Vietnam has advantages to develop a materials industry but has not developed in line with its potential, Tran Tuan Anh, Chairman of the Party Central Committee’s Economic Commission, said at a conference held on April 10 in Ho Chi Minh City.

VOV.VN - There remains plenty of room to expand the export of Vietnamese goods to the European Union as the COVID-19 pandemic is brought under control between now and the end of the year, according to Nguyen Trung Tien, deputy general director of the General Statistics Office (GSO).

While local sugarcane farmers have been taking a fair dent from the effects of the pandemic, regional competition fuelled by the commitments of the ASEAN Trade in Goods Agreement has further put pressure on them, leading to a daunting situation for the already declining sector.

The ratio of Vietnamese goods imported and used as input materials by foreign countries is decreasing, while the ratio of Vietnam’s import of input materials to produce goods for end-consumption is increasing.