Without the CPTPP, Vietnam’s textile and garment products would face difficulties in entering markets such as Australia, Canada, and New Zealand because they had to compete with a giant rival from China, and Vietnam had not signed FTAs with those markets. However, after the CPTPP took effect, the most obvious benefit we can see is the industry has opened its doors to these markets. For instance, Canada’s demand for textile and garment products was worth some $13-14 billion each year, only 5 per cent of which was provided by Vietnam. … [Read more...] about Textile sector set for success
Vietnams apparel sector increasingly attractive to foreign investors
Voice recognition technology, artificial intelligence (A.I), blockchain and big data are the major trends at startups in Vietnam in 2020. “In just several more years, Vietnam will have many good engineers in AI and the number of startups in AI will be increasing,” Hung said. … [Read more...] about AI is trend at Vietnam’s startups
I can’t speak for other expats but I felt APEC was an underwhelming spectacle of sirens, motorcades and young policemen repeatedly waving their traffic truncheons in the pouring rain. It was a bizarre feeling as roads became deserted while other avenues were lined with crowds waiting to catch a glimpse of someone in a black tinted car whizzing pass. … [Read more...] about APEC and Damrey in Vietnam: Whew! It’s over!
The nation also gained high growth in pepper exports to some markets including Thailand, Russia and Turkey. The exports surged by 89.4 per cent in volume and 46 per cent in value to Turkey, 40.6 per cent in volume and 10.3 per cent in value to Russia, and 34.8 per cent in volume and 0.6 per cent in value to Thailand. … [Read more...] about Pepper price to remain low this year
Kien Giang (VNA) - The Mekong Delta province of Kien Giang will focus on increasing the value and competitiveness of its agriculture produce this year, especially key items such as rice and fisheries, according to the provincial Department of Agriculture and Rural Development. Kien Giang, the country’s largest rice producer, targets producing 4.3 million tonnes of paddy this year, as well as catching and breeding a total of 755,000 tonnes of aquatic species, including 85,000 tonnes of shrimp. Last year, the province harvested more than 4.2 million tonnes of paddy and the rate of high quality rice farming area accounted for 72 percent of the province’s total rice farming area. The province also had 56 large - scale rice fields with a combined area of more than 33,000ha in many districts like Hon Dat, Go Quao, Tan Hiep and Chau Thanh districts. It caught and bred a total of 845,430 tonnes of aquatic species last year. Of the figure, the outlet of shrimp cultivation was … [Read more...] about Kien Giang aims to raise value of key farming products