Vietnamese textile manufacturers are seeing orders decline with buyers moving to others, cheaper developing countries.
Normally, by the end of a year they would have enough orders for the whole of the following year, Nguyen Van Thoi, chairman of TNG Investment and Trading JSC, which makes garments, said.
But this year many businesses have said they do not have enough orders for 2020, with some reporting a 20 percent drop in orders from last year. Besides, many have not signed long-term contracts for products, only monthly or quarterly, he said.
Vietnam is one of six countries most affected by climate change between 1999 and 2018, according to survey results released this week.
The Global Climate Risk Index, published by the German environmental think tank Germanwatch, ranked Vietnam sixth among countries hit hardest by extreme weather events in that period, with its Climate Risk Index (CRI) at 29.83.
The Hanoitimes– Vietnam’s trade turnover reached US$473.73 billion in the January – November period, of which its exports amounted to US241.42 billion, up 7.8% year-on-year, and imports totaled US$232.31 billion, up 7.4%.
Vietnam reported an estimated trade surplus of US$100 million in November, resulting in a trade surplus of US$9.1 billion in the first eleven months of this year, the General Statistics Office (GSO) has said in a monthly report.
Thanks to the World Bank’s flawed and corrupt investment arbitration process, the rich are making a fortune at the expense of poor countries. The latest shakedown is a $5.9 billion award against Pakistan’s government in favor of two global mining companies for an illegal project that was never approved or carried out.
NEW YORK – Wall Street hedge funds and lawyers have turned an arcane procedure of international treaties into a money machine, at the cost of the world’s poorest people. The latest shakedown is a $5.9 billion award against Pakistan’s government in favor of two global mining companies – Antofagasta PLC of Chile and Barrick Gold Corporation of Canada – for a project that was never approved by Pakistan and never carried out.
Vietnam already supports five operating commercial airlines and a sixth is on the way. That’s because so many of the country’s newly minted middle class is literally going places.
Vietnam’s civil aviation authority estimates air passenger traffic will reach 131 million by 2020 following average growth of 16% last year and this year. By 2030, the authority expects 280 million civilian air trips per year.
CÀ MAU — Cà Mau Province authorities has asked the Government for more than VNĐ622 billion (US$27 million) to finance 12 projects for relocating people from areas eroded by the sea and rivers.
At a meeting with Deputy Prime Minister Trương Hoà Bình on Tuesday, they also sought VNĐ648 billion in emergency assistance to strengthen and upgrade the 23.5km sea dyke section between the Đốc River and Cái Đôi Vàm Town.
Nguyễn Đức Thành, director of the Institute for Economic and Policy Research (VEPR) talks to Việt Nam News about the role of the private sector in the local economy and how it can develop.
How do you see the private sector developing?
In Việt Nam, there are three main types of enterprises: private enterprises, State-owned enterprises (SOEs) and enterprises with foreign direct investment (FDI). Private enterprises, especially the small and medium sized enterprises (SMEs) have fewer opportunities to receive incentives in tax, land and other factors.
The Hanoitimes – The total investment capital of the project is estimated at VND100 trillion (US$4.3 billion).
The Chinese government has provided non-refundable aid for Vietnam worth over VND32 billion (US$1.37 million) to conduct a survey and a master plan for the Lao Cai – Hai Phong – Hanoi railway project connecting with China, according to the Ministry of Transport (MoT).
The financial support was a result of high level talks between the two countries in 2015, stated the MoT in a statement.
The Hanoitimes – The neighboring country remained Vietnam’s leading supplier of steel over the last three years, with the quantity and value growing at two-digit growth rates annually.
Despite tighter trade protection measures against trade fraud activities, Vietnam imported 12.24 million tons of steel worth over US$8.1 billion in the first ten months of 2019, up 7% year-on-year in quantity and down 3.1% in value, in which China continues to be Vietnam’s largest steel exporter representing around 37% of Vietnam’s total steel imports, according to the General Department of Vietnam Customs (GDVC).
HCM CITY— While there is much more data than ever before and digital technologies are growing very fast, there is a huge shortage of human resources, experts have told an ongoing conference at the Hoa Sen University in HCM City.
Speaking to Việt Nam News on the sidelines of the three-day conference starting on Thursday, Trương Vĩnh Trường Duy, assistant project manager, research and development, at Aisin Seiki Co.Ltd in Japan, said there was a shortage of people who could analyse data while the volume of data is enormous.
Đừng lợi dụng tôn giáo làm điều trái đời, ngược đạo
QĐND – Những năm qua, với sự quan tâm của Đảng, Nhà nước, các tôn giáo ở Việt Nam đã phát triển mạnh mẽ, đóng góp to lớn vào công cuộc xây dựng và phát triển đất nước. Tuy nhiên, bên cạnh những chức sắc, tín đồ chân chính tu hành đúng giáo lý, giáo luật; còn có một số người lợi dụng tôn giáo để thực hiện những hành vi đi ngược với giáo lý của tôn giáo và đạo lý của dân tộc Việt Nam, trái với quy định của pháp luật. Hành vi của số người này đã làm mất thanh danh của tôn giáo, gây bức xúc trong xã hội.
Lễ Giỗ Tổ Hùng Vương là nét đẹp văn hóa đặc sắc của dân tộc. Ảnh: qdnd.vn
Vietnam is struggling to curb fraud in exports destined for America, custom officials said Thursday, as manufacturers seek to dodge punishing tariffs due to the US-China trade spat by illegally using “Made in Vietnam” labels.
Exporters have started shifting production from China to Vietnam to avoid steep tariffs imposed by US President Donald Trump on hundreds of billions of dollars worth of Chinese goods.