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Apparel exports reach US$12.6 billion in 6 months
The information was heard at a press conference on reviewing the sector’s performance in the first six month of this year, held by the Vietnam Textile and Apparel Association (VITAS) in Hanoi on July 21.
According to the association, growth of the sector in the reviewed period was largely attributed to foreign direct investment (FDI) firms. It warned and that the situation could worsen from August this year, and many small and medium sized firms may have to shut down due to slow consumption in foreign markets.
VITAS warned the sector might earn only US$29 billion from exports this year, down US$2 billion from the set target, if the situation does not get any better.
Deputy Chairman of VITAS Truong Van Cam said, Vietnamese garment and textile enterprises are facing difficulties due to the pressure of competing for a lower number of orders, and also buying power in foreign markets.
He acknowledged that one of the reasons that caused difficulty for enterprises is the Vietnamese Dong (VND) stability policy against the USD, reducing competitiveness of goods from Vietnam to other countries such as India, Bangladesh, ASEAN countries and China.
Janet Reno, first U.S. woman attorney general, dies aged 78: reports
(Reuters) - Janet Reno, the first woman U.S. attorney general who served eight tumultuous years with President Bill Clinton, has died aged 78, according to media reports.ABC News, citing Reno's goddaughter, said she died from complications of Parkinson's disease early on Monday.Reno served as the top U.S. law enforcement official under Clinton from 1993 to 2001, becoming the longest-tenured attorney general of the 20th century.The blunt-spoken Reno authorized the deadly 1993 raid on the Branch… chat_bubble_outline Read More...
Vietnam jumps 14 places in global enabling trade index
Vietnam advanced 14 places in the Enabling Trade Index of the World Economic Forum, now ranking 73rd out of 136 economies, according to the Global Enabling Trade Report released on November 30. A corner of Ho Chi Minh City The advancement is largely driven by improvements in border administration, with improved customs efficiency (now at 66th) and reduced times for documentary and border compliance for both importing and exporting (a reduction of approximately 30 total hours for both… chat_bubble_outline Read More...
Spectacular pictures of Son Doong Cave
Son Doong Cave in Vietnam is a destination with a surreal beauty. Travelers all over the world would love to have a chance to explore it.From May 11-17, the Ministry of Home Affairs and the UNESCO National Committee of Vietnam will organize a tour to discover the world's largest cave for the ambassadors of the Czech Republic, Argentina, Sweden, Britain, Italy, Australia, and the UNESCO Ambassador to in Vietnam. The trip will also have the participation of the US Assistant Secretary of State,… chat_bubble_outline Read More...
Expectations of poor robusta coffee crops could spur price rally
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Vietnam’s specialties famous only in Vietnam
Vietnam’s specialties, from farm produce to handicrafts, are not likely to succeed in the international market despite protected geographical indication. Foreign tourists visit a fishsauce processing establishment in Phu Quoc. “I once attended a meeting held on the other side of the hemisphere. The organization board told the participants that the coffee served at the meeting was from Vietnam. All participants agreed the coffee was tasty. However, the coffee bears a Swiss brand – Nestle,”… chat_bubble_outline Read More...