Pan group

Hanoi (VNA) – Vietnam’s garment-textile sector sets a target of 39 billion USD in export revenue this year, equal to that of 2019, according to the Vietnam National Textile and Garment Group (Vinatex). Last year, due to impacts of the COVID-19 pandemic, the US-China trade tensions, the trade protectionism and the Brexit, Vietnam’s garment-textile exports reached only 35 billion USD. However, the result is still remarkable given the global demand dropping over 22 percent. In 2020, Vietnam was the only among the world’s top five garment-textile exporters not to have to cease production. Vinatex recorded total revenue of 15.5 trillion VND (670.7 million USD) and combined profits of 628.9 billion VND, equal to 106 percent and 164.8 percent of the set targets, respectively. Vinatex Chairman Le Tien Truong suggested the Government cut long-term interest rates, elaborating that garment-textile firms would find it hard to access loans after a year of low business … [Read more...] about Garment-textile sector eyes 39 billion USD in export turnover

Leveraging the geographical advantage of the Cangzhou Lingang Economic and Technological Development Zone, the Kerry IMS Chemical Cangzhou logistics centre is supported by Kerry IMS Chemical Logistics' strong chemical warehousing, long-haul trucking and distribution services and network. Not only can it fulfil the warehousing and transit needs of local chemical companies, but can also provide services to the Hebei, Tianjin, Shanxi and Shandong regions, integrating regional resources and upstream and downstream industries to create a sustainable industry chain. The logistics centre is the implementation of Kerry Logistics Network's operation strategy of synchronised distribution from the warehouses in Eastern, Southern, Northern and Southwest China, so that the logistics and distribution time nationwide is shortened, ensuring the timely delivery of goods to increase the competitiveness of its customers' products. … [Read more...] about Kerry Logistics Network Opens Chemical Logistics Centre in Cangzhou China To Capture Market Potential in Chemical Logistics

Despite having been in our social lives for less than two decades (Facebook in 2004, Twitter in 2006), social media platforms have rapidly transformed into a global phenomenon where they now serve as the primary medium of communication for billions of people. Once relatively harmless “public squares” where users can easily interact with one another, social media networks have grown into formidable platforms, giving their creators unprecedented supranational power – not just by gathering personal information and collecting trends and being able to sell this information for billions of dollars, but also by dominating, if not directly influencing, social trends through the power of advertisements and information selection. In many cases, this has become a significant matter in national politics for many countries. … [Read more...] about Social media – a revolution to be feared

Deputy Prime Minister and Foreign Minister Pham Binh Minh will attend the ASEAN Foreign Ministers’ Retreat (AMM Retreat) which will be held virtually on January 21, said Foreign Ministry’s Spokesperson Le Thi Thu Hang at a press briefing on January 14. … [Read more...] about Deputy PM to attend ASEAN Foreign Ministers’ Retreat

General Secretary of the Vietnam Association of Seafood Exporters and Processors (VASEP) Truong Dinh Hoe said RCEP integrates certain FTAs ASEAN had signed. Therefore, once put into place, the trade deal will allow businesses to use a common certificate of origin (CO) instead of the current single certificate for each market.  … [Read more...] about RCEP: local enterprises stepping firmly forward