Autauga county industrial development authority

  Minister of Industry and Trade Tran Tuan Anh (Source: VNA) Hanoi (VNA) - The Comprehensive and Progressive Trans-Pacific Partnership (CPTPP) Agreement would be a vital deal in utilising free trade and ensuring sustainable development in Vietnam, said Minister of Industry and Trade Tran Tuan Anh. Therefore, economic sectors should prepare and take the initiative in economic restructuring in order to maximise the pact, which is scheduled to be inked in Chile on March 8 (local time) by ministers from its 11 member countries, Anh told the Vietnam News Agency (VNA). The minister said such sectors as garment-textiles, footwear, food processing, beverage, confectionery, tobacco, wine and beer will benefit most from the deal. He cited a research jointly conducted by the World Bank (WB) and the research institute under the Ministry of Planning and Investment as saying that Vietnam’s GDP would be 1.1 percent higher in 2030 thanks to the CPTPP. Like other member … [Read more...] about Minister: CPTPP vital to sustainable development in Vietnam

World Bank Country Director for Vietnam Ousmane Dione addresses the meeting in Hanoi on December 5 (Photo: VNA) Hanoi (VNA) – The Ministry of Agriculture and Rural Development (MARD) held a meeting in Hanoi on December 5 to discuss ways to sustainably develop raw material areas and improve processing capacity and market access for agro-products of Vietnam. MARD Minister Nguyen Xuan Cuong said though the agricultural sector of Vietnam has obtained major achievements, it cannot rest on its laurels due to three challenges, which are the small production scale, climate change impacts and economic integration into the world. He admitted that the country has good agricultural production capacity but the production remains ineffective due to the small scale. Besides, deep processing has just developed for only some commodities like shrimp, tra fish and milk to create products with higher added value. Most of other agricultural products have very short value chains. Vietnamese … [Read more...] about Meeting talks sustainable development of agricultural material areas

The workshop on April 12 discusses the development of an “innovation urban area” in HCM City (Photo: VNA) HCM City (VNA) – An international workshop was held in Ho Chi Minh City on April 12 to discuss the development of an “innovation urban area” in the southern metropolis. The innovation urban area will be at the core of the city’s industrial revolution 4.0, Vice Chairman of the municipal People’s Committee Tran Vinh Tuyen told the workshop titled "An Innovation District in HCM City: Towards a Strategic Roadmap". Governance of the innovation hub would be done online and be transparent and without red tape, he said, adding it would strongly develop smart transport and environmental protection. The idea for the hub had been mooted by the city’s Party Secretary Nguyen Thien Nha, who had suggested basing it around the High-tech Park in District 9, the National University in Thu Duc District and the proposed Thu Thiem Urban and … [Read more...] about HCM City studies innovation urban area development

  The cyber-physical learning factory of Festo. Photo courtesy of the company HCM CITY — Festo, a German supplier of automation technology and technical education, plans to expand investment in Việt Nam to take advantage of the increasing foreign investment and production in the country. Ansgar Kriwet, member of the management board of Festo, said Việt Nam has the fastest growing economy in Southeast Asia with a growth rate of 6.5 per cent. Manufacturing is its strongest sector and accounts for more than 50 per cent of FDI, he said. As Asia’s new manufacturing hub, Việt Nam requires strong support from motion automation, he said. Putting industry 4.0 into action means both intensively investigating new technologies and preparing employees for the challenges of future production, he added. Festo’s cyber-physical systems encompass the new developments of networked production in industry 4.0 and offer a modular smart factory system … [Read more...] about Germany automation firm Festo to expand investment in Việt Nam

Hanoi (VNA) – The Saigon International Autotech & Accessories Show (Saigon Autotech & Accessories) will return for the 17th edition in Ho Chi Minh City from May 21 to 24 next year. The event will be organised at the Saigon Exhibition and Convention Centre by the Ministry of Industry and Trade’s Department of Industry, the Asia Trade Fair and Business Promotion JSC (ATFA) and the K-Wellness association of the Republic of Korea. ATFA representative Ninh Minh Uyen said the upcoming event will feature more than 500 booths on 15,000 sq.m. of ground. It is expected to see a rise of 15 – 20 percent in the number of foreign participating businesses and attract 15,000 visitors. The show will keep up with the common trend of the global auto industry, which has been applying artificial intelligence (AI), robotics technology and big data to every stage of the production process in recent years. It will also zone more space for supporting industries like the … [Read more...] about 17th Saigon Autotech & Accessories slated for next May