Industrial select sector spdr fund

Hanoi (VNA) - Vietnam’s footwear sector is now beginning to see positive signs after export revenue for footwear and handbags fell 11 percent year-on-year to 19.5 billion USD in 2020, making it one of the sectors hardest hit by COVID-19. Vietnamese companies have proved their capacity in research and development (R&D) and design, according to Chairman of the Vietnam Leather, Footwear and Handbag Association (LEFASO) Nguyen Duc Thuan. Signs show that Vietnam is further penetrating into the leather-footwear supply chain, he said, as the design and R&D processes rake in high added value for products. The domestic supply of materials for the sector now represents 60 percent. Local businesses can take the initiative in producing soles and moulds, as well as packaging and labelling. This is attributable to their activeness in manufacturing materials locally, Thuan added. In particular, the Gia Dinh Footwear JSC has set up industrial clusters to attract investment in … [Read more...] about Footwear sector further penetrates global supply chain

Over the next five years, the sector will focus on completing and synchronously implementing policies on pricing, State finance, corporate finance, accounting, auditing, administrative reform, applying achievements from the Fourth Industrial Revolution, and allocating financial resources in accordance with market signals. The sector will also give priority to attracting foreign investment, shifting from extensive investment to intensive investment, and fully implementing previous and new free trade agreements.   Dung said the finance sector will effectively implement the principle of spending within financial capacity and borrowing within repayment ability, and work to complete a database on revenues, expenditures, public debts, and public assets, while improving the efficiency of public financial management and administration at both the macro and micro scale, and promoting openness and transparency, as well as intensifying the fight against corruption and wastefulness. The … [Read more...] about Finance sector contributes decisively to national achievements: Official

Other tasks including promoting smart, green agriculture and adapting to climate change and continuing to implement the national target programme on building new rural areas in the direction of linking with urbanisation and enhancing efficiency and sustainability. … [Read more...] about Educational sector achieves positive results

Hanoi is expected to remain among the nation’s top five localities in attracting foreign direct investment in the near future and therefore demand for office space will remain high, especially among the e-commerce, finance, banking, logistics and information technology sectors, he added. … [Read more...] about HCMC, Hanoi office markets insulated from pandemic impacts

Võ Hữu Hiển, the Ministry of Finance's Deputy Director of Debt Management and External Finance Department, said over the past three decades, Viet Nam had gained many achievements and innovations in debt management, especially foreign debt management. … [Read more...] about Việt Nam’s foreign debts under control