Economy

Cu Thi My, a Can Ty craft-woman, said “The most typical feature of the product is the pattern painted with beeswax. From 2004 on, the craft village has prospered. At the beginning we only weaved for ourselves and later on for tourists who want to buy cloth as souvenirs. I usually deliver products to shops around the Temple of Literature in Hanoi, which sponsors our craft by purchasing all our products.” … [Read more...] about Can Ty brocade weaving village

Despite these challenges, Myanmar remained a lucrative market for Vietnamese companies because of the country’s insufficient production capacity, few strict technical barriers to imported goods, and tax incentives for products imported from ASEAN members. … [Read more...] about Firms urged to be cautious when exporting to Myanmar

It is said that Uniqlo's Hanoi 2,500 square-metre store will be located on two floors of a big shopping centre on Pham Ngoc Thach Street. In 2019, Vietnam saw the arriving of two famous fast fashion brands including Cotton On and Uniqlo. Over the past two years, many international brands have arrived in the country including the much-awaited H&M and Zara. International companies have also acquired some local brands. MTV Global Fashion which owns the Vascara, a strong Vietnamese footwear and bag brand established in 2007, said that they have merged into Japan's Stripe International. Stripe International also bought Nem fashion brand in 2017. According to the Vietnam Retailers Association, there are now more than 200 foreign fashion brands in Vietnam, making up over 60% of the local market which is said to have an average growth rate of between 15-20%. A recent survey by Nielsen showed that the number of Vietnamese people who love well-known brands stands third in the world, just … [Read more...] about International fast fashion brands see opportunities in Vietnamese market

Perhaps it was our common love for a peaceful Viet Nam that rooted my friendship with Larry – someone whom I had once considered the enemy of my family: my parents barely escaped American bombings. It is ironic that Larry’s books helped me imagine how the war was for my Uncle Hải who had fought opposite him and who was never able to talk about his war-related experiences. The insightful conversations I had with Larry as we walked Ha Noi’s Old Quarter, sat side-by-side at the conference room in Huế, or cruised the Perfume River let me understand more about war’s devastating impact on the human soul. … [Read more...] about Larry Heinemann: Born to belong to Việt Nam

Last year, the National Office of Intellectual Property granted geographical indication certification for Bà Rịa Salt, which is produced in Bà Rịa City’s Phước Trung Ward, Vũng Tàu City’s Long Sơn Commune, Long Điền District’s Long Điền Town, and An Ngãi and Phước Hưng communes. … [Read more...] about Salt farmers’ “clean” harvests bring high prices