The Vietnamese Ministry of Industry and Trade is actively implementing a lot of supporting industry development programmes, given the great importance of supporting industries.

Multinationals are looking to set up their bases in Vietnam despite various challenges that the country poses as a manufacturing destination, according to the Financial Times in the UK.

Vietnam has worked to develop the domestic market with a population of nearly 100 million people in the context that the COVID-19 pandemic has disrupted the global supply chains, said Minister of Industry and Trade Tran Tuan Anh.

VOV.VN - The Mekong Connect 2020 forum got underway on Dec. 21 in the Mekong Delta province of Dong Thap in order to discuss ways in which to introduce local products into the global value chain.

VOV.VN - The Vietnam International Supporting Industry and Manufacturing Exhibition 2020, the first of its kind, got underway in Hanoi on December 9 with over 170 domestic and foreign businesses taking part in the event’s debut.

VOV.VN - The Vietnamese economy looks set to benefit from joining new generation free trade agreements (FTAs) which will have a great impact on the expansion of the local import-export market and new online business models.

VOV.VN - The nation’s GDP growth is forecast to reach between 2.6% and 2.8% this year, according to economists speaking at the launch of a workshop held on October 21 in Hanoi to unveil the third quarter of independent assessment of Vietnamese macroeconomic performance.

Hanoi has issued an implementation plan for a project to develop key industrial products in the 2021-2025 period, with an estimated cost of VND200 billion (US$8.63 million).

VOV.VN - Aside from enjoying preferential tariffs brought about by the European-Vietnam Free Trade Agreement (EVFTA), local steel firms have been advised to update their technologies and meet rules on product origin in order to make inroads into the EU.