The Vietnamese garment and textile sector is carrying out various measures to bolster production and business activities amidst formidable challenges posed by falling demand, high inventory, and geopolitical instability in several countries, according to insiders.

Vietnam has solidified its position as the most attractive investment destination for Taiwanese companies in Southeast Asia and globally, Deputy Minister of Planning and Investment Tran Duy Dong told the Vietnam-Taiwan business forum in Hanoi on April 8.

Deputy Prime Minister Tran Luu Quang has proposed US consumer goods giant P&G consider expanding its partnership with Vietnam and facilitating the entry of Vietnamese firms into its global supply chain.

Vietnamese businesses operating in agriculture will attend the Agricultural Supply Chain Asia conference (ASCA) co-hosted by the US Grains Council, the US Wheat Associates, and the US Soybean Export Council from March 18 – 20, according to the Vietnam Business Council for Sustainable Development (VBCSD) under the Vietnam Chamber of Commerce and Industry (VCCI).

Domestic enterprises are suggested taking advantage of global supply chain shifts as Vietnam is emerging as an attractive investment destination for global investors.

VOV.VN - The semiconductor industry is expected to open up opportunities for Vietnamese businesses to step into the most modern and fundamental playground in the digital transformation process.

Vietnam’s manufacturing sector displayed signs of improvement in January 2024, ending a five-month falling streak, as the S&P Global Manufacturing Purchasing Managers’ Index (PMI) rose to 50.3 from December’s 48.9.

VOV.VN - It remains imperative to devise solutions to effectively exploit new growth drivers such as promoting the digital economy, the green economy, the circular economy, and innovation, whilst also creating jobs and livelihoods for people, along with dealing with production chain breaks and engaging in more deeply in the global supply chain.

VOV.VN - Vietnam is the second largest exporter of footwear in the world, with its estimated export volume accounting for 10% of the world’s market share.

VOV.VN - Vietnam is one of the several leading countries that can benefit from the CHIPS and Science Act of the United States with large funds to be allocated, reported Nikkei Asia quoting Jose Fernandez, US undersecretary of state for economic growth, energy and the environment.