Global supply chain

Experts say developing local supply chains to reduce a heavy reliance on other countries is a must for Vietnam, especially the garment and textile industry which imports large amounts of materials from foreign partners. Attracting both domestic and foreign investment into the fibering, weaving and dyeing stages is considered an effective solution for the industry to develop in a sustainable manner. The garment and textile industry is therefore predicted to significantly benefit from the implementation of new-generation FTAs such as the European Union-Vietnam Free Trade Agreement (EVFTA), the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP), and the European Union - Vietnam Investment Protection Agreement (EVIPA). It is widely believed that this trio of trade deals will create greater opportunities to attract capital and modern technology as a means of further developing the industry. … [Read more...] about New-generation FTAs offer impetus to textile supply chain restructuring

On emerging business opportunities in China, Chairman of Singaporean tech company CrimsonLogic Eugene Wong said Singapore companies can look at sectors like technology, seek to raise the efficiency of China's transport and logistics industry, work with Chinese companies to improve healthcare services and develop food technology solutions for sustainability, and offer e-financing services. … [Read more...] about Singaporean firms hold great potential to enter Chinese market: experts

Hanoi (VNA) – With success in containing the spread of COVID-19, Vietnam now holds advantages in economic recovery, according to former Deputy Prime Minister Vu Khoan. He wrote in a recent article that however, there are many unforeseeable factors in the world’s situation that can affect Vietnam. Vietnam is building and on the verge of adopting socioeconomic development plans for 2021-2025 and 2021-2030 and vision towards 2045 in the “new normal situation”, he said. He recalled the regional crisis in 1997, when Vietnam was implementing its 1991-2000 socioeconomic development strategy, the global financial crisis in 2008, during its 2001-2010 strategy, and this pandemic, just as the 2011-2020 plan is coming to an end. The less-than-expected annual GDP growth in the ten-year strategies is mostly attributable to unexpected crises, Khoan said, adding that what will happen over the next five, ten, or 25 years is simply unpredictable. Citing the five … [Read more...] about Vietnam at advantage in economic recovery post-COVID-19: Former Deputy PM

The partnership between LabMed, a family owned subsidiary of Kin Seng Hong Pte, and GEODIS began in early May 2020, with the immediate need to swiftly react to fast-changing market demands and devising flexible end-to-end supply chain solutions. LabMed has been called upon to significantly increase its production of surgical masks, sanitising gel and other PPE at its own plant in Dong Guan, Southern China. From initial small shipments of 10 tons of sanitizer to India to bulk supplies of millions of masks to Germany, LabMed's pipeline of PPE has grown rapidly to include other parts of South-East Asia, Europe, Latin America and the United States. … [Read more...] about GEODIS Supports Rising Medical Company LabMed To Supply Health Protection Goods to Europe And North America

Carrix, SSA Marine, and other players once showed their strong interest in buying stakes in the JV seaports when VIMC several years ago planned to divest state stakes in CICT and SSIT. Singapore-invested SP-PSA also wanted to raise stakes in VIMC while SSA Marine offered to buy VIMC’s entire stake in CICT. Their interest was damaged as the state-owned giant stopped the plan. … [Read more...] about Seaport ambitions fail to hold water