Keyword: "Nike"

The 1-billion-USD project will focus on recycling polyester textile waste into high-quality PET pellets used as raw materials for the spinning and garment industries, the Vietnam Investment Review reported.

Vietnam is now positioning itself as a global manufacturing hub with a diversified export portfolio, improved product quality, and enhanced price competitiveness.

Regarding the ongoing negotiations on a Reciprocal Trade Agreement between the two countries, he emphasised that Vietnam remains consistent in its approach to the talks with the US, aiming for a bilateral agreement based on respect for sovereignty, independence, political system, harmonisation and balance of interests, as well as in line with international commitments and the development level of each country.

Among the 1,300 European businesses inquiring about the investment climate in Vietnam, up to 63% listed the country among the top 10 destinations for foreign direct investment firms.

The New Straits Times - an English-language newspaper published in Malaysia on September 17 ran an article about Vietnam’s thriving growth during its national construction and development after wartime, in which the country is described as “a rising star in the world”.

India’s e-magazine Stat Trade Times has run a story highlighting Vietnam’s potential to rise as an industrial hub of Asia.

Prime Minister Pham Minh Chinh received Chief Operating Officer of Nike, Inc., Andy Campion in Hanoi on December 1, speaking highly of the firm’s contributions to Vietnam’s exports and job creation in the recent past.

With 80 percent of workers returning to work in factories and abundant orders right from the beginning of the year, the footwear sector has seen bright prospects for this year.

The Vietnamese Government is willing to create favourable conditions for Nike to operate in the long run in Vietnam, Deputy Prime Minister Vuong Dinh Hue said while receiving Nike Vice President Chris Helzer in Hanoi on December 17.

Global footwear brands like Adidas, Nike and Puma are increasingly turning to Vietnam for their manufacturing needs due to its affordable labour costs and free trade agreements.