Articles worth reading
Image : Iran says 11 tonnes of heavy water sent to Oman

Iran says 11 tonnes of heavy water sent to Oman

person Orange Themes access_time Nov 22,2016

Iran said on Tuesday it had sent 11 metric tonnes of heavy water to Oman as part of its obligations under last year's nuclear deal with world powers. Ali Akbar Salehi, head of Iran's Atomic Energy Organisation, said the heavy water has been sold to

Image : U.S.'s Kerry seeks to reassure European banks on Iran trade

U.S.'s Kerry seeks to reassure European banks on Iran trade

person Orange Themes access_time May 12,2016


European banks should not fear retaliation from the United States for resuming legitimate trade ties with Iran, U.S. Secretary of State John Kerry told a meeting of senior bank executives in London on Thursday.

Image : No price tag, end date for FAA's air traffic control plan

No price tag, end date for FAA's air traffic control plan

person Orange Themes access_time Nov 16,2016

The Federal Aviation Administration has little to show for a decade of work on modernizing air traffic control, and faces barriers and billions more in spending to realize its full benefits, says a report ...

Latest blog articles

Vietnam’s footwear industry threatened by automation

access_time Apr 20,2017 chat_bubble_outline 38 views
After five years of implementing a master plan on the footwear industry by 2020, Vietnam still mostly does outsourcing for foreign partners. 


Vietnam’s footwear industry threatened by automation




The HCMC Industry & Trade Department, the Vietnam Leather, Footwear and Handbag Association (Lefaso) and the Shoe & Leather Association of HCMC last week sat together to review the five-year development of the footwear industry by 2020 and prepare for the next 10-year stage.
Vietnam strives to obtain export turnover of $24-26 billion by 2020, $35-38 billion by 2025 and $50-60 billion by 2035 with export turnover growth rate of 10-11 percent per annum in 2016-2020.
Lefaso predicted that the output would increase by 5 percent this year, while the export turnover would increase by 10 percent to $18 billion compared with 2016.
In general, basic goals set in the master plan have been achieved. The fulfillment of the state-owned enterprise equitization plan, plus cooperation among economic sectors all have helped enterprises in the industry develop well. Manufacturers have built many new large-scale factories with modern technologies which improve productivity.
By the end of 2016, Vietnam was listed among the top four footwear manufacturers in the world. It ranks fourth in the world, after China, India and Brazil in terms of export volume, but ranks third in value, after China and Italy.
After five years of implementing a master plan on the footwear industry by 2020, Vietnam still mostly does outsourcing for foreign partners. 


Vietnam’s footwear products have reached 50 countries. Footwear remains a key industry of Vietnam which helps create jobs and improve people’s income. 
In 2016, footwear manufacturers exported $16.2 billion worth of products, which accounted for 9.2 percent of total export turnover, an increase of 8.8 percent over 2015. Foreign invested enterprises made up 81 percent of the industry’s total export turnover.
However, as Nguyen Manh Khoi, deputy head of the Footwear Research Institute, pointed out, Vietnam still does the outsourcing for foreign partners, while it cannot make products of its own and export products under its brands.
Vietnamese enterprises always strive to export products under FOB mode, but they have been facing too many difficulties in production: they have to import input materials; their brands are unknown in the world market.
The modest locally-made content ratio of 35-40 percent, lower than the targeted 60-65 percent, has been cited as a failure of implementation of the footwear industry development plan.
According to Diep Thanh Kiet from Lefaso, in making sports shoes, Vietnamese enterprises can only undertake some work, including cutting, sewing and trimming. 
By the time Vietnamese enterprises make six pairs of shoes, foreign invested enterprises will be making the 15th pair of shoes, thanks to automation.


RELATED NEWS

Vietnam's footwear export nears $60 billion in 6 years

Leather, footwear firms move to seize opportunities from FTAs


Mai Chi

Haas gets in the mix at rain-delayed PGA Tour opener

NAPA, Calif. (AP) — Bill Haas isn't sure how he wound up in the group in place of Tiger Woods at the Safeway Open. He just considered it a treat to be able to watch the exploits of Phil Mickelson and the rhythmic swing of defending Emiliano Grillo.And they were able to watch Haas post the lowest score.Haas made it through the tough conditions brought on my rain Friday morning and posted a 2-under 70 that at least got him into the mix going into the weekend of the PGA Tour season opener at… chat_bubble_outline Read More...

Track of the Day: ‘This Land Is Your Land’ by Sharon Jones & The Dap-Kings

A funk/soul rendition of Woody Guthrie’s legendary folk song:But it comes to us bittersweet; Sharon Jones died Friday night of pancreatic cancer at the age of 60. I caught wind of her death while catching up with the weekend postings of the Atlantic reader group known as TAD. As one reader put it: What a badass. Like Candye Kane [the blues singer], she fought it right up to the end and going out the way she wanted to go. Fuck cancer. Another adds, “While I was saddened to hear of her passing,… chat_bubble_outline Read More...

Indonesian police plane with 15 on board goes missing

By Agustinus Beo Da CostaJAKARTA (Reuters) - A twin-engine Indonesian police plane went missing on Saturday with 15 people on board en route to the island of Batam, south of Singapore, police and rescue authorities said, as search teams scoured the area.The plane, which took off from Pangkal Pinang on the island of Bangka at around 9.30 a.m. is thought to have crashed between the islands of Mensanak and Sebangka or Gentar, a police report seen by Reuters said.A search team recovered items… chat_bubble_outline Read More...

Germany to elect 'anti-Trump' Steinmeier as new president

Berlin (AFP) - Billed as Germany's "anti-Trump", the centre-left former foreign minister Frank-Walter Steinmeier is Sunday set to be elected as the new ceremonial head of state.The 61-year-old, who regularly polls as Germany's most popular politician, will represent the EU's top economy abroad and act as a kind of moral arbiter for the nation.For the Social Democrats (SPD), his appointment raises the party's profile just as its candidate Martin Schulz, the former European parliament president,… chat_bubble_outline Read More...

Mathews smashes sixes as Sri Lanka levels series vs SAfrica

JOHANNESBURG (AP) — Angelo Mathews smashed two sixes in the final over to keep the Twenty20 series alive as Sri Lanka beat hosts South Africa by three wickets on Sunday.After dismissing South Africa for 113 in 19.3 overs, Sri Lanka scored 119-7 to win the second T20 international with two balls to spare and level the three-match series at 1-1.South Africa won the toss, chose to bat and was reduced to 13-2 by the fourth over with the dismissals of opener JJ Smuts (4) and Theunis de Bruyn (7) at… chat_bubble_outline Read More...

folder_open Assigned tags

Comments

Loading...

Trends in Singapore

Trends in Indonesia

Trends in Philippin