Effectiveness generates from linkages Despite its youth, Minh Nguyen Supporting Industry JSC has invested heavily in technologies to produce quality products, thanks to its steadfastly aims to participate in the global supply chain since its inception in 2015. From then till now, only three years after its establishment, Minh Nguyen has become a reliable manufacturer of plastic components for multiple industries, such as digital household goods, electronic components and car parts, as well as becoming a first-tier supplier for Samsung Vietnam. Citing specific examples of the effectiveness of the linkage between domestic and FDI enterprises, Professor Nguyen Mai, Chairman of the Vietnam Association of Foreign Invested Enterprises (VAFIE), said that in 2008-2018, Samsung has invested over US$17.3 billion in Vietnam and recruited 170,000 workers. In 2014, Vietnam had four enterprises as Samsung's first-tier suppliers. At present, Samsung has more than 200 Vietnamese supporting … [Read more...] about “Handshakes” needed to boost supporting industry in Vietnam
Garment industry in vietnam
Illustrative image (Source: VNA) HCM City (VNA) - The Vietnam Textile and Apparel Association (VITAS) and the World Wildlife Fund (WWF) launched a water risk report for Vietnam’s textile and garment industry and a tool for assessing water risks in the Mekong region in Ho Chi Minh City on November 28. According to Van Ngoc Thinh, Country Director of WWF, as Vietnam’s textile and garment industry depends significantly on water and energy for production, it needs to have initiatives to promote its sustainable development, thus contributing to the national economy and ensuring goals on environment. The two report and tool are expected to support garment and textile enterprises’ development in the future. The report “Textile and Garment Sector in Vietnam: Water Risks and Solutions” features 12 recommendations of the WWF to boost links among relevant agencies of the sector while promoting the management and improvement of water resources and sustainable … [Read more...] about Water risk report for garment industry launched
Large corrugated metal roofs, small corrugated metal roofs and farmland. Satellite images of Tan Vinh Hiep Commune in the southern province of Binh Duong don’t show much more, but on the earth, these pictures are worth more than the proverbial thousand words – they tell a thousand stories, and counting. The commune stands just an hour's drive north of Ho Chi Minh City in Tan Uyen Town, and the satellite images are typical of Vietnam's economy in the 21st century. The large corrugated metal roofs are those that cover factories spanning thousands of square meters. Such factories have been the core economic component of both Tan Uyen and the whole province for decades. And most of these factories belong to foreign direct investment (FDI) companies. Surrounding the factories are the small corrugated metal roofs, just over 2 meters wide, dozens of meters long, branching out from the roads and alleyways around the factories. These are the roofs of dormitories for migrant workers … [Read more...] about The dark side of FDI in Vietnam
Arts Jennifer Vanderpool stages exhibition on garment industry Thursday, May 17, 2018,19:28 (GMT+7) Jennifer Vanderpool stages exhibition on garment industry An exhibition of prints, textiles and poetic documentary, titled “Garment Girl”, by Los Angeles-based artist Jennifer Vanderpool will be opened at Heritage Space in Hanoi on May 20. Vanderpool, in collaboration with Hanoi-based artist and fashion designer Hong Pham, will introduce the process of installing artwork in the gallery space: a multifaceted combination of costumes, wall paintings and photographs. Visitors will be able to observe the entire job of installing an exhibition and directly interact with the artists. They will also have the opportunity to take part in some processes. The idea of “Garment Girl” comes from “Worker”, an exhibition that Vanderpool created while she was the artist-in-residence at Claremont University, … [Read more...] about Jennifer Vanderpool stages exhibition on garment industry
VietNamNet Bridge - Tran Anh Tuan, deputy director of the HCMC Center for Human Resources Forecasting and Labor Market Information, cited an ILO report as saying that the risk of losing jobs has increased in the 4.0 industrial revolution era. The risk of losing jobs has increased in the 4.0 industry revolution era Vietnam has been warned that 5 million jobs may be lost by 2020 as it has a 3.79/10 score for the quality of the labor force, ranked 11th out of 12 countries in Asia, and a 4.3/10 score in human resources competitiveness index. Other indicators for Vietnamese workers are also low. Only 20.3 percent of Vietnamese workers had training or degrees/certificates in 2015. Vietnamese are weak at soft skills, such as foreign language, IT, teamwork, communication, and professional ethics. The ILO report also pointed out that 86 percent of workers in the textile & garment industry in Vietnam, 64 percent in Indonesia and 88 percent in Cambodia will face the risk of … [Read more...] about Will 5 million jobs in Vietnam be lost in the 4.0 industrial revolution?