Trade minister urges Hanoi to restructure trading activities amid Covid-19
Hanoi should step up investment in trade infrastructure development, particularly the distribution and retail network, said Trade Minister Tran Tuan Anh.
Hanoi should step up investment in trade infrastructure development, particularly the distribution and retail network, said Trade Minister Tran Tuan Anh.
Vietnam could become a key part in the supply chains of South Korean companies in the fields of automobile, electronics and garment.
Local face masks producers could provide nearly 60 million face masks to the market by the end of March 31, with an average production capacity of 1.1 million units per day.
The increase in biomass power prices is a big move to boost capacity of this energy source to 3,000 MW by 2030.
Smooth execution of the deal will be a boost for Vietnam's economy amid a global slowdown and the ongoing Covid-19 epidemic.
The disruption of materials supply chain from major markets to Vietnam has led to a lower growth rate of the industrial production index in the first two months.
This is despite the fact that Vietnam’s textile and garment industry is expected to benefit the most from the deal.
The promotion aims to relieve pressure for Vietnam’s agricultural sector, as exports to China are poised to plunge due to the impact of the Covid-19 outbreak.
The epidemic has not left major impacts on bilateral trade relations, said the Ministry of Industry and Trade.
Ford’s decision for expansion was owing to growing demand for Ford cars and its commitment to long-term investment in Vietnam’s auto market, said a Ford executive.