(VOVworld) – 2014 was an important year for Vietnam’s agriculture sector in implementing the restructuring plan approved by the Prime Minister last June. The sector has developed the large-field farming models and specialized material production zones for exports. Initial results suggest these models will furnish a sustainable development direction for the agricultural sector.

(VOVworld) – In 2014, Vietnam’s FDI attraction has seen improvement in both quality and quantity with much investment in high-tech, processing technology, manufacturing, and infrastructure development. Vietnam has been praised for creating a more favorable business environment for foreign investors.

(VOVworld) – In 2014, Vietnam’s economic restructuring program has focused on public investment, corporate, banking and financial reform. Despite worse results than hoped, the government’s efforts to boost economic restructuring have proven effective, creating a foundation to speed up the process in the next phase.

(VOVworld) – Vietnam has exported a great deal of agricultural and aquatic products but many items remain in the form of raw materials. This issue is receiving much attention from the Vietnamese government in its strategic export orientation.

(VOVworld) – The just-concluded visit by Party leader Nguyen Phu Trong to Russia has marked a new milestone in strengthening the comprehensive strategic relations between Vietnam and Russia. Along with 9 cooperative agreements signed during this trip, economic and trade cooperation will be promoted.

(VOVworld) – In the master-plan on economic restructuring approved by the Prime Minister last year, bank restructuring and handling bad debts are considered key tasks. The settlement of bad debt has gained initial results after the program to restructure the banking system was launched 3 years ago.

(VOVworld) – The trade cooperative program to connect supply and demand between Ho Chi Minh City and the eastern and southwestern provinces over the past 3 years has positively impacted supply resources and distribution networks. The program has gathered producers, farmers, and distributors to jointly find ways to ensure a qualified and stable supply for businesses in Ho Chi Minh City while expanding outlets for agricultural producers.

(VOVworld) – Public investment restructuring is one of three key areas for restructuring the national economy over the past three years. The other two are SOEs and the banking system. At the ongoing NA meeting, a number of deputies have proposed ways to complete this important mission.

(VOVworld) – In line with Vietnam’s commitment to WTO, beginning January 11, 2015, foreign retailers will be allowed to establish a 100% foreign owned business in Vietnam instead of the current maximum of 50%. From that point, Vietnamese retailers will have to compete directly with foreign businesses in the domestic market. What should Vietnamese companies do to attract customers and increase their market share?

(VOVworld) - A national campaign to encourage Vietnamese people to buy made-in-Vietnam products has significantly changed Vietnamese buying habits. Vietnamese products now account for a large proportion in shopping malls, supermarkets, and stores, both urban and rural. The campaign has worked because it has encouraged domestic businesses to improve their products’ quality and competitiveness. VOV reports…