Illustrative image. (Source: VNA)
The positive results were attributed to early post-pandemic recovery of markets.
However, Chairman of Chairman of the Vietnam National Textile and Garment Group (Vinatex) Le Tien Truong, said businesses are facing new challenges due to severe impacts of the fourth wave of COVID-19 outbreaks, which started from late April in the country.
According to Chairman of the Vietnam Textile and Apparel Association (VITAS) Vu Duc Giang, Vietnam set to earn 39 billion USD from garment and textile exports in 2021.
To realise the target, businesses need to proactively seek sources of raw materials for domestic production in order to take advantage of opportunities from new-generation free trade agreements that Vietnam has joined.
Businesses need to promote chain-based production and have specific measures to expand markets, thus further pushing exports, Giang suggested.
Representatives from other garment and textile companies said businesses should pay attention to moderlising production equipment, expanding production and improving workers' capacity, thus meeting high quality orders and demanding requirements of importers.
Electricity prices to be reduced for customers affected by pandemic
EVN will cut electricity prices by 15% (before VAT) for consumers consuming less than 200kWh per month. (Photo: nhandan.com.vn)
The Prime Minister on July 31 agreed with the proposal of the Ministry of Industry and Trade (MoIT) on the fourth phase of electricity price reduction for certain customers affected by the COVID-19 pandemic, reported Nhan Dan News.
The MoIT and the Vietnam Electricity Group (EVN) proposed the PM reduce electricity bills for living purposes of customers in provinces and cities that are applying social distancing order according to the Government Directive 16.
Accordingly, EVN will cut electricity prices by 15% (before VAT) for consumers consuming less than 200kWh per month and by 10% (before VAT) for those consuming over 200kWh per month.
The price reduction will be applied in two months and will include the August and September electricity bill periods.
In addition, the beneficiaries also include quarantine facilities which do not collect quarantine costs or collect part of the quarantine costs.
These facilities will receive 100% reductions on electricity bills in the seven months from June to December 2021.
FPT Software invests in a technology company in Latin America
Intertec International's office in Costa Rica. (Photo coutesy of FPT)
FPT Software has announced an investment in Global IT service provider Intertec International (Intertec), aiming to advance its efforts to provide solutions, technology services and digital transformation in the Latin American market, reported Vietnam News Agency.
This investment is aligned with the strategic direction of FPT, which is intended to optimise the efficiency of combining resources of its service centres in the US and ones in neighbouring markets.
Pursuant to the investment agreement, FPT Software is entitled to access and allocate resources of Intertec's 2 service centres in Costa Rica and Colombia.
This deal also enables FPT Software to tap into Intertec’s wealth of operational experience in Latin America (LATAM). On this account, FPT Software would be able to expand business opportunities in the US and LATAM, and address increasing demand in these two markets.
With this cooperation, Intertec International will also gain competitive advantages from the resonance of FPT Software's resources, including platforms, infrastructure, and proprietary technology developed by FPT Software, with a network of 22 service centres worldwide./.