Improving production technologies, designs and packaging are among the important factors that could add value to Vietnamese farm produce, businesses have said.

In spite of strong growth over the last decade, Vietnam’s industrial sector must start investing in R&D, finding ways to improve manufacturing efficiency and transforming into one capable of producing high-value-added products.

Airports with modern infrastructure that can serve as international hubs had the potential to become major drivers for national socio-economic development, said experts at a recent conference held to discuss the sustainable development of Vietnam’s airports in Hanoi.

The banking sector had made considerable headway into settling bad debt, restructuring credit institutions and developing the banking system two years since the National Assembly issued a resolution on the industry.

The number of new listing firms on the two local bourses has remained modest in the first nine months of the year.

Prime Minister Nguyen Xuan Phuc has approved a plan to boost the sustainable development of the private business sector towards 2025 with a vision to 2030 with six major solutions.

Nguyen Phuong, sales director of Minh Thanh Co., Ltd, said his company plans to invest more than VND50 billion (US$2.15 million) in a production chain for bedroom and living room furniture.

Hanoi will organise a five-day promotion conference on trade, investment and tourism in London this week, the municipal People's Committee has announced on its portal.

The bakery market has enjoyed compounded annual growth of 20-30 percent in recent years and is worth 700 million USD now, the chief of one of the country’s largest bakery chains has said.

Since its emergence early last year, the US-China trade conflict has not shown signs of easing. Companies are increasingly concerned about the impact of trade tariffs and other trade protection measures, with many actively planning to divert their production from China.