Us shipbuilding industry

The German Industry and Commerce Vietnam and PrintPromotion on December 5 held a conference on print 4.0 and packaging in Hanoi, attracting German and Vietnamese leading players in the industry who are planning to venture further here. The firms included Messe Düsseldorf Asia – the organiser of leading medical fairs – Koenig & Bauer AG, Müller Martini AG, KURZ, Windmöller & Hölscher Asia-Pacific Co., Ltd., IST Metz GmbH, among many others. At the event, German manufacturers of machines and systems for the printing and paper converting industry presented their innovations, technologies, and new applications. According to Corvet Holding AG, the representative office of many international printing and packaging brands, including those from Germany such as Koenig & Bauer AG, and Perfecta in Vietnam, the demand for packaging printers is growing significantly in Vietnam, driven by an increase in the number of small-sized families, fast-food, and … [Read more...] about German printers eye Industry 4.0 opportunities in Vietnam

At a wood processing plant. Foreign investment in the wood processing industry in Viet Nam has increased significantly in recent years. — VNA/VNS Photo Foreign direct investment in the wood processing industry has increased rapidly, especially since 2018, the Viet Nam Timber and Forest Product Association has said. In the first nine months of the year foreign investors had registered to invest the same amount as in the whole of 2018, it quoted the Ministry of Planning and Investment's Foreign Investment Agency as saying. A report on foreign direct investment in the wood processing industry by To Xuan Phuc of Forest Trends, Cao Thi Cam of VIFORES, and Tran Le Huy of Forest Product Association of Binh Dinh showed that FDI projects have been and would continue to be an integral part of the wood processing industry. “Last year 529 foreign enterprises were directly involved in exports worth nearly US$3.96 billion, or 46.7 per cent of the industry’s exports. “In the … [Read more...] about Foreign investment increases in wood processing industry

A new survey by HCMC-based market research firm Decision Lab finds that female consumers can make or break the food and beverage industry of Vietnam. Average visits per capita by female consumers to the out of home food and beverage market has increased by 5 percent during last year, from 121 between the fourth quarter of 2016 and the third quarter last year to 128 between the fourth quarter last year and the third quarter this year. Women have also increased spending on almost all major food channels in Vietnam, namely full service restaurants (FSR), or sit down eateries where food is served directly to the customers' table, and quick service restaurants (QSR), where table service is minimal and the typical fare is fast food, street food, convenience stores, canteens and bars. As a result, women’s contribution to the out of home market revenue has increased by a whopping 10 percent. Among the women themselves, the 15-34 year-old segment accounts for 82 percent of the visits in … [Read more...] about Women can make or break Vietnam’s F&B industry

Vietnam’s steel industry is facing 47 anti-dumping and anti-subsidy investigations from importing countries, accounting for one-third of the total cases of Vietnamese goods, according to a report from the VN Trade Defence Department. Steel is subjected to the highest number of trade defence investigations in the world because it is produced by many countries and is considered a product related to national security. — Photo diendandatdai.com According to Pham Chau Giang, deputy director of the department, steel is subjected to the highest number of trade defence investigations in the world because it is produced by many countries and is considered a product related to national security. “After the US, other countries such as Canada, Turkey and EU have also launched investigations to apply safeguard measures to the entire steel industry. That is not to mention the fact that other countries have increased the number of anti-dumping and anti-subsidy investigations of … [Read more...] about Vietnam’s steel industry facing nearly 50 anti-dumping and –subsidy investigations

In 2018, the textile-garment sector posted year-on-year exports growth of more than 16 percent to surpass USD 36 billion, making Vietnam the world’s third biggest exporter of these products, after China and India. Insiders have recommended Vietnam pay attention to developing weaving and other production activities supporting the textile-garment sector. (Photo for illustration) Based on these figures, the Vietnam Textile and Apparel Association (VITAS) believes the export target of USD 40 billion for 2019 is achievable, thanks in part to FTAs, including the one with the EU – the second biggest market for Vietnamese textile and garment products. VITAS Chairman Vu Duc Giang said the EVFTA, signed in Hanoi on June 30, promises apparel export potential of more than USD 100 billion annually. Textiles and garments shipped to the EU are currently subject to export tariffs of 9.6 percent, but when the EVFTA takes effect, the rate will be gradually … [Read more...] about Apparel sector urged to develop supporting industry to optimize EVFTA