Top 10 events of Viet Nam’s industry and trade sector in 2019

Viet Nam’s solar energy capacity reaches approximately 5,000 MW

1. The foreign trade surpassing US$500 billion ranked first in the list of ten most significant industry and trade events of the year, which was recently announced by the Ministry of Industry and Trade.

The result was achieved amid the declining global economic and trade growth due to the impacts of trade conflicts and the strategic competition between major economies, especially the trade tensions between the United States and China.

2. Viet Nam implemented its integration policy in a stronger fashion with the CPTPP officially taking effect and the EVFTA being officially signed.

3. The State management over the fight against trade remedies evasion, trade fraud and origin frauds was strengthened, contributing significantly to stabilizing the market.

4. Becoming the first ministry connecting to the national public service portal which was officially launched on December 9, 2019 in the presence of Prime Minister Nguyen Xuan Phuc, Chairman of the National Committee on E-Government.

5. The 10 years of implementing the “Vietnamese people prioritize using Vietnamese goods” campaign was summarized.

6. The explosive growth of e-commerce has made Viet Nam one of the most potential markets in the ASEAN region.

7. Viet Nam’s electricity access index continued to improve, increasing for the sixth consecutive year with 88.2 points, according to the World Bank’s assessments in its Doing Business 2019 report.

8. Viet Nam succeeded in manufacturing the standby 500kV transformer with a capacity of 467 MVA.

9. The process of restructuring market management forces achieved positive results.

10. Viet Nam has achieved a breakthrough in solar energy development with an installed capacity of nearly 5,000 MW.

By Vien Nhu