Added value products definition

New values in demand for living space Homebuyers growing picky There are big changes in homebuyers’ demands nowadays. If location and pricing were the top factors in the past, now comfort also plays a decisive role. This has required developers to scale up investment into ensuring living space and the comfort of their projects. Late last year, a string of projects introduced by some major developers in Ho Chi Minh City, albeit carrying high price tags, could still garner a great deal of attention from homebuyers. Saigon Mystery Villas on Bat Nan Road (District 2) by Hung Thinh Corporation consists of 12 attached house blocs and two villa complexes covering nearly 15 hectares. Despite its fairly high price averaging VND100 million ($4,500) per square metre, more than 70 per cent of the products put on offer have found owners in a short time. Huy, a homebuyer at the project, said that the project perfectly fit his requirements despite the high price tag. Besides its proximity to … [Read more...] about New values in demand for living space

Particularly, Adidas has cut 50 percent of footwear made in neighboring countries and shifted orders to Vietnam because of cheaper labor costs. Similarly, Adidas’s rival, Nike current has up to 50 percent of its products made in Vietnam. According to Lefaso, as footwear products receive high tax reduction rate right after the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) became effective, this has attracted several foreign investors in the footwear industry to come to Vietnam. Therefore, footwear export turnover to CPTPP’s member countries will continue to increase in the next years. However, in order to make use of the CPTPP, Lefaso and enterprises need to resolve obstacles, including brand name, material and technology. In the past, the industry’s value added was low due to its dependence on imported materials and auxiliary materials. Moreover, leather product suppliers in Vietnam lacked of knowledge and investment in technology. … [Read more...] about International sports brands increase production in Vietnam

A recent report by financial data provider Fiin Group shows that foreign-invested firms account for almost all the increase in exports to the U.S. as its trade spat with China intensifies. In the garments sector, for example, Vietnamese companies only accounted for 16 percent of the export value from June 2018-2019, with FDI firms making up the remaining 84 percent. South Korean garment manufacturers in Vietnam have been the biggest winners from the trade war, with 143 South Korean companies accounting for almost half of Vietnam’s garment export value in the period, the report said. It said South Korean corporations were better placed to reap the gains because they have been in Vietnam since early 2000s and have well established supply chains in the country. "The majority of Vietnamese companies are still small-sized and do not meet foreign buyers’ requirements on quality, quantity and cost."  A similar situation could be seen in the export of phones and parts. South … [Read more...] about US-China trade war spoils go to FDI firms

Mangos are packaged to prepare for export (Photo: VNA) Hanoi (VNA) – Meeting tougher technical standards in production and preservation is the key to helping Vietnam’s agricultural products, including fruits, actively raise their export volume and value, an official has said. Nguyen Quoc Toan, Acting Director of the Agro Processing and Market Development Authority under the Ministry of Agriculture and Rural Development, made the remark at a workshop in Hanoi on June 19 that focused on the Republic of Korea (RoK)’s management system of the plant protection product  (PPP) residue list for imported agricultural products. He said although agricultural products of Vietnam boast huge export potential, only when they meet strict production and preservation standards can the possibility of being exported directly to such markets as the RoK, Japan, Taiwan (China) and Europe be improved. Le An Hai, Deputy Director of the Department for Asian – African Markets of … [Read more...] about Firms updated about RoK’s new rules on agricultural imports

An inevitable trend Green building, or sustainable development in construction, has become an inevitable trend in the context of global climate change. Green buildings usually have long life cycles and attain the efficient consumption of resources to ensure the comfort and convenience of the users, while minimising any harmful impacts on the environment by using green building materials. “Accordingly, green or sustainable building materials are characterised by having one of the following traits: non-toxicity, high recycled content, efficiency, energy saving, a long life-cycle or eco-consciousness to reduce pollution in the soil, air, and water, while contributing to the efficient use of energy in construction works,” said Dr. Thai Duy Sam, vice chairman of the Vietnam Association of Building Materials. As said by the World Green Building Council and Green Building Certification Institute, buildings worldwide account for 17 per cent of fresh water usage, 25 per cent of wood … [Read more...] about Green construction materials gaining ground