Vietnamese businesses introduced their potential and strong export products in various fields to Israeli partners at a Vietnam-Israel consumer goods trade exchange that was held virtually on November 23.
Prime Minister Nguyen Xuan Phuc asked the garment-textile and footwear sectors to promote the building of Vietnamese brands and supply chain linkages, and develop supporting industries during a working session with the sectors’ representatives in Hanoi on November 23.
Domestic businesses should equip themselves with necessary knowledge in order to tap opportunities from the Regional Comprehensive Economic Partnership (RCEP), advised experts.
The southern province of Binh Duong has carried out a lot of mechanisms and policies to help enterprises operating in the supporting industries solve difficulties and grow further.
Vietjet and UPS, a global leader in logistics, have entered into a historic agreement to leverage each other’s global and regional network by further growing trade lanes from Asia to destinations in the US.
Although the market has not fully recovered, footwear and handbags export turnover is expected to return to growth in the fourth quarter of this year during the year-end shopping rush in European and American countries.
Vietnam’s underdeveloped fabric production is making it difficult for textile and garment businesses to take advantage of free trade agreements, including the Europe – Vietnam Free Trade Agreement (EVFTA).
Vietnam’s trade surplus hit a record high of 18.72 billion USD during the January - October period as imports slowed down amidst the COVID-19 pandemic, according to the Ministry of Industry and Trade (MoIT).
Chairman of the People’s Committee of HCM City Nguyen Thanh Phong on October 29 hosted a reception for a delegation of ambassadors from European Union (EU) member countries.
The consumer price index (CPI) inched up 0.09 percent in October against the previous month, and 2.47 percent year-on-year, according to the General Statistics Office of Vietnam (GSO).
The Embassy of Vietnam in Algeria and the National Archives Centre of the African country on October 28 held a photo exhibition marking the 58th anniversary of the two countries' diplomatic ties (October 28).
The Vietnam Red Cross Society (VRCS) Central Committee on October 26 launched a text message campaign to call for public support for flood victims in the central region.
Two months after taking effect, the EU-Vietnam Free Trade Agreement, has brought back several opportunities for Vietnamese exporters. The export growth means Vietnam has made a good use of tariff incentives to expand export markets.
Business and production activities are expected to pick up in the last three months of a year, thus helping with the recovery of the labour market from the negative impacts of the COVID-19 pandemic. Therefore, the unemployment rate is likely to drop and labourers’ income is expected to rise in the last quarter of this year, experts said.
Economic recovery in CLMV countries (Cambodia, Laos, Myanmar and Vietnam) depends on their ability to contain the second wave of the COVID-19 pandemic, according to a report from Maybank Kim Eng.
Many businesses have scaled down production and reduced their workforce due to the COVID-19 pandemic, leading to a decrease in the number of those participating in social and health insurance, as well as an increase in unpaid social security debts, experts have said.
Seventy-nine garment factories in Kampong Speu and Kandal provinces and Phnom Penh have been affected by flooding, and at least 40 of them have temporarily suspended their operations, the Phnom Penh Post quoted the Ministry of Labour and Vocational Training spokesman Heng Sour as saying.
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