It is important that Vietnam takes action now to maintain its regional and global competitiveness, and not lag in economic recovery, leading foreign business associations have claimed.
A fast vaccination roll-out will help Vietnam quickly re-open up its economy after the novel pandemic.
Textile, apparel and footwear factories in Vietnam has invested $37 million in resource efficiency measures to help them save $30 million in water, energy, and chemical operating costs annually.
Nicolas Audier, co-chairman of the European Chamber of Commerce in Vietnam (EuroCham), said that the trade pact will benefit not only companies and consumers, but also the welfare, wages and living standards of millions of people in Vietnam.
The strong commitment to an open, fair and rules-based trade of the EVFTA will further widen export markets for Vietnam, especially in textile and garment, agriculture and fishery, and wood furniture, says HSBC Vietnam CEO Pham Hong Hai.
Hoang Quan Mekong company and Ty Bach company has entered into an $8.2 million land rental contract in which the former has subleased 18.2 hectares in Binh Minh industrial park to the latter to construct an export-oriented footwear factory.
Hoàng Quân Mê Kông đã cho công ty Tỷ Bách thuê lại khu đất có tổng diện tích là 18,2ha tại khu công nghiệp Bình Minh - Vĩnh Long, để doanh nghiệp này tiến hành xây dựng nhà máy sản xuất giày xuất khẩu. Giá trị hợp đồng lên đến hơn 190 tỷ đồng.
A pair of Nike shoes are priced at more than $100, even $300, but the Vietnamese share is less than $10.
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