The Covid-19 pandemic has frozen the manufacturing industry, but it is a driving force for digital transformation, improving competitiveness, creating breakthroughs in production and business, towards smart manufacturing.
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The complicated development of the Covid-19 pandemic has had a strong impact on the wood processing and wood export industry. It is expected that in the worst scenario, export turnover in the last months of 2021 will continue to decline as the pandemic is not effectively controlled. The whole year's exports will reach about US$12.69 billion instead of about US$15 billion as per the initial target.
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The constantly increasing international freight rates are forcing Vietnamese exporters to increase orders at CIF prices to retain customers.
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With commitments to open the goods market, offer great incentives in terms of tariffs and import and export facilitations, and thanks to favourable geographical locations and cultural characteristics similarities, the ASEAN market is always wide open for Vietnamese businesses to deploy.
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Mr. Bui Chinh Nghia, Deputy Director of the General Department of Forestry (Ministry of Agriculture and Rural Development) in an interview with Customs News affirmed that, after obtaining positive results in the first half of the year, Vietnam's wood and forest product exports are expected to reach US$15.5 billion for the whole of 2021, an increase of US$1.5 billion compared to the initial target.
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In a document sent to the Economic Committee of the National Assembly on mechanisms and policies to remove difficulties and promote production and business development amid the Covid-19 pandemic, the Chamber of Commerce and Vietnam Industry (VCCI) emphasised the need to pay more attention to small and micro enterprises due to their weak resilience.
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E-logistics is a rather new concept even to the logistics industry in Việt Nam.
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From now until the end of the year, orders of many important export industries such as textiles, wood, aquatic products are quite positive. However, many businesses are worried about production disruption; supply cannot meet demand because of developments of the Covid-19 pandemic in a series of localities across the country.
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Vietnam has many advantages to accelerate exports to the African market, in order to diversify export markets.
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Local businesses are looking at rosy opportunities to boost exports of agricultural products to the UK since the UK-Vietnam Free Trade Agreement came into effect from the outset of this year, but more is needed to turn the opportunities into concrete benefits.
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