In order to develop the private economy into an important motivation of the economy, many experts believe that it is necessary to create a truly equal competitive environment, the state resource allocation system needs to be reformed to concentrate resources for businesses and projects that have the highest socio-economic efficiency
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Although coffee export value recorded a significant decline in the first two months of the year, coffee exports for the whole year areseen to havemany optimistic factors. In particular, coffee prices will recover after going through a cycle of four consecutive years of price declines.
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Shrimp is the seafood export item with the strongest growth rate in 2020, while shrimp exports continue to record positive signals at the start of 2021. With many favorable conditions for market demand, good competitiveness compared to competitors, the goal of exporting shrimp to the US can reachUS$4 billion in this year.
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Since the beginning of the year, fruit and vegetable exports have recorded remarkable growth, creating a breakthrough for the goal of exporting vegetables and fruits worth about US$4 billion in the whole year.
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Ports and shipping are vital for a well-functioning global economy. According to the International Chamber of Shipping, shipping contributes roughly 90 per cent of the world’s trading. Interestingly, four out of five of the world’s largest terminals are in Asia, as are its 10 largest container ports. Container shipping is growing to keep up with demands in consumer and industrial trade.
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In 2020, although the world and regional economy are heavily influenced by the supply chain disruptions due to the impact of Covid-19, however, the export of goods still increased. In particular, the proportion of high-tech product export value increased from 22.9% in 2016 to 50% in 2020
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Presenting policies to effectively support agricultural businesses is one of central tasks set in the 13th Party Congress Resolution. Nguyen Xuan Cuong, Minister of Agriculture and Rural Development, talked to VIR’s Ho Ha about recent improvements of Vietnam’s agriculture, as well as the measures to enhance competitiveness of local agricultural businesses and the whole sector alike.
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Việt Nam’s Transport and Logistics Statistical Yearbook 2019 showed the total length of the country's road system is 630,564km but the total length of the highways is less than 2,000km. The lack of infrastructure connecting road to seaports such as domestic container ports or modern logistics centres has made logistic costs in Việt Nam uncompetitive.
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Ngô Thúy Quỳnh, deputy director of Petroleum and Coal Department under Ministry of Industry and Trade spoke to Công Thương (Industry and Trade) newspaper about the master plan for development of Việt Nam's petroleum industry.
To simultaneously achieve two economic growth goals associated with macro stability and ensuring social security, according to Politburo member, Head of Central Economic Commission, Minister of Industry and Trade Tran Tuan Anh, the continued recovery, bringing the economy back to normal must be placed in the new context of the year 2021 with full opportunities and favorable conditions, as well as a full awareness of challenges and pressures.
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