Billion dollar brain

Hanoi (VNA) – Vietnam’s garment-textile sector sets a target of 39 billion USD in export revenue this year, equal to that of 2019, according to the Vietnam National Textile and Garment Group (Vinatex). Last year, due to impacts of the COVID-19 pandemic, the US-China trade tensions, the trade protectionism and the Brexit, Vietnam’s garment-textile exports reached only 35 billion USD. However, the result is still remarkable given the global demand dropping over 22 percent. In 2020, Vietnam was the only among the world’s top five garment-textile exporters not to have to cease production. Vinatex recorded total revenue of 15.5 trillion VND (670.7 million USD) and combined profits of 628.9 billion VND, equal to 106 percent and 164.8 percent of the set targets, respectively. Vinatex Chairman Le Tien Truong suggested the Government cut long-term interest rates, elaborating that garment-textile firms would find it hard to access loans after a year of low business … [Read more...] about Garment-textile sector eyes 39 billion USD in export turnover

With the funding, about 115 children with congenital heart diseases would be able to receive free surgeries, raising the total number of beneficiaries from the programme to over 1,300 so far. Due to the impact of the COVID-19 pandemic, the eighth edition took place virtually, meaning it can reach runners from across the nation. Launched in last November, the event was the result of a partnership between its organisers and Vietrace365, one of the most popular online virtual race platforms for the running community in Vietnam, which offers race courses nationwide. A highlight of the race this year was fundraising through a series of mini gameshows broadcast live on its official communication channels, which were joined by a large number of celebrities. … [Read more...] about Over 3 billion VND raised at Run for the Heart race

Tourism has become a spearhead economic sector. Dozens of large-scale tourism projects have been carried out, with an array of high-end resorts serving both domestic and international visitors. The Bai Truong tourism complex is being formed, giving the Phu Quoc urban area a facelift. … [Read more...] about Phu Quoc island city draws $16.5 billion in investment

Local trade-service production expanded by an average of over 19 per cent each year during the last five years, doubling the rate in its home province of Kien Giang in the Mekong Delta. State budget collections rose an average of 19 per cent annually and accounted for more than 40 per cent of the province’s total collections. … [Read more...] about Phu Quoc island city draws US$16.5 billion in investment

Machinery is used in a sod-turning ceremony to start the construction of Lien Ha Thai Industrial Park in Thai Binh Province, northern Vietnam, December 13, 2020 Photo: Khanh Linh / Tuoi Tre The industrial park sits on 588.84 hectares and is projected to cost VND3.885 trillion ($168 million) to build. … [Read more...] about PM attends ceremony to start construction of $168mn industrial park in northern Vietnam