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Hanoi (VNA) - The Ministry of Planning and Investment and the US Agency for International Development (USAID) co-organised a launch ceremony for the “Supporting Enterprises’ Digital Transformation from 2021 to 2025” programme on December 3 in Hanoi. … [Read more...] about New programme to support enterprises’ digital transformation over next 5 years

Nguyễn Thị Thu, owner of food stall on the sidewalk in Long Biên District, said: “I know the city has a policy to eliminate the honeycomb briquette stove because of environmental pollution, but my family has not yet been able to buy a gas or electric stove. And it's not easy to install an electric cooker in my stall so I still use honeycomb charcoal." … [Read more...] about VIETNAM NEWS JANUARY 11

Xuân said that for businesses to recover and develop after COVID-19, "we need to focus on improving our value in supply chains by partaking deeper inside the chains and having more stages done within Việt Nam, such as material and auxiliary material production. We have to improve our design capability and partake more in logistic chains". … [Read more...] about Leather, footwear companies need deeper participation in global supply chains: conference

Hanoi (VNA) – The COVID-19 pandemic will continue creating trouble for the leather-footwear sector in Europe and the US – its key markets for export, in 2021, the Sai Gon Giai phong newspaper reported, citing experts’ opinions. In 2020, the sector shipped overseas 19.5 billion USD worth of products, an annual decrease of 11.5 percent. As the pandemic has basically been placed under control in Vietnam, long-term orders have returned. However, experts said the difficult situation will prolong throughout 2021. To counter COVID-19 negative impact, Phan Thi Thanh Xuan, a consultant for USAID's Linkages for Small and Medium Enterprises Programme, said the only solution for leather-footwear enterprises is to overhaul their production by investing in automation, productivity promotion, and building closed production chains. There is a rising trend of customers preferring long-lasting products over "fast fashion" goods, she noted. Insiders said leather-footwear production … [Read more...] about Difficult year ahead for leather-footwear sector: experts

Banks have offered lending rates of 2-3% per year, which are low compared with the rates in the previous years, paving the way for enterprises to expand their investment and increase their capacity, Thuan noted, adding that local firms should meet requirements on environmental protection and prevent trade fraud. … [Read more...] about Local leather-footwear firms see more opportunities in supply chains