HCM City (VNA) – The leather – footwear industry of Vietnam now has big opportunities thanks to free trade agreements (FTAs), but to make full use of those deals, it needs to remove bottlenecks relevant to the supporting industry, heard a forum on December 13. The Supporting Industry Forum 2019 was held in Ho Chi Minh City by the Industry Agency of the Ministry of Industry and Trade and the Nhan dan newspaper. It focused on the leather – footwear industry amidst opportunities created by the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) and the European Union – Vietnam FTA (EVFTA). Deputy Minister of Industry and Trade Do Thang Hai said leather-footwear is one of the key exporting industries of Vietnam. With an annual export growth rate of over 10 percent, the industry earned the country approximated 20 billion USD in 2018 and over 10 billion USD in the first half of 2019. The Vietnam Leather, Footwear and Handbag Association … [Read more...] about Footwear sector needs to remove bottlenecks to capitalise on FTAs
Forecasted us gdp growth rates
Hanoi (VNA) - Nearly 400,000 cars were sold in the Vietnamese market in 2019 thanks to valuable gift and discount programmes, which were launched at the beginning of the year, said the Vietnam Automobile Manufacturers’ Association (VAMA). Of the figure, more than 320,300 units were sold by VAMA members, marking a year-on-year increase of 12 percent. The other nearly 80,000 units came from TC Motors. VAMA said that the above sales did not fully reflect the overall figures for the automobile market, because there was also the presence of Audi, Jaguar, Land Rover, Mercedes- Benz, Subaru, Volkswagen, Volvo and Vietnamese automaker VinFast. To achieve the above sales, businesses offered promotions, incentives, discounted car sales and valuable accessories for car buyers. Toyota Motors Vietnam offers up to 100 million VND (4,300 USD) for customers buying Corolla Altis, Vios, Innova and Fortuner cars. VinFast also offers a discount of 100 million VND to buyers of Trailblazer SUVs. … [Read more...] about Discounts drive car sales in Vietnam
However, the growth of businesses needs to be reflected in many aspects, including the scale, value, product scale and tax payment capability. In other words, the growth of businesses must depend on "health", financial capacity, corporate governance and other things, not just rely on the number of enterprises. … [Read more...] about What should be done to help Vietnamese businesses grow?
Congratulating the Cambodian officers on their achievements over the past year, the Tay Ninh delegation expressed delight at the strong partnership between the two sides to build a shared border of peace and cooperation. Cambodian forces have helped search for remains of Vietnamese martyrs in Cambodia, they noted. The Cambodian side thanked the Party, State, people and armed forces of Vietnam as well as Tay Ninh armed forces for saving Cambodians from the Khmer Rouge regime and supporting Sway Rieng in developing their armed forces and boosting socio-economic growth. Chol Chnam Thmay is the traditional New Year of Cambodia. It usually lasts three days. This year’s event will take place from April 14-16. … [Read more...] about Tay Ninh extends greetings to Svay Rieng armed forces on Cambodian New Year
It is expected that temperatures throughout the north of the country will drop to between 11 degrees and 13 degrees Celsius, with several mountainous areas such as Sapa and Mau Son bracing themselves to face temperatures plummeting to between zero and two degrees Celsius, with the addition of ice and frost. … [Read more...] about Northern region faces prolonged cold spell throughout Tet