The State should develop solutions to reduce high logistics costs in trading agricultural products to improve the competitiveness of Vietnamese farm produce on the market, according to experts.
Despite a five-year high in first-half consumer price index, Vietnam is expected to bring inflation under control this year due to feeble demand for production and consumption, as well as shrunken demand in global markets.
The Central Institute for Economic Management (CIEM) said with good results in preventing the pandemic and the chance for economic recovery, Viet Nam needs to be cautious in the second half of the year.
The General Department of Taxation must hasten reforms to create a favourable environment for enterprises to recover their business from the ravages of the COVID-19 pandemic, which was critical to increase tax revenue, Deputy Minister Tran Xuan Ha has said.
Anti-transfer pricing measures were included in the Law on Tax Administration for the first time, but a guiding decree has not yet been written. Experts said this could mean the rules are less effective.
The domestic real estate market is hoped to have growth in the fourth quarter of this year and before the Lunar New Year 2021 if, by this year-end, the domestic economy is restored to levels from before the COVID-19 pandemic.
A new wave of foreign direct investment driven by global uncertainty such as the US-China trade war and the COVID-19 pandemic is imminent in Viet Nam, and it will have a much bigger impact on the economy than previous FDI inflows, according to investment fund VinaCapital.
Administrative procedure reform is the key to unlocking the full potential of the Europe-Viet Nam Free Trade Agreement (EVFTA), said participants at a conference on Tuesday.
Vietnamese firms need to improve product quality and study market trends and consumer tastes in Southeast Asian countries as well as take part in trade promotion programmes there to promote exports, industry insiders have said.
Ha Noi must have transformed itself into one of the political, economic and cultural centres in East Asia by 2045, when Viet Nam becomes a developed country, Prime Minister Nguyen Xuan Phuc has said.