The industry should make changes to its planning as it is enjoying fresh, lucrative development opportunities stemming from the country’s joining of bilateral and multilateral free trade agreements, she said. Vitas Chairman Vu Duc Giang said the country is having an advantageous productive working-age population, which would greatly support the textile and garment industry’s expansion so the Government should devise a strategy towards making the industry keep up with the country’s integration pace. To help its members optimise opportunities from free trade agreements, Vitas has suggested that the Government should fine-tune the textile and garment industry development strategy that was approved by the Prime Minister in decision No. 36/2008/QĐ-TTg dated March 30, 2008 and the Ministry of Industry and Trade in decision No. 3218/QĐ-BCT dated April 11, 2014. It has proposed the Government to envisage a development strategy by 2040 so the textile and garment … [Read more...] about Textile & garment sector needs new development strategy
Iot development platform
Development of the night-time economy has been a topic of discussion among government agencies. Tran Dinh Thien, a respected economist, pointed out that the underdevelopment of a night-time economy is one reason behind the low revenue in the tourism industry. According to a businessman who has been in Hoi An for a long time, it is not easy to organize such an event. The organization board has to ask for permission from local authorities and seek support from relevant units to ensure the smooth operation of the event. … [Read more...] about How can VN night-time economy develop?
Currently, the carrier serves eight flights a day to Phuket/Chiang Mai, three flights a day to Chiang Rai, two flights a day to Udon Thani/ Krabi/ Hat Yai/ Khon Kaen in which the flight frequency for Suvarnabhumi - Hat Yai service will be increased to three flights a day from August 15, 2020. The airline will also inaugurate the Suvarnabhumi-Nakhon Si Thammarat flight on August 6, 2020. … [Read more...] about VIETNAM’S BUSINESS NEWS HEADLINES AUGUST 5
Hanoi (VNA) – The Philippine economy may contract by 8 percent in the second quarter of 2020 due to containment measures against COVID-19, according to Moody’s Analytics. That will follow the GDP decline of 0.2 percent in Q1, ending 84 straight quarters of positive growth since Q4 of 1998. Steven Cochrane, chief economist for Asia Pacific at Moody’s Analytics, said the country’s GDP is seen sinking by 4.5 percent in 2020. Meanwhile, economic managers, through the Development Budget Coordination Committee, forecast the GDP of this archipelago nation may contract between 2 and 3.4 percent this year. The last time the country’s economy contracted was in 1998 with 0.5 percent due to the Asian financial crisis. Cochrane warned that if the lockdowns continue well into Q3 of 2020, the risks to the outlook for both 2020 and 2021 are clearly to the downside./. … [Read more...] about Philippine economy may shrink 8 percent in Q2: Moody’s Analytics
Moreover, the law amends the concept of state-owned enterprises (SOE) and defines both types of SOEs, the one in which the state holds 100 per cent of charter capital and the one in which the state holds more than 50 per cent, in order to introduce suitable governance and supervision methods. … [Read more...] about Wide impacts to be made with new law changes