Samsung’s mobile phones and phone parts are getting more sophisticated and smaller, which change every six months. It is a challenge for Vietnamese enterprises to renovate production lines and technologies, which requires huge capital. “If Vietnamese vendors can provide products with quality, meeting requirements, and at stable reasonable prices, there won’t be a reason for Samsung to refuse to buy products from them,” he said. … [Read more...] about How do VN businesses join the global supply chain?
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Nguyen outlined that consumption demand within the EU can’t be considered as large as emerging markets like China or other developing countries, adding that domestic enterprises must compete with strong rivals in the steel sector such as firms from Japan and the Republic of Korea as a way of penetrating the stringent market. … [Read more...] about Steel sector seeks entry into EU market
A drone sprays fertiliser on a rice farm in Quang Nam Province. The province plans to promote hi-tech farming and join the global agriculture production supply chain. Photo courtesy Loc Troi Group The project is part of a series of demonstrations on the use of drones in rice farming in the central region, with the aim of creating a sustainable agriculture system in central provinces of Khanh Hoa, Binh Dinh, Quang Nam and Quang Tri. … [Read more...] about Drones used in rice farming in central Vietnam
The package, including 3,000 VSMART VFS-410 ventilators and 200 invasive ventilators VFS-510, will be delivered to the Ministry of Health in two phases. The first 1,700 ventilators, including 200 VFS-510 devices, will be handed over within a week, starting August 7. Addressing the handover ceremony, Acting Minister of Health Nguyen Thanh Long thanked Vingroup for lending a helping hand to the country's joint effort to curb the ongoing coronavirus outbreak. … [Read more...] about Vingroup presents 3,200 ventilators to Health Ministry
For example, the garment and textile industry must import 70-80 per cent of raw materials from China, the electronic industry about 77 per cent of the total product value, the pharmaceutical industry 85-90 per cent and the plastic industry around 70-80 per cent of the production cost. … [Read more...] about Local firms struggle to fulfill needs of FDI companies