Local seafood firms managed to avoid the impacts of the coronavirus crisis by diversifying their export markets.
While several sectors are being hit by the coronavirus outbreak in Vietnam, the pharmaceutical and healthcare industry is taking an advantage, with numerous expansion strategies among players being placed in the gun barrel.
The new trade agreement between Viet Nam and the European Union opens many doors for agriculture, according to experts.
Prime Minister Nguyen Xuan Phuc approved the resumption of imports, exports and transport of goods through three sub-border gates between Viet Nam and China to help local firms.
Supermarkets and retailers are making bank from the public rushing to stock up on indispensable food supplies, which could ultimately push forward an increase in awareness of food handling and safety.
As the largest investor in automobile supporting industries in Viet Nam, THACO constantly increases not only the rate of use of local parts in its cars, buses and trucks, but also exports of parts, with automotive springs being one of its key export items.
This is despite the fact that Vietnam’s textile and garment industry is expected to benefit the most from the deal.
Mong Cai City in Quang Ninh Province has nearly completed preparations for resuming customs clearance at Mong Cai International Border Gate in the near future.
Vietnam is estimated to need at least US$7-US$9 billion of investment in LNG import infrastructure.
These approaches could boost Vietnam’s solar generation capacity from the current 4.5GW to the tens of GW range within ten years, while creating thousands of new jobs, according to the new World Bank Vietnam Solar Competitive Bidding Strategy and Framework report. The deployment of new solar generation will be a critical factor for the government of Vietnam to meet its Nationally Determined Contribution (NDC) emissions reduction target and reduce its need for new coal generation.