Mr. Do Thang Hai, Deputy Minister of the Ministry of Industry and Trade (MoIT), said that although the Covid-19 pandemic was complicated, the export turnover of agricultural, aquatic, and seafood products in 2020 still increased by 1.6 percent year-on-year, exceeding US$30 billion, at the Vietnam International Food Industry Exhibition 2020 (Foodexpo 2020) organized by the Department of Trade Promotion under the MoIT on December 9.

The production situation of the food, foodstuff, and beverage processing industry is estimated to have decreased by 2.2 percent since the beginning of the year. Facing that fact, many domestic enterprises have increased their market share in the domestic market to limit the losing momentum.

There are more than three months left until the end of 2020 with too many fluctuations and impacts caused by the Covid-19 pandemic. To complete the annual revenue plan, most enterprises choose the plan to increase promotion, reduce the prices of goods to stimulate consumer demand, while minimizing costs to retain employees.