Business results in October 2021 have shown positive recovery after four months of implementing social distancing. Although the difficulties are not over, with the pandemic under control, businesses have made optimistic forecasts about the prospects in 2022.
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The EU's regulations on pesticide residue levels have frequently changed and been updated recently, requiring Vietnamese enterprises to update information in order to respond to such requirements.
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After nearly two months of reopening the economy in a new normal, many manufacturing and service industries in HCM City have prospered again. The city's economy recorded positive signs.
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Order 248 on "Regulations on registration for enterprises producing imported foreign food" and Order 249 on "Measures to manage import and export food safety" of China will take effect from January 1, 2022. The General Administration of Customs of China has just answered and clarified some key queries of these Orders.
Read more...Many economic experts predict that the pressure to increase prices in the last month of 2021 will be great, especially as this is the peak period for production and business of goods. Therefore, businesses need practical solutions to reduce production and business costs.
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The 2021 Whitebook released by the European Chamber of Commerce in Vietnam (EuroCham) stated that the Vietnamese Government is continuing to reform the business and investment environment in the country to increase the attractiveness of Vietnam as a destination for investment.
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In the process of deep integration into the world economy, many export products of Vietnam have created great competitive pressure in the markets of importing countries, making manufacturing industries of other countries propose the Government to investigate the application of trade remedies.
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The advantage of exporting shrimp to the EU market does not last long, because in just six months to one year, new supply chains will become stable, and it will be difficult for new businesses to penetrate the market. Vietnamese enterprises are taking advantage of the golden opportunity.
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After officially imposing anti-dumping tax and anti-subsidy tax on Thai sugar as well as initiating an investigation to apply anti-circumvention measures against trade remedies for cane sugar products originating from Thailand through five ASEAN countries, the Ministry of Industry and Trade said that in the future, it will evaluate the data and make a decision in accordance with the law. However, the view is not to "blindly protect" the sugar industry.
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Digital transformation is an important solution and an inevitable trend for businesses to survive, improve competitiveness and production efficiency, and participate deeply in the global value chain amid the pandemic.
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