INDUSTRY

(VEN) - The industry and trade sector needs to work with other industries to facilitate the development of craft villages. Craft villages are a major beneficiary of industry promotion programs. From 2014 to 2018, the Vietnam Association of Crafts Villages (VICRAFTS) coordinated with other organizations to sponsor seminars on fine art and handicraft development (including product design and packaging consultancy) and improvement of the craft village environment and management in the northern provinces of Hai Duong, Thai Nguyen, and Nam Dinh. The association implemented projects to train craftspeople and artisans in bamboo and rattan ware production villages, with training courses in Hanoi - the capital - and Nam Dinh Province helping 200 people improve their knowledge and skills and create higher quality and value products. VICRAFTS Chairman Luu Duy Dan said Vietnam has about 5,000 craft villages, and the association provides appropriate assistance for specific ones. After five years … [Read more...] about Craft villages could use more industry promotion programs

(VEN) - International integration and the Fourth Industrial Revolution (Industry 4.0) are expected to create great opportunities for Vietnam’s plastics industry to achieve a higher growth rate. However, the industry is encountering difficulties, especially related to raw materials. According to the Vietnam Plastics Association (VPA), free trade agreements (FTAs) that Vietnam signed are providing many opportunities for domestic enterprises to export plastic products. Partners are gradually shifting their orders from China to Vietnam to take advantage of reasonable production costs and tax incentives. The demand for imported plastic products in the EU and Japan is high, while consumers in these markets increasingly prefer Vietnamese plastics to products of the same kind from other countries. At a recent seminar themed “Plastic, printing and packaging industries - great opportunities of Industry 4.0”, economist Nguyen Minh Phong said the plastic industry has grown 15-20 … [Read more...] about Plastics industry seeks lower dependence on material imports

Visitors at the Denimsandjeans 2019 - Photo:congthuong With the theme being “My earth my denim”, the expo features the participation of more than 40 exhibiting companies from all around the world. According to Sandeep Agarwal, representative of the organising board, the event is considered as an effort to ensure and protect the environment in the industry supply chain. This year's exhibition selected a theme focused on sustainable development, he added. Exhibitors will bring the latest machines, equipment, technology and products which have achieved sustainable development criteria. In addition, the exhibition is expected to open up opportunities to connect supply chains in regards to denim in the Vietnam market and affirm the position of denim fabrics within the export industry. Principally, the exhibition is one of the annual activities that contribute to promoting Vietnam's textile and garment industry to improve energy using and pollutant discharge; as well as … [Read more...] about International expo on fabric and garments kicks off

A key role The index of industrial production increased by 9.2 percent in the first four months of 2019. The figure was lower than the 10.7 percent growth in the same period last year, but higher than increases of 7.4 percent and 6.6 percent in the commensurate periods in 2016 and 2017, respectively. Of which, the manufacturing and processing industry expanded by 10.9 percent year-on-year. High growth industrial products from January to April included petrol and oil with 70.3 percent, steel and crude iron with 67.1 percent, television sets with 42.6 percent, liquefied gas with 29.8 percent, textile fabric from polyester or artificial yarn with 19.5 percent, automobiles with 18.3 percent, pure coal with 12.8 percent, beer with 12.2 percent, and urea fertilizer with 12.1 percent. Some products saw low growth or decrease in the reviewed period, such as steel bars and corners (up 3.1 percent), natural gas (down 0.4 percent), motorbikes (down 3.1 percent), and NPK fertilizer (down 5 … [Read more...] about Manufacturing and processing: The economy’s main growth driver

Urgent requirement Pham Thanh Hai, director of the Hai Duong Department of Industry and Trade, said local industrial production has expanded. Some key industries such as engineering, electronics, informatics, garment and textile, footwear, and automobile still focus on outsourcing and assembly. Raw materials and components for production are mainly imported, while finished products have low added value and weak competitiveness. Therefore, promoting the development of support industries is an urgent requirement, with an important influence on the process of industrialization, modernization, and international economic integration of Hai Duong Province. Hai said the province has advantages in investment attraction in industrial production thanks to its favorable location 60km east of Hanoi and in the center of the northern key economic region. It is also a part of the northern key economic triangle connected to other regions with major traffic routes like National Highways 5 and 18. In … [Read more...] about Hai Duong Province focuses on support industry development