Economy

Vietnamese rice exporters have been urged to play a more active role in utilising free trade agreements (FTAs) to which Vietnam is a party to boost falling exports.

Nearly 10 percent of Vietnamese firms lack capital and money for their business, especially micro-, small- and medium-sized enterprises.

Vietnam’s total output of electricity from renewable energies hit 9.5 billion kWh in the first four months of 2021, up 156.9 percent year-on-year, and accounting for 11.8 percent of the total electricity output.

Before the latest withdrawal of Vinsmart, Japanese giants like Panasonic, Toshiba, and Sharp also dropped out of the Vietnamese television market.

The Ministry of Agriculture and Rural Development is working to promote the distribution of farm products amid the fourth outbreak of COVID-19 in Vietnam as well as establish a resilient agriculture sector.

According to Deputy Director of Long An Power Company - Nguyen Hoang Hai, in the 2016-2020 period, the electricity industry mobilized investment capital of nearly 600 billion VND to erase the shared galvanometer in the area.

Despite a rise in export revenue in the first four months of this year, experts suggested that businesses should not be too optimistic as the COVID-19 pandemic has seen complicated developments both in and outside the country.

Vietnam posted a trade surplus of over 1.29 billion USD in the first four months of the year, according to the Ministry of Planning and Investment’s Foreign Investment Agency.

The Vietnam Textile and Apparel Association is committed to promoting the sector’s sustainable development with the aim of raising the living standards of its employees under the UN’s Sustainable Development Goals.

Leading economic experts forecast an optimistic growth outlook for Vietnam in 2021 despite the COVID-19 pandemic.

Vietnam will record positive economic growth in 2021, at around 6-7 percent, if the country continue support for vulnerable groups in the economy, as well as the freshly-rolled out vaccination campaign.

The PetroVietnam Exploration Production Corporation, a subsidiary of the Vietnam Oil and Gas Group, contributed nearly 2.3 trillion VND to the State budget in the first four months of 2021.