Prepping conditions to welcome investment waves

Prepping conditions to welcome investment waves

Foreign investors still have high expectations for Vietnam's investment environment despite facing many difficulties at the moment due to the Covid-19 pandemic. Currently, there are still many solutions and ways to improve foreign investment attraction and prepare conditions to be ready to welcome the investment wave in the new normal.
Enterprises should anticipate risks to restrict arising of disputes

Enterprises should anticipate risks to restrict arising of disputes

How to avoid scams when signing investment agreements with foreign enterprises? Is there any way to make use of incentives from free trade agreements? These concerns of some enterprises are also common questions in the process of Vietnamese enterprises integrating into the global playground.
Processing food for export at Cofidec Company in District 12, HCMC. (Photo: SGGP)

Vietnam’s exports warm up

According to the latest information from authorities and enterprises, Vietnam's exports in many markets have been increasing. Agricultural and aquatic products, foodstuffs, electricity, electronics, and textiles remain the items with large export turnover.
Production of household textiles for export to the US at Phong Phu Corporation. (Photo: SGGP)

Vietnamese apparel enterprises take action to gain foothold in export markets

Garment and textile export turnover in the first month of this year reached US$2.6 billion, up 3.3 percent over the same period last year. The garment and textile industry aims to achieve the target of $39 billion this year, so since the beginning of the year, many key export product lines of the industry have been changed by enterprises.
Vietnam is more and more developing. (Photo: SGGP)

Aspirations for prosperity, might

The 13th National Party Congress took place at the end of January 2021. It has determined the development goals in the next five and ten years with a vision to 2045, aiming at turning Vietnam into a developed country with high income. The will of the Party and the State is also the aspiration of each citizen. Therefore, striving for fast and sustainable growth to avoid moving backward further and overcoming the middle-income trap are critical issues, requiring the arousal of self-reliance and endogenous strength to achieve the set goals.
The ceremony to export the first batch of rice in 2021 by Trung An Company to Singapore and Malaysia. (Photo: SGGP)

First batch of rice in 2021 exported to Singapore, Malaysia

The Ministry of Agriculture and Rural Development (MARD) and the People's Committee of Can Tho City, on the afternoon of January 13, at Trung An Agricultural High-Tech Joint Stock Company (Trung An Company), held a ceremony to export the first batch of rice in 2021 by Trung An Company to Singapore and Malaysia.
Footwear production at Biti's Company. (Photo: SGGP)

Footwear industry needs to resolve difficulties to make breakthrough

The Covid-19 pandemic has continued to obstruct trade activities of the leather and footwear industry in the main export markets of Vietnam, including Europe and the US. Last year, the whole industry exported US$19.5 billion, down 11.5 percent compared to 2019. Currently, Vietnam has controlled the pandemic, so many long-term orders have returned to enterprises. However, experts predict that the difficult situation will last until the end of this year.
Dairy products of Vietnam Dairy Products Joint Stock Company (Vinamilk) are exported to many fastidious markets around the world. (Photo: SGGP)

Opportunities opened for food processing industry

According to Vietnamese trade counselors, in 2021, Vietnamese goods, in general, have a great opportunity to export to Europe, Northern Europe, the US, the Eurasian Economic Union, Japan, South Korea, and China.