TAIPEI: The new normal of global trade is that there are few safe harbors. That’s the lesson Eclat Textile Co. is learning. The sportswear supplier to Nike Inc. and Lululemon Athletica Inc. exited China in 2016 as conditions weren’t ideal for manufacturing, deciding instead to bulk up in Vietnam. Now, as the global trade war […]
Read MoreVietnam aims to become the leading digital country and economy in the Asean region by 2030 and allow testing of new technologies in the digital economy. This is one of the proposals in a draft project on national digital transformation by Vietnam’s Authority of Information Technology Application (AITA) under its Ministry of Information and Communications. […]
Read MoreThe Hanoitimes – As Vietnam’s labor cost is equal and even higher than other countries, the country will have to replace the cheap labor advantage for the skilled workforce advantage in the coming time to raise the competitiveness. Some foreign investors in labor-intensive industries are slowing their expansion plans in Vietnam and finding other countries […]
Read MoreThe Hanoitimes – The market posted net absorption of approximately 67,000 sq.m, a record figure over the past quarters The occupancy rate in Hanoi’s retail market in the second quarter (Q2) this year grew to 92% from 90% recorded last quarter. Accordingly, the market posted net absorption of approximately 67,000 sq.m, a record figure over […]
Read MoreHeads of state-owned China Energy Engineering Corporation or Energy China (CEEC) Wang Jianping, Alpha King Real Estate Development JSC Wang Weixian, Ping An Insurance Company Song Chengli, China Jiangxi Corporation for International Economic and Technical Cooperation (CJIC) Xu Guojian, and Jiangxi Construction Engineering (Group) Co., Ltd Zhang Minfeng expressed their hope at a meeting with […]
Read MoreThe Hanoitimes – The FDI sector remained a bright spot of the economy, playing a crucial role in economic growth through exports. Vietnam’s GDP is projected to expand 6.96% in 2019 with inflation rate at 3.5%, coming on the back of strong GDP growth of over 7% in the remaining two quarters, according to Nguyen […]
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