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Attending the biannual event with the participation of nearly 1,000 international and Indian companies that showcase garment products, machineries, materials and accessories, Vietnamese entrepreneurs signed minutes of understanding with many Indian partners in the fields of fabrics and children’s garments. The Indian garment industry has a value of about 140 billion USD, 100 billion USD of which is domestic consumption, promising many chances for Vietnam’s one to penetrate into it in the time to come. Since 2014, the two governments have been taking garment as one of the strategic commodities the two sides can intensify their cooperation in. However, the cooperation has remained modest, with about 450 million USD worth of exports from Vietnam to India and the same figure from India to Vietnam last year. … [Read more...] about Vietnamese firms look for garment supplies in India

Tokyo (VNA) – Japan’s Mitsubishi Corp. and Nomura Real Estate Development will join hands with Vietnamese conglomerate Vingroup on a smart urban development project in Ho Chi Minh City, according to Nihon Keizai daily business newspaper. The Japanese companies will invest nearly 100 billion yen (908 million USD) in the project. Vingroup’s commercial real estate developer Vinhomes is carrying out a massive residential area project in HCM City and the project is expected to be completed in 2023. It will be equipped with nearly 50,000 residences as well as schools, hospitals and commercial centres. For the urban development project, Mitsubishi and Nomura Real Estate are partnering with Vinhomes to construct 21 apartment buildings. The project is expected to add approximately 10,000 homes to the city. The two Japanese firms will each invest 40 percent and Vinhomes the remaining 20 percent in the subdivision. Mitsubishi and Nomura intend to move out in front of the … [Read more...] about Japanese firms teams up with Vingroup in smart urban building

“Being able to work with talented and dedicated colleagues, in an entrepreneurial environment that encourages creativity and experimentation with new things, has helped me become more and more mature, accumulate necessary experiences to conquer many new steps in my career,” Anh said. … [Read more...] about Grab’s Vietnam chief quits job after six years of contribution

In 2019, Techcombank added 1.1 million net new customers to bring the total customers served by the bank to 7.3 million. Customers using e-banking services increased from 56 per cent to 76 per cent year on year. Transaction volume and value through Techcombank’s mobile channels increased to 172 million, up 217 per cent compared with the same period last year and VND2.582 trillion (up 244 per cent year on year), respectively, thanks to the ongoing convenience and preference for the bank’s digital solutions. … [Read more...] about BUSINESS NEWS HEADLINES JAN. 24

The companies said they had not added Ethoxyquin in the feed production process and this substance had been found in fish meal imported from Peru and Chile for domestic feed production. But the imports accounted for a small part of the total volume that those partners in Peru and Chile had exported globally. So, it was hard for them to ask fish meal suppliers to not mix Ethoxyquin in fish meal sent to Vietnam, according to VASEP. … [Read more...] about BUSINESS NEWS HEADLINES JAN. 23