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Vietnam – first choice of many industrial sectors: Forbes

For many industries, Vietnam has become their first choice in this manufacturing diaspora, said an article on Forbes recently.




In his article, WarrenShoulberg noted thatVietnam has always had a heritage for handcrafted products. One of theindustries in the forefront of the great Vietnam surge has been furniture.

In a video report on Vietnam by industry business publication Furniture Today,a good number of furniture producers talked about how they were rapidlydeveloping their Vietnam facilities. Wanek Furniture, which is affiliated withthe largest American supplier and retailer Ashley Home, said it has moved 50-70percent of its import mattress production out of China and into Vietnam in justthe recent past.

Man Wah, a large Chineseupholstery producer, said it had built a 2.5 million square feet factory inVietnam in just nine months and is rapidly shifting production to reflect thechanging trade situation. From zero, it now ships 1,100 containers a month fromVietnam, a rate it expects to increase to 2,000 a month by the end of the yearand eventually to 4,000 per month as it builds out production.

But furniture isn’t theonly industry were Vietnam is gaining market share. Sourcing Journal, an onlineindustry newsletter, reports that footwear imports from Vietnam are up 11.3percent year-to-date and the country’s share of the American market is now justover 26 percent./.VNA


Forbes lists most beautiful beach destinations in Vietnam

Forbes lists most beautiful beach destinations in Vietnam

Boasting some 2,000 miles of coastline plus a handful of renowned island destinations, Vietnam naturally has no shortage of beautiful beaches.  


Farmers save wild birds and the environment

Farmers in different provinces throughout Việt Nam have for years spent time and effort to save wild birds, giving them a home to nest and lay eggs.

Deputy PM highlights significance of int'l solidarity, cooperation at UN session

The strengthening of international solidarity and cooperation is key to addressing interlocking global challenges, affirmed Permanent Deputy PM Pham Binh Minh while addressing the general debate of the 77th Session of the UN General Assembly.

Huge potential for luxury real estate in Vietnam

The branded residence market is gaining a stronger foothold in the Vietnamese market with potential to further develop, shaping the lifestyle of the country’s elite, according to experts.


Action plan to promote green growth in agriculture

Vietnam’s economic growth counts on high-tech FDI

Vietnam’s economic growth has been accelerating in 2022, with experts considering high-tech foreign investments as a driver.

The “seven-star” islands in Quang Ninh

Along with crystal blue sea and beaches, the 7 Sao (seven star) islands also have caves and primeval forests.

Customs you only see in Vietnam

The travel site Culture Trip has listed a number of Vietnamese customs that often surprise foreign tourists:

Investors and buyers play waiting game in credit switch

The State Bank of Vietnam finally created extra credit room for some banks on September 7. However, the extension is deemed low and may not help real estate businesses and homebuyers access feasible capital sources for their projects.

Woodwork exports to EU, US drop as consumers cut spending

Many woodwork manufacturers complain that exports have been sliding as people in target markets have been tightening their purse strings.

Vietnam: new destination for multinationals to set up R&D centers

Vietnam wants to upgrade foreign direct investment (FDI) quality by manufacturing products with higher hi-tech and added value, and multinationals are also striving to do this after many years in Vietnam.

Huge real estate projects seek new investors

Many investors have quit large-scale investment projects capitalized at trillions of dong.


Work starts on Tan Van-Nhon Trach section of HCM City’s Ring Road No.3

Three Vietnamese airlines named among world’s best air services

Vietnam Airlines, Vietjet Air, and Bamboo Airways have been honoured in different categories by Skytrax, a UK-based site which ranks airlines and airports.

Vietnam Days Abroad 2022 to take place in Austria, India, RoK

Vietnam Days Abroad 2022 will be held in Austria, India, and the Republic of Korea (RoK) on the occasion of the anniversaries of diplomatic relations between Vietnam and these countries.

UN backs Vietnam’s development priorities: Secretary-General

The United Nations (UN) will continue paying attention to and support Vietnam's development priorities towards green and sustainable orientations, and just transition, especially in terms of financial access.