Search Results for: Vietnamese

THE IMPOVERISHED south-east Asian kingdom of Cambodia shares porous borders with the significantly more dynamic economies of Thailand and Vietnam, is notorious for corruption, has a large casino sector and generates significant earnings from illegal exports.

This precarious mixture of factors has since 2012 consecutively earned Cambodia a spot in the Basel Anti-Money Laundering (AML) Index (from the Basel Institute on Governance) top-10 risk jurisdictions for money laundering.…

MOST of East Asia’s dynamic economies have traditionally relied on expats and there are no readily discernible signs that this is decreasing.

In Vietnam, which has been benefitting from production lines migrating from China amid rapidly rising labour and land costs there, increasing the number of expats six-fold since 2004 to almost 100,000 in 2016, the shortage of engineers and managers can be seen throughout most sectors.…

VIETNAM is taking a more active role in helping neighbouring Laos raise the quality of its workforce skills. The two countries have close political ties and similar levels of development, with the World Bank saying Laos had USD2,150 gross national income per capita in 2016, and Vietnam – USD2,050.…

THE EUROPEAN Union (EU)-Vietnam Free Trade Agreement (FTA), on which negotiations concluded December 2, 2015, will open up “huge business opportunities” for Vietnamese garment companies, business experts agreed earlier this month at an event jointly organised by EU business federation BusinessEurope, EuroCham [European Chamber of Commerce] Vietnam and the EU-Vietnam Business Network.…

AS the growth in Vietnam’s middle class generates wealthier and more educated consumers in this country with a population of 95 million, growing domestic demand for locally-produced fabrics is pushing the country’s textile industry away from focusing entirely on exports.

While demand for inexpensive, imported clothing still exists in Vietnam, even cost-conscious consumers are beginning to seek out new styles and better quality in their fashion purchases, market traders have told WTiN.com.…

SOUTH east Asia’s countries are as culturally diverse as those in Europe, and far more contrasting in economic development, so it is no surprise that their personal care product markets differ in their tastes and priorities. Fortunately, with the region’s largely emerging market economies still on a robust growth trajectory, and its more developed economies solidifying their wealth, the usual personal care product sale trend is one of expansion, albeit unevenly and sometimes with set-backs.…

THE VIETNAMESE government has said it wants to shift the country’s clothing manufacturing sector from its current low-cost model to an added value sector that includes design and branding.

Vietnam’s Prime Minister Nguyễn Xuân Phúc is behind the change in direction, releasing a government decision signalling this formal policy change, although details of specific actions are still awaited.…

IN east Asia’s complex ethnic mix of peoples, the need to avoid racial discrimination which may undermine social stability is understood clearly by governments and businesses. And while experts agree that progress is being made is tackling this potentially corrosive personnel problem, more certainly could be done.…

WITH the Asia-Pacific continuing to be the hub of global industrial growth and also a nexus of technological innovation, the region’s non-wovens sector has been making the most of these benefits, increasing both output and quality.

The Chinese nonwoven fabric sector, for instance, has been growing steadily, with 8-10% year-on-year growth in recent years, surpassing the average growth rate of the country’s entire textile industry.…

There is no sign that Taiwanese textile investors will rethink their commitment to Vietnam six months after US President Donald Trump pulled America out of the Trans-Pacific Partnership (TPP) trade agreement that would have greatly boosted Vietnamese garment exports to the USA.…