After suffering a significant fall in revenue last year, the mechanical engineering industry has high hopes for recovery in 2021, given Vietnam’s good COVID-19 control and participation in free trade agreements.

The National Centre for Socio-Economic Information and Forecasting (NCIF) has released a forecast on Vietnam’s economic performance in 2021, with GDP growth of 6.72% and an average consumer price index (CPI) of 4.2% under an optimistic scenario.

VOV.VN - An array of local businesses have devised plans in which they offer promotions and ramp up communication activities in an effort to serve people before, during, and after the Lunar New Year festival or Tet.

The growing demand for imported products in Vietnam and other markets will fuel runaway growth for cross-border e-commerce. However, the speed of expansion could also impose a burden on the government as it looks to efficiently supervise the fresh business model.

VOV.VN - Cambodia has decided to resume importing four species of catfish, including pangasius, from neighbouring countries including Vietnam.

VOV.VN - With the COVID-19 pandemic causing plenty of difficulties for production and business activities and the added value of the industrial sector in Q1 set to endure a slight fall, the Ministry of Industry and Trade (MoIT) is striving to help the sector achieve a growth rate of 9.45% and export growth of up to 5%.

VOV.VN - Hundreds of poor labourers on February 7 boarded a North-South express train departing from Sai Gon Railway Station en route to their homes to reunite with their relatives for the lunar New Year holiday (Tet).

As trade protectionism is forecast to grow further around the world in 2021, the Ministry of Industry and Trade (MoIT) is set to step up trade defence measures in accordance with international law and commitments.

Relevant agencies are required to strengthen inspection, detect and strictly handle violations in foreign/cash exchange trading, according to the State Bank of Vietnam.

The seaport and logistics industry was forecast to grow significantly on the prospect of global trade recovery in 2021 when the vaccine to prevent COVID-19 is administered worldwide.