Textile sector

The global trade dispute has facilitated more manufacturing into Vietnam, but that trend originated much earlier Each industrial location has its own strengths. Generally, you will find the best industrial park developers in provinces with superior master planning and more successful foreign direct investment attraction policies. Identifying suitable locations for industrial property is dependent on the client’s requirements, business model, the types of property available or needed, and the location itself. Paul Tonkes, director of Industrial & Logistics Services at Cushman & Wakefield Vietnam Vietnam has three key economic zones with high levels of manufacturing, with the following two contributing close to 80 per cent of Vietnam’s GDP: ● Southern economic region: Ho Chi Minh City, Binh Duong, Dong Nai, Long An, Binh Phuoc, Tay Ninh, Ba Ria-Vung Tau, and Tien Giang. ● Northern economic region: Haiphong, Hanoi, Quang Ninh, Hai Duong, Hung … [Read more...] about Identifying apt locations for industrial property

At the opening ceremony, Mr. Nguyen Thanh Phong, chairman of HCMC People’s Committee, said that industrial processing and manufacturing industry is considered as key economic industry of the city. The city has implemented several solutions to support and create favorable conditions for enterprises in this field to develop. Of which, investment stimulation program is for supporting industry sector only, hereby helping enterprises to invest in upgrading machinery and equipment and improving competitiveness. However, he also said that, in order to participate deeply and sustainably into global supply chain, domestic enterprises need to improve productivity, upgrade technology towards environmental protection. The city will increase activities to promote and connect supporting industry enterprises in the city with end-to-end and foreign direct investment enterprises to create conditions and opportunities for the city’s supporting industry to develop. So far, the city has … [Read more...] about HCMC supporting industry seeks market, cooperation

Buoyed by increasing interest in taking up loans for purchases among the Vietnamese population, recent years saw an impressive growth of personal finance companies in Vietnam, with FE Credit, Viet Credit, SHB Finance, and Easy Credit, among others, joining the market. The market is expected to thrive with some newcomers backed by giant Oriented Commercial Joint Stock Bank (OCB) and Asian Commercial Bank (ACB). It is interesting that many of the current businesses are an extension of the retail banking business of some banks. Their business network, IT, and risk control system, as well as strong capital foundations, bear the marks of commercial banks. For example, FE Credit, a consumer lending company of VPBank and one of the largest players in the industry, announced that its revenue made up 30 per cent of VND9.2 trillion ($400 million) of VPBank’s overall pre-tax profit. With its return on assets (ROA) and return on equity (ROE) of 2.5 and 22.9 per cent, respectively, the firm … [Read more...] about More firms competing for shares in Vietnamese consumer lending market

Tran Quang Hung, a former deputy head and general secretary of the Vietnam Water Supply and Sewerage Association, told VnExpress: "In Hanoi, the protection of water sources is uncoordinated. Unlike many other cities, Hanoi's system of water distribution is too fragmented, with many companies handling the task [independently]. So when something happens, one company's supply network cannot support another company's." Hung said the southern metropolis Ho Chi Minh City supplies water through the Saigon Water Company (Sawaco). This company uses its own water sources and also buys water from other water supply firms to distribute it to the entire city, which is beneficial to both the public and other water companies. "When the private sector gets to supply water, it only cares about profit and does not innovate technologies or protect water sources," Hung said. The recent oil contamination of Hanoi's water supply was, for instance, due to low-quality pipes and poor management, he pointed … [Read more...] about Fragmented Hanoi water supply system cannot respond to crises, former official says

Hanoi (VNA) – National flag carrier Vietnam Airlines has been honoured with three prestigious awards from the World Travel Awards (WTA) Asia 2019. Vietnam Airlines representative receive the awards. (Photo: VietnamPlus) Asia’s Leading Airline – Economy Class, Asia’s Leading Airline – Premium Economy Class, and Asia’s Leading Airline Brand. The World Travel Awards were established in 1993 to acknowledge, reward and celebrate excellence across all key sectors of the travel, tourism and hospitality industries. Today, the WTA brand is recognised globally as the ultimate hallmark of quality, with winners setting the benchmark to which all others aspire. Each year, the World Travel Awards covers the globe with its Grand Tour – a series of regional gala ceremonies to recognise excellence within each continent – culminating in a Grand Final at the end of the year. Passengers flying Economy Class continue to enjoy additional benefits from … [Read more...] about Vietnam Airlines wins big at World Travel Awards Asia 2019