Garment-textile sector urged to shift focus to domestic market
06:08 | 29/08/2020 Industry
(VEN) - Severely affected by the Covid-19 pandemic, textile and garment exports in 2020 are likely to decrease 30-40 percent compared to last year. Manufacturers in this sector are being advised to shift some development to the domestic market and increase product diversification if they are to maintain growth and create jobs.
Vietnamese growers reap the fruit of their labors
06:05 | 28/08/2020 Trade
(VEN) - In the first half of 2020, while vegetable and fruit exports to China decreased sharply, those to other markets increased. Growers and traders are being advised to improve product processing and importers’ satisfaction in order to expand markets in the post-corona period.
Taking advantage of integration to rev up local auto industry
06:05 | 27/08/2020 Economy
(VEN) - Dr. Vo Tri Thanh, Director of the Institute for Brand and Competitiveness Strategy, spoke with Vietnam Economic News’ Nguyen Mai about the development orientation of the country’s automobile industry, urging deeper participation in the global supply chain and promotion of stable, long-term market growth.
Vinaseed's rice products conquer international markets
08:03 | 24/08/2020 Trade
(VEN) - By getting the official certification of food safety management systems (FSSC22000), rice products of Vinaseed - a member of The PAN Group have had a "golden card" to enter the European markets and integrate into the global supply chain. More importantly, they are Vinaseed own branded products, which have much higher value than normal rice exports.
Experts urge caution on M&A exploiting low share prices
06:00 | 24/08/2020 Economy
(VEN) - Capital contributions and share purchases by foreign investors have helped Vietnamese businesses gain access to new ecosystems and ensure undisrupted supplies. However, given the current volatility of the stock market and uncertainty of the economy induced by Covid-19, experts are cautioning against so-called “vultures” seeking to buy Vietnamese shares and/or companies at rock-bottom prices.
Vietnam’s pork price paradox
06:00 | 22/08/2020 Trade
(VEN) - In a bid to bring down the high price of pork, an important staple in the Vietnamese diet and a persistent source of inflationary pressure, the government is allowing live pig imports from Thailand. However, for now, the meat imports have not made a dent in prices, which continue to register record highs.
Textile, garment sector: Flexibility for adaptability
06:00 | 21/08/2020 Industry
(VEN) - The export value of textiles and garments is forecast to continue plunging in the third quarter of this year without any sign of recovery. Therefore, businesses need to be flexible to adapt themselves to the situation.