Vietnam's industrial competitiveness has seen the sharpest increase among 118 nations in the world, jumping up 14 places in four years. This was affirmed by Wilfried Luetkenhorst, Managing Director of the United Nations Industrial Development Organization (UNIDO) at a meeting in Hanoi on December 13 to announce the Vietnam Industrial Competitiveness Report 2011. The Industrial Competitiveness capacity is not, or at least not completely, dependent on a nation's reserve of natural resources, he said, adding that any competitive advantages can be created. At the event, Minister of Industry and Trade Vu Huy Hoang said the report will help policy makers formulate industry and trade policies to meet the nation's requirements in its industrial development. He said the report also recommends some useful policies for Vietnam. Deputy Minister of Industry and Trade Le Duong Quang suggested Vietnam take the opportunity to overcome the challenges of global integration by analyzing … [Read more...] about Vietnam’s industrial competitiveness sees sharpest rise
Industry
India’s industrial output declines 5.1%
India's industrial output shrank 5.1 percent year-on-year in October, well below expectations and piling pressure on the central bank to consider some monetary loosening after months of rate hikes. The October figure released by the government marked a sharp slump from the 1.9 percent expansion posted in September, and was the first contraction in output for more than two years. Manufacturing production, which accounts for around 75 percent of the industrial index, declined 6.0 percent year-on-year, while mining output was down 7.2 percent and capital goods output plunged 25.5 percent. Siddhartha Sanyal, director and chief India economist with Barclays Capital in India's financial hub, Mumbai, said the data had taken analysts by surprise. "The actual numbers turned out to be significantly weaker than our expectations," Sanyal told AFP. "Every sub-segment had a decline, which makes the situation worse. There's obviously quite a bit of pressure on the industrial segment." The … [Read more...] about India’s industrial output declines 5.1%
Software industry grows by a third
Viet Nam's software industry grew 29 per cent this year, said the Ministry of Information and Communications. At the two-day Viet Nam International Software Testing and Automation Conference hosted by LogiGear and event management firm MRD, the director of the ministry's Information Technology Department, Nguyen Trong Duong, estimated the software industry would achieve a turnover of $1 billion this year, of which, 35 per cent would come from software outsourcing. Duong added that one of the most promising software fields was software testing. Nguyen Quoc Hung, chairman of LogiGear, said the US's AT Kearne, a corporation that provides expert advice to clients across a range of industries, ranked Viet Nam among the top ten destinations for software testing over the last four years. The country ranked eighth this year. Hung said the global software testing market had developed at a rate of 17 per cent. He said Viet Nam had received numerous software testing contracts from foreign … [Read more...] about Software industry grows by a third
Software testing industry to prosper in Vietnam
The software testing industry in Vietnam has developed rapidly in recent years as local companies have won the confidence of multinational technology giants. Nguyen Quoc Hung, chairman of LogiGear, said Vietnam this year had ranked eighth in the list of top ten destinations for software testing by the British A.T. Kearney Consultancy Group, and had remained on this list for four consecutive years. Hung was speaking at the Vietnam International Software Testing and Automation Conference (VISTACON) 2011, which concluded in HCMC on Wednesday. The local software testing market has achieved strong growth, with an annual growth rate of 17% and market value at US$9 billion, Hung said. Currently, Vietnam is holding a significant market share since local software firms have secured multiple testing contracts with customers in Japan and North America. Harry Robinson, principal software design engineer at Test Microsoft, pointed out the strengths of Vietnam in software testing and … [Read more...] about Software testing industry to prosper in Vietnam
VN, Korea to develop environmental industry
Viet Nam and South Korea were going to boost co-operation in developing the environmental industry, a conference in Ha Noi heard yesterday, Nov 21. Co-organised by the Viet Nam Environment Administration and the Korea Environmental Industry and Technology Institute (KEITI), the conference targeted the business potential of Vietnamese enterprises in the field of waste treatment and manufacturing of environmentally friendly products. The co-operation was marked by the signing of three memoranda of understanding between KEITI and the Viet Nam Environment Administration, KEITI and the Viet Nam Environmental Industry Association and between the Korea Environmental Preservation Association and the Viet Nam Urban Environment and Industry Zone Association. Speaking at the conference, KEITI director Joon Seung Yoon emphasised it was high time to give environment protection top priority, besides economic growth. "The development of environmental industry is of great importance," he … [Read more...] about VN, Korea to develop environmental industry