Cambodia to exit from Least Developed Countries status World

Cambodia to exit from Least Developed Countries status

Phnom Penh Post on May 10 quoted a senior official from the Cambodian Ministry of Commerce as saying that Cambodia is well-prepared to minimise economic risks when it graduates from its Least Developed Countries (LDC) status.
Recruitment demand soars in textile & garment, IT sectors Society

Recruitment demand soars in textile & garment, IT sectors

The effectiveness of free trade agreements, especially the EU– Vietnam Free Trade Agreement, has helped to increase export orders for textile and garment enterprises in Vietnam, leading to high recruitment demand in the first and second quarter, according to Navigos Group, a recruitment service provider in Vietnam.
Key export sectors the target of M&As by foreign investors Business

Key export sectors the target of M&As by foreign investors

Several of Vietnam’s key export sectors, such as textile-garment, leather-footwear, and electronics have become magnets for merger and acquisition (M&As) activities, posing a risk of leading enterprises in those sectors being purchased by foreign investors.
Processing industry leads Q1 export growth Business

Processing industry leads Q1 export growth

Shipments of products from the processing industry brought in about 67.39 billion USD in the first quarter of this year, representing 87.13 percent of Vietnam’s total export value during the period.
SOEs need to enhance autonomy in operation: report Business

SOEs need to enhance autonomy in operation: report

State-owned enterprises (SOEs) need to enhance their autonomy and responsibility under market mechanisms to contribute to the growth of the economy, according to a report by the Central Institute for Economic Management (CIEM).
Vietnamese textile industry sees huge export opportunities Business

Vietnamese textile industry sees huge export opportunities

The textile and apparel industry, which managed to survive three waves of COVID-19 thanks to its decision to produce face masks and personal protective equipment, will focus on sportswear and yarn, according to the Vietnam National Textile and Garment Group.