Vietnam's yarn industry faces many challenges in production and export, especially to China, one of the largest export markets for local yarn products, according to experts.
The textile and garment industry, aiming to take advantage of free trade agreements (FTAs) with a focus on green manufacturing, is upbeat about earning 60 billion USD from exports by 2025.
The Thai Chamber of Commerce (TCC) forecast Thailand’s gross domestic product (GDP) growth at 3.5 percent in 2019 if the new government takes office by September.
The Philippines’ GDP growth rate for the fourth quarter of 2018 was edged up 6.3 percent from the same period last year, higher than the previous prediction of 6.1 percent, the Philippine Statistics Authority said on April 4.
Vietnam’s economic growth rate is expected to reach 6.8% this year, while the inflation rate remains the same as that of 2018.
The first edition of the Vietnam industrial real estate forum will be held in Hanoi on April 23 by the Central Institute for Economic Management (CIEM), the Vietnam Real Estate Association (VNREA), and Thuong Gia (Merchant) Magazine.
The Vietnam Chamber of Commerce and Industry has recently unveiled that many steel firms from the Republic of Korea (RoK) are planning their investments in Vietnam.
Orders for furniture exports have risen strongly so far this year as demand has risen, according to Huynh Quang Thanh, Chairman and CEO of Binh Duong-based Hiep Long Fine Furniture Company.
The Ministry of Planning and Investment (MPI) lowered its estimate for Vietnam’s GDP growth to 6.58 percent in the first quarter of this year.
Associate Professor Sandip Kumar Mishra at Jawaharlal Nehru University, New Delhi, India recently gave positive assessments on the DPRK-USA Hanoi Summit Vietnam, which took place on February 27-28.
Enterprises in the garment and fishery sectors have set development plans to take full advantage of free trade agreements such as the CPTPP and EVFTA.
The Vietnamese Government and National Assembly aim to achieve gross domestic product growth of 6.6- 6.8 percent while maintaining inflation under 4 percent in 2019.
The Singaporean Ministry of Trade and Industry reported on February 14 that the country’s fourth-quarter economic growth was at the slowest pace in the past more than two years, warning that manufacturing is likely to see a significant moderation this year.
Member states of the Association of Southeast Asian Nations (ASEAN) should prioritise progress on regional initiatives to cope with major economic headwinds in the context of increasing US-China trade tensions, according to eastasiaforum.org.
Vietnam is at the top of the list of markets that could benefit from trade diversion coming from US-China trade tensions, building on its increasing competitiveness in manufacturing, according to Pham Hong Hai, CEO of HSBC Vietnam.
Experts have forecast minimal pressure on exchange rates in 2019, with little chance of significant volatility.
The University of the Thai Chamber of Commerce (UTCC) has projected that spending during the Valentine and Maka Bucha Day period will be no less than 6.3 billion THB.
Vietnam’s textile and garment sector is hoped to make breakthroughs in 2019 based on successes and momentum last year.
