Director of norwegian maritime export company terje lillenes

After seeing orders from Europe plunge by 70% in recent weeks, shoemaker Chang Shuen in the southern province of Binh Duong quickly turned to the U.S., a market it has not paid attention to for nearly a decade. According to Doan Sy Loi, its CEO, the prices of products made for the U.S. market are always at least 15% lower than for the European market. When exporting to Europe, Chang Shuen only needs to make 5,000 pairs of shoes a day to turn a profit, but needs 6,000-6,500 pairs in the case of the U.S., he said. "During difficult times I have to do more to make a profit." However, one advantage is that orders from the U.S. are five to 10 times larger than from Europe, he said. The larger volumes attune workers, making production smooth and speedy, he added. Garment company Dony in Ho Chi Minh City recently sent executives to the Middle East to meet and negotiate with wholesalers for big brands, its director, Pham Quang Anh, said. If the price is good, importers are willing to … [Read more...] about Factories find ways to deal with decreasing exports

ADC Pharma in Can Tho Province. As the domestic pharmaceutical market holds a lot of potential, local producers are urged to improve their competitiveness for expansion. — VNA/VNS Photo Thanh Liem It is critical for pharmaceutical companies to improve competitiveness with a focus on research and development (R&D), production technology and digitalisation. According to experts, this will help them expand their shares in the domestic market which remains being dominated by imported drugs and extend their international reach. Viet Nam’s pharmaceutical market has significant potential. The Ministry of Health estimated the market at US$6.9 billion in 2021 while BMI Research forecast the market to reach $16.1 billion in 2026 with a compound growth rate of up to 11 per cent. According to Nguyen Dieu Ha, general secretary and office chief of the Vietnam Pharmaceutical Companies Association (VNPCA), there are 55 foreign-invested pharmaceutical companies in Viet Nam as of the end of … [Read more...] about Pharmaceutical companies urged to invest in R&D, improve competitiveness

Representatives of three clam breeding co-operatives in Tra Vinh province receive Aquaculture Stewardship Council (ASC) certification for their bivalve molluscs. (Photo: VNA) Tra Vinh (VNS/VNA) - Three clam farming cooperative s in the Mekong Delta of Tra Vinh with a total area of 433ha have been awarded the Aquaculture Stewardship Council quality certification. They are the Thanh Cong Cooperative in Cau Ngang district’s My Long Nam commune, Tien Thanh Clam Cooperative in Chau Thanh district’s Long Hoa commune and Long Thanh Agriculture Cooperative also in Long Hoa. The province Department of Agriculture and Rural Development and the International Collaborating Centre for Aquaculture and Fisheries Sustainability (ICAFIS) held a ceremony to hand over the certificates to the cooperatives last week. Also at the ceremony, the Ben Tre Seafood Joint Stock Company and the Hung Truong Phat Aquamarine Product Joint Stock Company in Ben Tre province and the Lenger Seafoods Vietnam … [Read more...] about Tra Vinh clam breeding cooperatives receive ASC certificate

A farmer harvest his crop in a high-quality rice paddy in Kien Giang Province. — VNA/VNS Hong Dat Viet Nam is outlining a plan to cultivate one million hectares of low-carbon high-quality rice in the Mekong River Delta to meet its net zero emission targets. The plan, being prepared by the Ministry of Agriculture and Rural Development (MARD), is expected to be submitted to the Government for approval in March and be under implementation in 2024. Twelve out of 13 provinces in the region have signed up for the plan. They have committed to reaching 200,000ha next year, 719,000ha in 2025, and over one million hectares in 2030. An Giang Province took the lead with a commitment to grow 150,000ha in 2025 and 200,000ha in 2023, undertaking a large share of the target. Deputy Minister of Agriculture and Rural Development Tran Thanh Nam said most Vietnamese firms do not develop rice paddies to cater to their exports. The firms rely only on traders to maintain their trade activities, … [Read more...] about Agricultural authorities draft plan to grow one million hectares of low-carbon rice

Hanoi (VNA) - The following is a brief review of the day’s events as reported by the Vietnam News Agency. - Economic cooperation should continue to be the focus of bilateral ties between Vietnam and the Republic of Korea, National Assembly (NA) Vice Chairman Nguyen Duc Hai said at his talks with Deputy Assembly Speaker of the RoK Chung Woo-taik in Seoul on March 20. Read full story - Chief Justice of the Supreme People’s Court Nguyen Hoa Binh and Minister of Justice Le Thanh Long cleared up questions regarding asset recovery in corruption cases, at a Q&A session in Hanoi on March 20 as part of the 21st meeting of the National Assembly (NA) Standing Committee. He admitted that the work has yet to be done strictly although 40% of the assets were recovered over the past decade. Read full story - Vietnam is striving to lure more Japanese investments to digital transformation and green growth, as recommended in the Vietnam-Japan Joint Initiative (VJI). Phase VIII of the … [Read more...] about ☕ Afternoon briefing on March 20