Inaugurated in 2019, the Vietnam plant has been developed as a global industrial production hub with state-of-the-art production concepts and as a digital pilot plant for Schaeffler’s global production system. With range and product line extensions over the past year, the plant is geared to serve an ever-increasing number of regional and global customers with best-in-class products and systems for a wide range of industrial applications. … [Read more...] about Schaeffler expands its global apprenticeship program with pilot project in Vietnam
Mipim asia 2019
In the year of ASEAN Chair 2020, Vietnam has really worked in the “cohesive and responsive” manner as the theme of the chairmanship’s year. It has helped ASEAN member states stay united in fight against the pandemic and in recovery plans that are partly revealed through the regional Covid-19 response fund and reserve of medical supplies. … [Read more...] about How Vietnam weathers global health crisis and rises?
Bac Ninh (VNA) – An official of Bac Ninh expressed his hope that Sri Lanka will invest in many projects in this northern province, as well as Vietnam as a whole, while receiving a delegation of the Sri Lankan Embassy led by Ambassador Prasanna Gamage on November 27. Informing his guests about local development, Vice Chairman of the provincial People’s Committee Vuong Quoc Tuan said Bac Ninh is among the fast growing localities in Vietnam. This year, its gross regional domestic product (GRDP) is estimated at 121.7 trillion VND (5.2 billion USD, up 1 percent from 2019), industrial production value over 1.1 trillion VND (ranking first in the country), exports 36.5 billion USD (up 7.3 percent), collection for the State budget nearly 29.8 trillion VND (up 1.6 percent from the target), and average per capita income 79.9 million VND (up 8.1 percent). There are 16 industrial parks across the province at present, including 10 already becoming operational and attracting more than … [Read more...] about Bac Ninh invites investment projects from Sri Lanka
Moscow (VNA) – Vietnamese tea, coffee and coconut products are among those on display at the international trade fair WorldFood Moscow 2020 underway in the Russian capital from September 22 – 25. This year, the products are displayed by two Russian importers since no Vietnamese firms are able to attend the event due to travel restrictions triggered by COVID-19. Among the Russian exhibitors is Vietcoco Co., Ltd. based in Krasnoyarsk city, eastern Siberia. The company imports organic coconut products from Vietnam to distribute to local retailers, Director-General Anton Kudryatsev told a Vietnam News Agency correspondent in Russia. The WorldFood Moscow 2020 is expected to provide an opportunity for the firm to seek partners in the retailing sector in Moscow, he said, adding that Vietnam is one of the world’s leading exporters of coconut and the product’s presence in Russia not only helps raise bilateral trade between the two countries but also boost its exports … [Read more...] about Russia importers display Vietnamese products at WorldFoor Moscow 2020
HCM City (VNA) - Promoting exports to Singapore, which has open trade mechanisms and high-quality services, is viewed as a shortcut for Vietnamese small and medium-sized enterprises (SMEs) to send their products out to the world, according to industry insiders. At a conference held by the Ho Chi Minh City Investment and Trade Promotion Centre (ITPC) on October 7, centre deputy director Tran Phu Lu said Singapore plays an important role in Southeast Asia’s economy thanks to its strategic location and high-quality human resources. As the 37th-largest economy in the world, its per capita income stood at 59,590 USD in 2019, he said, adding that as its domestic consumption relies a great deal on imports, Vietnamese SMEs could penetrate into the market, especially in the context of formidable challenges posed by COVID-19. Vice President of the Vietnamese Chamber of Commerce Ltd (Vietcham) Singapore, Phan Phi Long, said that besides traditional distribution channels like FairPrice, … [Read more...] about Singapore an important market for SMEs to reach out to the world: Insiders