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Converting production activities to adapt new situation Regarding this issue, Ms. Phan Thi Thanh Xuan, an expert from the project on promoting reform and enhancing connectivity of small and medium-sized enterprises funded by the US Agency for International Development, said that the leather and footwear industry had been negatively affected last year since the outbreak of the pandemic. At that time, most enterprises merely had enough materials for production until the first week of March. From March onwards, the pandemic spread from Italy to all countries in Europe and the US, shutting down this market. Almost all stores from Europe to the US were closed, and sales fell freely. Another problem is that prolonged pandemic has changed the trends, as well as the habits of consumers in the market. More than 60 percent of consumers have cut down expenses on fashion products. About 65 percent of consumers have switched from fast fashion to basic and durable fashion products, and 67 percent … [Read more...] about Footwear industry needs to resolve difficulties to make breakthrough

Prime Minister Nguyen Xuan Phuc, attending a conference reviewing industry and trade in 2020, said he was happy to hear that despite difficulties, Vietnam still had 31 export items which brought turnover of over $1 billion, of which nine items had turnover of over $5 billion and six over $10 billion. … [Read more...] about Vietnam sees record-high exports in 2020, but worries about trade accusations

Vietnam is achieving excellent results against the pandemic and should benefit with a V-shaped economic recovery as soon as the crisis is over, which should boost new foreign investments. One of the biggest challenges in the coming years for sustainable development remains in developing renewable energy at a fast pace and avoiding dependence on coal. … [Read more...] about VRDF highlights advantages of value chain development

He said the glass segment in the southern market had shown positive development, adding that the company had successfully set up Viglacera Float Glass Company in Binh Duong Province and Phu My Ultra White Float Glass Factory in Ba Ria - Vung Tau Province. — VNS … [Read more...] about Ceramic firm Viglacera report profit up 15 per cent in 2020

In response to that need, Thương researched and transferred clean technology to local farmers such as the process of growing red Ganoderma Lucidum in organic standards on an industrial scale and automatic fogging technology to help farmers reduce time and labour and ensure uniformity of moisture and ventilation in the mushroom houses. … [Read more...] about Scientist helps farmers profit from medicinal mushrooms