Players to watch

Apple is in talks to make Apple Watches and MacBooks in Viet Nam. — Illustration Photo Apple is in talks to make Apple Watches and MacBooks in Viet Nam for the first time as the US tech giant looks to diversify production away from China, Nikkei Asia reported. According to the newspaper, Apple suppliers Luxshare Precision Industry and Foxconn have started test production of the Apple Watch in northern Viet Nam with the aim of producing the device outside of China. Regarding the production of the MacBook, Apple has asked suppliers to set up a test production line in Viet Nam. However, progress in moving mass production to the country has been slow, partly due to pandemic-related disruptions. Viet Nam is already Apple's most important production hub outside of China, producing a wide range of flagship products for the American company, including iPad tablets and AirPods earphones. According to industry experts, the Apple Watch is even more sophisticated because many … [Read more...] about Viet Nam to make Apple Watch, MacBook for first time

Ly Hoang Nam rises to world’s No.332 in latest ATP rankings (Photo: ATP) Hanoi (VNA) – Vietnam’s top tennis player Ly Hoang Nam has passed a milestone in his career when rising to the world’s No.332 in the latest Association of Tennis Professionals (ATP) rankings. In early August, Nam made a great contribution to helping the Vietnam ese tennis team win the Davis Cup Group III runner-up in the Asia-Pacific region 2022 and a ticket to play in the World Group II play-off next year. With his stable performance, the player of Tay Ninh province may soon achieve his goal – entering Top 300 in ATP Rankings before 30 years old. He is scheduled to travel to Thailand to compete at 2022 Nonthaburi Challenger from August 22-28./. VNA … [Read more...] about Top tennis player enjoys record high in world rankings

Denmark, through strategic sector cooperation (SSC) with Vietnam, helps implement national action plan in agriculture while promoting the engagement of stakeholders in the value chain. Among issues shared at an event held in Hanoi on August 17, Vietnamese officials, experts, and businesses were impressed with the philosophy of “producing more from less” in Denmark’s agri-food sector. Denmark targets the climate-neutral food industry by 2050. Photo: Danish Agriculture and Food Council Troels Jakobsen, Trade Counsellor of the Embassy of Denmark, said Denmark produces three times more food than the Danish population can consume, with some of the lowest greenhouse gas emissions in Europe. The idea was shared at Seminar – Business Matchmaking held in Hanoi on August 17 to discuss Danish experiences and solutions in sustainable agri-food production. Meanwhile, Jeppe Søndergaard Pedersen, International Chief Advisor, the Danish Agriculture and Food Council, … [Read more...] about “Produce more from less”: Danish agricultural philosophy for Vietnam

Pork is processed at a Vinh Anh Food factory. Food safety SSC is a Danish-Vietnamese partnership tasked with improving food safety in the Vietnamese pork value chain. (Photo: VNA) Hanoi (VNS/VNA) - About 135 Danish firms have opened branch offices in Vietnam so far and the firms are actively contributing to the growth of various sectors including agriculture, according to Deputy Minister of Agriculture and Rural Development Phung Duc Tien. The deputy minister was speaking at the seminar "Danish experiences and solutions in sustainable agri-food production" on August 17. Tien underscored Denmark as one of the leading countries in agriculture and sustainable development. Denmark's experiences, he believed, would help Vietnamese firms speed up on the road to high-tech and climate-smart agriculture. Sanne Hoj Andren, Sector Counsellor for Agri-Food at the Embassy of Denmark, revealed that strategic sector cooperation (SSC) is a partnership between Danish public … [Read more...] about Danish seminar shares agicultural experience with Vietnamese firms

SHANGHAI/PARIS -- From $300 bucket hats to $900 sneakers and $700 t-shirts, the high-flying luxury sector is fretting over the appetite among financially stretched Gen Z consumers for such "aspirational" purchases. Executives are troubled in particular by a hit to young Chinese shoppers, not only because mainland China has been a major driver of the industry's growth in recent years, but also because high end consumers in the world's second-largest economy are a decade younger than the global average of 38. Young adults around the world have been "a very strong factor of luxury growth over the past decade," said Gregory Boutte, chief client and digital officer at Gucci-owner Kering. Data this week showed China's economy slowed unexpectedly, prompting a central bank rate cut, while macroeconomic trends are disproportionately impacting the extra funds that those born between 1996 and 2012 might use to enter the world of luxury. Whereas in North America and Europe, inflation and … [Read more...] about Luxury sneakers may be a step too far for cash-strapped Gen Z