Recently, localities have received many foreign investment (FDI) projects in the wood and forest product processing industry. However, along with them are outstanding worries about "underground" investment and "shadow" investment, putting Vietnamese wood at risk of trade defence investigations, especially against tax evasion.
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The support policies for small and medium enterprises have been brought into full play, helping enterprises to overcome difficulties caused by the Covid-19 pandemic.However, despite a long period of implementation, many businesses still have difficulty accessing them and somedo not know the supporting policies yet.
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The US$300-billion export target set in early 2020 remains challenging, requiring not only strong efforts from local enterprises, but also the recovery of global demand amid complicated COVID-19 situation.
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As the United Kingdom began a transition period on its way to leaving the EU in January, meaning the free trade deal between Vietnam and EU members is only valid for the UK until the end of the year, Vietnam and the UK worked quickly towards signing a UK-Vietnam Free Trade Agreement (UKVFTA) to develop the cooperative relationship between the two.
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Despite the challenges posed by the COVID-19 pandemic, a number of companies in various sectors have adopted “flexible-thinking and innovative changes” to survive the effects of the pandemic.
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With the advantages to enlarge investment space, the Regional Comprehensive Economic Partnership is expected to add opportunities for Vietnam’s foreign funding inflows on the back of new motivations and trends.
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The Government Office has issued an official letter to convey the Prime Minister's direction to ministries to monitor the development and handle the congestion of fishery products exported to China.
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Since launching doi moi over three decades ago, Vietnam has positioned itself as one of the top exporters for many goods, with logistics playing a vital role in the process. However, in recent years, the country’s logistical infrastructure has lost some of its momentum, threatening to reduce the nation’s competitiveness on the global stage despite new free trade agreements.
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The dependence on imported industrial materials has made Vietnam's product prices less competitive, reducing the autonomy of domestic production. If we want to stop importing all kinds of things, the key solution is breakthrough and methodical investment for the material industry, especially in science and technology.
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Supporting enterprises in applying digital technology amid the surge of the Fourth Industrial Revolution and the health crisis will be among the keys for Vietnam to achieve sustainable development and high growth.
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