The HCMC Department of Industry and Trade will team up with partners to organize two trade promotion programs in October and November to introduce products in the Thai and Australian markets.
Compared with Thailand, Vietnamese supporting industries are still in a nascent stage. The localization ratio of the Thai automotive industry is roughly 60-70% compared with 7-10% in Vietnam, stated Vu Trong Tai, general manager of Reed Tradex Vietnam.
Viet Nam needs stronger human resources to serve the growing integrated circuit (IC) industry to create greater investment opportunities.
Significant potential for growth in trade in the engineering sector exists between India and Viet Nam, a top Indian official has said.
The textile-garment sector may fail to reach its export target this year, as export revenues from apparel products to date have totaled US$29.24 billion, or 74% of the full-year target. Meanwhile, many textile-garment firms have yet to secure enough orders for this year.
Vietnam’s leading steel maker – Hoa Phat Group – and Kyoei Steel Group of Japan shared the wish for long-term cooperation in steel billet and scrap steel supply.
The complex, expected to cost more than VND2.5 trillion (US$107.3 million), will p nearly 50ha at the Chan May-Lang Co Economic Zone in Phu Loc District. It will manufacture and assemble cars meeting Euro 4 or higher emissions standards, online newspaper baodautu.vn reported.
Participation in new generation FTAs opens new cooperation opportunities for businesses in Viet Nam’s agricultural sector, but challenges remain.
Viet Nam is one of the world’s largest garment producers, but experts have called on enterprises to brush up their green credentials for the domestic market.
Panasonic Life Solutions Vietnam, a member of Panasonic Vietnam Group, has organised the ground-breaking ceremony for the new factory in Binh Duong province.