link ae888

Sustainability key to cotton production growth: Experts

Sustainable cotton production will drive continuous improvement of the garment and textile industry's key indicators for sustainable development, according to experts.
Sustainability key to cotton production growth: Experts ảnh 1Illustrative image (Source: VNA)
HCM City (VNA) - Sustainable cotton production will drive continuous improvement of the garment and textile industry's key indicators for sustainable development, according to experts.

At Cotton Day Vietnam 2022 held in Ho Chi Minh City on October 4, experts held that among the new trends of the garment and textile sector, verified data and supply chain transparency are the top factors that enhance the competitiveness of products.

President of Cotton USA (CCI) Carlos Garcia said that Vietnam is the second largest cotton importer of the US and also an important source of supply of the material.

President of the Vietnam Textile and Apparel Association (VITAS) Vu Duc Giang said that this year, Vietnam aims for 42-43 billion USD in garment and textile exports. To this end, the sector has paid great attention to material supply sources and regulations on origin in import markets, he said.

Giang underlined that Vietnamese enterprises are in need of information on the cotton material sources as well as market forecast report for the 2023-2024 period.

A CCI representative said in the coming time, more and more global brands and retailers will require cotton products imported to the US and EU to be sustainable and in a transparent supply chain that is verified to be free of forced labour.

At the event, US experts, suppliers and producers also shared information and market trends and ideas to optimise cooperation opportunities between Vietnam’s garment and textile sector and the US cotton industry.

Benjamin Petlock, Senior Agricultural Attaché at the US Consulate General in Ho Chi Minh City, said that the breakthrough growth in Vietnam's garment and textile exports has made the country a promising market for multinational material suppliers. Meanwhile, changes seen in the sector recently has proved the timely adaptation and flexibility of the industry, he added.

He affirmed that Vietnam is an important destination for US farm produce and cotton in particular, adding that the US hopes to promote bilateral cooperation in this field./.
VNA

See more

A motorbike production line of Honda Vietnam — a Japanese company located in Phu Tho province. (Photo: VNA)

ඣ Phu Tho emerges as FDI magnet following mergence

In the first seven months of the year, Phu Tho attracted an impressive 651.7 million USD in foreign direct investment, including 35 newly licensed projects totaling 119 million USD in registered capital and 45 existing projects with an additional capital of 533 million USD.
Infraction levels will correspond to fines of 1-80 million VND, depending on the nature and number of invoicing violations. (Photo: vietnamfinance.vn)

ꦐ Maximum fine of 3,000 USD proposed for violating invoice regulations

Under a draft to amend and supplement the Government's Decree 125/2020/ND-CP on administrative sanctions for violations of tax and invoice regulations, the Ministry of Finance has proposed classifying the failure to issue invoices into five different levels. Infraction levels will correspond to fines of 1 million VND to 80 million VND, depending on the nature and number of invoicing violations.
At the strategic partnership signing ceremony between Sun PhuQuoc Airways and Amadeus. (Photo: Sun Group)

🃏 Sun PhuQuoc Airways enters strategic partnership with Amadeus to build a five-star aviation technology ecosystem

A new airline developed and invested by Sun Group — has officially announced a strategic partnership with Amadeus IT Group (Amadeus), one of the world’s leading travel technology companies. This agreement not only lays the foundation for a modern digital infrastructure but also marks a pivotal step in SPA’s global expansion strategy, enabling the airline to access international distribution networks and reach customers worldwide.
A local resident makes a bank transfer using the Momo app. (Photo: VNA)

𒆙 Banks accelerate digitalisation, non-cash payments

Cashless payments are growing at an impressive rate, averaging 30–40% annually. Vietnam’s per capita cashless transaction volume now trails only China, with total value of 295.2 quadrillion VND (11.26 trillion USD), or 26 times of its GDP.
{dagathomo tructiep hôm nay}|{link ae888 city 165}|{dá gà thomo}|{trực tiếp đá gà thomo hom nay}|{sbobet asian handicap}|