Sutchi pangasius’ export in 2021 will reach over US$1.5 billion, with the figure set for 2022 at over US$1.6 billion. However, the farming area of Sutchi pangasius, in July and September of 2021, has decreased sharply compared to the same period in 2020. As a result, there may be a shortage of raw materials for processing in January-March of 2022.
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Dr. Nguyen Duc Do, Deputy Director of the Institute of Economics and Finance (Academy of Finance), said that despite many influencing factors, it was forecast that inflation in 2022 would be around 3%.
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From 2011 to 2021, the scale of Vietnam's import and export turnover increased by more than US$400 billion.
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After the "new normal", business activities in Ho Chi Minh City have quickly gained momentum, but profits have not yet recovered. This is due to the heightened price of input materials and transportation. In addition, difficulties in capital make it difficult for businesses to implement "resuscitation" plans.
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The Central Economic Commission chaired and coordinated with relevant central ministries to organize the third annual Industry 4.0 summit. The theme was "Creating a sustainable post-Covid-19 social-economic recovery & promoting industrialization and modernization in the digital era".
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According to Mr. Le Trieu Dung (photo), Director of the Trade Remedies Department (Ministry of Industry and Trade), enterprises in export industries, as well as industries subject to the competition of imported goods in the domestic market, need to consider tools and measures. Trade remedies are an indispensable element in the business environment. From there, enterprises must effectively devise strategies for production, market and response.
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In recent years, the export of agricultural and aquatic products to Russia has improved markedly, but it still accounts for a very small market share in the total imports of agricultural and aquatic products of Russia. Overcoming non-tariff barriers, promoting trade promotion, ensuring uniform supply and large quantities are important notes for businesses when they want to promote exports to Russia.
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In agriculture, digital transformation is a positive solution that can overcome the inherent weakness of fragmented and small production and form value chains and effective production linkages. Successful digital transformation in agriculture will be an important factor for success in national digital transformation.
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After nearly a year since coming into force, the UK-Việt Nam Free Trade Agreement (UKVFTA) has boosted the bilateral trade significantly despite the negative impact of the Covid-19 pandemic. The spare room for Vietnamese goods to the UK market is still available providing that exporters meet the prerequisite of “stepping out of the safe-zone” and carefully grasp market information.
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Emphasizing the spirit of "living " with trade lawsuits, management agencies at all levels from the central to local levels have determined that they will enhance the effectiveness of trade remedies to effectively respond to lawsuits, and at the same time ensure reasonable protection of domestic production.
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