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Vietnamese textile industry sees huge export opportunities

March 8, 2021 by en.vietnamplus.vn

Vietnamese textile industry sees huge export opportunities hinh anh 1 A production line at the The Ky Yarn Joint Stock Company (Photo: VNA)

HCM City (VNS/VNA) – The textile and apparel industry , which managed to survive three waves of COVID-19 thanks to its decision to produce face masks and personal protective equipment, will focus on sportswear and yarn, according to the Vietnam National Textile and Garment Group .

Le Tien Truong, its general director, said demand for face masks and personal protective equipment will shrink rapidly.

Armed with their experience of coping with the pandemic, many textile and footwear enterprises are quietly confident of altering plans when required and finding new markets to cope with new situation after COVID-19 is under control.

Sportswear has arguably been the most successful segment during the pandemic as awareness of physical exercise rose.

According to Euromonitor International, in 2020 the demand for sportswear world-wide decreased only about 8 percent, the lowest in an industry which saw an overall decline of 16 percent.

The compounded annual growth rate for the sportswear market in the last five years was 6.5 percent, 1.5 times the industry average, and it is expected to be worth 479 billion USD globally by 2025.

The Thanh Cong Textile Garment Investment Trading JSC is considered one of the most successful businesses in 2020 thanks to seizing opportunities to export COVID-19 related apparel products such as fabric masks and PPE.

But Tran Nhu Tung, its deputy general director, said the demand for cloth masks and protective gear is returning to pre-COVID levels with the advent of vaccines. This year his company has stopped taking orders for medical protective gear and antibacterial masks.

It is focusing on traditional products such as T-shirts and sportswear, demand for which would continue to increase, and there are already enough orders for sportswear for the first 6 months of the year, he said.

According to the Vietnam Textile and Apparel Association, many businesses now have orders for until the end of April, mainly for sportswear.

Dang Trieu Hoa, general director of the The Ky Yarn Joint Stock Company, said his company plans to focus on yarns with high quality and competitive prices.

The EU-Vietnam Free Trade Agreement (EVFTA) that took effect on August 1 last year has reduced tariffs on Vietnam’s garment exports by more than 70 percentage points.

The footwear and textile sectors also benefit significantly from tariff cuts, according to Bao Viet Securities Joint Stock Company.

With most other countries that export textile and garment to the EU not having a trade deal with the bloc, the EVFTA has opened up a great opportunity for Vietnam’s footwear, textile and garment exports if companies meet origin requirements, it added./.

VNA

Filed Under: Business textile and apparel industry, COVID-19, Vietnam National Textile and Garment Group, sportswear market, EVFTA, vietnamplus, vietnam news agency, Business, ..., textile industry development, creating import export business opportunities worldwide, import and export industry, industrial automation opportunities

Ha Noi to review planning of industrial and export processing zones

March 9, 2021 by bizhub.vn

Workers in Sumi-Hanel Company in Ha Noi’s Sai Dong B Industrial Zone.— VNA/VNS Photo Huy Hung

Ha Noi is requiring relevant agencies to review the planning of the city’s industrial and export processing zones to make them develop more effectively.

Nguyen Manh Quyen, vice chairman of the People’s Committee of Ha Noi, said after reviewing, the Management Board of Ha Noi Industrial and Export Processing Zones (HIZA) must propose changes to make it suitable with the city’s current development. The changes can relate to the termination of some existing zones or addition of more zones to the city’s planning.

Planning was the most important issue determining the effective development of industrial zones in the city, Quyen noted.

Currently, there are nine industrial zones in operation in Ha Noi, covering a total area of 1,369 ha. The occupancy rate reaches 95 per cent.

Last year, the industrial zones attracted 11 new investment projects with registered capital of US$32.8 million and VND144.4 billion. Another 21 existing investment projects in the zones also added more registered capital worth $72.9 million and VND147 billion during the year.

The revenue of enterprises in the industrial zones reached $7.6 billion last year, down 2 per cent compared to 2019. They contributed $235 million to the State budget, down 3 per cent against 2019.

The enterprises’ turnover in the first two months of 2021 reached $1.24 billion while their export and import values were $838 million and $748 million, respectively.

Tran Anh Tuan, HIZA’s deputy head, admitted the attraction of investment in the city’s industrial zones was still low, with no large-sized and high-tech projects.

The People’s Committee of Ha Noi has so far also required HIZA to set targets for the city’s zones with focus on attracting investment until 2025.

According to investors in the zones, their operation is still facing difficulties as authorities make too many overlapping inspections and examinations. Besides, the administrative procedures are still cumbersome and time-consuming for investors.

Quyen directed HIZA to consider and propose to the city to remove the difficulties for the investors. — VNS

Filed Under: Uncategorized Hanoi, industrial and export processing zones, People's Committee of Ha Noi, News, People's Committee of..., greatech philippines inc - cavite export processing zone, phil export processing zone, sekondi export processing zone, mactan export processing zone, mactan export processing zone 1 lapu-lapu city cebu, mactan export processing zone 2, mactan export processing zone 1, sialkot export processing zone

Kien Giang’s export turnover picks up 12 percent

March 8, 2021 by en.vietnamplus.vn

Kien Giang’s export turnover picks up 12 percent hinh anh 1 Rice is among key exports of Kien Giang province. (Photo: VNA)

Kien Giang (VNA) – The Mekong Delta province of Kien Giang gained more than 103 million USD from exports in the first two month of the year, surging 12 percent from the same time in 2020.

This is a robust sign in the locality’s trade activities amidst complicated developments of COVID-19.

According to the provincial Department of Industry and Trade, growth was seen in the shipment of seafood (over 37 million USD, up 25.6 percent), and leather shoes (over 22.6 million USD, up nearly 3 percent). Meanwhile, export of rice fell 35.37 percent year-on-year to 17 million USD.

With a view to boosting exports, the province has sharpened focus on trade promotion activities, as well as worked to consolidate traditional markets and expanding markets for local key products, particularly rice and seafood.

In the meantime, the department keeps local exporters updated with the import-export situation and measures to contain the spread of COVID-19 through goods which go through border gates or unofficial border crossings.

It has provided local firms with domestic and foreign market information so that they can pen suitable production plan.

The provincial authorities have ordered the Department of Industry and Trade to join hands with competent departments and agencies to keep a close watch on the business and exports of local firms so as to remove bottlenecks for them in a timely manner.

Along with seeking more markets for local products, the department has worked to raise the firms’ awareness of the signed free trade agreement, helping them adjust their production to meet import demands of international buyers./.

VNA

Filed Under: Uncategorized Mekong Delta province of Kien Giang, export turnover, trade activities, traditional markets, unofficial border crossings, production plan, free trade agreement, ..., overstock 12 percent off, dao nam du kien giang, rao vat kien giang, nha dat kien giang, thaco kien giang, thach dong ha tien kien giang, kien giang province, kien giang province vietnam, kien giang bakery, cho tot kien giang, bao kien giang, hotel kien giang

Nguyen Thi Nga – Top Vietnamese influencer

March 8, 2021 by www.vir.com.vn

1534 p27 nguyen thi nga top vietnamese influencer
Deputy Prime Minister Truong Hoa Binh granted Madame Nga a certificate for her valuable contributions to the ASEAN business community

BRG Group, under the apt leadership of chairwoman Nguyen Thi Nga, has gone out of its way to share the burdens of the communities in Vietnam and incite businesses across the ASEAN to greater action for the common good.

Last year’s difficulties forced a halt to most large-scale community events. But going against the grain, the ASEAN Business Awards (ABA) were still organised to honour the bloc’s best performers, continuing an annual tradition going back to 2007.

Nga, an organiser of ABA 2020, shared that the year was a hard one for both ASEAN and Vietnamese businesses but it was also a year for kind-hearted actions and activities that need to be recognised and honoured. “That is the reason why we could not allow the ceremony to be cancelled – to highlight businesses which have not only been working to maintain development but also to make significant contributions to the prevention of the pandemic,” she said.

“The prime minister expressed his full support for us to organise the annual event. His belief was great motivation for us to go ahead with this prestigious and meaningful ceremony for the business community during the hard time of the pandemic,” Nga shared with VIR.

As a result, 58 corporations from across ASEAN were honoured in 10 categories at ABA 2020 last November in Hanoi, sharing the stories of each entrepreneur and business to inspire the public and the entrepreneurial community to greater action.

“In 2020, many ASEAN businesses and entrepreneurs have been on the frontlines of COVID-19 action. The business community has helped mitigate the damage on the regional economy while ensuring jobs for employees and maintaining business growth,” Nga said. “At the same time, they have contributed great and valuable resources to epidemic prevention and control in their respective countries. This dedication deserves to be brought to the public eye, which was the primary aim of the 2020 edition of ABA.”

She called businesses that received the ABA awards in 2020 the pride of the ASEAN Economic Community. “However, they also have a great responsibility to continue demonstrating this bravery and spread the outstanding values of the ASEAN Business Awards to all,” she added.

At the awards ceremony, she reminded outstanding businesses that “We should consider the ASEAN as a common house where we can trust and cooperate with each other and reach for new heights.”

Armoured with this spirit, she was certain the ASEAN business community would be able to together find the right way and effective solutions to turn the dangers into benefits for all.

1534 p27 nguyen thi nga top vietnamese influencer

Spreading devotion

Joining the delegation of BRG Group to present gifts for the central coastal provinces after 2020’s serious floods and storms was a determining experience for Hung Khanh, a young BRG employee. Born and raised in the city and witnessing the destruction the elements wrought on the lives of the poor has been a real eye opener, giving Khanh and other young employees a new perspective on life and the true meaning behind crucial corporate social responsibility activities.

Through this and such trips, chairwoman Nga shares her enthusiasm and spirit with BRG employees to light a fire in the minds and hearts of the next generation of corporate leaders. After the trip, she expressed confidence that the younger generation will maintain BRG’s business culture of sharing both the woes and happiness of the communities it serves – the same way it did in 2020, a year of tremendous fluctuations for the group when all key projects, from hotels and resorts to golf and services, were impacted by the pandemic.

Leading business ecosystem

BRG Group is a leading multidisciplinary group operating in banking, real estate, and golf. It has cooperated with various leading international hospitality management groups to enrich the Vietnamese tourism scene with high-end hotel and resort brands, including Sheraton Grand Danang Resort, InterContinental Hanoi Westlake, Hilton Hanoi Opera, and Sheraton Nha Trang Hotel & Spa.

The chairwoman’s contributions to the golf industry earned Nga a spot on the list of Asia’s Most Powerful People in Golf for the last five consecutive years, for clearing the path for the Vietnamese golf scene to become one of the most attractive golf tourism destinations in the Asia-Pacific region.

Many of BRG Group’s high-ranking golf courses were driving this rise such as BRG Kings Island Golf Resort, BRG Danang Golf Resort, BRG Legend Hill Golf Resort, and BRG Ruby Tree Golf Resort, all designed by golf legend Greg Norman and Nicklaus Design.

Furthermore, in real estate, BRG Group is known for its unique and high-end properties that satisfy the expectations of residents and investors while elevating living standards across Vietnam.

BRG Group commands a great deal of attention from high-income local and domestic clients and investors with its various high-end properties such as BRG Legend (Haiphong), BRG Diamond Residence, Le Grand Jardin, and BerRiver Jardin (Hanoi).

Chairwoman Nga summed up her ethos at the brand announcement ceremony of BRGLand. “Each time we invest in a new project, we devote all our mind and heart to it as if we were building our own home. All BRG designs and constructs aim to create new high-class living standards and also to bring the best experiences for both residents and communities.”

By Phong Lan

Filed Under: Uncategorized BRG Group, Chairwoman of BRG Group Nguyen Thi Nga, Corporate, Chairwoman of BRG Group Nguyen Thi..., nguyen thi phuong thao, thuy an nguyen thi, 22b nguyen thi dieu quan 3, talk about nguyen thi anh vien, write about nguyen thi anh vien, information about nguyen thi anh vien, tieu su nguyen thi kim ngan, thu ha nguyen thi, vietnamese influenced english, thi nga ho, thi nga nguyen, ktc 384 nguyen thi minh khai

Initiative’s success helped by quick response to pandemic

December 22, 2020 by www.vir.com.vn

As 2020 is coming to end, how do you evaluate the development of businesses that received recognition during the Vietnam Value Programme?

1523 p13 initiatives success helped by quick response to pandemic
Vu Ba Phu, director general of the Trade Promotion Agency under the Ministry of Industry and Trade

After 17 years of running the programme with seven times choosing national brands, we have witnessed the continuous growth of many domestic enterprises. At the first selection in 2008, we saw only 30 chosen companies with their products. By 2018, this number had grown to 97, and this year we have recorded 124 enterprises and their brands.

However, the growth of the business community has not only happened in the number of participating businesses, but also export turnover, sales, and their contribution to the state budget, as well as their efforts in social responsibility and job creation. For example, firms recognised as national brands in 2018 reached a revenue of about VND907 trillion ($39.4 billion), with their export turnover amounting to VND130 trillion ($5.6 billion), contributing VND85 trillion ($3.7 billion) to the state budget and creating 340,000 jobs. Meanwhile, in this year, these numbers have climbed to VND975 trillion ($42.4 billion) and VND123 trillion ($5.34 billion) in 2020, respectively, with contributions to the state budget amounting to VND197 trillion ($8.5 billion) and 350,000 new jobs created – all this despite the pandemic.

What are the main differences between the 2020 programme and previous years’ iterations?

This year has been a special one as most of the businesses were affected by the health crisis, even making it difficult for the organisers of the Vietnam Value Programme to obtain applications, organise conferences, and disseminate information.

Facing these circumstances, the Ministry of Industry and Trade (MoIT) responded quickly and directed our Trade Promotion Agency (VIETRADE) to coordinate with relevant ministries and localities to implement online procedures for the programme. For example, we deployed online forms for the submission of applications, set up 24-hour consulting groups to assist businesses in completing their documents, and organised online conferences and seminars to support them with understanding the regulations and selection criteria of the programme.

This year was also the first that VIETRADE received applications and chose the national brands following the prime minister’s Decision No.30/2019/QD-TTg, under which applications were accepted no later than April 30. However, this was the most stressful time in our country’s fight against the pandemic, with enterprises facing many difficulties in complying with this deadline.

In this context, the MoIT has proposed to the government and related ministries to extend the application deadline and offered the aforementioned online services. In the end, more than 1,000 businesses still applied for the programme, more than in 2018 with only 900 applications despite the absence of an international health crisis.

How have the organising institutions handled the additional pressure from the pandemic during this year’s programme?

The pressure for the organisers and the chosen companies was very real. We had to effectively support businesses, overcome geographical distances, change the habit of meeting face to face, and redirect marketing and promotion efforts through online channels instead of traditional ones.

Nonetheless, everyone involved in this year’s programme has handled the situation flexibly and contributed to support businesses in promoting products in the domestic and foreign markets.

In addition to the introduced online procedures, we have also transmitted the data of the programme and the chosen companies and brands to Vietnam’s commercial counsellors in 63 countries to introduce this year’s businesses to these markets.

Some enterprises commented that the criteria of the programme were too strict compared to the general level of domestic enterprises. What is your view?

The criteria for selecting national brands are indeed very strict because this is a programme to select prestigious products that represent the image of Vietnamese goods in the domestic and international markets, especially high-end ones such as the EU, Japan, and the US. Therefore, we have referred to foreign exporting standards to research and build the criteria that were finally applied in the selection process.

How have chosen enterprises been supported to increase their competitiveness?

The Vietnam Value Programme is not an award, rather the government’s commitment to accompany business in their endeavour to grow and present our country’s high-quality goods and services inside and outside of our borders. An enterprise chosen as national brand receives the government’s threefold support.

Firstly, when participating in the programme, companies can use the national brand logo and the identification system in business administration and trade communication, according to the regulations.

In addition, the MoIT has been working closely with other ministries and localities to implement additional marketing campaigns and raise awareness within the society and business community, thus also supporting participating enterprises.

Furthermore, the ministry provides technical assistance on branding and development, thereby helping businesses protect their brand names, contributing to improving their competitiveness in the domestic and international markets.

VIETRADE is and will continue to carry out additional support programmes and help to promote national brands on mass media and invite these businesses to domestic and international exhibitions to raise their public exposure.

For example, for products related to food, we give priority to supporting enterprises to participate in major fairs and exhibitions around the world, such as the Sial Fair in Paris, certain exhibitions in Germany, and the Milan Fair in Italy – all important international fairs that exporting businesses cannot ignore.

At the same time, we are inviting international experts to research and develop specific strategies for each field to further support businesses and the promotion of their products on global media channels.

What are the MoIT’s plans to bring national brands to the global stage?

The ministry has proactively encouraged leaders of the Party, the state, and the government to further the negotiation and signing of new-generation free trade agreements, thereby expanding the scope of export markets for businesses, especially those with national brands here.

In addition, the MoIT is also developing a commodity import-export strategy for the next 10 years, which aims at identifying priority markets and avoiding dependence on several traditional markets to reduce risks related to trade remedies, while ensuring sustainable development for domestic enterprises. Accordingly, we will also see some specialised trade promotions to support national brands in international markets.

How has the MoIT been supporting businesses that struggled with exports and a forced return to the domestic market this year?

After the initial months of the health crisis, the domestic market had been redefined. From the beginning of the year, following the directions of the government, the MoIT has worked with ministries, agencies, and localities to implement supply and demand actions across the country to remove companies’ difficulties in production and distribution.

In addition, to support businesses with high-quality brands, we have also been integrating chosen brands in national promotions like the Clean Food Programme to endorse Vietnamese goods to locals. The integration of such programmes has helped the domestic market’s growth since the beginning of the year, despite the economic consequences of the pandemic. This shows that the communication, promotion, and support efforts of the MoIT and its agencies have so far been effective.

By Hai Van

Filed Under: Uncategorized Vietnam Value Programme, Initiative, businesses, Vietnam Values, response not successful received status code 400, australia quick response p/l, which fibers are adapted for a quick response, victim quick response program london, foster youth college success initiative, offering help and responses, anticipating your quick response, anticipating a quick response, mainstays quick response thermometer, victim quick response program toronto, victim quick response, victim quick response program (vqrp)

Vietnam provided with US$86.3 million to boost energy efficiency investments

March 8, 2021 by en.nhandan.org.vn

The total support from GCF also includes a US$75 million guarantee. US$8.3 million from the grant will be used to build capacity in the private sector to identify, appraise and execute energy efficiency projects.

It will also provide technical assistance to the Ministry of Industry and Trade and the relevant authorities to further strengthen policy frameworks and regulations and create a helpful environment aimed at accelerating the energy efficiency market in Vietnam.

The remaining grant funds and guarantee will be used to establish a risk-share facility to provide partial credit guarantees to local banks who may risk potential default on loans for energy efficienct projects.

By reducing lending risks, the facility is expected to mobilize around US$250 million of commercial financing, to be provided to industrial enterprises and energy service companies at competitive terms and with low collateral requirements.

Scaling up energy efficiency is the single best and lowest cost option to achieve multiple goals at once: meeting energy demand, preventing pollution and reducing greenhouse gas emissions while also increasing industry competitiveness, Carolyn Turk, Country Director for Vietnam said.

In a context of limited public financing for energy, the risk-share facility is an innovative financial instrument in private sector investment financing for a greater uptake of industry-wide energy efficiency measures, she added.

The grant and guarantee are to be executed under the Vietnam Scaling up Energy Efficiency Project which aims to support Vietnam in achieving the energy efficiency targets set out in the Green Growth Strategy as well as emission reduction objectives pledged under the National Determined Contributions.

The World Bank’s Low Carbon Study estimates that Vietnam could save up to 11 GW of new generation capacity by 2030 if comprehensive demand-side energy efficiency investment takes place. The energy efficiency investment need for key industries in Vietnam has been estimated at around US$3.6 billion.

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