Minister of Industry and Trade Tran Tuan Anh. (Photo: VNA)

Minister of Industry and Trade Tran Tuan Anh stressed the need to focus on main tasks for next year, warning that 2021 will be another challenging year because the COVID-19 is not over.

"We should continue expanding domestic and foreign markets, popularizing laws, and restructuring the domestic service market. I also suggest improving laws and regulations to effectively implement free trade agreements," he said.

Minister Anh went on to say that it's necessary to create favorable conditions for exploiting the domestic market, such as large logistics service centers. The government and businesses should make good use of digital transformation, he said.

In 2020, Vietnam conducted 550 trade promotions on digital platforms, according to Mr. Anh who later suggested boosting the development of digital platforms and online public services in 2021.

Governor of the State Bank of Vietnam Nguyen Thi Hong. (Photo: VNA)

Governor of the State Bank of Vietnam (SBV) Nguyen Thi Hong said that in 2021, the banking sector will focus on solving problems for businesses and people affected by the COVID-19 pandemic, natural disasters, floods, and climate change. She said the sector will also refinance the social policy bank to support employees and direct credit institutions to ease lending interest rates.

The State Bank of Vietnam will closely monitor macroeconomic and monetary developments to ensure adequate liquidity and 4% inflation, the target set by the National Assembly, according to Ms. Hong.

Minister of Agriculture and Rural Development Nguyen Xuan Cuong pledged to build a modern agriculture and develop the potential of agriculture. The Ministry will accelerate agricultural restructuring and rural construction until 2025.