Vietnam’s textile, garment and footwear sectors aim to achieve a total export value of 77-80 billion USD in 2025 and 106-108 billion USD in 2030, according to the strategy for the development of Vietnam’s textile and footwear industry.
The Ministry of Industry of Thailand has emphasized the importance of manufacturers seriously embracing renewable energy, highlighting higher electricity bills as a critical factor in bringing firms’ attention to this issue.
Hanoi has set a target to have about 950 enterprises operating in the field of supporting industries this year, an increase of approximately 20 compared to 2022.
Vietnam is expected to surpass Japan to become the third largest trade partner of the Republic of Korea (RoK), just behind China and the US, according to the newswire world.kbs.co.kr.
Car production in Thailand rose 15% in November from a year earlier to 190,155 units, thanks to improvement in the supply of chips, the Federation of Thai Industries (FTI) said on December 20.
As enterprises in the supporting industry continue to foster their production and improve technology in order to make breakthroughs in the recovered market, they need more skilled labourers.
Prime Minister Pham Minh Chinh visited Brainport Eindhoven, considered the Silicon Valley of Europe, in Eindhoven city of the Netherlands’ North Brabant province on December 11, as part of his official visit to the European country.
The adoption by most nations of the world of the United Nations Convention on the Law of the Sea (UNCLOS) 40 years ago, was a “vital step to bring governance and order” to the vast collective treasure that is the ocean, said UN Secretary-General António Guterres.
Enterprises in the textile, garment and footwear industries are facing difficulties on a variety of fronts, including a reduction in export orders, and the plight is likely to continue until the first half of next year.
More and more foreign investors are interested in the possibility of investing in the production of electric vehicles (EVs) in Thailand thanks to measures to attract investment, encourage the use of EVs as well as an increase in local demand for the products.
Sembcorp Industries, a Singaporean-invested firm, will build the first modern ready-built warehouse in central Vietnam next month to meet the increasing demand in the industrial real estate market.
Vietnam is becoming more well-known for its supporting and manufacturing industries, especially as the world needs to diversify supply chains due to the impact of the COVID-19 pandemic.
The Hanoi Creative Design Festival 2022 kicked off in the capital city’s pedestrians space around Hoan Kiem Lake on November 11, aiming to promote the city’s creative and cultural resources.
Vietnam saw over 13,000 new enterprises formed with a total registered capital of 106.9 trillion VND in October, up 13.6% in number of firms but down 21.4% in capital from the previous month.
The Ministry of Education and Training has unveiled a plan to improve the training of high-quality human resources for the technology sector to enhance competitiveness in the region and the world.
The first-ever research project on stem cells in Da Nang and the central region has been given approval from Da Nang Hi-Tech Park and Industrial Zones Authorities, making a crucial step in turning the city into a centre of biological research.
Enterprises in the textile, garment and footwear industries are facing a decrease in orders through the rest of this year and possibly into the next year.
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