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Project launched to support footwear businesses

The undertaking is mutually run by the Leather and Shoe Research Institute, the University of Northampton in the UK and the Vietnam Leather, Footwear and Handbag Association (LEFASO), and is affirmed by the European Union. It intends to expand the limit of little  and medium-sized endeavors to fulfill the specialized …

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Switzerland helps improve SME capacities

The plan, utilizing non-refundable authority advancement help (ODA) from the Swiss Government, is continuously actualized in Hai Phong, Danang and Can Tho amid the 2013-2016 period. Miroslav Delaporte, Chief Representative of the Swiss State Secretariat for Economic Affairs (SECO) in Vietnam said the system helped enhance the aptitudes and limits …

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Shipping industry to be developed by 2020

According to the plan, the majority of imports and exports are to be transported by sea, embedding Vietnam further into the global shipping network and connecting the country to distant destinations, such as Northern Europe or South America. By 2020, the industry is expected to meet nearly all domestic shipping …

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Garment sector tops nation’s exports

Garment and textile exports jumped 11.1% on-month in July to US$2.1 billion, surpassing the telephone sector as the nation’s leading export industry, reports the Ministry of Industry and Trade (MoIT). According to the Ministry’s latest statistics, garment and textile exports outpaced the telephone sector by US$ 0.5 billion. In the …

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Action plans to realize industrialization strategy adopted

Prime Minister Nguyen Tan Dung has approved four action plans to implement Vietnam’s industrialization strategy within the Vietnam-Japan cooperation framework by 2020 with a vision for 2030. These four plans include developing the electronics industry, developing the agricultural machinery industry, developing the agricultural product processing industry, and developing the environment …

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Inspiring confidence for businesses

The Vietnam Chamber of Commerce and Industry (VCCI)’s recent survey shows business confidence has increased thanks to the State’s commitment to make the business environment more business friendly. The Vietnam economy has bottomed out and is now rebounding and back on track, thanks to remarkable growth in the first half …

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Formosa seeks steel economic zone

The firm’s proposal for investment incentives that go beyond the current package of preferences stipulated by law has elicited a strong reaction from investment promotion officers, steel manufacturers and economists. Le Dang Doanh, a renowned independent economist, commented that the proposal is “unusual” and does not fit the Vietnamese current …

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Building investors stall payment of sinking funds

Executive committees and residents of serviced apartment buildings are desperate to collect sinking (or maintenance) funds from investors, who are stalling on the issue. The 2005 Housing Law states that a customer must pay an amount equal to 2 per cent of the purchased apartment towards maintenance funds. The fund …

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US imposes anti-dumping tax on Vietnam’s steel pipe

The United States has levied duties on stainless steel pressure pipes imported from Malaysia, Thailand and Vietnam after finding the products had been sold at unfairly low prices. Reuters reported that the US Department of Commerce decided to introduce duties as high as 167.1% for some products from Malaysia. The …

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