Vietnam trade partners

According to economic experts, the garment and textile industry of Vietnam will advance further in global market thanks to several existing advantages such as skilled laborers with sophisticated technique. In Vietnam, garment labourers earn lowest incomes: workshop VN garment industry eyes $60 billion from exports by 2025 Many economic experts at the global textile and apparel supply chain conference held the first time in Ho Chi Minh City said that Vietnam will be an attractive destination for foreign garment and textile companies this year so the country must be cautious and selective about this capital source so as to avoid being applied trade protectionism measures by import markets. Vietnam needs foreign direct investments in fiber, dyeing and raw fabric.  Analyzing the potential of garment and textile industry of Vietnam, Mr. Vu Duc Giang, chairman of the Vietnam Textile and Apparel Association (VITAS), said that there are 7,000 enterprises in the industry, … [Read more...] about Vietnam’s garment, textile industry expected to lure much foreign investment this year

  Deputy CEO of Vietnam AIrlines Trịnh Hồng Quang (second from left) receives the ASOCIO ICT Award 2019 in Kuala Lumpur. — Photo Vietnam Airlines   HÀ NỘI — National flag carrier Vietnam Airlines has won the 2019 ICT Award from the Asian-Oceania Computing Industry Organisation (ASOCIO) for its outstanding achievements and important contributions to the development and application of information technology in operation and services. The carrier was the only Vietnamese enterprise to be honoured at the ASOCIO ICT Awards, which were presented at the ASOCIO-PIKOM Digital Summit in Kuala Lumpur, Malaysia last week. The ASOCIO ICT Awards are leading prestigious information technology awards, with great influence in the region of 24 member economies. This year marks continuous efforts by Vietnam Airlines to become a digital airline. Digital airline In order to become a digital airline, Vietnam Airlines has continuously promoted … [Read more...] about Vietnam Airlines takes off with digital transformation

The US has been a leading economic and trade partner of Vietnam for many years. According to the General Department of Vietnam Customs, in 2018, Vietnam exported goods worth US$47.5 billion to the US, accounting for more than 20 percent of Vietnam’s export value in the same year, and up 14.2 percent from 2017. The country imported goods worth US$12.8 billion from the US, up 36.4 percent from the previous year. In the first seven months of this year, bilateral trade reached US$41.1 billion, 24 percent more than in the same period last year. The US has become a top 10 foreign investor in Vietnam with total registered capital of more than US$9.3 billion. Meanwhile, Vietnam’s ranking as an exporter to the US has improved from 12th place in 2018 to the 9th place in 2019. Mary Tarnowka, Executive Director of the American Chamber of Commerce in Vietnam (AmCham Vietnam) said the Vietnamese market is growing steadily with many advantages such as abundant human resources, and … [Read more...] about Vietnam, an attractive destination for US investors

Vietnamese furniture (Source: VNA) Hanoi (VNA) – Vietnamese wooden furniture and handicraft companies are showcasing their products at the International Furniture Fair Singapore 2018 (IFFS-2018), which opened in the island country on March 8. Vietnamese Trade Counsellor in Singapore Tran Thu Quynh said the Ministry of Industry and Trade has recently worked with concerned bodies, particularly the provincial Departments of Industry and Trade, to promote Vietnamese products in international markets. The event presents an opportunity for Vietnamese furniture firms to seek new ways for their products in the context that the interior industry is focusing on environmentally-friendly products. Le Thi Thuan, Director of the Qua Thuan Handicraft Manufacturing and Trading Company, said this is the third time her company has attended the event. It is a good opportunity for her enterprise in particular and other Vietnamese furniture producers to promote their products as well as seeking … [Read more...] about Vietnam firms participate in int’l furniture fair in Singapore

The Can Tho Heritage Marathon 2019 had been scheduled to take place on December 1. (Illustrative image. Source: internet) Can Tho (VNA) – The Can Tho Heritage Marathon 2019, the first of its kind in Can Tho city, will be renamed the Japan-Mekong entrepreneur run. Pham Van Luan, Director of the Department of Culture, Sports and Tourism of Can Tho, said Duc Huong Anh Co., Ltd had initially registered to work with the department and the Vietnam Chamber of Commerce and Industry to organise the Can Tho Heritage Marathon 2019 following the model of heritage marathons in Hanoi, Ho Chi Minh City and Ha Long city in the northern coastal province of Quang Ninh. The race had been scheduled to take place on December 1, he said, adding that as the centre of the Mekong Delta and with blooming marathon movements, Can Tho had been selected to host the event. However, given some problems with the sponsor Duc Huong Anh Co., Ltd, the department suggested the municipal People’s Committee … [Read more...] about Can Tho Heritage Marathon renamed to boost Vietnam-Japan ties