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Trade facilitation helps reduce rising costs in Asia-Pacific
The Covid-19 pandemic has had a negative impact on world trade. High participation in global value chains makes Asia-Pacific more vulnerable to restrictive trade policies, leading to higher trade costs in the region. Therefore, trade facilitation will help reduce these costs, strengthening the resilience of economies.
The latest Resolution 406/NQ-UBTVQH15, issued by the National Assembly on October 19, is regarded as a correct and timely policy, and was well received by enterprises.
The textile and garment industry is "waiting" for the development strategy of the textile, garment and footwear industry to 2030, with a vision to 2035 to consider the benefits when investing in the production of supporting industry products.
Now is the time for textile enterprises to step up production to complete orders. However, this is also a sprint cycle to increase the price of raw materials worldwide.
Supplementing support policies for the elderly and people with disabilities; strictly implementing the restoration of passenger transport; the establishment of a special working group to remove difficulties for affiliated businesses affected by the COVID-19 epidemic... are the government's policies to support businesses and people that were highlighted last week.
On October 19, 2021, the National Assembly Standing Committee approved Resolution 406/NQ-UBTVQH15 on solutions to support businesses and people affected by the COVID-19 epidemic.
Newsletter - Statistic
International Integration
Biden’s administration could be as tough as Trump’s on Vietnam’s alleged currency manipulation and trade malpractice
The US retailer has sold around 10 million of the non-medical grade face masks and requires a minimum of 100,000 masks per order.
Garment industry set for 'one-two' punch as coronavirus hammers global demand
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