Nam Dinh industry promotion proves efficient

10:01 | 02/11/2017 Industry Follow Ven.vn on

(VEN) - An industry promotion program in the Red River Delta province of Nam Dinh that helped a local company stabilize production and produce quality goods is a good example of how such government programs can effectively help business enterprises.

nam dinh industry promotion proves efficient

According to the Industry Promotion Center 1 (IPC1) under the Agency for Regional Industry and Trade, the project involved applying machinery in safety equipment production at Phuong Ngoc Co, Ltd, which purchased three computerized sewing machines for more than VND400 million.

Computerized sewing machines contain microprocessors that control the different operations. They automatically operates many of the processes with features like speed control and fabric guidance systems. In particular, computerized sewing machines help users spend less time on preparation and more time on production.

Vu Thi Kim Thoa, deputy director of the Phuong Ngoc Co, Ltd, said the application of new equipment in production has helped the company increase labor productivity and meet orders.

She added that with nearly 30 years of experience in production and sales of labor protection products, the company has confirmed its position in the market. Renovating production technologies is one of the main reasons for the company’s success. In particular, the company has invested in a new production line with total capital of VND10 billion to produce products according to European quality standards. The company’s products are also certified by the Directorate for Standards, Metrology and Quality, and the Ministry of Science and Technology. New technologies have saved the company 20 percent of labor costs, making product prices more competitive.

In addition to promoting investment in new technologies, the company has also focused on improving workers’ living conditions. Apart from the salary and insurance regimes fully implemented according to regulations, workers are rewarded in various forms during holidays.

Compared to the company’s financial potential, the support of industry promotion program is quite small. However, it plays an important role in providing market information.

In addition to boosting the domestic market, the company is aiming to export products. The company has asked the IPC1 to provide support for participating in overseas fairs in order to help the company understand foreign markets and promote exports.

Viet Nga

See more news

Ten-year milestone of outstanding rural industrial product program

14:00 | 26/05/2023 Industry promotion

(VEN) - For 10 years of implementation (2012-2022), the outstanding rural industrial product program has become familiar to insiders as a playground to honor unique rural industrial products with high quality and economic values.

Dong Nai Province speeds up industrial development

14:00 | 25/05/2023 Industry promotion

(VEN) - Industry promotion is expected to significantly help the southeastern province of Dong Nai reach an estimated rural industrial production value of VND77.359 trillion in 2023, a 5.4 percent increase against 2022.

New technology helps utility, industrial operators overcome power network challenges

15:13 | 24/05/2023 Energy

ABB in Vietnam is now launching ABB AbilityTM Smart Substation Control and Protection for electrical systems SSC600, an innovative, centralized approach to protection and control in distribution networks.

Hà Nội supports industrial development

09:21 | 24/05/2023 Industry

The index in the first four months of this year rose by 1.6 per cent over the same period last year.

Vietnam ensures energy security in all scenarios

06:00 | 24/05/2023 Energy

(VEN) - The Ministry of Industry and Trade (MoIT) has promoted its state management role in the field of energy to meet the requirements of the national economy.

Vietnam Ranks Second in Bauxite Reserves

15:00 | 22/05/2023 Energy

According to the U.S. Geological Survey (USGS) Mineral Commodity Summaries (MCS) 2023 report, Vietnam holds the second position in terms of bauxite reserves worldwide. The total global reserves stand at 31 million tons of Bauxite.

Hà Nội industrial products, equipment and automation fair held

09:52 | 19/05/2023 Industry

The trade fair saw the participation of local and foreign firms operating in the supporting industry from the Republic of Korea, Japan, Taiwan (China), Hong Kong (China), Thailand, and Malaysia, which are displaying products at 250 booths.

Enhancing resilience against global shocks critical for electronics industry

07:00 | 18/05/2023 Industry

HÀ NỘI — It is critical for the electronics industry to enhance its resilience against global shocks, take the opportunities arising from global production and participate deeply in the global supply chain.

State support needed for auto support industry

06:00 | 17/05/2023 Support industries

(VEN) - Vietnam needs to improve policies in order to further facilitate development of the automobile support industry.

HCM City seeks to revive industrial growth

07:00 | 15/05/2023 Industry

HCM City needs to review its industrial production to identify shortcomings and barriers, according to experts.

Latest Most Read

CEPA Agreement: Leverage to promote Vietnam-UAE economy, trade

09:12 | 06/06/2023 Vietnam and other regions

The formation of long-term cooperation frameworks such as Comprehensive economic partnership agreement (CEPA) between Vietnam and United Arab Emirates (UAE) will provide the necessary foundations for the two sides to promote future cooperation, a Vietnamese official has said.

Police warn against illegal forex trading platforms

06:00 | 06/06/2023 Science - Technology

Hanoi police have warned people against illegal foreign exchange trading platforms on the internet which have swindled many out of their money.

More assistance for supporting industry

06:00 | 06/06/2023 Support industries

DKSH publishes its sixth sustainability report

15:11 | 05/06/2023 Companies

DKSH has published its 2022 Sustainability Report, outlining its revised sustainability strategy and the progress made on environmental, social, and governance-related topics. Alongside, DKSH also publishes its first Task Force on Climate-Related Financial Disclosures (TCFD) Report.

Experience healing with world-renowned practitioners at Four Seasons Resort The Nam Hai, Hoi An

14:15 | 05/06/2023 Tourism

Following its ethos of nurturing mind, body and spirit, Four Seasons Resort The Nam Hai, Hoi An continues to bring visitors more enriching experiences to return to this peaceful oasis this summer.

Central bank eases credit crunch, boosts growth

06:00 | 22/05/2023 Finance-Banking

(VEN) - The banking sector has adopted a series of mechanisms and policies in recent months to help businesses and customers restructure debt repayment and shore up the local bond market.

Vegetable, fruit exports: A sweet and sour challenge

06:00 | 20/05/2023 Vietnam and EU

(VEN) - Increasing world demand and the advantages of Vietnamese fruits and vegetables create vast potential for exports. However, stringent requirements of international market, especially regarding origin traceability and food safety, are confronting growers and exporters with majorThe 50th biggest fruit and vegetable exporter to the EU challenges.

New difficulties for textile, garment exports to Canada

06:00 | 21/05/2023 Vietnam and other regions

(VEN) - Canada will eliminate all remaining import duties on Vietnamese textile and garment products this year in accordance with the Pacific Rim trade deal, but the benefits could be offset by other challenges.

PM Chính discusses FDI, ODA and visas with PM Kishida

08:55 | 22/05/2023 Vietnam and other regions

The two leaders discussed specific measures to promote the extensive strategic partnership between the two countries to a new height as they held a talk on the sidelines of the expanded Summit of the Group of Seven (G7) in Hiroshima, Japan.

Enhancing Exports to China

06:00 | 23/05/2023 Foreign trade

(VEN) - Le Hoang Tai, Deputy Director of the Ministry of Industry and Trade’s Vietnam Trade Promotion Agency (VIETRADE), said at a recent meeting with the media that despite Vietnam's geographic advantage, exports to China require greater efforts on the part of businesses in order to adapt to Chinese standards and achieve efficient outreach.

Multimedia

Video Longform Infographic Photo

Children's artwork displayed at HCM City exhibition

06:00 | 04/06/2023 Lifestyle

The exhibition is the result of the art contest We In Me 2023 launched by the Vietnam Contemporary Visual Arts Academy (VCVAA) – an institution founded by international artist and educator Thanh Bùi to nurture young Vietnamese artistic talents.

a memorable summer with fireworks and fun festivals in da nang

A memorable summer with fireworks and fun festivals in Đà Nẵng

09:41 | 02/06/2023 Tourism

The vibrant summer days in the coastal city of Đà Nẵng will begin with the return of DIFF 2023.

Top models to compete in national modeling reality TV show

09:30 | 02/06/2023 Lifestyle

Around 20 male and female models will compete for the title of the modeling-themed reality TV series Face Vietnam 2023.

favourable visa policy urged to draw foreign tourists to viet nam

Favourable visa policy urged to draw foreign tourists to Việt Nam

06:00 | 01/06/2023 Tourism

Last year, Việt Nam welcomed more than 3.66 million foreign visitors or 73 per cent of the target.

viet nam received 46 million foreign visitors in first five months over half the years target

Việt Nam received 4.6 million foreign visitors in first five months, over half the year’s target

14:38 | 30/05/2023 Tourism

Việt Nam sets sight on eight million foreign tourists this year, but the target was made before China officially announced its reopening in early February and reallowed sending group tours to Việt Nam in mid-March.

Policy

PM issues directive to enhance data sharing for e-commerce development

09:06 | 02/06/2023 Policy

Prime Minister Pham Minh Chinh on May 31 signed Directive No. 18/CT-TTg on promoting data connection and sharing for e-commerce development, preventing tax loss, and ensuring monetary security.

Deputy PM urges acceleration of electricity licensing for finished wind, solar power projects

10:06 | 25/05/2023 Policy

Deputy Prime Minister Tran Hong Ha has requested the Ministry of Industry and Trade to accelerate the process of issuing electricity licenses for wind and solar power projects that have been completed but have not yet been put into operation.

Specific mechanisms, policies needed to drive HCM City’s growth

06:02 | 20/05/2023 Policy

Ho Chi Minh City needs to be supported by specific mechanisms and policies that are strong enough to remove bottlenecks faced by the city and enable it to create breakthrough developments, experts said.

PM approves National Power Development Plan VIII

14:20 | 17/05/2023 Policy

Prime Minister Phạm Minh Chính has approved the National Power Development Plan VIII, which guides the development of power plants and power grids between 2021 and 2030.

Industry & Trade

More assistance for supporting industry

06:00 | 06/06/2023 Support industries

Cement industry suffers financial losses during Q1

09:54 | 02/06/2023 Industry

Decreased demand and increased costs have put cement makers in a difficult spot financially during the first quarter of 2023, said industry insiders and experts.

Việt Nam has major opportunities to engage in global Halal industry Deputy minister

06:00 | 31/05/2023 Industry

Deputy Minister of Foreign Affairs Phạm Quang Hiệu speaks to the media about strengthening international cooperation to develop the Halal industry in Việt Nam.

Cut on automobile registration fees to facilitate auto industry

14:33 | 30/05/2023 Industry

Investment

Vietnam – attractive destination for Italian firms: forum

13:00 | 04/06/2023 FDI

Raffaele Cattaneo, deputy minister in charge of international relations of Italy’s Lombardia region, called Vietnam a “diamond” of Asia and an attractive destination for Lombardia enterprises while speaking at a recent business and investment forum in Milan.

FDI enterprises urge investment environment improvement

06:00 | 01/06/2023 FDI

(VEN) - At an April-22 in-person meeting between Prime Minister Pham Minh Chinh and foreign investors, business and association representatives suggested that Vietnam further improve its investment environment.

Vietnam's five-month FDI rises sharply nationwide

13:03 | 29/05/2023 FDI

The total inflows of foreign investment in Vietnam this year to May 20, including new and added investment and contributions for share purchases by foreign investors, reached nearly 10.86 billion USD, down 7.3% year-on-year, but up 10.6 percentage points as compared with the figure in the first four months of this year, the Foreign Investment Agency (FIA) under the Ministry of Planning and Investment reported.

Binh Phuoc’s potential introduced to Australian partners

10:13 | 26/05/2023 Investment

A seminar was held in Sydney on May 24 to introduce and popularise new investment opportunities in Binh Phuoc, a southern Vietnamese province of great potential, on the occasion of the 50th anniversary of Vietnam-Australia diplomatic ties.

Finance-Banking

SBV Governor explains high lending rates, credit room management

09:50 | 05/06/2023 Finance-Banking

Governor of the State Bank of Vietnam (SBV) Nguyen Thi Hong provided explanations regarding the high lending rates and credit room management during a plenary session of the 15th National Assembly’s ongoing fifth meeting in Hanoi on June 1.

Important: Multi-target monetary policies needed

06:00 | 02/06/2023 Finance-Banking

(VEN) - According to Deputy Governor of the State Bank of Vietnam (SBV) Pham Thanh Ha, the SBV’s monetary policy management has never been as difficult as it is now due to the global economic changes, while the bank must not make any mistakes upon policy issuance and application.

Dozens of commercial banks cut savings interest rates

09:31 | 30/05/2023 Finance-Banking

Dozens of commercial banks have simultaneously decided to reduce deposit interest rates from May 25, after the State Bank's decision to cut policy interest rates.

Central bank continues to reduce policy interest rates

06:12 | 27/05/2023 Finance-Banking

The State Bank of Vietnam (SBV) has announced two decisions to further reduce policy interest rates, which will become effective from May 25, 2023.

Environment

PM urges stronger wildfire prevention measures amid strong heatwaves

06:00 | 28/05/2023 Environment

Prime Minister Phạm Minh Chính has urged stepping up wildfire prevention measures as heatwaves are scorching many localities nationwide, increasing the risk of wildfires.

Vietnam targets development of green, plastic waste-free tourism

06:00 | 28/05/2023 Environment

Vietnam is considered one of the largest contributors to marine plastic pollution globally, with the volume of plastic waste discharged into the sea ranging from 0.28 to 0.73 million tonnes a year, of which a big part comes from tourism activities.

Đồng Nai afforestation programme kicks off

06:00 | 27/05/2023 Environment

NGO Gaia Nature Conservation Center on Monday kicked off its annual afforestation programme at the Đồng Nai Culture and Nature Reserve to mark International Day for Biological Diversity.

New task force promotes innovation and financing for plastic waste reduction

14:30 | 26/05/2023 Environment

The Việt Nam National Plastic Action Partnership (NPAP) has launched a new task force to promote innovation and catalyse investment in effective solutions for reducing plastic waste and pollution in Việt Nam.

Science - Technology

Police warn against illegal forex trading platforms

06:00 | 06/06/2023 Science - Technology

Hanoi police have warned people against illegal foreign exchange trading platforms on the internet which have swindled many out of their money.

Over 77,000 computers in Vietnam suffer data encryption in 7 months Bkav

06:00 | 04/06/2023 Science - Technology

More than 77,000 computers in Vietnam have suffered data encryption since December 2022, according to Bkav – a leading Vietnamese technology corporation that specialises in cyber security and software.

Vigorous changes in science and technology

06:00 | 03/06/2023 Science - Technology

(VEN) - In the context of deepening international integration, the industry and trade sector has undergone positive changes in scientific research and technology development.

Internet speeds up as four of five undersea cables repaired

08:56 | 02/06/2023 Science - Technology

Four out of the five international undersea cables that were damaged last year and early this year have been repaired, the Department of Telecommunications under the Ministry of Information and Communications announced on June 1.

Society

Hanoi: Agricultural development policies lack real-world effectiveness

06:00 | 04/06/2023 Metropolis

(VEN) - Hanoi's agricultural policy implementation has been sluggish, yielding limited results that fail to align with the city's potential and strengths.

New Zealand provides 40 full micro-credentials scholarships for Vietnamese learners

16:23 | 26/05/2023 Society

Following the success of the Micro-credentials Scholarship program in 2022, Education New Zealand (ENZ) announced 40 full scholarships exclusively for Vietnamese learners in 2023, with a total value of more than half a billion dong.

Mong Cai city imports electricity from China’s Dongxing

10:37 | 25/05/2023 Energy

The Mong Cai (Vietnam) - Dongxing (China) 110kV transmission line was completed and put into operation at 6 am on May 22, adding power supply to Mong Cai city in the northeastern province of Quang Ninh, according to the Mong Cai City Electricity.

Seminar discusses orientations for rapid and sustainable national development

07:15 | 22/05/2023 Society

Participants at a seminar in Hanoi on May 16 discussed three pillars of the nation’s rapid and sustainable development.

Vietnamese Brands

• Tripadvisor highlights the sole hotel in Da Nang in the prestigious Travelers' Choice Best of the Best award

09:30 | 28/05/2023 Vietnamese Brands

Millions of travelers from around the world have voted Premier Village Danang Resort - a masterpiece by Sun Group on the shores of the East Sea - as one of the top 10 family-friendly hotels in Asia 2023 on Tripadvisor.

Pfizer Vietnam, VNVC sign MoU to protect public health

09:00 | 26/05/2023 Vietnamese Brands

Pfizer (Vietnam) Limited Company and Vietnam Vaccine Joint Stock Company (VNVC) on Wednesday (May 24) signed a memorandum of understanding (MoU) to partner on protecting public health by increasing the rate of proactive prevention of dangerous infections in the period of 2023-25.

Vietjet offers 50% discount on SkyBoss Business tickets

Nam Dinh industry promotion proves efficient

See also

See more news

Multimedia