Deputy Prime Minister and Foreign Minister Pham Binh Minh will attend the ASEAN Foreign Ministers’ Retreat (AMM Retreat) which will be held virtually on January 21, said Foreign Ministry’s Spokesperson Le Thi Thu Hang at a press briefing on January 14. … [Read more...] about Deputy PM to attend ASEAN Foreign Ministers’ Retreat
2020 renewable energy target eu
Garment-textile sector eyes 39 billion USD in export turnover
Hanoi (VNA) – Vietnam’s garment-textile sector sets a target of 39 billion USD in export revenue this year, equal to that of 2019, according to the Vietnam National Textile and Garment Group (Vinatex). Last year, due to impacts of the COVID-19 pandemic, the US-China trade tensions, the trade protectionism and the Brexit, Vietnam’s garment-textile exports reached only 35 billion USD. However, the result is still remarkable given the global demand dropping over 22 percent. In 2020, Vietnam was the only among the world’s top five garment-textile exporters not to have to cease production. Vinatex recorded total revenue of 15.5 trillion VND (670.7 million USD) and combined profits of 628.9 billion VND, equal to 106 percent and 164.8 percent of the set targets, respectively. Vinatex Chairman Le Tien Truong suggested the Government cut long-term interest rates, elaborating that garment-textile firms would find it hard to access loans after a year of low business … [Read more...] about Garment-textile sector eyes 39 billion USD in export turnover
VN-Index sees biggest foreign net sell in eight months
Despite this, ROS closed at VND3,500, far below its VND12,600 IPO in 2016 and a high of VND178,000 in late 2017. The ticker has been plummeting since early 2018 as a result of increasingly poor business performance, and is now the smallest capped ticker on the VN30. … [Read more...] about VN-Index sees biggest foreign net sell in eight months