Vietnamese fashion, furniture, household goods expected to join int’l distribution system
Vietnamese businesses should improve their competitiveness and access markets effectively to bring their fashion, furniture and household goods into the international distribution system as the demand for such products is showing rosy signs, experts said at an international workshop in Ho Chi Minh City on June 6.
HCM City (VNA) – Vietnamese businesses should improve their competitiveness and access markets effectively to bring their fashion, furniture and household goods into the international distribution system as the demand for such products is showing rosy signs, experts said at an international workshop in Ho Chi Minh City on June 6.
Ta Hoang Linh, Director of the European-American Market Department under the Ministry of Industry and Trade (MoIT), said the group’s export revenue has grown impressively over the past years, significantly contributing to the country’s total export value.
However, he said, intrinsic limitations and stringent regulations set by importers are posing marked challenges to Vietnamese firms, suggesting them catch up with the trend of green, sustainable economy, stay updated on consumer preferences, and work out clear strategies on developing new products.
According to Director of the HCM City Investment and Trade Promotion Centre (ITPC) Tran Phu Lu, Vietnamese fashion, furniture and household goods hold export advantages, especially in terms of product quality. However, finance and personnel limitations have made it hard for domestic enterprises to compete with big brands in the world.
He suggested them optimise digital transformation in production, closely coordinate with suppliers, put forth flexible production and management plans, and keep a close watch on market changes.
Tran Nhu Tung, Vice Chairman of the Vietnam Textile and Apparel Association (VITAS), said partners have asked Vietnamese factories to use clean energy, make commitments and take specific actions in shifting to sustainable production.
▨ Given the fierce competition, he advised domestic enterprises to invest more in machinery and equipment to raise productivity and quality, while diversifying products and markets./.
Ambassador to Italy Duong Hai Hung has congratulated Vietnamese enterprises - the Ho Chi Minh City Investment and Trade Promotion Centre (ITPC) and the Handicraft and Wood Industry Association of HCM City (HAWA) - for their initial success in showcasing Vietnamese products in Milan Design Week in Italy - a design & brand arena of furniture businesses around the world.
A recent Green Fashion Exhibition in London featured a sustainable fashion collection by Vietnamese designer Lan Huong, with clothing made with 100% ramie yarn which is biodegradable and can be reused and recycled.
The export value of timber and wood products in Vietnam is estimated to reach over 6 billion USD in the first five months of this year, an increase of 18% over the same period last year, according to General Department of Vietnam Customs.
Vietnamese Ambassador to Cambodia Nguyen Minh Vu led a delegation to Mondulkiri, Ratanakiri, and Kratie provinces from August 5-8, aiming to deepen economic ties and support Vietnamese businesses operating in Cambodia’s northeastern region.
Party General Secretary To Lam’s upcoming state visit to the Republic of Korea (RoK) is expected to mark a new milestone in the bilateral relationship, creating fresh momentum for trade and investment cooperation between the two countries.
In the context of the growing global digital economy, digital transformation and the promotion of e-commerce are key drivers helping Vietnam boost integration, enhance competitiveness, and expand export markets, according to the Vietnam E-commerce and Digital Economy Agency
Tilapia is considered highly competitive in export markets thanks to its affordability, ease of processing, and appeal across both high-end and mass-market segments.
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.
Under the agreements, VinEnergo will invest in, install, and operate 43 MWp of rooftop solar power capacity and 45 MWh of BESS capacity across the three plants.
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.
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.
Of the total, 107,700 were new firms, with combined registered capital of 928.4 trillion VND (35.4 billion USD), up 10.6% in number and 5.5% in capital compared with the same period last year.
Experts agree that a combination of technology, enforcement, education and cross-border cooperation is essential to protect copyrighted content in Vietnam’s growing digital ecosystem.
Poland is Vietnam’s largest export market in Central and Eastern Europe, with key staples including seafood, textiles, footwear, coffee, and cashew nuts.
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.
A draft resolution on piloting a digital asset and cryptocurrency market is being developed, aiming to create a broad-enough regulatory sandbox that enables investor participation and provides practical grounds for policy refinement in areas such as risk management and anti-money laundering.
Viettel was ranked third for overall mobile performance with a score of 82.56 just behind UEA’s e& (88.05) and Quatar’s Ooredoo (87.05) and ahead of Singapore’s Singtel (82.53). Vinaphone took second in 5G speed with a score of 78.11, trailing only behind e&.
