Local suppliers of overseas fashion brands may have a bumpy road ahead as materials from China have been blocked due to COVID-19.
Politburo member and Chairman of the Party Central Committee’s Economic Commission Nguyen Van Binh received President of Warburg Pincus Timothy Geithner and Vice President of Nike Chris Helzer in Hanoi on December 17.
The Vietnamese Government is willing to create favourable conditions for Nike to operate in the long run in Vietnam, Deputy Prime Minister Vuong Dinh Hue said while receiving Nike Vice President Chris Helzer in Hanoi on December 17.
Products from well-known US brands like Sephora, Victoria's Secret, Lacoste, Nike, Adidas and Coach will be shipped to Vietnamese customers more quickly and conveniently than ever.
Global footwear brands like Adidas, Nike and Puma are increasingly turning to Vietnam for their manufacturing needs due to its affordable labour costs and free trade agreements.
In the face of potential US tariffs on Chinese-made shoes, numerous world-famous shoe and handbag manufacturers are mulling over shifting sourcing to Vietnam.
Skechers USA, a major footwear maker based in California, is studying a plan to invest in Vietnam in a project that probably needs 20,000 workers. The project marks a good start for the local footwear industry after a slowdown in 2017.
Vietnam has enjoyed strong economic growth in the past decade and become one of the most effective economies in Southeast Asia, online versions of the French financial La Tribute and Les Echos Investir magazines wrote on December 28.
According to the results released on June 19 of the annual Asia’s Top 1000 Brands survey, the 11 Vietnamese brands featured last year remained this year, although most of them slipped down the ranking.
Nike and Adidas are willing to pay 10%-17% of their profits for their marketing campaigns. Will Vietnamese businesses do the same?
In anticipation of the Trans-Pacific Partnership tariff slashes, and due to the rising costs of production in China, Vietnam has become a hotspot for investment by foreign footwear manufacturers.
Vietnam is a big footwear exporter, but many Vietnamese do not wear domestically made shoes.
Foreign companies continued to dominate the list of best employers in Vietnam, but more local firms successfully improved their workplace environment last year, a new survey found.
The Trans-Pacific Partnership (TPP) agreement has enthused garment producer Phong Phu since it is expected to bring more export opportunities, especially in the big markets of the US, Japan and Australia.
Prime Minister Nguyen Tan Dung has affirmed his support for cooperation between the US’s Oregon State government and Vietnamese ministries and agencies, especially in areas of strength and with high demand.
The Ministry of Foreign Affairs welcomes the Vietnam-Oregon US initiative to forge ahead with bilateral cooperation in politics, economics-trade-investment, education-training, agriculture-urban planning-environment, tourism and people-to-people exchanges, said Deputy Minister Ha Kim Ngoc.
The Vietnam Foreign Ministry and the US state of Oregon signed a letter of intent in Hanoi on October 19.
The domestic handbag industry must increase investment and quality to meet the rising demand from importers under new bilateral and multilateral trade agreements, an industry official has said.
A series of foreign direct investment projects in the garment sector will be started in the central region of Vietnam over the next months.
(VOV) - A Korean business has decided to invest VND20 billion in the development of a high-quality rice cultivation area in the southwestern province of Tay Ninh.