GARMENT EXPORTS SLUMP IN FIRST QUARTER
Textile and garment export value in the first quarter of 2023 reached US$7.1 billion, down 17 per cent compared to the same period in 2022, due to the impact of global inflation, according to the General Statistics Office (GSO).
POLICIES NEEDED TO BOOST PRODUCTION LINKAGE, LOCALISATION RATE: INSIDERS
Policies are needed to boost the number of domestic enterprises participating in the supply chain of multinational companies, and a boost is necessary in the localisation rate of the processing and manufacturing industry, which now remain modest, insiders said.
VIETNAM’S DIGITAL ECONOMY SETS HIGH GROWTH Q1
According to the ministry’s report, revenue of the industry in March was estimated to hit $14.15 billion), up 30 per cent on-month, thus increasing its total revenue to $23.85 billion in the first quarter, down 3 per cent on-year, and meeting 20 per cent of the yearly target.
RETAIL ENERGY PRICING IN PLANNING
The Ministry of Industry and Trade (MoIT) was tasked with completing the plan to modify the average retail price of electricity and submitting it to the government in accordance with the March resolution by the government at the monthly meeting.
ENHANCING APPEAL OF ECONOMIC AND INDUSTRIAL ZONES
Binh Dinh province defines that developing industrial zones and economic zones is one of the new engines of growth and development. In order to attract investment capital and develop economic zones and industrial zones, the province has created many competitive advantages thanks to the open investment environment, simple and streamlined administrative procedures.
MAJOR INVESTMENT RECIPIENT IN SOUTHERN CENTRAL COAST
With available local advantages, good infrastructure preparations in industrial zones, smooth traffic connectivity and abundant human resources, Binh Dinh province is considered a top destination for companies and investors.
VIETNAM TENDERS DAILY- APRIL 6, 2023
1. Consumable materials supply
2. Materials, transport equipment supply
3. Anti-corrosion metal beads supply
4. Metal materials and bearings supply
5. Battery system supply and installation
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STEEL INDUSTRY AWAITS INDICATION OF PROGRESS
The steel sector across Vietnam continues to face a variety of challenges to its growth prospects from multiple angles. The deputy general manager of China’s SUMEC International Technology Co., Ltd., Luan Shorden, arrived in Hanoi 10 days ago to discuss the possibility of selling raw steel.
