Fourth industrial revolution when did it start

Garment production for export at Kim Dung Textile and Garment Company in District 12, Ho Chi Minh City. (Photo: SGGP) Dependence on imported raw materials Ms. Nguyen Thi Tuyet Mai, Deputy General Secretary of the Vietnam Textile and Apparel Association, said that the total number of enterprises participating in the textile and garment sector in Vietnam, including foreign and domestic enterprises, is more than 7,000. Of which, only 18 percent of them produce fabric materials, 12 percent produce yarn, 2 percent produce other materials, and the rest are garment enterprises. This fact has put the textile industry in front of the challenge of unstable growth due to its dependence on imported raw materials. Currently, each year, Vietnam imports 100 percent of cotton with an estimated value of US$3.2 billion and 60 percent of fabric with an estimated value of $14 billion. The US is the largest cotton and fabric import market of Vietnam, followed by China, Japan, South Korea, and … [Read more...] about Vietnamese textile-garment industry strong but not stable

The conference was held via videoconference on May 26 (Photo: VNA) Hanoi (VNA) - Assistant Minister of Foreign Affairs Do Hung Viet and Israel Ministry of Foreign Affairs’ Political Director Alon Bar co-chaired the fourth political consultation conference between the two ministries via videoconference on May 26. Viet and Bar briefed each other on the political and socio-economic situation in their respective countries, and highly valued the positive progresses in the all-round cooperation between Vietnam and Israel over the years, especially in politics, diplomacy, economy, science-technology, and startup. Viet welcomed the organisation of the fourth consultation conference, describing it as an effective mechanism for reviewing and enhancing the effectiveness of the cooperation between the two countries. He affirmed that Vietnam highly values and hopes to promote multifaceted ties with Israel , and thanked the Israeli Government and businesses for assisting … [Read more...] about Vietnam, Israel convene fourth political consultation

S&P forecast Vietnam’s GDP will grow 6.9% in 2022 before settling closer to its long-term trend of growing 6.5%-7% from 2023 onward. S&P Global Ratings on May 26 raised its long-term foreign and local currency sovereign credit ratings on Vietnam to 'BB+' from 'BB'. S&P expects Vietnam's economy to continue its upward trend. Source: S&P The rating agency also affirmed the country’s short-term rating at ‘B’ with a stable outlook. “The stable outlook reflects our expectations that over the next 12-24 months, Vietnam's economy will continue to recover from the challenges posed by the pandemic over the past two years. This will support the external position and rein in fiscal deficits,” it noted. S&P added it could raise the ratings if Vietnam's institutional settings improve considerably, in ways that augment policy predictability and transparency. Such favorable changes in the policy environment could bolster investor confidence in the … [Read more...] about Vietnam’s long-term credit rating upgraded to “BB+”: S&P

The city Party chief spent much time talking and commemorating the two late leaders who made great contributions to the national liberation revolution of Laos and the special friendship between the Parties, States and people of the two nations throughout history. Late Prime Minister Sisavath Keobounphanh had joined in the revolutionary activity very early, in 1947, as a soldier of the Northwestern Propaganda Volunteer Armed-Force Team. In 1950, he joined the Indochinese Communist Party (PCI) and then held many key positions in the Laos Party and State. Meanwhile, late NA President Samane Vignaket had also participated in the revolutionary activity very early. From 1935 to 1945, he joined the revolutionary forces for national liberation in Laos and was appointed to important positions of the Party and State, including Member of the Politburo, President of the Laos National Assembly, Minister of Education and Sports, Head of the Organization Commission of Lao People’s Revolutionary … [Read more...] about HCMC Party Chief visits families of late senior leaders of Laos

People and tourists choose to buy tours at the Hong Ngoc Ha travel booth during Ho Chi Minh City Tourism Festival 2022 Specifically, national carriers Vietnam Airlines, Pacific Airlines, and the Vietnam Air Services Company (VASCO) have prepared to supply more than 7.1 million seats during the peak summer season from June 1 to August 15, an increase of 10 percent compared to the same period before the Covid-19 epidemic. On average, during the peak summer season, these airlines will operate 430 domestic flights, especially those to Hanoi, Da Nang, and Ho Chi Minh City. With international routes, Vietnam Airlines and Pacific Airlines provide over 852,000 seats, equivalent to more than 3,600 flights, only 40 percent of the number in 2019 because international travel demand has not recovered as before. Vietravel Airlines also said that the demand for travel and tourism will increase, so it has planned to increase the number of aircraft and frequency of flights to the Central … [Read more...] about Millions of travelers book tours for summer vacation

The Vietnam Bear Rescue Center will be located at  Bach Ma National Park in the Central province of Thua Thien-Hue. The new facility will be constructed on an area of 12.7 hectares including 12 houses and 12 semi-wild houses with a total non-refund donation of US$10.5 million from Animals Asia. According to the Vietnam Bear Rescue Center, on May 27, the Forest Protection Department under the Ministry of Agriculture and Rural Development , the Bach Ma National Park coordinated with the Animals Asia to organize a ceremony to publicize the project, which will be built in the administrative-service area of the Bach Ma National Park to serve over 300 species of bear in a semi-natural environment. The project is expected to start construction in 2022 and be completed in four years later. Doctor. Jill Robinson MBE, the founder and General Director of Animals Asia Speaking at the ceremony, Deputy Director of the Forest Protection Department Nguyen Quoc Hieu informed that … [Read more...] about Vietnam to build second facility of Vietnam Bear Rescue Center in Thua Thien-Hue