The ministry attributed the results to great efforts of the business community in overcoming difficulties from Covid-19 to maintain and recover production, especially those in the garment and textile, and leather sectors.

Trung Nguyen coffee production line for exports in Bac Giang province.

According to the ministry, by the end of this year, businesses can regain a growth rate like before the pandemic broke out. Sectors that are traditionally strong in export such as telephone, electronics, machinery and accessories are also likely to post export growth of 15-25 percent this year, it said.

The MoIT said that after three years of implementing the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) and one year of the EU-Vietnam Free Trade Agreement (EVFTA), those deals' positive impact on Vietnam's exports has shown clearly, especially in markets without any FTA with Vietnam before. For example, exports to Canada, Mexico and Peru have been increasing at 25-30 percent per year.

With the EVFTA, Vietnamese goods have enjoyed stronger competitiveness in the EU market thanks to preferential tariffs.

However, the ministry also pointed to major difficulties facing businesses, including labour shortage, especially in southern localities, as well as a lack of materials for production, high logistics cost, and restrictions from Covid-19 prevention and control measures.

Four groups of tax exemption and reduction solutions devised to support businesses and people

The Government has issued Decree No.92/2021/ND-CP, dated October 27, 2021, guiding four groups of tax exemption and reduction solutions to support businesses and people in overcoming difficulties caused by the impact of the Covid-19 epidemic.

Bac Giang targets to have 1,500 digital technology and digital businesses by 2030

(BGO) – It is the target set in the Plan No.547.KH-UBND on October 28, 2021 of the People’s Committee in Bac Giang province (PPC) about developing digital technology and digital businesses in Bac Giang in the period 2021 – 2025 with the vision to 2030.

Bac Giang city supports businesses’ development

(BGO) – The self efforts together with attention and assistance from local party, authority and competent forces have helped enterprises and cooperatives in Bac Giang city (Bac Giang province) to gradually overcome the difficulties caused by Covid-19 to stabilize the production and business activities.  

Luc Ngan receives study supporting devices from sponsor businesses

(BGO) – On October 26, representative of Vina Solar Technology Company Limited and Vina Cell Technology Co.,Ltd in Viet Yen district (Bac Giang province) visited and sponsored study supporting devices to Luc Ngan district.

Bac Giang adjusts screening test for labours in industrial production businesses

(BGO) – Basing on local Covid-19 situation in Bac Giang province, the Steering Committee for assisting business in production development and disease prevention on October 16 issued document to adjust the SARS-CoV-2 screening test by RT-PCR for labours at industrial production companies in the province.

Source: NDO/VNA