To develop the support industry for the leather and footwear sector, the State should have policies to encourage the development of new materials, according to the Việt Nam Leather and Footwear Association (Lefaso).
Strengthening the application of trade defence instruments would be necessary for Việt Nam, which was among countries with the highest economic openness level, according to the Ministry of Industry and Trade.
Việt Nam's support industry is struggling to attract foreign investment as big companies look for alternative options to China during the COVID-19 pandemic.
Instead of adopting the age-old “sell in May and go away” strategy, and focusing on months with traditionally stronger market growth, investors now could be more bullish about a stock rally, buoyed by optimism about a gradual reopening of businesses.
Vietnamese lawmakers are scheduled to consider the ratification of the European Union – Vietnam free trade agreement (EVFTA) on May 20, the first day of the upcoming session of the current National Assembly.
The policy to improve the localization rate of domestically manufactured cars has had a positive impact on domestic manufacturing and assembly activities, however it no longer maintains advantages due to the sharp increase in the volume of imported CBU cars from the beginning of 2019.
It is now an important time for Việt Nam and the US state of West Virginia to cooperate in a joint effort on economic resumption and fighting the COVID-19 pandemic, Minister of Industry and Trade Trần Tuấn Anh has said.
Enterprises in certain sectors have mapped out plans to increase their presence in the domestic market as most foreign ones have become frozen due to the COVID 19 pandemic.
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.
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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