4th industrial

Prime Minister Pham Minh Chinh asked the ministries to quickly resolve the relevant issues to keep the ring road project moving forward as planned. Hanoi and the two provinces of Bac Ninh and Hung Yen have made big progress in land clearance for the construction of the Ring Road 4, Prime Minister Pham Minh Chinh said on January 27. Prime Minister talks to local people that live in the area of the Ring Road 4 on January 27. Photo: Vietnam News Agency At the moment, Hanoi municipal  authorities have developed a land clearance plan for the whole 58.2-kilometer stretch of the ring road that runs through Hanoi. The capital has relocated almost two fifths of all the graves found along the ring road. Hung Yen Province has cleared land in Van Giang, Khoai Chau, Yen My and Van Lam districts and moved almost 16% of all graves along the ring road. Meanwhile, Bac Ninh Province does not have a plan to relocate graves and cemeteries in the project area, but Bac Ninh … [Read more...] about Prime Minister praises Ring Road 4 project’s land clearance

According to the Ministry of Industry and Trade (MoIT), the scale of the Vietnamese retail market is USD 142 billion, which is expected to reach USD 350 billion in 2025, with contribution of 59% to total GDP. Last year, the total revenue from retail sales of goods and services rose 21%, exceeding the target of 8%. A survey by Vietnam Report showed that over 53.8% of total retail firms enjoyed similar and higher business results compared to the pre-pandemic level. Experts held that growth of retail sales is being supported by rise in income and the strong recovery of the tourism sector as well as relevant sectors such as transport and accommodations, as well as the effectiveness of inflation control measures. Particularly, from now to the lunar New Year (Tet) Festival, which falls in late January, consumers are predicted to loosen their wallet dramatically. At the same time, there are signs of vibrant retail activities as many foreign investors have announced their plans to … [Read more...] about Retail market forecast to bustle this year

The Vietnamese booths, featuring interior and exterior wooden and home décor products, handicrafts, hotel furniture, and lighting equipment, attracted many U.K. wholesalers and retailers, as well as visitors. Vietnamese Trade Counselor in the U.K. Nguyen Canh Cuong said the exhibition has offered a good opportunity for Vietnamese firms to introduce high quality products and meet potential importers and distributors. As the third largest furniture producer and exporter in the world, and the largest in Southeast Asia, Vietnam boasts products meeting requirements of the U.K. market, he said, stressing that Vietnam needs to actively attend fairs like JFS in order to seek and set up partnerships with British businesses. Zoe Bonser, Retail Manager of NEC, said that with more than 15,000 visitors, JFS gives a great chance to businesses, and those from Vietnam in particular, to gain easier access to the U.K. market. In 2022, Vietnam earned 239.66 million USD from exporting wood and … [Read more...] about Vietnamese furniture products introduced at U.K. exhibition