However, these firms are unlikely to be able to increase their capacity in the near future due to the impact of raw materials and hydrological conditions. Therefore, businesses that are keen on investing in renewable energy must be fully able to utilise opportunities for the development of the clean energy market, a sector that is considered to be a potential field that can serve to boost the revenue of firms in the time ahead. … [Read more...] about VIETNAM’S BUSINESS NEWS HEADLINES JULY 2
Solar powered vapour absorption refrigeration system
Earlier, on April 8, 25-year-old lorry driver Maurice Robinson from Craigavon in Northern Ireland pleaded guilty to 39 counts of manslaughter at the Old Bailey. He had previously pleaded guilty to conspiracy to assist unlawful immigration and acquiring criminal property at the same court on November 25 last year. … [Read more...] about Suspect admits offence in case of 39 Vietnamese lorry deaths
As many manufacturers globally start to rethink their supply chain strategies to address frailties exposed by the pandemic, Vietnam has remained in a strong position. The country has long been an attractive offshoring destination – its share of labor-intensive manufacturing exports from emerging markets grew 2.2% between 2014 and 2017. It could accelerate, especially if companies increase efforts to diversify their supply chain in the wake of the pandemic. A McKinsey survey of fashion sourcing executives published last month supports this view, with 24% of respondents saying they expect to see an increase in production in Vietnam – more than any other location in Asia. … [Read more...] about Emerging from the pandemic, Vietnam must position itself for recovery
By international standards, Vietnam’s response to Covid-19 was early and drastic. The opposite end of the spectrum is represented by Sweden, which did not have a lockdown or even close its schools. While there is something to be said for keeping a country’s economy and education system running, Sweden did suffer 5,280 Covid-19 deaths. The question of which approach produces the best result will no doubt be the subject of research and continued public interest. … [Read more...] about How did Vietnam dodge Covid-19?
One significant factor is Vietnam’s GDP growth of 7.02 per cent last year, and 7.08 per cent in 2018, the highest rate since before the 2008 global financial crisis. With this growth, the country has been able to attract foreign direct investment (FDI) in virtually all sectors, making it an all-rounder for investors from manufacturing, clean energy, aviation, medicine, and pharmaceuticals to real estate, retail, wholesale, and many other vital sectors. … [Read more...] about American groups make progress across Vietnam