The EU is Vietnam’s second-largest trading partner and an export market that witnessed the euro fall below $1 for the first time in nearly 20 years on July 29. Euro-dollar parity threatens the nation’s exports, source: freepik.com Pham Van Viet, chairman of Viet Thang Jeans, the top 5 leading fashion companies in Indochina, said that the immediate impact on textile and garment export enterprises is a decrease in value. All customers in Europe pay in euros and Vietnamese businesses that receive money back home must exchange it for USD. Now that the euro has fallen to the level of the US dollar, the export value of each shipment will decrease accordingly. “Profits of businesses are low because input costs such as gasoline, input material prices, and labour costs have all increased, now the plunge in euro prices will drag profits down even more,” he told VIR. Viet added that the depreciation of the euro shows that the European market is currently unstable, and … [Read more...] about Euro-dollar parity threatens the nation’s exports
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Seizing the opportunity laid out by its clean energy resources and phasing out coal could be key for Vietnam’s green growth path. Vietnam’s Prime Minister Pham Minh Chinh has set a deadline for sectors to build plans for their sustainable development within the first quarter (Q1) of this year as part of efforts to materialize the country’s sustainable development. Vietnam’s Prime Minister Pham Minh Chinh speaks at COP26 in Glasgow, the UK in November 2021. Photo: VNA The PM demanded in Q2 a comprehensive program to implement Vietnam’s net-zero target that he pledged at the 2021 United Nations Climate Change Conference in Glasgow (COP26) in November 2021. Accordingly, authorized agencies are tasked with eight issues, namely energy transition, reducing greenhouse gas emissions; lowering methane emissions; developing electric cars; planting forests to absorb carbon dioxide; building construction materials and urban development suitable for green and sustainable … [Read more...] about [Net-zero strategy] Which way is possible for Vietnam’s net zero journey?
MUSIC & PERFORMANCES HCMC-Carnival of the Animals ______________________________________________________________ EXHIBITION HCMC-Exhibition “Dancing Through Dreamscape” Until Aug 14, 10 am – 08 pm VY Gallery, 20 Nguyen Van Thu, District 1 Hanoi-Exhibition “Movement” Opening: Aug 10, 06 pm Exhibition: Aug 10 – 30, 09 am – 12 pm & 01:30 pm – 05 pm VICAS Art Studio, 32 Hao Nam Street, Dong Da District From the organizer : Movement by Mzung Nguyen is a solo exhibition, a visual essay reflecting the transition of urban life through a mixed discipline of collage-art practices. In terms of materials, this project collects and reuses hundreds of old magazines, which have been published during the past decade. Mzung Nguyen finds motivation in tracking the shifts in time and space, the replacement of old and new values, the cultural disparity between tradition and … [Read more...] about What’s on August 8-14/2022