Japanese local clothing brand

Over the past 35 years of development, the Vietnam Bank for Agriculture and Rural Development, better known as Agribank, always proves its position and role as a leading commercial bank in Vietnam. It has pioneered monetary policies, contributing to stabilizing the macro-economy, curbing inflation and supporting the country’s economic growth. The bank has cemented its key role in developing the agriculture sector and rural areas and offering credit and services to serve the country’s socio-economic development. Agribank was proud to receive the Vietnam National Brand award for the third consecutive year in 2022 and was among the top 10 Vietnamese strong banking and financial brands the same year. The lender has obtained impressive achievements in digital and green transformation and made substantial contributions to community development. Despite the negative impact of the COVID-19 pandemic, Agribank, with its initiative and flexibility, has employed multiple … [Read more...] about Vietnam’s Agribank wins many local prestigious prizes

An elderly man in Ho Chi Minh City has tirelessly made gratis school uniforms for disadvantaged children in different areas in Vietnam for around twenty years out of love for them. Nguyen Ngoc Giao, a war veteran, has been seen working by his half-a-century-old treadle sewing machine from 8:00 am to 11:00 am, and between a noon rest and 3:00 pm almost every day at his house in the metropolis’ Tan Binh District. Giao has maintained the habit for quite a long time, giving a large number of uniforms to poor students. All started in 1998, when Giao decided to help financially underprivileged children at a class run by his friend in the city’s suburban district of Hoc Mon after seeing them wear ragged clothes. At first he sent them washed hand-me-downs collected from his own family and neighbors but later spent part of his retirement pension and money his children gave him on making clothes for the students himself, using sewing skills he learned from imitating professional … [Read more...] about ​Elderly Vietnamese man spends two decades sewing free uniforms for poor students

The second annual report on foreign investment in Vietnam for 2022 released earlier in March by the Vietnam’s Association of Foreign Invested Enterprises noted that the United States has decreased corporate income tax from 25 to 21 per cent, while also reforming investment licensing procedures. In addition, the US government is applying higher taxes on imported products to increase the competitiveness of several industrial sectors, such as energy, automobiles, steel, and aluminium. Vietnam may need to come up with new tactics to retain foreign investors, photo Le Toan Besides that, the US is also promoting a “prosperous economic network” that connects allied countries to build supply chains of products such as semiconductors and 5G-related technology. In Europe, some countries such as Germany and Italy have also unveiled policies to limit investment in overseas markets, while France is encouraging its enterprises to expand their operation in high-value sectors, such as … [Read more...] about Gains feasible through large-scale FDI

Soc Trang Province's OCOP products showcased at the workshop. — VNA/VNS Photo The One Commune One Product (OCOP) scheme has encountered a challenge in promoting local products, as producers face difficulties getting their products into local supermarkets, let alone big retail systems in major cities. According to the Department of Industry and Trade of the northern province of Vinh Phuc, statistics reveal that the province currently boasts 105 OCOP products. Among them, 26 products meet the four-star OCOP standards, 79 products meet three-star OCOP standards and many other high-quality traditional products. Many of these products are exported. However, a representative of the provincial Department of Industry and Trade told Dai Doan Ket (Great Unity) newspaper that although OCOP products were of high quality and high economic value, which met the requirements of standards and regulations on goods as prescribed, they still had no place in retail supermarkets and stores. … [Read more...] about OCOP products struggling to reach domestic supermarket shelves

For the first time, on March 19, a batch of nearly 20 tonnes of fresh sugarcane from the northern province of Hoa Binh left Vietnam heading to the US market, facilitated by the privately held Tien Ngan Trade Investment Co., Ltd. Despite the modest value, the move heralds strong prospects for sugarcane and other agricultural items from Hoa Binh province. Nguyen Le Diep, the company’s director, revealed that it took six months of negotiations to meet the partner’s strict technical standards. Amidst the huge supply, boosting exports has become a crucial task for cement producers Notably, accompanying the fresh sugarcane batch were 10 cane pressing machines, which hints at how the products will be consumed in the foreign market. With a wealth of experience exporting hundreds of tonnes of fresh sugarcane to the EU, South Korea, and lately the US market, Tien Ngan Co., Ltd. is set to export 300-500 tonnes of fresh sugarcane this year. The fresh export shipment came … [Read more...] about Firms gearing up to boost exports

Is development of high-tech industrial parks (IPs) likely to become a new capital trend in Vietnam? David Jackson, CEO of Colliers Vietnam Industrial and logistics assets are two of the most in-demand real estate areas across Asia-Pacific in 2023. As investors adopt a defensive strategy, sustainability and technology will drive changes in reassessing portfolios, focusing on quality and long-term values such as green certifications, new amenities, costs, and operational efficiency. Different industrial models in Vietnam will thus also be impacted by these factors in the next few years. Yet, it is too early to say whether the investment in and development of high-tech parks will become a new trend. High-tech IPs in Vietnam have not yet reached their full potential due to a lack of attention. There is much to do in terms of removing legal barriers, completing the technology infrastructure, and offering more favourable conditions to encourage investors to join the … [Read more...] about Nation must scoop up benefits of high-tech industrial parks