Talking to Customs News, Mr. Tran Thanh Hai, Deputy Director of the Import-Export Department (Ministry of Industry and Trade), said that, with the Regional Comprehensive Economic Partnership (RCEP), Vietnamese enterprises have more selection of preferential levels. At the same time, the ability to accumulate raw materials is also greater. This is a direction for businesses to promote and take advantage of in the near future.
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According to the World Bank (WB), Vietnam's service sector will gradually bounce back as consumers and investors regain confidence, while the manufacturing and processing industries will benefit from stable demand from the US, EU and China.
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Effectively exploiting Free Trade Agreements (FTAs), especially new-generation FTAs, is one of the important reasons for exports to earn an impressive figure of over US$336 billion in 2021. This continues to be seen as a key driving force contributing to realizing the export target of over US$356 billion in 2022.
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At the beginning of each year, the Government issues Resolution 02 on key tasks and solutions to improve the business environment and enhance national competitiveness. Resolution 02 in 2022 is expected to promote the reform of the business environment from previous years.
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Deputy Prime Minister Le Van Thanh directed relevant ministries and sectors to implement immediate and long-term solutions to remove difficulties in import and export activities through northern border provinces.
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In the post-Covid-19 development strategy of Vietnamese textile and garment enterprises, "greening" the production process is a top priority to retain customers and develop and expand international markets. Besides, businesses also have the ambition to export products with their own brands instead of outsourcing for foreign brands.
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Deals worth trillions of VND between businesses in the field of deep processing of agricultural and aquatic products promise to produce high-quality products, serving both domestic and export markets.
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In order for Ho Chi Minh City to return to its leading position as the locomotive of economic growth in the southern region and the whole country, in 2022, the city needs to focus on solving four key tasks.
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Vietnam only has about 0.2% of a total of nearly one million Vietnamese enterprises engaged in producing and manufacturing in the supporting industry. This is an alarming number when compared to the business community in this field in other countries in the region.
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The economy in 2021 faced unprecedented difficulties due to the Covid-19 pandemic, along with inflation pressure, tightening monetary policies of many countries and the energy crisis. Vietnamese monetary policy had to take on many roles, both support to fight the pandemic and a "medicine" for economic recovery.
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