Photo for illustration (Source: VTV)

It was up 13 percent in volume and 50 percent in value against last year’s figures, Dau tu (Investment) newspaper reported.

Last year, the price of fiber rose by 25 percent compared to 2020. Of these, cotton experienced the highest growth, followed by polyviscose and polycotton. Many enterprises including the Ha Noi Textile and Garment Joint Stock Corporation (Hanosimex) have benefited from the fiber price hike.

Despite the outbreak of pandemic last year, Hanosimex’s subsidiaries still operated at full capacity. The corporation attributed it to the fact that they had received orders early and had been proactive in securing materials for their production, said the Vietnam News Agency.

Thanks to a rise in fiber price and good trading, the corporation’s revenue estimated to reach 897 billion VND (39.5 million USD) last year, representing 146 percent of the year’s target. It earned 675 million VND from exporting fiber, doubling that of 2020. The profit of Hanoisimex was 86.3 billion VND last year, seven times higher than the target of 12 million VND.

According to Nguyen Ngoc Binh from the Vietnam National Textile and Garment Group (Vinatex)’s production and business department, enterprises in the fiber industry have gained impressive achievements in terms of production, business and exports as they had taken the industry’s advantages.

He said that more than 50 percent of Vinatex’s profit came from the industry in 2021.

A Vinatex’s report showed that the corporation recorded more than 16.4 trillion VND in revenue last year, up 10 percent compared to the previous year and pre-tax profit doubling year-on-year to 1.2 trillion VND. 

The corporation has recovered to the same level as before the pandemic occurs. It has resulted from investment strategy on material that has been carried out over the five years, Binh said adding that in spite of the COVID-19 pandemic, two modern factories were put into operation by Vinatex in 2021 to meet the fiber demand for 2022.

With the resuming of production and supply chains as well as safely adaptation to COVID-19 pandemic measures, enterprises engaged in fiber manufacturing and exporting are having advantages at the beginning of this year.

Major companies namely Soi The Ky, Thien Nam, Phu Bai announced that they are fully booked for the first quarter and some customers like China and the Republic of Korea have pledged to maintain orders from Vietnamese suppliers in the long term.

Ho Le Tung, director general of Hanosimex, said that the corporation will tap the market opportunity in the beginning months of 2022 to contribute to 50 percent of the estimated profit of 70 billion VND.

Vietnamese market in fifth place for shrimp exports to US in 2021

Vietnam ranked fifth in terms of shrimp exports to the United States in 2021, with the nation being among one of the shrimp suppliers to this market to enjoy positive growth.

Photo for illustration (Source: VTV)

According to the data detailed by Vietnam Customs, the US currently represents the largest import market for Vietnamese shrimp, accounting for 28% of the proportion.

Furthermore, the country’s shrimp exports to the demanding market throughout the entirety of 2021 is estimated to have reached a figure of US$1.05 billion, up 21% compared to 2020, said the Voice of Vietnam.

Vietnamese shrimp exports to the US recorded positive growth in every months of 2021, enjoying the best growth rate among the nation’s top major shrimp import markets.

According to the Vietnam Association of Seafood Exporters and Producers (VASEP), US shrimp imports in 2021 hit a record high, despite facing numerous hurdles due to the COVID-19 pandemic.

Specifically, the past 11 months of 2021 saw US shrimp imports reach 807,865 tonnes worth US$7.2 billion.

Elsewhere, India remains the largest shrimp supplier to the US, while Indonesia has regained second position from Ecuador in terms of supplying shrimp to this market.

Moving forward, Vietnamese shrimp exports to the US until the first quarter of 2022 are expected to maintain a positive growth rate.

ASEAN Tourism Award honours Vietnam's 20 localities and units

Despite the negative impacts of the COVID-19 pandemic, Vietnam's tourism industry continues to receive valuable awards this year. Vietnam has up to 20 localities and units honoured in the ASEAN Tourism Award.

Deputy Minister of Culture, Sports and Tourism Doan Van Viet and representatives of localities and units received the award. (Photo: VNAT)

Within the framework of the ASEAN Tourism Forum (ATF) 2022, the awards ceremony was solemnly held in Sihanoukville, Cambodia, according to the Nhan Dan Newspaper.

The ASEAN Tourism Awards is an annual event, held to honour localities and units with high-quality tourism products and services, contributing to the sustainable development of tourist destinations throughout the ASEAN region.

This is also an opportunity for tourism businesses, as well as local tourism organisations to effectively market their tourism business activities and contribute to promoting the national tourism brand.

At this year's awards ceremony, 20 localities and units of Vietnam, were honoured to receive awards in several categories.

Among them, three localities received the ASEAN Clean Tourist City Standard, including Ha Long City in Quang Ninh province, Da Lat City in Lam Dong province, and Vung Tau City in Ba Ria-Vung Tau province.

Pullman Vung Tau Hotel in Ba Ria-Vung Tau province, alongside Aristo Hotel in Lao Cai, Flamingo Cat Ba Hotel & Resort in Hai Phong, Silk Path Hue Hotel in Thua Thien-Hue, and Anya Quy Nhon Hotel in Binh Dinh, were given the ASEAN MICE Venue Standard (Category Meeting Room).

Thai Hai Reserve Area of Ecological Houses-on-stilts Ethnic Village (Photo: truyenhinhdulich.vn)

Meanwhile, Flamingo Dai Lai in Vinh Phuc, FLC Som Son - Thanh Hoa, Vinpearl South Hoi An Resort in Quang Nam, Dalat Palace Hotel in Lam Dong, and Pytopia Cetre in Phu Yen, were also honoured ASEAN MICE Venue Standard (Category Exhibition Venue).

Furthermore, Minera Hot Spring Binh Chau Resort was given the ASEAN Green Hotel Standard title, together with four other places located nationwide, such as H’Mong Village in Ha Giang, Vedana Lagoon Resort & Spa in Thua Thien-Hue, Amiana in Khanh Hoa, and Can Tho Ecolodge in Can Tho.

ASEAN Sustainable Tourism Awards went to Thai Hai Reserve Area of Ecological Houses-on-stilts Ethnic Village in Thai Nguyen province (Rural Category) and Hue city tour - A destination of five heritages of Hue Monuments Conservation Centre (Thua Thien Hue province) (Urban Category).

With the number of awards honoured at ATF 2022, Vietnam's tourism has continued to position itself within the region and is an affirmation of a safe and sustainable destination for international tourists.

Coca-Cola invests 136-million-USD factory in Long An

The Long An Economic Zone management board has granted an investment licence to Coca-Cola Beverages Vietnam Co., Ltd to implement a soft drink plant project in in the southern province of Long An.

The project has total investment capital of more than 3.1 trillion VND (over 136 million USD). It will be located in the Phu An Thanh industrial park in Ben Luc district, according to the Vietnam News Agency.

Photo for illustration (Photo: tapchitaichinh.vn)

This is one of the big investment projects that the provincial authorities has licensed in early 2022.

Last year, Long An ranked second nationwide in attracting foreign direct investment (FDI) with more than 3.84 billion USD./.

Compiled by BTA