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Flower growers look to online sales amid COVID-19 resurgence Workers at a flower farm in Da Lat City. Traditionally, city dwellers shop for flowers and botanicals at flower markets to fill their home with the most cheerful blooms to celebrate the new year. But many flower growers said that flower markets were not busy this year, leaving them with an oversupply. Nguyen Duy, a flower farm owner in Da Lat City, said that COVID-19 outbreaks in many localities would likely affect people's purchasing power for flowers ahead of Tet festival. Thuy Vu, director of the The Gioi Hoa Tuoi JSC, a wholesale supplier of flowers, said it would not focus on retail sales for the Tet festival this year due to market uncertainty. Nguyen Thi Ngoc Lan, a flower vendor at Ho Thi Ky flower market in HCM City, said flowers stockpiled for the Tet market this year were not as numerous as last year due to concerns over weak purchasing power. Purchasing orders with flower farms are expected to … [Read more...] about VIETNAM BUSINESS NEWS FEBRUARY 8

The Hanoitimes - While the Covid-19 pandemic further exposes Vietnam’s shortcomings from its highly dependence on both the global supply and demand sides, it is also a golden opportunity for the country to narrow development gap with regional peers. The capital inflows from multinationals into Vietnam and a strong base of supporting industries would help Vietnam further integrate into global supply and production chains. Minister of Industry and Trade Tran Tuan Anh. Photo: Nhat Bac. Minister of Industry and Trade Tran Tuan Anh made the statement at the third working day of the 13 th National Party Congress on January 28. “The development of the industrial sector at a time when Vietnam opens its door to the world has been key in cement the country’s role in the global production and value chains,” Mr. Tuan Anh noted. The UN Industrial Development Organization (UNIDO)’s Competitive Industrial Performance Index 2019 revealed Vietnam ranked 42 globally, up … [Read more...] about Vietnam aims to play active role in global supply chain

The Hanoitimes - Guided by the values of sustainability and respect for local culture, the deal envisions Hanoi's development as a “Creative Capital” whose development builds on its creative past and the energy of its youth. Vietnam’s SOVICO Group has become a strategic partnership of the United Nations (UN) after the signing of a Memorandum of Understanding (MoU) in Hanoi on September 23, pledging to develop Hanoi into a UNESCO Creative City, Kinh Te & Do Thi reported. The signatories were UN Resident Coordinator in Vietnam Kamal Malhotra and Chairwoman and CEO of SOVICO Group Nguyen Thi Phuong Thao. Chairwoman and CEO of SOVICO Group Nguyen Thi Phuong Thao (R) and UN Resident Coordinator in Vietnam Kamal Malhotra sign a MoU in support of the sustainable development goals. Photo: Vietjet Air Noting that both parties share common interests in promoting youth engagement, green growth and the protection and promotion of natural and cultural heritage in … [Read more...] about UN and SOVICO help develop Hanoi into creative city