The Hanoitimes - In the next 10 years, Vietnam will position itself as a major supply for global retailers in the Southeast Asian region. The export of Vietnamese goods and products via distribution networks of global retailers remains an efficient and sustainable channel. Deputy Minister of Industry and Trade Do Thang Hai. Deputy Minister of Industry and Trade Do Thang Hai shared his view at a conference on 5-year review [2016-20] of the implementation of program to promote Vietnamese enterprises’ participation in the global supply chain on December 17. The conference was held in a virtual platform with the participation of major retailers in Vietnam, including Aeon, Walmart, Central Retail, Lotte, or Mega Market, among others. “Thanks to their support, Vietnamese high quality goods and products, ranging from agricultural products to household appliances, furniture, and garment, have reached millions of customers worldwide,” Mr. Hai noted. “The … [Read more...] about Vietnam eyes global retailers as key export channel
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Vietnamese Texans suffer with no power or water
On Thursday, Trinh Nguyen, 31, woke up to another day without power and water in Houston, Texas. In close to subzero temperatures, the Vietnamese woman and her four-member family used a fireplace to keep themselves warm. "We did not stock up on firewood, so we have to use it sparingly," she said, thanking the stars that the weather was getting warmer and they’d had the fireplace as a "winter savior." It was the third day that Nguyen’s family had no water, and the second day without pour. Sharing the family’s plight in varying degrees, from slightly better to much worse, are many of their Vietnamese brethren in the south-central state, which was hit by winter storms that swept across the south and east of the country over the last few days, making pipes freeze and burst. Worse still, the state’s power grid has stopped working. A woman carries bottled water she received from a warming center and shelter in Galveston, Texas on February 17, 2021. Most residents are … [Read more...] about Vietnamese Texans suffer with no power or water
VinSmart smartphones go on sale in the US
In stores, Maestro Plus, Motivate, and Fusion Z are sold at prices ranging from US$39 to US$89. Currently, AT&T is selling and distributing the three models at its stores and subsidiary Cricket, along with other major partners, including supermarket chain Walmart. Nikkei and Bloomberg published articles last October revealing that VinSmart had received a contract order from AT&T for two million smartphones. The company has a plant at the Hoa Lac Hi-Tech Park in Hanoi which is capable of manufacturing 125 million phones, Internet-of-Things (IoT) devices, and other smart devices annually. Its products are currently being sold in Russia, Myanmar, and Spain. VinSmart is a member of Vingroup Joint Stock Company of Vietnam - one of the biggest wholly-owned conglomerates in Asia. It initially launched its first products at the end of 2018, and is currently focusing on the low-end segment of the market domestically, with all phones priced below VND5 million, equivalent to … [Read more...] about VinSmart smartphones go on sale in the US
Three VinSmart phone models make US debut
Carrier AT&T distributes the phones under the names Fusion Z, Motivate and Maestro Plus through its own stores and some retail chains like Walmart. The model codes match those of three VinSmart models licensed by the U.S. Federal Communications Commission (FCC) to be sold in the U.S. Their prices range from $39 to $89, including promotions and a two-year warranty. All three 4G models have six-inch screens and operate on the Android 10 operating system. Nikkei and Bloomberg had reported lat October that VinSmart was partnering with AT&T to produce smartphones, with around two million units in the first batch. VinSmart declined to comment on the reports. The three phones are part of 10 smartphones models approved by the FCC, including Vsmart Aris, the latest mid-range model produced by VinSmart and is being sold in Vietnam. VinSmart’s factory, located in Hoa Lac Hi-Tech Park in Hanoi, is capable of producing 125 million smart phone units annually. … [Read more...] about Three VinSmart phone models make US debut
Philippines garment exports projected to hit 2 billion USD this year
Hanoi (VNA) - The Philippines’ exports of garments and hard goods could reach 2 billion USD in 2021 as local garment factories expect to receive up to 500 million USD worth of new orders from global fashion brands. President of the Foreign Buyers Association of the Philippines (FOBAP) Robert Young said the group has been getting export orders and inquiries for garments and apparel from foreign buyers, including Zeeman Europe, Walmart and TJ Maxx in the US, as well as Hudson’s in Canada. Young estimates that the additional orders may create about 10,000 to 20,000 jobs in factories located in Metro Manila and Cebu. To support export activities, he called on the government to ease the community quarantine level. He also said that factories should have access to loans to allow them to open and operate./. VNA … [Read more...] about Philippines garment exports projected to hit 2 billion USD this year