Industry 4 0

Hanoi (VNS/VNA) - Textile stocks have been on a temporary upswing thanks to the recent ratification of the EU-Vietnam Free Trade Agreement (EVFTA) but textile enterprises still face difficulties due to heavy dependence on imported raw materials and machinery as well as reduced demand worldwide. In the latest trading sessions, from February 5 to February 14, shares of Duc Quan Investment and Development JSC (FTM) continuously increased with six sessions witnessing ceiling prices. FTM soared by 38.01 percent. During the same period, Song Hong Garment Joint Stock Company (MSH) also increased by 9.5 percent, the Vietnam National textile and Garment Group (VGT) rose 21.2 percent. According to Tran Xuan Bach, a stock analyst at Bao Viet Securities Co (BVSC), the ratification of EVFTA has boosted textile stock prices as the agreement is believed to offer a huge advantage to the industry. “But this is only a short-term impact, textile firm can enjoy the benefits the agreement brings … [Read more...] about Material autonomy key for Vietnam to fully tap EVFTA

As the world’s leading logistics company, Agility, ranked 50 countries by factors that make them attractive to logistics providers, freight forwarders, shipping lines, air cargo carriers and distributors. The three factors considered in the ranking were: domestic logistics opportunities, international logistics opportunities and business fundamentals. … [Read more...] about Vietnam’s logistics wins in US-China trade war