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The US Mission to Vietnam and the Vietnam Union of Science and Technology Associations (VUSTA) on September 16 launched two new projects to counter wildlife trafficking and reduce illegal wildlife consumption.
Though there were still difficulties in the first months of 2024, positive signs of new orders and consumption have appeared. Local firms in Ninh Binh have strived to overcome difficulties, renew governance methods and improve their products' quality in an attempt to stabilise production and create more job for labourers.
The decline in domestic automobile consumption and its drop to 5th place in Southeast Asia can be attributed to both external and internal factors, according to industry insiders.
Reducing the VAT (value added tax) by 2% has been the most practical solution to stimulate consumption and production.
While consumption has shown signs of slowing down, attracting foreign investment with strong growth in realised capital but not yet recovering in newly registered capital, public investment will still be the main driver of economic growth in 2023.
Though facing a range of difficulties due to fluctuations in food prices, complicated weather developments, and disruption in consumption markets, Ninh Binh province's fishery sector has continued to maintain its high growth in 2022 thanks to the application of drastic and suitable measures.
The Departments of Industry and Trade of Ninh Binh, Ca Mau and Bac Lieu jointly held a conference on October 30 to connect goods supply-demand among these provinces.
The complicated developments of the COVID-19 pandemic have caused disruption in agricultural product supply chains and posed challenges for many localities in agricultural product consumption. To address this problem, Ninh Binh authorities have directed related localities and sectors to work together to seek solutions to boost the sale of agricultural products during the COVID-19 pandemic.
Prime Minister Nguyen Xuan Phuc has asked for more measures to boost investment, exports, and consumption in order to achieve the highest growth possible in 2020 at a national teleconference between the Government and localities on July 2.
The expanded export market and revenues hitting record high with US$40.02 billion, and the promotion of domestic consumption are the bright spots of Vietnam's agricultural sector throughout 2018, which witnessed the highest agricultural growth rate over the past seven years.
The Ministry of Planning and Investment has drafted a Decree on encouraging businesses investing in agriculture and rural areas, which proposes assistance in investment in agriculture applying high technology, training human resources and developing consumption market.
New special consumption tax rates came into effect from July 1.
