Vietnam exported US$610 million worth of fruit and vegetables in the first two months of 2021, up 14.6% over the same period last year, providing hope that the sector will record strong growth in 2021.
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In recent years, the Government has made decisions and policies to facilitate the development of logistics across the country, creating conditions for logistics enterprises to boldly invest in expansion and modernization.
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Since it took effect, the Vietnam-EU Free Trade Agreement (EVFTA) has had a significant impact on boosting Vietnam's exports to the EU. Notably, thanks to the EVFTA, Vietnam's agricultural products are expected to have more "leverage" to penetrate deeper into the market of Northern European countries - where previously they mainly preferred importing goods from European countries.
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The latest statistics of the General Department of Customs show that the total import and export value of Vietnam from March 1 to 15 reached US$26.36 billion, increased by22% (equivalent to US$4.76 billion) compared to the second half of February 2021.
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Most cooperatives have been harmed by the COVID-19 pandemic while only a small proportion of them have benefited from supportive policies, heard a forum held by the Việt Nam Cooperative Alliance (VCA) and the United Nations Development Programme (UNDP) yesterday.
Vietnam has been planning its 10-year socio-economic development strategy until the end of this decade, further renewal of the nation’s growth model needs to be promoted, with one of the key solutions to be placed on fostering the application of digital solutions. However, challenges remain among many businesses.
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While many developed countries have been struggling with the pandemic, Vietnam has maintained a trade surplus of nearly $1.29 billion in the first two months of 2021. However, a large portion of this relies on foreign-invested enterprises, a fact that government officials and economists want to balance with their domestic counterparts.
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From the beginning of the year, the export of wood and wood products recorded impressive growth. Orders of many businesses are quite abundant with positive market signals; the wood industry has a favorable start towards the target of exporting US$14 billion for the whole year
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Recently, many regulatory agencies have warned businesses about fraudulent offers to sell, buy goods, sign international commercial transactions online with new companies. Many businesses have "fallen into a trap", so they must raise their guard in the difficult context of trade because of the effects of the pandemic.
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The VCCI proposed that supporting policies in the coming time should be of a longer term nature.
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