VietNamNet Bridge – Vietnam is believed to be a powerhouse in global footwear production, largely due to a number of multilateral and bilateral free trade agreements (FTAs), but many enterprises do not believe so. Many foreign footwear companies are moving to Vietnam. Scott Thomas from the US-based Wolverine Worldwide said the enterprise is considering moving its production chains out of China, where high inflation and high minimum wages have led to higher production costs. It is moving to Vietnam because of lower production costs. Ever Rite International, also from the US, completed the relocation of its last factory to Vietnam by September 2013. Oliver Ng, a senior executive of Ever Rite International, noted that the company can see favorable conditions in Vietnam which may allow it to minimize production costs, including the stable dong/dollar exchange rate, low minimum wage, young population and high productivity. According to Lefaso, foreign investors continue to flock … [Read more...] about Will Vietnam become the world’s footwear production base?
5 largest cities in the world
VietNamNet Bridge - The Business Insider magazine of the US has announced the list of the 12 most spectacular caves in the world, including Son Doong in Vietnam. According to the magazine, Son Doong Cave is now the largest natural cave in the world, created by a underground river under a limestone mountain range about 2-5 million years ago. The cave is 150 meters in width, over 200 in height and at least 5 km in length. The top 12 caves in the world in pictures: Son Doong Cave, Vietnam. Morakot Cave, Thailand. Also known as the Emerald Cave, visitors must swim 230 feet in complete darkness to reach the cave's private beach, which is walled in on all sides. The world-renowned Waitomo Glowworm Cave in New Zealand is home to the Arachnocampa luminosa, a worm that emits its own light. Visitors can take a boat ride through the caves and see the glowworms, which look like tiny stars in the darkness. Some of the most interesting caves in the world are the … [Read more...] about Son Doong is one of 12 most remarkable caves in the world
The result comes from a recent survey conducted by the website in 49 cities of 49 countries around the world that attract the largest number of foreign tourists. This result is based on the total cost of one night stay in a four-star hotel, a dinner for two with one bottle of wine and two-way taxi fee for the distance of 3.2km. The average cost in Hanoi is 176.14 USD, compared to 158.42 USD in Sofia . Meanwhile the most expensive city is Oslo with 581.08 USD. Hanoi has just welcomed the 2.5 millionth international visitor. It has set the target of attracting 2.8 million foreign tourists next year. … [Read more...] about Hanoi ranked second cheapest city among 49 destinations in the world
Panama lauds bilateral ties rooted in the sea (03-11-2007) On the occasion of Panama's National Day today, the country's ambassador to Viet Nam, Lizia Lu, spoke to the Viet Nam News. How have bilateral relations between Viet Nam and Panama progressed since the opening of Panama's embassy in Ha Noi last year? Since the opening of the embassy of Panama in Ha Noi last year, a number of issues have been addressed. We have been able to position Panama within the Vietnamese community. By participating as guest lecturers at different universities, we have been able to talk about Panama, its economic potential and its geographic facility in accessing new markets. We have developed excellent relationships with maritime authorities, as this is an area of great importance to Viet Nam. As you know, Panama is well known in the maritime world with more than 80 years of experience. Therefore, we have placed at the disposition of Viet Nam our expertise as well as the facilities that Panama has to … [Read more...] about Panama lauds bilateral ties rooted in the sea
VietNamNet Bridge - The 4G standard Viettel now applies in its trial run is LTE-A, with download speed of 300 Mbps, which is applied in many developed countries. The military telecom group Viettel is now testing 4G in Vung Tau City which, in theory, has the download speed of 300 Mbps, equivalent to Category 6 LTE (Cat 6), the LTE-A commonly used in developed countries. They began using LTE-A technology with 300 Mbps speed not that long ago. In South Korea, which is believed to have the largest coverage in the world (97 percent), for example, LTE-A technology was introduced for the first time in July 2013 by SK Telecom. However, the speed in theory then was 150 Mbps only (Cat 4). Only since 2014 did the network operator begin commercializing the Cat 6 standard with the 300 Mbps speed. Later, 300 Mbps was considered the standard for LTE-A. Vietnamese network operators, for example, now provide 3G with a speed of up to 42 Mbps in theory. However, the average 3G speed in Vietnam is … [Read more...] about How speedy is Vietnam’s 4G in comparison with the rest of the world?