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VIETNAM BUSINESS NEWS MAY 11

VIETNAM BUSINESS NEWS MAY 11
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11/05/2021

14:09
GMT+7
Vietnam would continue to be world’s second largest rice exporter: US department
The US Department of Agriculture (USDA) has forecast that Vietnam would maintain its position as the world’s second biggest rice exporter this year.
According to the department, Vietnam will export 6.4 million tonnes of rice in 2011, an increase of 233,000 tonnes compared the volume recorded in the previous year.
It is likely that India will remain the largest rice exporter in the world, with 15.5 million tonnes rice shipped abroad this year. Thailand will rank third with an estimated export volume of 6.1 million tonnes. ....

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Challenges lie ahead to improve local business climate

Monday, 17:10, 10/05/2021
VOV.VN - Despite undergoing a number of administrative procedures to ensure that investment conditions become more transparent, Vietnam is facing several significant challenges regarding business climate improvements in the future, according to insiders.
The Vietnam Chamber of Commerce and Industry (VCCI) recently released a report, outlining how the domestic business environment has significantly improved in recent times and how the country’s competitive capacity has also been enhanced over the past five years.
Most notably, up to 60% of administrative procedures have been simplified, thereby creating favourable conditions in which the local business community can benefit from.
Australian Deputy Ambassador to Vietnam Andrew Barnes noted that the Vietnamese private sector has witnessed an impressive performance over the past five years, especially last year despite the negative impact caused by COVID-19 outbreaks. ....

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