The first forum organized by the Ministry of Agriculture and Rural Development to connect with overseas Vietnamese to promote investment in agriculture was held yesterday in Hanoi.
At an international seminar on experiences in calling for investment and management of high-tech supporting industrial parks yesterday, participants said it is necessary to create a symbiotic ecosystem for supporting technology enterprises that apply high technology to deeply integrate into the global supply chain.
The growth of processed seafood output in Vietnam will reach over 6 percent a year by 2030 under a national seafood processing development strategy for 2021-2030 which has been approved by the Prime Minister.
The global outbreak of the Covid-19 pandemic has made the world realize the limitations in the current supply chain, which shows an over reliance on just one link, which is a plausible reason for the collapse of the system.
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.
Although participating in global value chain will help businesses increase their values, approach global market and get high profits, only 20 percent of Vietnamese enterprises are able to join in the global value chain.
The Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP), to be submitted to the 14th National Assembly for approval on November 2, is expected to help Vietnam expand exports and join the global value chain more deeply.
As a country engaged in the development of the global value chain, Vietnam is likely to be affected by the US-China trade war, stated Minister of Industry and Trade Tran Tuan Anh.