Vietnam key industries

Illustrative image (Photo: VNA) Hanoi (VNA) – Hanoi is striving to have 100 key industrial products in the near future, according to Deputy Director of the municipal Department of Industry and Trade Dam Tien Thang. During a conference held in the capital city on October 9, Thang said revenue from key industrial products reached 46 trillion VND (2 billion USD), accounting for about 43 percent of the total industrial production revenue while their exports hit 11.61 trillion VND. Last year, Hanoi recognised 61 key industrial products and top 10 ones. The total revenue from the 61 products reached 40 trillion VND, up 28.4 percent annually, making up 32.5 percent of the total industrial production. Exports surged 74 percent to upwards 10 trillion VND. Since early this year, 31 firms with 40 products have registered for key industrial production recognition. Their revenues are estimated at 6 trillion VND and exports at 1.6 trillion VND. Le Hong Thang, director of the department, … [Read more...] about Hanoi to have 100 key industrial products

Plastic products at a supermarket in HCM City. The plastic industry is very hopeful of meeting this year’s export target of 3.2 billion USD. (Photo: VNA) HCM City (VNS/VNA) – The local plastic industry, with solid growth in shipments, will surely meet its yearly export target of 3.2 billion USD, according to the Vietnam Plastics Association. According to Ho Duc Lam, its chairman, said exports saw impressive growth last year to 3 billion USD while overall revenues jumped to 12 billion USD. “Exports in the first nine months of the year increased by 5 percent and will continue to enjoy good growth in the rest months of the year. “The US-China trade war has offered opportunities to Vietnamese plastics firms to boost exports.” According to the association, exports go to more than 150 countries and territories, with the US and Japan being key markets. In the domestic market, some industries, even those such as aerospace which use high-grade materials, are … [Read more...] about Plastics industry confident of achieving 3.2 billion USD export target

Promoting cultural heritage values while developing tourism Thai Nguyen province is home to 17 intangible culture heritages. Local authorities and ethnic minority groups are exerting efforts to promote heritage values in combination with tourism development. The San Chay people of Phú Lương district traditionally celebrate Spring with the Tắc Xình dance. In 2018, the Tac Xinh dance was recognized as national Intangible Cultural Heritage by the Ministry of Culture, Sports and Tourisms. To uphold the cultural values of the heritage, Thai Nguyen’s provincial culture and tourism sector have taken measures to introduce the dance to visitors through festivals, turning it into an attractive tourism product. Currently in Thai Nguyen province, there are more than 800 historical and scenic sites, along with 17 intangible cultural heritage elements at a national level. Many of which have become tourist attraction, contributing to promoting their values such as the … [Read more...] about VIETNAM NEWS HEADLINES OCTOBER 14

The first Vietnam Travel & Tourism Summit will take place at the Intercontinental Landmark72 hotel in Hanoi on December 5-6 in the framework of the Vietnam Economic Forum (ViEF) 2018. Held by the board for private economic development research (IV Board under the Government’s Advisory Council for Administrative Procedure Reform), the online newspaper VnExpress and the Vietnam Tourism Advisory Board (TAB), the event is expected to draw 1,500 guests, who are managers, business operators and scholars. To enhance international cooperation and popularise local tourism, the organising board has invited leaders of renowned tourism and service groups like Australia’s Flight Centre, Virgin, Japan’s H.I.S and Singaporean Banyan Tree. The forum offers opportunities for domestic and foreign businesses to learn about Vietnam’s strategies to develop tourism, as well as the potential of and challenges facing the non-smoke industry. Various issues will be on the … [Read more...] about Hanoi to host first Vietnam Travel & Tourism Summit

Leading economic partner The ASEAN Economic Community (AEC) has entered its fourth year of development since the founding milestone of December 31, 2015, and is striving to realize its Vision to 2025 with initial encouraging results. The AEC has created a relatively synchronous production space, which helps promote the common advantage of the ASEAN region. Goods, services, capital, investment and skilled labor will be freely circulating within ASEAN without suffering any discrimination between the member states. Its intra-bloc economic cooperation efforts with partners have brought ASEAN member states stable economic growth, forecast to reach 4.9 percent in 2019, nearly double the world average. In the 24 years since Vietnam joined the bloc, its members have become the country’s leading economic and trade partners. Compared to 1996, when Vietnam began to participate in the ASEAN Free Trade Area (AFTA), trade between Vietnam and ASEAN has grown by more than 9.5 times from US$5.9 … [Read more...] about Vietnam looks ahead to 2020 Asean Chairmanship