The World Bank (WB) has issued an update on Vietnam’s macro-economy for May, in which it said the economy may prosper again after social distancing measures were eased nationwide on April 23.
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The Ministry of Industry and Trade (MoIT) and Việt Nam Chamber of Commerce and Industry (VCCI) on Thursday signed a co-operation agreement to support businesses after the COVID-19 pandemic.
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The first four months of the year saw both the export and import turnover of foreign-invested economic sectors through ports in Ho Chi Minh City enjoy high levels of growth as the state economic and non-state economic sectors endured severe drops due to the impact of the recent global economic downturn.
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Minister of Industry and Trade Tran Tuan Anh, in his capacity as Chairman of ASEAN Economic Ministers, held a phone call with ASEAN Secretary General Lim Jock Hoi on May 6 to discuss plans on the pathway to economic recovery as well as the state of regional supply chains following the novel coronavirus (COVID-19) pandemic.
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The Ministry of Finance (MoF) and the Ministry of Industry and Trade (MoIT) have failed to find common ground with regards to tax policies for Việt Nam’s support industry enterprises.
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According to the Ministry of Agriculture and Rural Development, in the first four months of 2020, the total import-export turnover of agricultural, forestry and fishery products is estimated at nearly US$21.1 billion.
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Việt Nam needs policies to promote the sustainable development of businesses after the COVID-19 pandemic ends, according to the Việt Nam Chamber of Commerce and Industry (VCCI).
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Regarding submitting C/O for implementing cargo clearance, enterprises could submit the scanned files of C/O (in PDF format) when implementing customs procedures.
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The domestic textile and garment industry faced an export value reduction in the first four months of this year due to difficulties in production due to the COVID-19 pandemic.
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The Industry and Trade Ministry will promote the restructuring of industrial production sectors, especially the support industry, due to difficulties in production during the novel coronavirus (COVID-19) pandemic.
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