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Ho Cong Ky, Chairman of PV Power, believed that Citibank and INGbank would be trusted partners thanks to their wide range of international expertise in funding power projects. The two banks would raise appropriate financial options for Nhon Trach 3 and Nhon Trach 4 thermal power plants. … [Read more...] about PV Power to invest and build Nhon Trach 3 and Nhon Trach 4 thermal power plants

Viet Nam National Textile and Garment Group (Vinatex) forecasted that the country's textile and garment exports in the last six months of the year would continue to decrease by 14-18 per cent over the same period last year. … [Read more...] about Textile and apparel firms lack orders for the last two quarters

Hanoi (VNA) - Deputy Minister of Industry and Trade Do Thang Hai on August 4 held a virtual meeting with Rodrigo Yáñez Benitez, Under-Secretary for International Economic Relations at the Chilean Ministry of Foreign Affairs, to boost economic and trade cooperation between the two countries. The meeting aimed at promoting bilateral collaboration amid COVID-19, taking full advantage of the Vietnam-Chile Free Trade Agreement and the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP). Both sides expressed their delight at growth in bilateral trade in 2019, as Chile became Vietnam’s fourth-largest partner in Latin America with revenue of 1.23 billion USD, up 12.95 percent year-on-year. Notably, two-way trade then reached nearly 568 million USD in the first half of 2020 despite the serious impact of COVID-19, down just 1.04 percent year-on-year. The two officials proposed intensifying supply chains as well as the production and export of face … [Read more...] about Vietnam, Chile seek to foster economic, trade cooperation

Regarding exports, the pandemic did not affect all commodities equally. For example, the region exported 3.09 million tonnes of rice for US$1.5 billion in the first five months of the year, an increase of 12 percent in volume and 26.6 percent in value. In addition, medical equipment and supplies also recorded export growth. … [Read more...] about New top-level coordinating body to provide boost for Mekong Delta provinces

“For the textile sector, the value of apparel exports decreased by 2.3 billion USD in the first half of 2020. Meanwhile, the electronics sector achieved higher export value. In the global industrial manufacturing market, the growth of the textile industry decreased by 7 percent compared to the same period last year, while the electronics sector increased by nearly 3 percent.” … [Read more...] about VN textile, electronics hardest hit in pandemic: official