The biggest problem for the footwear industry is rising costs

The biggest problem for the footwear industry is rising costs

VCN - In the first 8 months of 2024, leather and footwear exports have grown, with an increase of more than 10%, and many markets are recovering. With the current recovery rate, it is expected that the leather and footwear industry will export about 27 bi
Import turnover of raw materials for textiles, footwear, and plastics reaches tens of billions of dollars

Import turnover of raw materials for textiles, footwear, and plastics reaches tens of billions of dollars

VCN - In general, in the first eight months, Vietnam spent US$18.03 billion on importing raw materials for the textile and footwear industry, increasing by 14.6% year-on-year.
Cashew industry faces risk of trade deficit

Cashew industry faces risk of trade deficit

Cashew nuts are one of the exports which have created a large market for Vietnam, however, the industry faces the risk of trade deficit due to higher raw material prices.
Garment - textile industry pins high hopes on FDI inflows

Garment - textile industry pins high hopes on FDI inflows

Vietnam has so far attracted 3,500 foreign direct investment (FDI) projects in the garment - textile industry with a combined value of 37 billion USD, according to the Vietnam Textile and Apparel Association (VITAS).
Computers and electronic products take lead in term of export turnover to Indonesia

Computers and electronic products take lead in term of export turnover to Indonesia

Vietnamese goods are increasingly consolidating their position in the Indonesian market, with export value growing continuously over the years.
Vietnam still primarily relies on processing and manufacturing with limited automation integration

Vietnam still primarily relies on processing and manufacturing with limited automation integration

Vietnam needs to cultivate domestic enterprises that are large-scale, possess international competitiveness, boast established brands, and can serve as cornerstones in leading the industrialization and modernization process.
First Vietnam fruit festival opens in China

First Vietnam fruit festival opens in China

The first-ever Vietnam fruit festival opened in Beijing, China, on September 29, co-organised by the Vietnamese Ministry of Industry and Trade, and Ministry of Agriculture and Rural Development.
Incheon int

Incheon int'l port creates export channel for Korean office furniture to Vietnam

The export of Korean office furniture to Vietnam via the Incheon internation port since April this year has witnessed initial results, according to the port authority.
20,000 Chinese cars imported in 8 months

20,000 Chinese cars imported in 8 months

VCN - 12,776 9-seater cars were imported in August, with total turnover of US$224, accounting for 84.8% of the imported cars of all kinds.
Turning by-products into high-value export products

Turning by-products into high-value export products

VCN - According to statistics from the Ministry of Natural Resources and Environment, each year in Vietnam, about 1.8 million tons of plastic waste are discharged into the environment.
10 export groups with an increase of nearly US$30 billion

10 export groups with an increase of nearly US$30 billion

By the end of August, the total export turnover of the country reached US$265.44 billion, an increase of 15.9% over the same period last year.
Vietnam on quest for specialty coffee development

Vietnam on quest for specialty coffee development

It is a great time for Vietnam to build on specialty coffee segment to enhance its global recognition and increase its value in the coffee supply chain.
Vietnam

Vietnam's logistics sector embraces green transition amid global pressure

The logistics sector, which has become an important service industry and played a role in supporting, connecting and promoting Vietnam’s socio-economic growth, is undergoing a rapid transformation as sustainability takes centre stage. With an estimated market size of 40-42 billion USD a year and over 40,000 firms operating in the sector, the stakes are high, and the need for change is urgent.
Ministry eyes ensuring supply chain for textiles, footwear

Ministry eyes ensuring supply chain for textiles, footwear

The Ministry of Industry and Trade is considering the establishment of an international centre to create, store and trade raw materials for textile and leather footwear production in Vietnam, towards ensuring the supply chains for those sectors.
Breakthrough policy to attract new generation FDI

Breakthrough policy to attract new generation FDI

VCN - That was one of the contents raised at the Policy Dialogue Session held on the afternoon of September 25 within the framework of the Ho Chi Minh City Economic Forum 2024, chaired by Prime Minister Pham Minh Chinh and leaders of central ministries an
Export turnover from durian achieves over US$ 2 billion

Export turnover from durian achieves over US$ 2 billion

VCN - According to the General Department of Vietnam Customs, the country's export turnover of fruit and vegetable in August surged 52.8% month-on-month to US$ 844 million. Of which, durian exports reached more than US$500 million, up 94% month-on-month.
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Seafood exports expected to exceed $10 billion in 2025: expert

Seafood exports expected to exceed $10 billion in 2025: expert

The achievement of the $10 billion export milestone in 2024 is attributed in part to efforts to open and strengthen connections with key markets such as the US and the EU.
Top 10 Reputable Animal Feed Companies in 2024: Efforts to survive the challenges of nature

Top 10 Reputable Animal Feed Companies in 2024: Efforts to survive the challenges of nature

VCN - In the Report announcing the Ranking of Top 10 Reputable Animal Feed Companies in 2024 on December 12, 2024, Vietnam Report Joint Stock Company said that Vietnam's animal feed industry has faced many challenges from natural disasters and epidemics.
Vietnam's import-export surges 15.3%

Vietnam's import-export surges 15.3%

Vietnam's total import-export turnover reached 745 billion USD as of December 14, marking a robust 15.3% growth compared to the same period in 2023, according to the General Department of Vietnam Customs.
More Vietnamese firms interested in Saudi Arabia: Ambassador

More Vietnamese firms interested in Saudi Arabia: Ambassador

An increasing number of Vietnamese enterprises are showing interest in Saudi Arabia, particularly in the sectors of Vietnam's advantages and the Middle East country's needs, a diplomat has said.
“Give and Take” in the Value Chain of the CPTPP Market

“Give and Take” in the Value Chain of the CPTPP Market

Vietnamese businesses have many opportunities and advantages if they take advantage of resources from imports and technology transfers when joining the supply chains of FDI companies within the CPTPP.
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