State President Nguyen Xuan Phuc shared major requirements/characteristics of trade and investment activities in the new period, including ensuring a fair, transparent and effective international trading system that is regarded as a criticality in the global “playing ground”.
According to Mr. Dao Minh Chanh, Deputy Director of the Department of Planning and Investment of Ho Chi Minh City, the city has been implementing a series of solutions to remove obstacles and difficulties and energize businesses to rise.
The city’s price stabilization program focuses on ensuring the supply chains and transport of goods, reducing the cost of intermediation and operating the distribution system effectively, Director of the HCMC Department of Industry and Trade Nguyen Nguyen Phuong told the Sai Gon Giai Phong Newspaper.
Due to the impact of the Covid-19 pandemic, the response capacity of the logistics industry fell into crisis, such as goods congestion at seaports, a shortage of empty containers, and prolonged transportation schedule, making import and export activities extremely tense.
To ensure the quality of rubber, a representative of the Vietnam Rubber Association said that it is promoting the grant of the certification Vietnam Rubber. This is one of the necessary steps besides improving the quality of rubber cultivation and processing to pave the way for building a brand name for Vietnamese rubber.
People in many localities in the Mekong Delta embarked on restarting the production chain in the early days of October because the Covid-19 pandemic in many places had been basically under control, with new Covid-19 cases decreasing sharply.
According to information of the working group of the Ministry of Agriculture and Rural Development (MARD) in Southern provinces on the situation and ability to supply various types of food and foodstuffs to Ho Chi Minh City, updated until the night of July 23, the volume of goods is now extremely abundant, not afraid of a shortage.
Japan will launch a subsidy program to encourage domestic manufacturers to transfer their overseas production bases to Southeast Asia, as the coronavirus pandemic has greatly disrupted their supply chains heavily dependent on China.
According to the Industry Agency under the Ministry of Industry and Trade, after implementing the decree on development of supporting industry for four years, at the present, there are around 1,800 supporting industry enterprises, of which, around 300 enterprises are Vietnamese-owned and the rest is chain businesses.