Experts attending a workshop in Hanoi on March 12 suggested creating an equal competition environment and reforming the system of State resources allocation to spur the development of the private economic sector in Vietnam.

Vietnamese enterprises should dig into new technologies to improve product quality and brands so as to better engage in the global value chains, Minister of Industry and Trade Tran Tuan Anh has said.

Domestic leather and footwear firms have no choice but to convert their production activities as difficulties are expected to linger through this year due to the impact of the COVID-19 pandemic, experts have said.

Vietnam will continue with the building of a modernity-oriented agriculture sector with complete value chains in 2021, according to Minister of Agriculture and Rural Development Nguyen Xuan Cuong.

Deeper integration into the global value chain while developing an increasingly independent and self-controlled economy are both a requirement and a solution to help Vietnam overcome the challenges to realise its goal of rapid and sustainable development, according to Party Central Committee and Minister of Industry and Trade Tran Tuan Anh.

Vietnam will develop the collective economy in the direction of building product value chains, increasing its contribution to domestic economic development, Deputy Prime Minister Trinh Dinh Dung said at a forum held by the Ministry of Planning and Investment and the Vietnam Cooperative Union in Hanoi on December 11.

Despite the COVID-19 pandemic’s disruptive impact on retail and consumption, multi-level marketing (MLM) activities have been blossoming, with steady improvements in quality and earning growing trust from customers.

The signing of the Regional Comprehensive Economic Partnership (RCEP) shows the rest of the world that signatory countries believe in open and rule-based trade, Iman Pambagyo, Chief of the RCEP Trade Negotiating Committee of ASEAN, has said.

Dozens of French groups and major companies operating in different fields joined an online conference on September 28 that sought ways to promote French investments in Vietnam after the COVID-19.

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.