It is an Italian-funded joint project between the university and the Italian Trade Agency with technical support from the Association of Italian Textile Machinery Manufacturers and the International Polytechnic for Industrial and Economic Development.Prof Dr Vu Dinh Thanh, rector of the university, said the centre is equipped with Italian machinery and equipment, while Vietnamese lecturers and engineers have been trained by Italian experts.The centre would be a reliable place for training and supplying manpower for Vietnamese and Italian textile-garment businesses, he said.“With the Italy-Vietnam Textile Technology Centre, Vietnamese textile-garment enterprises will be able access advanced technology and interact with professors and researchers from Italian universities.”Nguyen Phuong Dong, deputy director of the HCM City Department of Industry and Trade, said the garment and textile sector has developed strongly with exports topping US$21.4 billion in the first 10 months … [Read more...] about HCM City gets Italy-Viet Nam Textile Technology Centre
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United Nations allocates over USD 4 million for emergency disaster response in Viet Nam
Typhoon Damrey made landfall on November 4th 2017, causing widespread flooding and destruction across the central and south-central regions of Viet Nam. An estimated 4.33 million people have been affected, including 400,000 people who require humanitarian assistance. An Emergency Cash Grant of USD100,000 from the Office for the Coordination of Humanitarian Affairs (OCHA) was allocated on November 15th 2017 to support immediate relief operations. The additional funding from CERF will allow UN agencies to scale up water, sanitation and hygiene, food security and livelihoods, and emergency shelter recovery activities after more than 300,000 houses were damaged or destroyed. “The UN’s CERF funds will cover immediate life-saving needs and support time-critical interventions over the next six months,” said Kamal Malhotra, UN Resident Coordinator in Viet Nam. “Typhoon Damrey and the ensuing floods have severely impacted people in central Viet Nam. In close … [Read more...] about United Nations allocates over USD 4 million for emergency disaster response in Viet Nam
Fintech Challenge Viet Nam to Catalyze Financial Inclusion
The Fintech Challenge Viet Nam is being organized by the SBV with the support of the Mekong Business Initiative, a program funded by the Government of Australia and the Asian Development Bank (ADB). In addition, the Viet Nam Bankers Association and the Viet Nam Fintech Club are co-sponsors of the program. Program Partners include 7 commercial banks (BIDV, Shinhan Bank, TP Bank, VIB, Vietcombank, VietinBank, VP Bank) as well as FPT, Vietnam Silicon Valley, and VIISA. The program is aimed to spur innovation in financial services that promote greater financial inclusion in Viet Nam. Viet Nam’s financial sector has grown substantially but financial institutions still find it challenging to provide financial services to underserved customer segments including small businesses, rural populations, and urban migrants. The recent worldwide explosion of financial technology (fintech), including in Viet Nam, promises to fill this gap. The focus of the Challenge is on fintech solutions … [Read more...] about Fintech Challenge Viet Nam to Catalyze Financial Inclusion
Viet Nam’s image, potential highlighted in Romania
Viet Nam’s achievements in economics, politics and foreign affairs, as well as the country’s beauty and people, were featured in a photo exhibition and a seminar recently held in Bucharest, Romania. The event was organised by the Centre for Indochina Studies, under the Bucharest Academy of Economic Studies, in collaboration with the Vietnamese Embassy in Romania. Introducing the country’s brilliant success in various fields after over 30 years of Doi Moi (reform), Vietnamese Ambassador to Romania Tran Thanh Cong highlighted that these achievements have elevated Viet Nam’s economic and political position within the international arena. The successful hosting of the APEC 2017 Economic Leaders’ Week is clear proof for the country’s deep integration into the regional and global economy, he stressed. Regarding Viet Nam-Romania relations, Cong affirmed that both sides have considerable potential, advantages and opportunities to boost their cooperative … [Read more...] about Viet Nam’s image, potential highlighted in Romania
Tea maker Dilmah confident of growth in Viet Nam
Sri Lankan tea brand Dilmah expects to enjoy 20 per cent growth annually for the next several years.Speaking on the sidelines of an event dubbed Real Tea Appreciation in HCM City last Friday, Dilhan Fernando, CEO of Dilmah Tea, said: “In the imported tea segment [in Viet Nam], we are growing. We offer different tastes, different flavours, and different stories [of tea]... We are very happy with the growth in Viet Nam.”Many Vietnamese are looking for different tastes and experiences not only in tea, but also in food and beverages, he said.It is a great opportunity to “present Vietnamese consumers with something different at Taste of Ceylon,” he said.Real Tea Appreciation, held for the first time in Viet Nam by Dilmah, sought to introduce new tea experiences to tea lovers and hospitality professionals.It was attended by VIPs from Viet Nam’s premium hospitality sector who were introduced also to the history and categories of teas, basics of the tea … [Read more...] about Tea maker Dilmah confident of growth in Viet Nam