Day: July 25, 2021

A strategy for developing domestic trade between 2021 and 2030 has been signed off by Deputy Prime Minister Le Van Thanh, aiming to raise domestic trade’s proportion in the country’s GDP to 15 – 15.5 percent in the next 10 years.

Under the strategy, domestic trade will grow by an average 9 – 9.5 percent a year, and retail sales of goods and consumer service revenue by 13 – 13.5 percent during the period.

By 2030, domestic trade via e-commerce is expected to increase by about 20 – 21 percent annually to account for 10.5 – 11 percent of total retail sales of goods and consumer service revenue. The percentage of small- and medium-sized enterprises involved in trading activities is hoped to surpass 40 – 45 percent.

The strategy looks to achieve fast and sustainable growth of domestic trade, build brands for Vietnamese goods, and protect the interests of consumers, businesses, and the national economy.

Among the main orientations to develop domestic trade, authorities are set to press on with improving the investment and business climate, form a market order adaptable to the new context, develop domestic trade stably and sustainably, keep domestic trade’s growth faster than the GDP growth, and develop e-commerce into the main form of trading.

This strategy also points out the need for all-level authorities to develop uniform, modern, and sustainable infrastructure for domestic trade that matches the development level in each area, especially rural and ethnic minority ones.

They are also tasked with forming a system of logistics centres, building major logistics centres in key economic regions, continuing to support the establishment of large distribution enterprises, and making and implementing support policies for businesses, especially those trading in agricultural products.

Source: Vietnam News Agency

Thach Kim Tuan, Vietnam’s medal hope in men’s weightlifting event at Olympic Tokyo 2020, has failed to perform at his best on July 25.

Contesting in the 61-kg category, Tuan failed in his first attempt at snatch of 126kg and succeeded at the second attempt. However, when the weight was raised to 130kg, he could not make it, and had to settle at the 8th place with 126kg.

In the clean and jerk lift, Tuan failed the first two attempts of 150kg. In his third attempt, when the weight was increased to 153, his performance was rejected by two judges, leaving him without any points.

The second Vietnamese athlete competing in the afternoon of July 25 was boxer Nguyen Thi Tam. She was defeated 2-3 by Stoyka Krasteva of Bulgaria. This is the first time Vietnamese female boxing has had a representative at the Olympic Games.

In the morning the same day, Vietnamese athletes were also not successful in their competition in rowing and judo.

Later on the day, badminton player Nguyen Tien Minh will play Anders Antonsen of Denmark in the group match of badminton’s men’s single

Source: Vietnam News Agency

The Mekong Delta province of Kien Giang is working to grant identification codes to all local brackish water shrimp farms from now to September.

Quang Trong Thao, Deputy Director of the provincial Department of Agriculture and Rural Development, said identification codes help ensure origin traceability, which is a requirement of shrimp importing countries.

The code provision is also a step towards scientific and modern management over this industry, he noted.

The farming of brackish water shrimp spans more than 134,230ha in Kien Giang, including over 3,680ha under industrial and semi-industrial models, 102,500ha under the shrimp – rice production model, and over 28,000ha under extensive and improved extensive farming models.

They concentrate in the districts of Giang Thanh, Kien Luong, Hon Dat, An Bien, An Minh, U Minh Thuong, Vinh Thuan, and Go Quao, and Ha Tien city.

The farming produces about 95,000 – 100,000 tonnes of shrimp for the province each year.

Source: Vietnam News Agency