Milk product

Singapore (VNA) – Singapore's manufacturing sector was the silver lining of 2020, with the sector posting growth for the full year, according to data released by the Economic Development Board (EDB) on January 26. The sector expanded 14.3 percent year on year last month. Excluding biomedical manufacturing, output grew 19.8 percent. Overall, manufacturing output increased 7.3 percent last year, compared with 2019. The chemicals cluster grew by 12.3 percent year on year last month, with all segments except petroleum recording output growth. But for the whole of last year, the chemicals cluster's output dipped by 1 percent compared with 2019. The precision engineering cluster picked up 11 percent in December, with the machinery and systems segment growing 12.6 percent on the back of higher output of semiconductor equipment and measuring devices. Precision engineering output increased 10.6 percent for the year. General manufacturing output also grew, by 5.9 percent, with … [Read more...] about Singapore: Manufacturing sector silver lining of 2020

Vietnam, which ranks seventh globally in tea production, has 257 producers and an output of 5,200 tons a day. It has 125,000 hectares under tea, but the area is declining. In the Central Highlands Lam Dong Province, one of the country’s biggest tea producing areas, the area shrank by 43 percent since 2016 to 11,500 hectares last year as farmers switched to more profitable crops. … [Read more...] about Traditional tea losing flavor for young Vietnamese

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

This image shows a customer with a shell product in her hand in District 1, Ho Chi Minh City. Photo: Hoang An / Tuoi Tre “Shells are normally considered scrap, but they have become more valuable items in my hands and that brings utter joy to me," Hieu said. … [Read more...] about Vietnamese woman breathes life into inanimate shells

“The increased investment decision from Intel means a great deal to us and proves Intel’s great confidence in the local workforce and the stable investment environment in Vietnam, Ho Chi Minh City, and SHTP in particular. We will continuously provide our best support to Intel operations and look forward to welcoming more US investors and consider Intel’s expansion and new investment in Vietnam, particularly in SHTP as a great success story,” said Thi. … [Read more...] about Intel injects additional $475 million into Vietnam facility