Hanoi (VNA) - Vietnam’s footwear sector is now beginning to see positive signs after export revenue for footwear and handbags fell 11 percent year-on-year to 19.5 billion USD in 2020, making it one of the sectors hardest hit by COVID-19. Vietnamese companies have proved their capacity in research and development (R&D) and design, according to Chairman of the Vietnam Leather, Footwear and Handbag Association (LEFASO) Nguyen Duc Thuan. Signs show that Vietnam is further penetrating into the leather-footwear supply chain, he said, as the design and R&D processes rake in high added value for products. The domestic supply of materials for the sector now represents 60 percent. Local businesses can take the initiative in producing soles and moulds, as well as packaging and labelling. This is attributable to their activeness in manufacturing materials locally, Thuan added. In particular, the Gia Dinh Footwear JSC has set up industrial clusters to attract investment in … [Read more...] about Footwear sector further penetrates global supply chain
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Intel channels additional 475 million USD into Vietnam
HCM City (VNA) - Intel had poured an additional 475 million USD into Intel Products Vietnam (IPV), its single-largest assembly and test plant within the Intel Assembly and Test (ATM) network, IPV Chief Financial Officer Alan Danner said on January 27. He made the announcement during a meeting with businesses hosted by Saigon Hi-tech Park (SHTP) in Ho Chi Minh City. This is a new investment following a sum of 1.04 billion USD invested to build a chip assembly and test manufacturing facility at SHTP in 2006, bringing the semiconductor company’s investment in Vietnam to 1.5 billion USD in total. The additional capital was channelled into IPV between June 2019 and December 2020 to bolster the production of Intel’s 5G products, Intel Core processors with Intel Hybrid Technology, and the 10th Gen Intel Core. IPV is an important part of Intel’s production chain across the world, Danner said, adding that the firm will further diversify and improve its activities in … [Read more...] about Intel channels additional 475 million USD into Vietnam
Annual Tết book fair to open in downtown HCM City
The HCM City Journalists Association will display more than 100 special publications from the city’s major newspapers and magazines including Trẻ (Youth), Thanh Niên (Young People) and Sài Gòn Giải Phóng (Liberated Sài Gòn). … [Read more...] about Annual Tết book fair to open in downtown HCM City
Futsal champs cancelled, Việt Nam may have chance to qualify for 2021 World Cup
Trần Anh Tú, member of the AFC’s Futsal and Beach Soccer Committee, said: “It is great if Việt Nam win a chance to go to the World Cup. But the AFC has not made their final announcement yet. We will have to wait and train hard to prepare for the good news”. … [Read more...] about Futsal champs cancelled, Việt Nam may have chance to qualify for 2021 World Cup
People’s Artist, Việt Nam’s voice maestro Nguyễn Trung Kiên dies at 82
His only son Quốc Trung, a music producer known across the country and abroad announced on his Facebook account, which reads, "Thank you for bringing me to this life. Your wish to make your granddaughter happy in a marriage has been accomplished, so you can be free to start your new journey. … [Read more...] about People’s Artist, Việt Nam’s voice maestro Nguyễn Trung Kiên dies at 82
