Most of the country’s largest wood producers locate in Binh Duong and Dong Nai provinces, contributing more than 50 percent to the country’s production and export value of wood products. According to the Department of Industry and Trade of Binh Duong Province, there are around 1,215 wood producers in the province, of which there are 905 local firms with total registered capital of nearly VND10.84 trillion (US$467.38 million) and 310 foreign firms with total registered capital of $2.3 billion. There are above 250,000 laborers working in this field, of which seasonal unskilled workers accounts for around 40-45 percent. Last year, export turnover of wood and forestry products hit $9.3 billion, making up more than 25 percent of total agricultural exports with trade surplus above $7.1 billion, of which, trade surplus of Binh Duong Province was $1.8 billion. In the first quarter of this year, wood processing industry was also the industry with highest trade surplus of the … [Read more...] about Prospects of wood processing industry in Southeast provinces
Oakley industrial m frame
Vietnamese firms attend M-Tech Nagoya in Japan
M-Tech Nagoya 2019 took place from April 17-19 (Source: www.reedexpo.co.jp) Tokyo (VNA) – Twenty-six Vietnamese businesses in the supporting industry joined the fourth Manufacturing World Nagoya (M-Tech Nagoya) trade show, which took place in Nagoya, the capital city of Japan’s Aichi Prefecture from April 17-19. According to Vietnamese Trade Councilor in Japan Ta Duc Minh, this is the first time that Vietnamese businesses had organised their own separate section at the event. The section was jointly arranged by the Vietnam Association for the Supporting Industry (VASI) and the Hanoi Centre for Investment, Trade, and Tourism, with the support of the Vietnam Trade Office in Japan. The Vietnamese firms attending the event mostly operate in metal and electronic accessories production, plastics and rubber, and automation. They have provided products to multinational companies in both Vietnam and foreign markets. Among the firms present were big players in the industry, … [Read more...] about Vietnamese firms attend M-Tech Nagoya in Japan
Vinpearl Becomes A Pioneer Applying Face Recognition Technology In Tourism And Hotel Industry In Vietnam
Vinpearl on April 15th officially became the first resort, hotel and entertainment system in Vietnam to apply facial recognition technology based on artificial intelligence (AI). The technology has been applied to help customers have new experiences such as opening the door automatically, checking in within 3 seconds or paying for services, all with a simple smile. In the first phase, the application of facial recognition has been implemented at Vinpearl Nha Trang and features check-in and check-out options at Vinpearl Land entertainment areas and restaurants. This technology identifies and authenticates customers' identities accurately and quickly through observation devices without other control procedures. The technology at Vinpearl possesses 5 pre-eminent advantages: SPEED - identification within one second, large data processing system with MILLIONS of faces, DYNAMIC security warnings in real time, PRECISION - almost 100 per cent and … [Read more...] about Vinpearl Becomes A Pioneer Applying Face Recognition Technology In Tourism And Hotel Industry In Vietnam
New usages of MOF material in healthcare, industrial manufacturing
Recalling her time in the Center for Innovative Materials and Architectures (INOMAR - formerly Center for Molecular and Nanoarchitecture), Dr. Nguyen Thi Kieu Phuong shared that she was so lucky at that time to receive support for her study in MOF from her seniors, and most importantly Prof. Omar Yaghi from California University of the US (UCLA), which is a partner of the Vietnam National University – Ho Chi Minh City (VNU-HCM). Despite that help, in the period between 2011 – 2015, due to a serious lack of equipment as well as experts in the field of MOF, she met various obstacles and even had to temporarily stopped her research. However, thanks to encouragement from her teachers and colleagues in the center, Dr. Phuong persisted on her work and successfully defended her doctoral thesis in 2018, finding 10 new MOF materials. According to Associate Professor Dr. Phan Bach Thang, Head of INOMAR, thanks to the help of experts from UCLA, Dr. Phuong and partners gained much … [Read more...] about New usages of MOF material in healthcare, industrial manufacturing
Engineering sector development amidst Industry 4.0 discussed
A factory of the Tri Cuong Industrial Co. Ltd at the Nguyen Khe Industrial Cluster in Dong Anh district, Hanoi (Photo: VNA) Hanoi (VNA) – Vietnam’s mechanical engineering industry is lagging far behind the world, meaning the Government and businesses must renovate to keep up with the fast-moving technological revolution, heard a workshop. At the event on ‘Implementing the development strategy for the mechanical engineering industry in the context of the Fourth Industrial Revolution’ held by the Ministry of Industry and Trade in Hanoi on September 5, participants shared experience and reviewed the sector's shortcomings and limitations while proposing solutions to its future development. A report of the Vietnam Association of Mechanical Industry (VAMI) showed that total value of industrial production is estimated at 50 billion USD, with domestic production 16 billion USD. This means the domestic mechanical industry meets only 32.5 percent of national … [Read more...] about Engineering sector development amidst Industry 4.0 discussed
Electricity industry locked in high fund demand
Electricity industry locked in high fund demandBy Ngoc Lan - The Saigon Times DailyHANOI – Attracting investment remains a big challenge for the local electricity industry in the long term as the sector needs up to US$80 billion to develop power supply and the grid during the 2006-2025 period, said the Ministry of Industry and Trade.The ministry presented at a conference in Hanoi on Thursday two scenarios for power development, with the basic Tran Viet Ngai, chairman of the Vietnam Energy Association, told the international conference that “we are short of capital and foreign investment is an unavoidable solution to develop the power sector.” That will be a high hurdle to jump, given the current tempo of attracting investment into the sector, according to Ngai.Ngai calculated that the electricity sector would require US$4 billion each year during the nearly 20 years. This is extremely difficult for the industry to compete for such a high amount of investment, when … [Read more...] about Electricity industry locked in high fund demand
Household appliance industry worth 13 billion USD
The household appliance industry in Vietnam has great potential, but fierce competition is expected to occur among producers, distributors and retailers (Photo: vietnamnet.vn) HCM City (VNA) - The household appliance industry in Vietnam has great potential, but fierce competition is expected to occur among producers, distributors and retailers. According to the Ministry of Industry and Trade, spending for household appliances is estimated to take 9 percent of total private spending. The industry ranks fourth of 11 major commodities, with yearly turnover of 12.5 – 13 billion USD and annual growth of 10 percent. The ministry expects that a big proportion of young people will lead to a strong rise in purchase of household appliances. The spending from consumers aged 18 – 45 represents 57 – 60 percent of total market, the ministry said. At the same time, per capita income is over 2,000 USD per year, and demand for quality and models has also increased. … [Read more...] about Household appliance industry worth 13 billion USD
Household appliance industry worth US$13 billion
According to the Ministry of Industry and Trade, spending for household appliances is estimated to take 9% of total private spending.The industry ranks fourth of 11 major commodities, with yearly turnover of US$12.5 – 13 billion and annual growth of 10%.The ministry expects that a big proportion of young people will lead to a strong rise in purchase of household appliances.The spending from consumers aged 18 – 45 represents 57 – 60% of total market, the ministry said.At the same time, per capita income is over US$2,000 per year, and demand for quality and models has also increased.Furthermore, more people are buying made-in-Vietnam goods.Local brand names like Happy Cook, Sunhouse, Son Ha, Tan A and Dien Quang represent 85 – 95% of market share in their categories thanks to good quality, affordable prices and wide-range distribution systems.At the same time, rural markets have moved from hand-made and simple household appliances to popular Vietnamese brand … [Read more...] about Household appliance industry worth US$13 billion
Household appliance industry worth $13b
The household appliance industry in Viet Nam has great potential, but fierce competition is expected to occur among producers, distributors and retailers.— Photo vietnamnet.vn The household appliance industry in Viet Nam has great potential, but fierce competition is expected to occur among producers, distributors and retailers. According to the Ministry of Industry and Trade, spending for household appliances is estimated to take 9 per cent of total private spending. The industry ranks fourth of 11 major commodities, with yearly turnover of US$12.5 – 13 billion and annual growth of 10 per cent. The ministry expects that a big proportion of young people will lead to a strong rise in purchase of household appliances. The spending from consumers aged 18 – 45 represents 57 – 60 per cent of total market, the ministry said. At the same time, per capita income is over $2,000 per year, and demand for quality and models has also increased. Furthermore, more people are … [Read more...] about Household appliance industry worth $13b
Hanoi issues policies and mechanisms for supporting industries in 2018
The Hanoitimes - To promote the the role of the Hanoi Capital in giving orientation, creating favorable conditions for supporting industry enterprises in both quality and competitiveness in the integration process, the Plan No. 03/KH-UBND pointed out such targets. The Plan was issued on January 3 by the Hanoi People’s Committee on implementing the Program on supporting industry development of Hanoi in 2018. The Plan aims to further attract investment and improve the capacity of supporting industrial production via various activities of the program on supporting industry development; contribute to establishing the network of satellite businesses to boost the cooperation and production connection of Hanoi’s supporting industry enterprises with assembly enterprises, multinational corporations, foreign direct investment enterprises in the capital city, the North and the whole country. Accordingly, departments, sectors, units will perform following … [Read more...] about Hanoi issues policies and mechanisms for supporting industries in 2018