Fashion 4 0 innovation fashion industry through digital transformation

Hanoi (VNA) – Institutional reform, deeper integration and digital transformation are important for Vietnam to recover the economy, which has been battered by the COVID-19 pandemic, President of Vietnam Chamber of Commerce and Industry (VCCI) Vu Tien Loc said on November 24. In his opening remarks at the Vietnam Business Forum 2021, Loc laid stress on the gloomy outlook for the global economy due to the pandemic. However, the Asian Development Bank forecasts the Vietnamese economy would grow 2.8 percent in 2020, and 6.3 percent in 2021. The bank said in its Asian Development Outlook 2020 that Vietnam is showing its better recovery ability as compared to similar economies, giving positive prospect for the Vietnamese economy in mid- and long-term. However, Loc said Vietnam has not overcome challenges yet, as businesses have not made recovery from the outbreak and millions of workers have been unemployed. He spoke highly of the Party and Government’s first support … [Read more...] about Tripod strategy crucial to economic recovery in 2021: experts

Seoul (VNA) – Senior defence officials of the Republic of Korea (RoK) and Indonesia held an annual consultation session via video conference on November 24, reaffirming their commitment for cooperation in the field of defence industry. It was attended by Major General Sung Il, an international cooperation officer at the RoK Defence Ministry, Major General Dadang Hendrayudha of Indonesia’s Defence Ministry, and representatives of eight companies from the two nations. During the session, the two sides agreed to beef up cooperation to protect defense technologies and discussed other pending issues, according to the Defense Acquisition Programme Administration. It was a meaningful meeting that could help resolve pending defense industry issues between the two countries and will greatly contribute to strengthening their cooperation down the road, Sung said. The talks took place as Indonesia is hundreds of millions of dollars in arrears on its dues for the RoK's … [Read more...] about RoK, Indonesia reaffirm commitment to cooperate in defence industry

This image shows winners of the Smart City Award 2020. Photo: T.Ha / Tuoi Tre Speaking at the awards ceremony, Truong Gia Binh, VINASA chairman and head of the Smart City Award 2020 organizing board, stressed the significance of smart cities in urban design in Vietnam. … [Read more...] about Da Nang honored for smart city initiatives

Hanoi (VNS/VNA) — Hanoi will strive to reduce greenhouse gas emissions by 15 percent by 2030, according to local authorities. The municipal People's Committee recently issued a plan for the reduction, with the city aiming to achieve savings of 8-10 percent of total energy consumption in 2020-30 and about 14 percent in 2031-45. The capital city will promote the use of equipment and machinery with high efficiency, energy-saving, energy audit and enhance solutions to reduce power consumption and emissions in industrial zones, factories and urban areas. It encourages the reduction of greenhouse gas emissions from energy activities compared to the normal development scenario at 15 percent in 2030 to 20 percent in 2045. In the plan, the proportion of renewable energy sources in the total primary energy supply will reach about 2 percent by 2030 and then 5 percent by 2045. The city strives that by 2045, the total capacity of solar power is estimated at about … [Read more...] about Hanoi aims to reduce greenhouse gas emissions

Figures released the Agency of Foreign Trade under the Ministry of Industry and Trade showed that Vietnam shipped 363,000 tonnes of cashew nuts abroad in the first nine months of 2020, raking in 2.3 billion USD, up 10.6 percent in volume but down 4 percent in value compared to the same period last year. … [Read more...] about Cashew nut exports to thrive in year-end months: insiders