62 dong nai

-What do you think about local garment firms’ inability to dominate the domestic market of 100 million people here in Vietnam? - Vietnamese textile and garment enterprises are still [only beginning to] tap the domestic market. Last year, the domestic market increased by 40% against 2021. Local enterprises performed very well in the first half of last year and began to face difficulties in the third quarter. In the fourth quarter, many good Vietnamese brands like Viet Tien saw sales decrease. In late 2022, the Vinatex Fashion Center retail outlet in Hanoi made revenues of only VND500-600 million ($21,200-25,400) a day, compared with daily revenues of over VND1 billion in previous years. Over the past two years, many domestic fashion brands have reduced their number of stores and limited new openings. They have had to focus on certain locations to reduce costs, optimize operations and try to offer products that are most suitable to consumers’ incomes.In fact, domestic … [Read more...] about Garment firms should tap niche markets: Vinatex chairman

Vietnamese lychees are sold at an AEON supermarket in Japan which is a major trade partner of Vietnam in Asia. (Photo: VNA) Hanoi (VNA) – Vietnam’s merchandise trade with Asia reached 475.29 billion USD in 2022, increasing by 9.6% compared to 2021 and accounting for the highest proportion (65.1%) in the country's total import-export value. Accordingly, Vietnam’s exports to other Asian countries reached 177.26 billion USD in 2022, up 9.5% year-on-year. The country’s imports from other Asian nations hit 298.03 billion USD, up 9.6%. Vietnam saw a trade deficit with only Asia among the five continents. Major trade partners of Vietnam in Asia include China, the Republic of Korea, Japan, and the Association of Southeast Asian Nations (ASEAN). According to preliminary statistics of the General Department of Customs, Vietnam's total import-export value of goods reached 730.2 billion USD last year, up 9.1% compared to 2021. The value of imports and exports between … [Read more...] about Vietnam-Asia trade reaches nearly 475.3 billion USD in 2022

The rendering of Lai Xuan Bridge. (Photo: nhandan.vn) Hai Phong (VNA) - The northern port city of Hai Phong commenced construction on Lai Xuan Bridge, connecting it with Quang Ninh province across Da Bach River, with a ceremony on February 2. The 1.33 trillion VND (56.9 million USD) project also includes the upgrade and expansion of a 14km-long provincial road linking Hai Phong’s Thuy Nguyen district and Quang Ninh’s Dong Trieu town. The project is part of a cooperation programme on comprehensive development that the two localities signed in 2009. Lai Xuan Bridge will be 840m long and 12m wide while provincial road 352 will have its width expanded to 12m to match the bridge. According to Hai Phong officials, Lai Xuan Bridge and the upgraded road will enhance transport connectivity between Hai Phong and Quang Ninh and promote local socio-economic development. The project is scheduled for completion in 2024./. VNA … [Read more...] about Work begins on bridge linking Hai Phong and Quang Ninh

Ninh Binh Province in northern Vietnam ranked seventh on a list of the 10 most welcoming destinations in the world published recently by Dutch-based online travel agency Booking.com. The ranking was based on an analysis of more than 240 million verified customer reviews on the website. Around 90 kilometers south of Hanoi, Ninh Binh Province is famous for a high density of natural and cultural attractions, including Cuc Phuong National Park, Van Long wetland nature reserve, grotto caves and rivers in Trang An, Tam Coc-Bich Dong and Mua Caves, historic monuments in the Hoa Lu ancient capital, Bai Dinh Temple -- Vietnam’s largest buddhist worshiping complex -- and the Phat Diem Cathedral. The northern Vietnamese province started shining on the global stage after the Hollywood movie ‘Kong: Skull Island’ was filmed there in 2016. It welcomed nearly 330,000 visitors, including over 29,500 foreigners, during the recent seven-day Lunar New Year holiday. La Rioja in Spain topped … [Read more...] about Vietnam’s Ninh Binh world’s 7th most welcoming destination: Booking.com

Authorities in Hai Phong City, northern Vietnam began construction of a bridge to create the fourth linkage of its kind with neighboring Quang Ninh Province on Thursday. Investment in the project, which includes building the Lai Xuan Bridge across the Da Bach River and expanding Provincial Road 352 to connect Hai Phong’s Thuy Nguyen District with Dong Trieu Town in Quang Ninh, totals nearly VND1.33 trillion (US$56.93 million). Of the total, nearly VND550 billion ($23.45 million) is dedicated to the construction of the Lai Xuan Bridge, which will be 840 meters long and 12 meters wide upon completion. The remaining capital is for the renovation and expansion of the 14km-long Provincial Road 352. Delegates press symbolic buttons to start a project to build the Lai Xuan Bridge and renovate a provincial road to directly connect Hai Phong City and Quang Ninh Province in northern Vietnam, February 2, 2023. Photo: Tien Thang / Tuoi Tre The project is being funded by … [Read more...] about Work starts on $23.5mn bridge linking Hai Phong to Quang Ninh in northern Vietnam