It’s critical for Vietnam to focus on promoting intellectual property rights for areas associated with agricultural products which would enable farm produce to go far in international markets.
Measures have been taken to boost domestic trade to maintain an 8-9% growth rate per year, according to the Ministry of Industry and Trade (MoIT).
Despite the Government’s efforts to remove challenges facing the real estate market, it won’t prosper until the end of next year, experts have warned.
In the face of domestic and international economic difficulties, the most effective support for enterprises is to create an equal, open and transparent business environment, according to Do Thi Ngoc, head of the General Statistics Office (GSO)'s Department of General Statistics.
Credit growth in the first months of this year slowed significantly due to high interest rates and firms’ poor health, raising concerns about rising bad debts.
Investors from Taiwan (China) are particularly keen on Vietnam’s industrial, office and retail real estate, motivated by the country’s progress in improving the legal framework and substantial investment in key infrastructure, property consultancy Savills Vietnam said.
The non-life insurance sector has seen a flurry of merger and acquisition (M&A) deals over the past two years, partly reflecting the attractiveness and keen competition of the market, which still has room for growth.
Vietnamese automobile prices are substantially higher than those in other regional countries because of high taxes and low output, according to the Ministry of Industry and Trade.
The value of imported chicken meat reached US$237 million with about 178,000 tonnes last year.
Many enterprises forecast less optimistic business results in the first quarter of the year, due to weak domestic macro data in the first few months.