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880 out of 1,216 business conditions cut, reduced

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The content material was emphasised by Minister Tran Tuan Anh on the convention summarizing 2020 and implementing duties in 2021 of the Trade and Commerce sector on the morning of January 7.

Minister of Industry and Trade: 880 of 1,216 business conditions are cut, reduced - 1

Minister of Trade and Commerce Tran Tuan Anh.

In response to Mr. Tuan Anh, the discount of enterprise situations helps to enhance the enterprise surroundings, improve nationwide competitiveness, and create favorable situations for individuals and companies.

“Many business conditions have been reduced and simplified in recent years, which have had a positive impact on enterprises’ production and business activities, and are highly appreciated by experts and the business community as in the field of business. electricity, automobile, petroleum business, gas business, food safety …”, Mr. Tuan Anh mentioned.

In 2020 in addition to the previous five-year time period, the Trade and Commerce trade has step by step overcome and reworked the difficulties and challenges posed to the trade initially of the time period.

In consequence, in 2020, whereas most international locations had unfavourable progress or entered a recession as a result of affect of the COVID-19 epidemic, Vietnam’s financial progress elevated by 2.91%, among the many highest. area and the world, is likely one of the few optimistic progress international locations within the Asia-Pacific area, and is likely one of the 16 most profitable rising economies within the context of the epidemic.

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The typical progress charge of 5 years from 2016 to 2020 reaches 5.99% and belongs to the group of the best progress international locations within the area and the world.

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Though export actions are dealing with many challenges as a result of US-China commerce battle, COVID-19 epidemic, and so forth., export turnover within the interval 2016 – 2020 nonetheless elevated from 176.58 billion USD in 2016 to almost 281.5 billion USD. . Export progress within the 2016-2020 interval averaged about 11.7%/12 months, 10% larger than the set goal.

The dimensions of export merchandise continued to increase. The variety of objects with export turnover of 1 billion USD or extra has elevated through the years, accounting for a big proportion of the overall export turnover of the nation. In 2011, there have been 21 objects with export turnover of over 1 billion USD, accounting for 81% of complete export turnover. By 2020, there will probably be 31 objects (of which 9 are exported over 5 billion USD and 6 are exported over 10 billion USD), accounting for 92% of complete export turnover.

Export and import markets have been expanded, not solely in conventional markets but in addition in new and potential markets and successfully making the most of Free Commerce Agreements (FTAs). Vietnam’s exports have reached most markets on this planet, many merchandise have step by step gained a agency foothold and improved their competitiveness in lots of markets with top quality necessities such because the EU. , Japan, USA, Australia…

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Vietnam nonetheless maintains a secure progress momentum in import and export actions with the overall import and export turnover for the second consecutive 12 months reaching over 500 billion USD. The entire import-export turnover of products elevated 1.6 instances from 327.8 billion USD in 2015 to about 517.7 billion USD in 2019 and in 2020, regardless of being closely affected by the COVID-19 epidemic, it nonetheless reached about 543 billion USD. 9 billion USD.

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Specifically, up to now 5 years, Vietnam has actively promoted the negotiation, signing, ratification and efficient implementation of FTAs ​​with companions, together with high-standard agreements with a big market of CPTPP, EVFTA…

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