About 118 trillion VND (5.16 billion USD) worth of taxes, land rent, fees, and charges are expected to be reduced or have payment deadlines extended in 2021 to assist enterprises and people affected by the coronavirus pandemic.
The electronics industry is forecast to have a robust year, driven by the increase in demand for communications’ products due to demand caused by social distancing measures implemented to tackled rising cases of COVID-19, according to the Ministry of Industry and Trade.
The industrial sector's added value grew 8.91 percent in the first half of the year, according to the General Statistics Office.
The agriculture sector is set to earn 41 billion USD from export in 2021, according to Vu Ba Phu, head of the Vietnam Trade Promotion Agency under the Ministry of Industry and Trade (MoIT).
With its abundance of tropical forest resources, Vietnam is aiming to become one of the world's leading centres for the production, processing and trade of forest products.
Under Vietnam’s fisheries development strategy to 2030 and vision to 2045, the fisheries sector is applying itself to become an important sector in the country, strongly integrate into the world, develop sustainably and responsibly, and proactively adapt to climate change.
Deputy Prime Minister Trinh Dinh Dung has asked authorities of central Da Nang city to seize opportunities and make the best use of local potential and advantages to grow rapidly and sustainably.
Deeper integration into the global value chain while developing an increasingly independent and self-controlled economy are both a requirement and a solution to help Vietnam overcome the challenges to realise its goal of rapid and sustainable development, according to Party Central Committee and Minister of Industry and Trade Tran Tuan Anh.
Vietnam’s textile and garment exports is set to fall 15 percent to 34 billion USD this year, the first drop in 25 years, over Covid-19 impacts. With the Covid-19 situation remains serious in the U.S. and some European countries, exports to these markets will continue to face difficulties due to a shortage of orders, the Ministry of Industry and Trade said in a recent report.
Ho Chi Minh City is expected to reach 10 out of 13 key targets despite difficulties and challenges both domestically and internationally. One outstanding result is that the proportion of the city’s economy in the national economy continues to rise and now accounts for more than 22%.