Huge discount wholesale

A production line at the The Ky Yarn Joint Stock Company (Photo: VNA) HCM City (VNS/VNA) - The textile and apparel industry , which managed to survive three waves of COVID-19 thanks to its decision to produce face masks and personal protective equipment, will focus on sportswear and yarn, according to the Vietnam National Textile and Garment Group . Le Tien Truong, its general director, said demand for face masks and personal protective equipment will shrink rapidly. Armed with their experience of coping with the pandemic, many textile and footwear enterprises are quietly confident of altering plans when required and finding new markets to cope with new situation after COVID-19 is under control. Sportswear has arguably been the most successful segment during the pandemic as awareness of physical exercise rose. According to Euromonitor International, in 2020 the demand for sportswear world-wide decreased only about 8 percent, the lowest in an industry which saw … [Read more...] about Vietnamese textile industry sees huge export opportunities

Much of Vietnam Airlines’ fleet has been grounded due to the pandemic According to Le Hong Ha, deputy general director of Vietnam Airlines, the carrier has been fully aware of its responsibility to preserve and develop its products and services to both maintain the economic vein of the country and promote its golden lotus logo to bolster Vietnamese aviation and promote the nation’s culture and tourism across the world. As a bridge between regions and the world, Vietnam Airlines is committed to maximising its potentials to support domestic businesses in delivering their products to not only customers all over the country but also to numerous international friends. In 2020, Vietnam Airlines has been reaffirming its position as the top-quality airline of the nation and continuously maintained its 4-star services according to international standards. At the emergence of the pandemic, the carrier immediately applied distinct solutions to ensure safety for passengers, such as … [Read more...] about Flexibility necessary for airlines to prosper

Future opportunities Many international organizations point out that the world has few options left, aside from continuing to pump money to support the economy. Even when vaccines prove effective, the low-interest policy of the Central Bank will remain. The loosening of monetary policy has also been raised to a higher level, when the Central Bank of China, South Korea, and Thailand added new weapons such as the Central Bank Digital Currency (CBDC). Accordingly, the loosening of monetary policy will not stop, even when the Central Bank has been digitized. This is consistent with the 4.0 era, as well as with the method to tackle the ongoing pandemic. Even after the pandemic ends, there will be many changes in business thinking as businesses will have more plans, products and services, and allow much more flexibility. So the stock market will be strongly supported by policy as well as transformation of the economy and enterprises. Therefore, the Vietnam stock market with companies … [Read more...] about Need for F0 investors to diversify

Small investors oppose expanding trading lot Ho Chi Minh City Stock Exchange (HOSE)’s proposal to raise the minimum trading lot to 1,000 shares is receiving mixed opinions from market experts and investors. The proposal was initiated by newly-appointed General Director of HOSE Le Hai Tra as a solution to reduce system overloads which have troubled traders recently. A 1,000 minimum trading lot will limit the participation of small investors, while the stock market is moving towards fairness and equality, said a budding investor. “My friends and I, when joining the stock market, only have a few tens to several hundreds of millions of dong, raising the minimum trading lot to 1,000 shares will directly affect our investment capacity,” said individual investor Diep. “With expensive stocks, we may have to spend hundreds of millions of dong to buy the minimum 1,000 shares,” she said. According to Diep, the stock market has never had such a chance for growth. New cash flow into … [Read more...] about VIETNAM BUSINESS NEWS MARCH 8

A new resort project right in the open sea of Dragon Hill complex has been submitted for permission to become an attractive island, with the potential to attract tourists for longer stay and to discover more about the beautiful landscapes of the northern city of Hai Phong. Hai Phong is the largest port city in the north of Vietnam and is also the country’s third largest commercial and economic center. The city is just behind Hanoi on scale and rate of development in the north and is one of the five municipalities, one of the national first-grade centers, alongside the central city of Da Nang and the Mekong Delta city of Can Tho. Hai Phong is also known as the “Land of Port,” or “Port City,” as it has plenty of tourism potentials associated with the sea. The city possesses a long coastline of over 125 kilometers, which is low and quite flat. Especially, Do Son in Hai Phong is always one of the most crowded beaches in the north of Vietnam. Only 22 kilometers to the southeast from … [Read more...] about Dragon Hill: Wake up ‘Forgotten Paradise’