Vietnamese auto makers import 80 percent of parts they need
13:00 | 11/12/2020 Industry
VEN) - The relatively small size of Vietnam’s auto market, the underdevelopment of support industries and expensive parts and components are the main reason the price of domestically assembled cars is 10-20 percent higher than those made in Thailand or Indonesia.
Support industries urged to boost efforts to join global supply chains
06:00 | 04/12/2020 Industry
(VEN) - Development of support industries is vital to improving the quality of the economy and attracting additional foreign direct investment (FDI). In addition to help provided by state policies, supporting industry enterprises must intensify their efforts to adapt to the global production chain.
Garment, textile exports shrink, falling short of target
06:00 | 03/12/2020 Industry
(VEN) - Export turnover of the garment and textile sector is expected to reach US$33-35 billion in 2020, a drop of 10 percent compared to the previous year. Although the market is recovering, it will be difficult to achieve the set target of US$42 billion.
Developing key national projects to boost rural industry
13:00 | 01/12/2020 Industry
(VEN) - Instead of focusing on individual projects, the Ministry of Industry and Trade (MoIT) has selected a number of localities to implement long-term key national industry promotion projects of specific products with generous support funding.
Vietnam, ASEAN share smart energy ideas for urban development
06:00 | 29/11/2020 Vietnam - Asean
(VEN) - As smart energy plays an important role in urban development, Vietnam plans to develop smarter, cleaner, greener and more sustainable energy resources for its cities, said experts at a recent summit in Hanoi devoted to sharing initiatives, experiences and cooperation between Vietnamese cities and other urban centers in the Association of Southeast Asian Nations (ASEAN).
Investment urged in Vietnam’s downstream industries
06:00 | 20/11/2020 Economy
(VEN) - A government report recommends investment in Vietnam’s downstream industry in order to boost the capabilities of the country’s supporting industry that manufactures components, spare parts and raw material.
Steps needed to restructure leather, footwear industries
06:00 | 19/11/2020 Industry
(VEN) - Leather and footwear manufacturers must take the initiative in restructuring production and invest in machinery to improve product quality and enhance export capability if they are to take advantage of Vietnam’s free trade agreements.