy recover and develop.
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Despite production disruption due to the blockade for pandemic prevention and control, seaport exporters has still recorded a positive recovery thanks to the reopening of import markets, helping to increase the demand for food.
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As commitments to reach net-zero greenhouse gas emissions by 2050 increase across the globe, the question of how these commitments can benbsp;met andnbsp;the corresponding economic transformation managed becomes ever more central.
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In 2022, in addition to repelling the pandemic and promoting economic growth, Vietnam also faces the challenge of how to create a better impetus for economic recovery. Notably, the growth rate of 6-6.5% in 2022 is not only a high goal to strive for, but also serves as a springboard for the realization of the growth target of the 2021-2025 term.
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In 2022, The Ministry of Planning and Investment will promote the rearrangement of the economy associated with reforming the growth model, enhancing the productivity, quality, effectiveness and competitiveness of the economy. Additionally, the ministry will also develop the private economy, strengthen the connection between the regional FDI sector with the domestic sector and encourage enterprises to invest in agriculture.
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