The Ministry of Industry and Trade (MoIT) has introduced a range of measures to boost the growth of support industries in a bid to promote the engagement of local companies in production chains.
The HCM City Power Corporation (EVNHCMC) plans to complete the installation of electronic meters connected to a remote data collection system for all customers in the city next year.
Vietnam has emerged as a popular destination for industrial property projects as increased labour costs, trade disputes and COVID-19 prompt global manufacturers to vary their supply chains throughout Asia, according to CBRE.
Vietnam, Cambodia, and Myanmar are among a few Asian nations set to gain the most from shifts in apparel manufacturing, according to a recent report from Fitch Solutions.
The US website Seeking Alpha has described Vietnam as the preferred destination of foreign capital in recent years with annual economic growth of 7 percent, twice as much as the world average.
Vietnam’s leather and footwear industry should improve its supply chain performance to take advantage of the milestone trade deal that the country has signed with the EU and to recover from the effects of the COVID-19 crisis, speakers said at a recent international footwear conference.
The Mekong Delta province of Dong Thap has encouraged farmers and farming companies to improve the efficiency of their irrigation to increase yields and reduces costs.
With both border gates and seaports connected to China, the city of Mong Cai in Quang Ninh province is a top spot for realty businesses and project developers.
Farmers in the south-central province of Binh Thuan in areas without public irrigation systems have dug ponds, built small reservoirs, and installed efficient irrigation systems as drought occurs during the dry season.
Residents in Van Ha commune, Hanoi’s outlying district of Dong Anh are well-known for their craftsmanship and strong aesthetic sense. Traditional handicraft wood products made in the commune are an ingenious combination of wood and craftsmanship.
Coffee farms in the Tay Nguyen (Central Highlands) province of Kon Tum are producing higher yields from new coffee trees and older trees grafter with with young shoots.
Analysts from BofA Global Research estimated that about 7 percent of total employees, or 20.7 million, in ASEAN-6 economies could be laid off due to the COVID-19.
More than 90 percent of IT firms in Vietnam want to hire more staff and expand their business after the pandemic, according to the latest report by Navigos Group.
Many economic sectors in the southern province of Dong Nai, including major industries, are expected to face a range of difficulties due to the impact of COVID-19, especially in ensuring supplies of production materials.
Growing Tac Cau pineapple, a specialty fruit in southern Kien Giang province, under Vietnamese good agricultural practices (VietGAP), has offered high profits for farmers in Chau Thanh district’s Binh An commune.
Though Tet (Lunar New Year) is approaching with rising capital demands, the liquidity of the banking system is abundant, helping interest rates in the inter-bank market drop sharply, industry insiders said.
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