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The Ministry of Planning and Investment (MPI) reported last week by the Vietnam Electronic Industries Association (VEIA) that Apple has moved 11 factories from Chinese businesses in the supply chain to Vietnam, while other assemblers like Foxconn, Luxshare, Pegatron, and Wistron are ramping up production capacity in Vietnam. Do Thi Thuy Huong, general secretary of the VEIA, said that the electronic components manufacturing industry of Vietnam has its own advantages for those looking to relocate supply chains out of China to neighbouring countries. “A number of high-tech groups have been cultivating their projects in the northern provinces of Bac Ninh and Bac Giang, and they will also do the same in some other potential localities,” Huong said. Last week Sandeep Mehta, president of India’s Adani Ports & SEZ, announced on behalf of Adani Group that it would pour $10 billion into Vietnam. It is part of a $100 billion package that Adani Group would like to invest overseas. … [Read more...] about Electronics giants leading foreign investment bounce

Advantages not fully tapped Although industrial sectors are Hai Phong's strengths, supporting industries have not developed commensurately. For example, the shipbuilding industry has almost no accompanying supporting industry, such as enterprises assembling ship diesel engines, producing boilers and ship hatch covers, painting, welding rods, welding wires, fireproofing doors, making anchor chains and marine instruments. Hai Phong prioritizes the development of mechanical industries in its long-term strategy In 2021, Hai Phong's shipbuilding industry continued to face many difficulties with slowing growth and its industrial production index falling to 23.21 percent. Despite many preferential state policies, the auto manufacturing and assembly industries have also attracted very few enterprises manufacturing parts for the supply chain. The automobile manufacturing industry in Hai Phong still maintains an average growth rate for traditional products, such as trucks … [Read more...] about Hai Phong prioritizes development of auto, shipbuilding industries

A beauty contest aimed at honoring the ao dai and promoting Vietnam’s tourism activities kicked off on Sunday afternoon in Hanoi. According to Nguyen Thi Tuyet Nhung, a representative of the Miss Ao Dai 2022 organizing committee, the competition seeks to find women who are prepared to devote themselves to promoting tourism in Vietnam and honoring the ao dai , a hallmark Vietnamese costume. As the director of the 'Tourism and Trade Promotion in Digital Transformation' project, backed by the Vietnam National Administration of Tourism, and a big fan of the Vietnamese ao dai , Nhung wants to organize the Miss Ao Dai contest every two years as one of the events to spur tourism in the country. Nhung hopes that the Miss Ao Dai Vietnam 2022 pageant will emphasize the beauty of Vietnamese women who wear the ao dai , support the society's overall effort to honor the country's traditional dress, and spread the word about a beautiful, culturally rich Vietnam. The organizers wish … [Read more...] about Vietnam hosts beauty pageant to promote traditional clothing, tourism