Việt Nam News

Việt Nam’s wood industry continues to grow this year

In a resolution on the socio-economic tasks to be accomplished in 2022 and financial outlays, the Government has designated it as a year of economic recovery. Efforts made by both foreign and domestic enterprises will play a key role in achieving the goals.

While many plastic enterprises reported positive results in both revenue and profits in the fourth quarter of last year, there are still enterprises reporting a decline in profits, even suffering losses.

Being flexible in accessing distribution systems, overcoming logistical difficulties and making good use of free trade agreements (FTA) are important factors for Vietnamese goods to better access the Eurasian market in the coming time, said insiders.

As long as the reforms are kept on track, the RCEP will be the new driver for the economy to speed up the recovery process and later thrive in the post-pandemic period by further integrating into regional value chains. 

South Korean businesses should pour more capital to fully tap Việt Nam’s 100-million-strong market and gradually access the ASEAN market of 600 million as well as other markets which have signed free trade agreements (FTAs) with Việt Nam