Industrial parks

The Vietnam Timber and Forest Product Association reported that exports of timber and wooden products would fall significantly in the next three-six months due to the impacts of COVID-19. That could lead enterprises to cut 70 per cent of capacity and even temporarily suspend production. … [Read more...] about Solutions should prioritise maintaining industrial production

Hanoi (VNS/VNA) - The Ministry of Industry and Trade (MoIT) said that the most important priority at present was to maintain the operation of domestic industrial enterprises during the COVID-19 pandemic. The pandemic has caused a lot of difficulties for enterprises in Vietnam, especially industrial enterprises. If an enterprise is closed due the pandemic, its workers lose their jobs and it has negative impacts on other businesses in the supply chain. According to the ministry, many key industrial sectors had suffered greatly from the COVID-19 pandemic, especially electronics, textiles, leather, footwear and furniture. The textile, garment, leather and footwear industries have suffered due to a decline in demand in the US and European markets, which has had strong impacts on national export value. New orders in April and May are expected to fall by about 70 percent. The ministry predicted that the likelihood of new orders this year end was … [Read more...] about Solutions should prioritise maintaining industrial production: MoIT

The pandemic has caused a lot of difficulties for enterprises in Việt Nam, especially industrial enterprises. If an enterprise is closed due the pandemic, its workers lose their jobs and it has negative impacts on other businesses in the supply chain. … [Read more...] about Solutions should prioritise maintaining industrial production: ministry

ĐÀ NẴNG — The Đà Nẵng’s Information Technology Park JSC (DITP) company and Meritronics AMT Inc have been speeding up preparation for commencing construction of a surface-mount technology (SMT) factory at Đà Nẵng IT Park, which would export printed circuit boards and electronic components in the second quarter this year. … [Read more...] about First electronic component project to be built at Đà Nẵng IT Park

Local tourism departments have announced business results for March, showing the worst-ever figures in the history of the Vietnam’s tourism industry. Ngo Quyen street in the central area of Hanoi, where the famous Metropole Legend Hanoi is located, is deserted these days. Since early March, when the first coronavirus case was discovered, the number of travelers and hotel room occupancy rate has declined sharply in Hanoi.  … [Read more...] about Vietnam tourism industry hit hard by COVID-19