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Hanoi (VNA) - Vietnam’s footwear sector is now beginning to see positive signs after export revenue for footwear and handbags fell 11 percent year-on-year to 19.5 billion USD in 2020, making it one of the sectors hardest hit by COVID-19. Vietnamese companies have proved their capacity in research and development (R&D) and design, according to Chairman of the Vietnam Leather, Footwear and Handbag Association (LEFASO) Nguyen Duc Thuan. Signs show that Vietnam is further penetrating into the leather-footwear supply chain, he said, as the design and R&D processes rake in high added value for products. The domestic supply of materials for the sector now represents 60 percent. Local businesses can take the initiative in producing soles and moulds, as well as packaging and labelling. This is attributable to their activeness in manufacturing materials locally, Thuan added. In particular, the Gia Dinh Footwear JSC has set up industrial clusters to attract investment in … [Read more...] about Footwear sector further penetrates global supply chain

According to Kim Huat Ooi, vice president of Manufacturing and Operations and general manager of Intel Products Vietnam Co., Ltd., as of the end of 2020, Intel Products Vietnam has shipped more than 2 billion units to customers worldwide. “We’re very proud of this milestone, which shows both how important IPV is to helping Intel meet the needs of its customers all around the world, and why we continue to invest in our facilities and team here in Vietnam,” Ooi said. … [Read more...] about Intel injects additional $475 million into Vietnam facility

Hanoi (VNA) – Apple is ramping up the production of iPhones, iPads, Macs and other products outside of China, in a sign that the tech giant is continuing to accelerate its production diversification, reported Nikkei Asia. It quoted its sources as saying that iPad production will begin in Vietnam as early as the middle of this year, marking the first time that the world's biggest tablet maker will build a significant number of the devices outside of China. The tech giant is also stepping up iPhone production in India, its second-largest production base for the iconic device, sources added, with plans to start producing the latest iPhone 12 series, the company's first 5G smartphones, in the South Asian nation in this quarter. Apple is also increasing production capacity for smart speakers, earphones and computers in Southeast Asia as part of its ongoing diversification strategy, the newspaper added. In Vietnam, Apple is mobilising suppliers to expand production capacity for … [Read more...] about Apple bolsters production shift to Vietnam, India

HCMC is the first locality in the country to introduce a digital transformation program to boost the development of a digital economy, a digital government and a digital society. The city has laid the groundwork for the four main pillars of a smart city: a shared database and open data ecosystem, a smart city operating center, a center for socioeconomic forecasts and simulation and a center for information safety. … [Read more...] about HCMC proposes seven solutions to develop knowledge economy

IPV is an important part of Intel's worldwide manufacturing presence. As Intel redefines its position in the industry from a CPU to a multi-architecture XPU company, IPV will continue to diversify and improve its local operations so that it can take on more complex technologies and new products to enable Intel to tap new market opportunities. … [Read more...] about Intel invests additional US$475 million in Vietnam