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Bustle at Ho Thi Ky flower market, increased online orders on Int’l Women Day

March 8, 2021 by sggpnews.org.vn

Ho Thi Ky flower street in HCMC’s District 10 became hustle and bustle and the number of online flower orders increased significantly on the day. Roses and flowers for the special day are in high demand.

This year, the price of fresh flowers market is higher than the previous year.

From the afternoon of March 6, many trucks carrying roses flocked to flower stores on Ho Thi Ky Flower Street, throng of flower lovers were busy at shopping, making the street more crowded than usual. This year, stores have a variety of flowers with different types to satisfy customers’ tastes such as Da Lat roses, hydrangeas, flowers imported abroad such as Ecuadorian roses, Dutch marbles, wax flowers, Persian buttercups, …

Especially, Diem Chi flower store has peony chrysanthemum imported from Malaysia – a new type of flower chosen by many customers. Besides, Ecuardo roses and Dutch marbles are also popular.

Manager of Diem Chi Flower Store Truong Thi My Hue said that this year, the store has a new type of flower called peony chrysanthemum, which is the best-seller in the store and is out of stock on March 5. However, she added that the price of Ecuardo rose this year is higher than last year because of the Covid-19 pandemic and flowers had been sold out in Tet holiday (the Lunar New Year) before. Presently, the not many flowers in full bloom are left, so the price is slightly higher than usual.

The price of peony chrysanthemum imported from Malaysia is currently ranging from VND45,000 to 50,000 a flower while Da Lat peony daisy is VND 30,000 a flower, Ecuardo rose is VND 380,000 a bunch of 10 flowers and a bunch of 50 Da Lat red rose costs VND 200,000.

Elsewhere in the city, employees of the Love Flower Store in District 3 were busy with soaring orders; flowers are at a high demand; therefore, flower store florists work hard to promptly deliver fresh bunches of flowers to customers. Da Lat rose, sunflower, lisianthus, different kinds of daisy, carnation have been popularly selected in these days.

In addition to fresh flowers, city dwellers opted for jewelry as presents to their beloved women. The number of customers increased by 30 percent than usual days.

By staff writers – Translated by Uyen Phuong

Vietnamese textile industry sees huge export opportunities

March 8, 2021 by en.vietnamplus.vn

A production line at the The Ky Yarn Joint Stock Company (Photo: VNA)

HCM City (VNS/VNA) – The textile and apparel industry , which managed to survive three waves of COVID-19 thanks to its decision to produce face masks and personal protective equipment, will focus on sportswear and yarn, according to the Vietnam National Textile and Garment Group .

Le Tien Truong, its general director, said demand for face masks and personal protective equipment will shrink rapidly.

Armed with their experience of coping with the pandemic, many textile and footwear enterprises are quietly confident of altering plans when required and finding new markets to cope with new situation after COVID-19 is under control.

Sportswear has arguably been the most successful segment during the pandemic as awareness of physical exercise rose.

According to Euromonitor International, in 2020 the demand for sportswear world-wide decreased only about 8 percent, the lowest in an industry which saw an overall decline of 16 percent.

The compounded annual growth rate for the sportswear market in the last five years was 6.5 percent, 1.5 times the industry average, and it is expected to be worth 479 billion USD globally by 2025.

The Thanh Cong Textile Garment Investment Trading JSC is considered one of the most successful businesses in 2020 thanks to seizing opportunities to export COVID-19 related apparel products such as fabric masks and PPE.

But Tran Nhu Tung, its deputy general director, said the demand for cloth masks and protective gear is returning to pre-COVID levels with the advent of vaccines. This year his company has stopped taking orders for medical protective gear and antibacterial masks.

It is focusing on traditional products such as T-shirts and sportswear, demand for which would continue to increase, and there are already enough orders for sportswear for the first 6 months of the year, he said.

According to the Vietnam Textile and Apparel Association, many businesses now have orders for until the end of April, mainly for sportswear.

Dang Trieu Hoa, general director of the The Ky Yarn Joint Stock Company, said his company plans to focus on yarns with high quality and competitive prices.

The EU-Vietnam Free Trade Agreement (EVFTA) that took effect on August 1 last year has reduced tariffs on Vietnam’s garment exports by more than 70 percentage points.

The footwear and textile sectors also benefit significantly from tariff cuts, according to Bao Viet Securities Joint Stock Company.

With most other countries that export textile and garment to the EU not having a trade deal with the bloc, the EVFTA has opened up a great opportunity for Vietnam’s footwear, textile and garment exports if companies meet origin requirements, it added./.

VNA

Vietnam provided with US$86.3 million to boost energy efficiency investments

March 8, 2021 by en.nhandan.org.vn

The total support from GCF also includes a US$75 million guarantee. US$8.3 million from the grant will be used to build capacity in the private sector to identify, appraise and execute energy efficiency projects.

It will also provide technical assistance to the Ministry of Industry and Trade and the relevant authorities to further strengthen policy frameworks and regulations and create a helpful environment aimed at accelerating the energy efficiency market in Vietnam.

The remaining grant funds and guarantee will be used to establish a risk-share facility to provide partial credit guarantees to local banks who may risk potential default on loans for energy efficienct projects.

By reducing lending risks, the facility is expected to mobilize around US$250 million of commercial financing, to be provided to industrial enterprises and energy service companies at competitive terms and with low collateral requirements.

Scaling up energy efficiency is the single best and lowest cost option to achieve multiple goals at once: meeting energy demand, preventing pollution and reducing greenhouse gas emissions while also increasing industry competitiveness, Carolyn Turk, Country Director for Vietnam said.

In a context of limited public financing for energy, the risk-share facility is an innovative financial instrument in private sector investment financing for a greater uptake of industry-wide energy efficiency measures, she added.

The grant and guarantee are to be executed under the Vietnam Scaling up Energy Efficiency Project which aims to support Vietnam in achieving the energy efficiency targets set out in the Green Growth Strategy as well as emission reduction objectives pledged under the National Determined Contributions.

The World Bank’s Low Carbon Study estimates that Vietnam could save up to 11 GW of new generation capacity by 2030 if comprehensive demand-side energy efficiency investment takes place. The energy efficiency investment need for key industries in Vietnam has been estimated at around US$3.6 billion.