HCM City’s FDI posts strong rise in Q1 Business

HCM City’s FDI posts strong rise in Q1

While fresh foreign direct investment (FDI) approvals in the country suffered a sharp fall in the first quarter of this year, those in Ho Chi Minh City rose strongly in the period, a local newspaper has reported.

Giant apparel firm earmarks 190 mln USD for projects in 2014

The Vietnam National Textile and Garment Group (Vinatex) will pour over 4 trillion VND (190 million USD) into numerous projects including yarn, textile, garment, and cotton farms this year, CEO Tran Quang Nghi told Tuoi Tre (Youth) newspaper in a recent interview.

Ho Chi Minh City CPI up 0.4 percent in January

The January consumer price index (CPI) in Ho Chi Minh City in the lead up to the Lunar New Year holiday, or Tet, increased only 0.4 percent from last month though eight out of the 11 commodities in the CPI-measuring basket have risen, the Saigon Times Daily reported.

Apparel exports to US forecast to surge

If the Trans-Pacific Partnership (TPP) agreement is realised soon, Vietnam’s textile-garment exports to the US could hit around 10 billion USD this year, with the number set to double by 2020.
Textile, garment exports surpass yearly target Business

Textile, garment exports surpass yearly target

Vietnam’s export turnover from fibre, textiles and garments surpassed 20 billion USD in 2013, up 18 percent from 2012 and surpassing target by over one billion USD, according to Dau Tu (Investment) newspaper.

Ho Chi Minh City faces labour shortage

Businesses and small and medium sized enterprises (SME) in Ho Chi Minh City are trying to solve a labour shortage, because workers have quit in hope of better pay after Lunar New Year holidays, according to the Centre for Labour Market Information and Human Resource Forecast.
Culture - Sports

Vietnam to flaunt its fashion in RoK

The Republic of Korea (RoK) Embassy’s Trade and Investment Promotion Agency in Hanoi (KOTRA Hanoi) will arrange for a delegation of Vietnamese businesspeople to attend an international textile-garment exhibition and fashion festival to be held in Busan city, RoK, in mid-October.

Apparel exporters to pass benchmark

The textile and garment sector's export value is expected to earn 7.5 billion USD during the first nine months, a 17 percent increase against the same period last year, reports the Vietnam Textile and Apparel Association.

Locals still poised for fund verdict

Shares tread water on the HCM Stock Exchange on July 12, with the VN-Index hovering near 500 points as investors held their breath waiting for news of the fate of the Vietnam Enterprise Investments Fund Ltd (VEIL).