Crisis adds to modernisation of Vietnam’s labour structure

Crisis adds to modernisation of Vietnam’s labour structure

Fruit and rice are among the most important crops and export goods of Vietnam, but this year’s harvest could be rendered meagre amid a severe shortage of labour that is based on the rapid urbanisation and labour migration and now exacerbated by the pandemic.
Wood industry at crossroads to engineer survival strategy

Wood industry at crossroads to engineer survival strategy

The ongoing coronavirus outbreaks are now threatening to bring the timber industry to its knees, with businesses and associations hoping for preferential vaccine treatment and financial support for test kits and other pandemic-related expenses.
Going on the attack for a self-reliant economy

Going on the attack for a self-reliant economy

As with most economies in the region, Vietnam has been facing unprecedented struggles this year. However, with regional recovery, the nation may still see a growth rate close to its expectations.
Vietnam Value Programme aims high in national brand exposure stakes

Vietnam Value Programme aims high in national brand exposure stakes

As Vietnam’s economy is further strengthened by creative and innovative manufacturers who are aiming to increase their brand value at home and abroad, the Vietnam Value Programme is deemed to further leverage national brand position among the highest rated brands in the world.
Food producers toil to meet stringent EU regulations

Food producers toil to meet stringent EU regulations

Although the EU-Vietnam Free Trade Agreement has been promising Vietnamese companies access to one of the largest Western markets with almost 450 million potential consumers, to distribute fruit, vegetables, and other food products in the EU, producers have to fulfil stringent requirements, which so far has only been achieved by a few.
Bilateral trade with China on the increase

Bilateral trade with China on the increase

As economic ties between Vietnam and China grow quickly, it is being deemed crucial to promote bilateral trade in a more balanced way.
Rising trends likely to persist for 2021 consumer price data

Rising trends likely to persist for 2021 consumer price data

On the back of reopening global economies and a rising crude oil price, Vietnam’s inflation target for 2021 may be harder to achieve, with regulating government bodies attempting to manoeuvre through the year while keeping inflation pressure at bay.
Deeper funding key for agri-processing

Deeper funding key for agri-processing

As the oversupply of raw agri-products has been threatening local farmers and exporters, especially amid logistical issues caused by COVID-19, plans for deeper processing and added value are targeted by most stakeholders, aiming to transform Vietnam into one of the world’s most important agri-product hubs.
Trading with a digital tint

Trading with a digital tint

To further promote and strengthen the position of high-quality Vietnamese goods and services in the domestic and international markets, the Vietnam Trade Promotion Agency under the Ministry of Industry and Trade has been working with e-commerce platforms.
Overhaul in motion for ODA utilisation

Overhaul in motion for ODA utilisation

On the back of sobering performances in the disbursement of public investment and official development assistance, the Ministry of Planning and Investment is currently working on a new draft decree that aims to simplify related regulations and speed up disbursement and, in turn, economic development.
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