The positive results posted by Vietnamese manufacturers in support industries over the last 20 years have come mostly on the back of the development of the local motorcycle industry. Despite the government’s policies to limit the number of vehicles on Vietnam’s streets, there have been many opportunities in place for manufacturers to grow, according to Ms. Truong Thi Chi Binh, Vice Chairwoman and Secretary General of the Vietnam Association of Supporting Industries (VASI). “They are willing to be involved further in automobile support industries once volumes in the industry are sufficiently large, along with government support in terms of policies,” she said. Bright side The Export Mechanical Tool JSC (EMC), the Nhat Quang Steel Limited Company, and the Manh Quang Mechanics Co. - three of VASI’s 224 members - have posted good results from the flourishing motorcycle market. Reaching 3.38 million local and imported vehicles in 2018, Vietnam stood behind … [Read more...] about Auto support industries falling short
Coal power plants in china
Foreign markets tighten control on origin traceability
The situation, however, has produced both opportunities and challenges for Vietnamese enterprises in building a trademark for local farm produce that is recognized in foreign markets. Cao Thi Kim Lan, director of Binh Dinh Fishery JSC, said that due to the European Commission’s yellow card on Vietnam’s seafood exports to the European market, 100% of the firm’s exported seafood products were being detained at destination ports for check. The firm has faced multiple difficulties in meeting requirements related to the origins of legal fishing products. Of the 10 fishing boats supplying these materials, the company has only made purchases from three or four boats that have succeeded in meeting the requirements, while the remaining boats failed to sell their products as their owners could not present any fishing diaries or identify their fishing locations. Keeping detailed diaries on fishing practices seems strange to fishermen who are used to traditional fishing … [Read more...] about Foreign markets tighten control on origin traceability
Vietnam, Philippines seek to expand defense ties
The Vietnamese Deputy Defense Minister also had talks with other high-ranking officials of the host country, including Defense Minister Delfin N. Lorenzana, National Security Adviser Hermogenes Cendana Esperon Jr., and Executive Director of the Cabinet Cluster on security, justice, and peace at the Office of the Presiden, Emmanuel T. Bautista. During the dialogue and talks, Filipino officials highly appreciated the visit to the Philippines by the Vietnamese military delegation, led by General Vinh. They emphasized that the bilateral defense cooperation has contributed considerably to expanding the strategic partnership and stressed that Manila prioritizes cooperation in all spheres, including the defense sector, with Hanoi, as the two countries share many common strategic interests and challenges. Senior Lieutenant General Nguyen Chi Vinh (L) and Filipino Defense Minister Delfin N. Lorenzana The host officials took this occasion to express a deep thanks to … [Read more...] about Vietnam, Philippines seek to expand defense ties