Vietnam ranked among best countries in world
20 best countries in the world have been voted by readers of Condé Nast Traveler magazine, in which Vietnam made 10th position on the list.
“From European classics that crop up on the list of the best countries in the world again and again - Italy, Portugal, Croatia - to further-flung places that keep drawing travelers in - Vietnam, Colombia, Tanzania - these are the best countries in the world according to the readers of Condé Nast Traveller,” the magazine said.
Hoi An ancient town (Photo: vnexpress.net)
According to Conde Nast Traveler, this is the best time to visit Vietnam. It suggested travelers should visit Ho Chi Minh city if they search for a “fashionable city break”. Or they should visit Da Nang and Hoi An if wishing to enjoy incredible spas.
The S-shaped country gained a score of 90.46, a percentage representing overall average levels of satisfaction.
Indonesia appeared first on the list with a 92.78 score. Other countries that made the list are Thailand, Portugal, Sri Lanka, South Africa, Peru, Greece, the Philippines and Italy./.
Vietnam selected as first investment spot in Southeast Asia
Vietnam have been chosen as the first investment spot in the Southeast Asian region by over 70% of firms from Hong Kong (China) to open factories.
The information was released in a recent survey by Hong Kong Productivity Council (HKPC).
Photo for illustration (Source: baovinhphuc.com.vn)
According to the respondents, the next countries are Cambodia and Myanmar, and adding that their first consideration when choosing places to put their production lines or factories is political stability, followed by tax incentives and operation costs.
The survey shows that most Hong Kong firms plan to produce electronic products, garment-textile and toys in Vietnam./.
Textile and garments sector likely to hit 40 billion USD in exports in 2019
The export turnover of Vietnam’s textile and garment sector was likely to reach its target of 40 billion USD in 2019 despite facing difficulties in some markets.
The information was released by managing director of the Vietnam National Garment and Textile Group (Vinatex) Cao Huu Hieu, after the sector reported export revenue of 29.3 billion USD in the first nine months of the year.
Photo for illustration (Source: nhadautu.vn)
According to Hieu, the result was due to the industry's efforts to overcome difficult global economic conditions. To achieve this figure, solutions had been implemented synchronously to remove difficulties, especially input prices which had dropped sharply due to the impacts of the trade war.
With new-generation free trade agreements (FTAs) such as the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) and the EU-Vietnam free trade agreement (EVFTA) which took effect this year, Vietnamese businesses will need to make efforts to take advantage of the preferences they offer.
Technology application is consider as a key factor to help Vietnam’s textile and garment industry to promote its business and expand its markets.
He said in the fashion industry, creativity was very important, so there are stages that machinery cannot replace humans.
The managing director added that the domestic market is expected to earn 9 billion USD this year, so it's a massive sector. Besides, top global brands have already invested here, and Japan's Uniqlo will be arriving in 2020.
Under such pressure, he said the industry needed to find its own path for Vietnamese fashion to reach the domestic market.
In addition, many businesses have set up e-commerce systems deals or invested in their own online sales services to increase domestic market share.
Economic experts said that Vietnam’s accession to a series of FTAs had increased the openness of the domestic market by 200 percent. Along with efforts to improve domestic market share, authorities needed to create favourable conditions for enterprises to restructure, especially when it came to raising capital, expanding production, and improving technology and management to compete with foreign brands./.