VietNamNet Bridge - Foreign investors have poured more money into yarn, garment and accessories projects, while Vietnam needs more projects on textile, dyeing and trimming projects to form closed textile & garment value chains. Foreign investors hope to get benefits from Vietnam's membership in CPTPP Analysts say they can see a new investment wave in Vietnam’s textile & garment industry. Investors are rushing to pour money into the industry in hopes to get benefits from Vietnam’s membership in CPTPP and other FTAs. There is a new investment wave in Vietnam’s textile & garment industry. Investors are rushing to pour money into the industry in hopes to get benefits from Vietnam’s membership in CPTPP and other FTAs. In the north, Herberton from Singapore has been implementing the project on developing Ramatex textile & garment factory in Nam Dinh province, capitalized at $80 million. RELATED NEWS Vietnam’s textile & garment … [Read more...] about Vietnam sees new FDI wave in textile & garment value chain
Brand value chain
Vietnam must focus on food safety and connectivity in farm produce sales Food safety The Ministry of Agriculture and Rural Development, in coordination with the International Support Group (ISG), sponsored the ISG Plenary Meeting themed “Integrating global agricultural value chain: Promotion of food safety and market linkages” on December 11, 2017 in Hanoi. Minister of Agriculture and Rural Development, Nguyen Xuan Cuong, said at the meeting that over the past 30 years, the Vietnamese agricultural sector had recorded remarkable achievements, making it one of the world’s 15 biggest farm produce, forest product and seafood exporters. Vietnam’s farm produce, forest product and seafood exports hit US$32 billion in 2016 and are expected to reach US$35-36 billion this year, with 10 export items expected to yield more than US$1 billion each. However, Cuong said while Vietnam has become a major farm produce exporter, 90 percent of the country’s farm produce … [Read more...] about Keys to participation in global agricultural value chain
(VEN) - Farm produce value chains enable farmers to access markets on a sustainable basis. However, only half of those chains are operating effectively. Vietnam Economic News’ Thanh Ha spoke with Dao The Anh, Deputy Director of the Vietnam Academy of Agricultural Sciences (VAAS), a member of the Vietnam Agricultural Alliance, about this issue on the sidelines of the 2018 Spring Agriculture Forum. Dao The Anh, Deputy Director of the VAAS, a member of the Vietnam Agricultural Alliance Could you tell us about the development of produce value chains in Vietnam? There are about 700 safe produce value chains in Vietnam, only half of which are operating efficiently. Problems are found in almost all stages of the value chains, including pre-production, production, post-harvest and export processing. Pre-production problems include high input costs, abuse of fertilizers and pesticides, and excessive use of water. Meanwhile, the production scale is quite small and connections … [Read more...] about Links in value chains of farm produce need strengthening
Companies in Vietnam have experienced fierce competition over the last few years, both qualitative and quantitative. Many have been forced to close down while others are still in business but struggling to move forward. The question is how to make a brand not only sustainable but also grow in value in the context of fierce global competition and rapid digitalization. There are many approaches to answering this question. Here I note the three key driving forces for brands: digital transformation, globalization, and brand leadership. In my observation, these forces help grow a company’s brand value if implemented successfully. Customer-centric digital transformation Unlike in the past, customers now have many brand choices for a particular product in Vietnam. Let’s take bakery goods for example. Customers would have previously mentioned Kinh Do in the south or Hai Ha in the north, but today they may name a long list of bakery brands: Top Cake, Tous Les Jours, ABC, … [Read more...] about How best to maintain brand value?
The report on private development for sustainable autonomous development released by the Vietnam Chamber of Commerce and Industry (VCCI) at the Vietnam Development Partnership Forum 2014 affirms the huge role of small and medium enterprises (SMEs). VCCI General Secretary Pham Thi Thu Hang granted an interview to Vietnam Business Forum. Le Hien reports. This private sector contributed 22.9 percent of total social investment in 2000 and 37.6 percent in 2013. It creates 14.5 million jobs, accounting for 76.7 percent of total non-agricultural employment, she noted. VCCI’s report at the Vietnam Development Partnership Forum 2014 points out three tendencies of Vietnam's economy: Business effect under global value chains, FDI flow spreading and business scale development. How do you assess this issue? The report notes that the future prosperity of Vietnam's economy will largely depend on further-strengthened link to global value chains, maximised FDI flow spreading, and especially … [Read more...] about Promoting Value Chain-based Business