Vietnam ranks 70th among 190 economies in this year's Doing Business 2020 report released by the World Bank (WB). One year earlier, it ranked 69th, and in 2018, it was 68th.

Vietnamese enterprises need to be proactive in terms of gaining knowledge of incentives, whilst simultaneously managing themselves in order to deal with gaps and weaknesses occurring in the implementation of FTAs, according to economic experts.

The value of Chinese imports in the first months of 2021 alone reached $15.42 billion, twice as much as the value of Vietnamese exports to the market.

Vietnam’s seafood exports have bounced back after a period of sliding, but there has been a spread of disease among some shrimp and fish breeding areas.

According to the Ministry of Agriculture and Rural Development, Vietnam’s rice output totalled 42.8 million tonnes in 2020

Overcoming lockdowns during Covid-19, Vietnamese goods still reached all corners of the planet.

Vietnam was among the countries gaining the highest GDP growth rates in 2020, which could serve as a launching pad for further growth.

The increase in Vietnam’s exports in recent years may prompt import countries to activate trade remedies against Vietnam’s products.

The rate of foreign investment attraction in Ho Chi Minh City since the beginning of the year has continued to rise.

The first consignments of litchis grown in Hai Duong province shipped to Singapore hit the newspapers.

Many Chinese wooden furniture manufacturers have been found setting up foreign invested enterprises (FIEs) in Vietnam to ‘fabricate’ Vietnamese origin for their exports to the US.

Garment companies have been told to find new alternative markets as the US and EU are busy fighting against Covid-19.

The Covid-19 pandemic continues to cause exports to stagnate. Coffee growers in the Central Highlands are experiencing many hardships.

In Vietnam, Samsung has been making a great contribution to the country’s GDP over the last many years.

Textile and garment companies are facing double problem: they find it difficult to import input materials and cannot export their goods.

Some countries have temporarily closed shopping centers and asked people to stay at home to prevent the spread of coronavirus, which has affected exports of Vietnamese enterprises.

While tourism, transportation and F&B sectors are suffering heavily from Covid-19, the impact on other business fields has been less severe.

The Ministry of Industry and Trade (MOIT) has asked its Vietnam Trade Offices (VTRs) overseas to help connect Vietnamese enterprises with foreign partners to boost farm produce exports.

The Prime Minister has set the goal of exporting $300 billion worth of products this year, but with the coronavirus outbreak, this proves to be an impossible mission.

Just within five years, from 2015 to 2019, Vietnam’s import/export turnover reached $2.106 trillion, which was higher than the total import/export turnover of the 15 years before.