(VOVworld) - 2016 has seen many milestones with Vietnam signing free trade deals which have benefited its economy. Although export revenues in key industries like garments and textiles, leather footwear, and farm produce have fallen short of set targets, businesses have generally fared well despite global economic difficulties.

(VOVworld) – Vietnam now has 500,000 private enterprises which employ more than 15 million people and contributes 40% of the national GDP. Vietnam has adopted many policies to develop the private economic sector.

(VOVworld) – Vietnam’s investment in Laos has grown rapidly in recent years. The success of many small and medium-sized enterprises has encouraged larger Vietnamese businesses, especially in banking, telecommunications, and aviation, to increase their investment in Laos.

(VOVworld)-Foreign direct investment export businesses in Vietnam are contributing a great deal to national economic development. But more Government incentives are needed to help domestic exporters to reduce dependence on the foreign invested sector.

(VOVworld) – Vietnam’s economic restructuring program for the past 5 years brought about noticeable results. The progress has provided a basis for Vietnam to continue its restructuring plan until 2020.

(VOVworld) – The southern province of Binh Phuoc is thought to have one of the best cashew nuts in the world. To develop a brand for this product, Binh Phuoc has master-planned its cultivation areas and sought ways to increase productivity and quality, and farmers’ income.

(VOVworld) – Over the past two years, Vietnam has focused on increasing competitiveness and improving the local business environment to develop a sustainable economy. The government and authorities at all levels are working to create favorable conditions for domestic and foreign enterprises and investors.

(VOVworld) – Located in the key southern economic hub, Long An province is the link between HCMC and Mekong Delta provinces. It borders Cambodia and has a major border gate economic zone. Using these advantages, Long An has designed a strategy to lure more domestic and foreign investment and improved the local investment environment toward sustainable socio-economic growth.

(VOVworld) – With a year-on-year growth of 130%, vegetable and fruit exports have been topping Vietnam’s exports of farm produce over the past 8 months, earning 1.7 billion USD and exceeding the rice export value for the first time. The sector’s export value is expected to reach 2.5 billion USD for the whole year.

(VOVworld) - Geographical indication or GI is a sign used on products that have specific geographical origin and possesses qualities due to that origin.