The perspective of Hoa Phu Industrial Park Hoa Phu IP is located at the intersection of the main traffic axes of the northern key economic region, bordered by Hanoi, Bac Ninh, and Bac Giang, and is easily accessible through a multitude of international commercial gateways – by air, by sea, and by road alike. Hoa Phu IP is located on the provincial Road 295, 35 kilometres from the centre of Hanoi (35 minutes of travel), 45km from the administrative centre of Bac Giang province (45 minutes), 25km to Noi Bai International Airport (20 minutes), 120km to Haiphong Port (2 hours), 135km to Cai Lan Seaport in Quang Ninh (2.5 hours), and 150km to the Huu Nghi-Lang Son international border gate (3.5 hours). The first phase of Hoa Phu IP covers an area of 207ha and has been invested by Phu My Group. With nearly 20 years of experience in investing, trading, and constructing industrial infrastructure, especially with the success of Phu Nghia IP in Chuong My district, Phu My Group is … [Read more...] about Hoa Phu Industrial Park – The destination of success
By applying modern technology, Vietnamese garment and textile companies have improved their productivities and meet the demand of choosy markets. In fact, before the free trade agreements became effective, garment and textile industry had attracted several large investment projects. Many enterprises invested a large amount of money in order to adopt modern technology. For instance, the Garment No.10 Corporation (Garco No.10) is considered to be the enterprise which succeeded in participating in global supply chain by applying modern technology in production and management early. At the present, 80 percent of its production is exported to the US, Germany and Japan. Garco No.10 has 18 member factories at seven cities and provinces with around 12,000 workers. The company has applied information technology software in management. Owing to that, the production time of a product has been reduced from 1,980 seconds to 1,200 seconds and to merely 690 seconds per item now. Currently, each … [Read more...] about Garment, textile industry keeps pace with Industry 4.0
Workers at Bình Dương Garment Company Ltd. In the southern province of Bình Dương. — VNA/VNS Photo Hải Âu HCM CITY — The hottest fashion products and designs from exhibitors and rising designers from Việt Nam will be on display at Hong Kong's largest one-stop sourcing fashion show to be held from October 27-30. More than 35 leading Vietnamese designers and manufacturers of garments, textiles and fashion accessories as well as garment-related industries will be participating in the Global Sources Fashion Show in Hong Kong. The emerging Vietnamese fashion brands include B.store, Emwear, Haberman, Hồng Ty, Cocosin and Fashion Link, according to Global Sources, the event’s organiser. A fashion parade will be organised as part of the show exclusively for rising Vietnamese designers to showcase their latest fashion collections. In recent years Vietnamese fashion brands have … [Read more...] about Vietnamese fashion brands to be showcased at int’l fair
All banks in the country have to adopt the standard version of Basel II and then switch to the advanced version by 2025. — Photo baokiemtoannhanuoc.vn In 2016 the State Bank set a deadline of January 1, 2020, for 17 banks to meet Basel II norms under a national banking sector development strategy. Also, by 2025 all banks in the country have to adopt the standard version of Basel II and then switch to the advanced version. Basel II is the second edition of the Basel Accords, which are recommendations on banking laws and regulations issued by the Basel Committee on banking supervision. It comprises minimum capital requirements, supervisory review and market discipline to enhance competition and transparency in the banking system and make banks more resistant to market changes. Basel II requires banks to have a capital adequacy ratio (CAR) of at least 8 per cent. However, the SBV has allowed 10 banks to adopt Basel II standards earlier than the 2020 deadline. They are Joint Stock … [Read more...] about Basel II deadline rapidly approaching, are banks on course to meet norms?
Corporate Viettien launches R&D center By Hung Le Monday, Oct 14, 2019,15:08 (GMT+7) Viettien launches R&D centerBy Hung Le A model walks along the catwalk at the newly launched Duong Long R&D center of Viettien Garment Corporation – PHOTO: HUNG LE HCMC - Viettien Garment Corporation on October 12 inaugurated a research and development center for the textile and apparel industry in HCMC, called Duong Long R&D, to enhance its competitiveness in the global fashion market. The center covers an area of 3,000 square meters within the space of the corporation in Tan Binh District. It comprises many functional zones for creative design, sample sewing and media production, meeting the requirements of the fashion industry in terms of original design manufacturing and original brand manufacturing. Rooms in the center designated for organizing workshops, meetings and fashion shows received significant … [Read more...] about Viettien launches R&D center