The leather-footwear industry is among the key export sectors attracting M&As in recent years (Photo: VNA)
HCM City (VNA) - Several of Vietnam’s key
export sectors, such as textile-garment, leather-footwear, and electronics have
become magnets for merger and acquisition (M&As) activities, posing a risk
of leading enterprises in those sectors being purchased by foreign investors.
An advantage of Vietnam’s textile-garment
industry is low labour costs, and it was also identified as one of six sectors on
a list of supporting industry products prioritised for development.
The country has become the “footwear factory” of
the world, while the domestic market boasts a population of more than 96
Vietnam Expo 2021 connects more than 300 firms thestar.com.my - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from thestar.com.my Daily Mail and Mail on Sunday newspapers.
Last year, the city received 6.1 billion USD in remittances, up 15 percent against 2019.
Illustrative image (Source: VNA)
The exchange rate between the VND and the US dollar has been stable in recent times, so recipients tend to sell them to credit institutions.
Several banks use remittance payment technology and offer services to change foreign currencies into VND for savings at a high interest rate.
Over recent years, remittances have come not only in the form of savings but also in securities, real estate, share purchases, or business establishment.
Banks have also enhanced the use of technology and offered promotions to attract more customers. For example, Sacombank has cooperated with partners in the US, Australia, Europe, Japan, and Taiwan (China), and adopted API technology allowing quick payments around the clock. Recipients can receive their remittances in no more than a minute./.
Workers produce electronic components (Photo: VNA)
Hanoi (VNA) - Vietnam and Turkey held the “Business-to-Business
(B2B) Matching Webinar on Products for Supporting Industries 2021” on April 9, aiming
to introduce the potential of
Vietnamese electronics and mechanics manufacturers
to major Turkish importers.
The event was organised by the Ministry of Industry and Trade’s Vietnam
Trade Promotion Agency (Vietrade) and Asia-African Market Department, as well
as the Embassy of Vietnam in
Among attendees were representatives from Arcelik A.S, a Turkish
multinational household appliance manufacturer that is looking to stay ahead in
the Asia-Pacific market.
In her opening remarks, Deputy Director of Vietrade’s export support
Saturday, April 10, 2021, 09:01 GMT+7
Models are showcasing ao dai (Vietnamese traditional costume) at an event titled Our Ao Dai at Hanoi s Temple of Literature on April 9, 2021. Phot: mai Thuong / Tuoi Tre
Check out news you should not miss today:
Society Vietnam on Tuesday afternoon reported 14 new imported cases of COVID-19, increasing the country’s tally to 2,683 with 2,429 recoveries, according to the Ministry of Health. Police in the Mekong Delta province of Tien Giang on Friday confirmed they had arrested four suspects related to the murder of a woman in Cai Lay District, including a director at the district’s general hospital.