Day: September 21, 2022

The textile and garment industry’s local procurement reached a record high rate of 57 % in the first eight months of this year, approaching the target of 60% set for 2025, Le Tien Truong, chairman of the Vietnam National Textile and Garment Group (Vinatex), said.   He added that this is a big improvement as […]

A recent strong influx of foreign direct investment (FDI) to Vietnam has prompted the government to design long-term policies and create a favourable and transparent environment for foreign investors to operate in a long term in the country, according to experts.   Statistics from the Ministry of Planning and Investment showed that 35-40% of the […]

The recovery and development of the food and beverage (F&B) market post-COVID-19 is providing opportunities not only for domestic companies but also those from the United Kingdom (UK), especially after the success of the UK-Vietnam Free Trade Agreement (UKVFTA).   After all COVID-19 restrictions were lifted and lives returned to normal, domestic consumption demand has […]

  Increasing domestic supply of raw materials is among the highest priorities for the development of Việt Nam’s livestock feed industry in the future, said policymakers and industry experts.   In recent decades, the overreliance on imported raw materials has been identified as a major shortcoming of the industry. The country’s fast-expanding livestock sector has […]

The Asian Development Bank (ADB) has maintained its favourable economic outlook for Vietnam as it forecasts the country’s gross domestic product to expand 6.5% in 2022 and 6.7% in 2023, based on the update of its flagship economic report released on September 21.   ADB Country Director for Vietnam Andrew Jeffries commented that Vietnam’s economy […]

Representatives of some 200 companies and associations gathered at Industry Innovation Forum 2022, themed “Smart Manufacturing”, held by the Board of Management of Saigon Hi-tech Park (SHTP) in Ho Chi Minh City on September 20.   It is the first time the forum has been organised, said Nguyen Anh Thi, head of the SHTP Board […]