Auto industry develops but local part supply still low Business

Auto industry develops but local part supply still low

The automobile industry of Vietnam has witnessed progress in the last two years, but the localisation rate (local part supply) still remains low, not meeting the set target, according to a Ministry of Industry and Trade (MoIT) report sent to the National Assembly for discussion and direction.
Vietnam exports a billion pairs of shoes each year Business

Vietnam exports a billion pairs of shoes each year

Vietnam now exports 1 billion pairs of shoes per year and the nation is the second largest leather and footwear exporter in the world, according to experts at the Vietnam Footwear Summit 2019 held in HCM City on March 20.
CPTPP officially comes into force in Vietnam Business

CPTPP officially comes into force in Vietnam

The Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) officially came into force in Vietnam on January 14, promising to open up opportunities for many industries to boost exports, but also posing challenges for businesses which require them to devise long-term strategies to increase their competitiveness in the global market.
Leather, footwear sector needs supporting industry Business

Leather, footwear sector needs supporting industry

The leather and footwear sector needs to develop supporting industry to reduce reliance on the import of raw materials, enhance competitiveness and boost high-value exports, said Deputy Minister of Industry and Trade Cao Quoc Hung.
FDI firms in south gear up for CPTPP Business

FDI firms in south gear up for CPTPP

Foreign-invested companies in the southern region are speeding up investments and preparing for opportunities as Vietnam is poised to join the Comprehensive and Progressive Agreement for Tran-Pacific Partnership (CPTPP).