The European Union (EU)’s Carbon Border Adjustment Mechanism (CBAM), which is set to take effect in 2024, will impact production and trade activities of Vietnamese manufacturers, especially in high carbon emission industries like iron and steel, aluminium and cement, as well as the whole economy, said experts.
VOV.VN - A senior leader of Samsung Electronics has unveiled the group’s plan to turn Vietnam into not only a global manufacturing base but a centre of research and development centres globally, and the idea has been welcomed by the Vietnamese Prime Minister.
VOV.VN - Since the beginning of the year Japanese manufacturers and retailers have continuously unveiled plans to expand their investment in Vietnam, while foreign direct investment (FDI) inflows from the East Asian country to the country during the opening two months of the year reached nearly US$146 million.
After having shown signs of recovery in the previous month, the Vietnamese manufacturing sector took a step back in March, according to S&P Global - the world’s foremost provider of credit ratings, benchmarks and analytics in the global capital and commodity markets.
Vice chairman of the northern province of Cao Bang Nguyen Trung Thao has suggested companies from the locality and the city of Baise in Guangxi Autonomous Region of China prioritise capital to potential sectors such as logistics, processing-manufacturing, and high technology.
Faced with a slump in export orders, woodworking firms have been striving to stay afloat in various ways.
Textile and garment businesses in Vietnam are taking steps to switch to green production to meet partners’ demand and achieve sustainable development, the Cong Thuong (Industry & Trade) newspaper reported.
Vietnam’s trade with 11 other major Asian markets could rise significantly in value by 2030, according to an industry study released by UPS.
VOV.VN - The Vietnam Industrial and Manufacturing Fair (VIMF) 2023 is expected to take place in the southern province of Binh Duong and the northern province of Bac Ninh from June 21 to 23 and from November 8 to 11, respectively.
The fifth edition of the Denimsandjeans Vietnam Show opened in Ho Chi Minh City on March 1 with the participation of many big denim manufacturers from more than 10 countries.