UK newspaper spotlights Vietnam’s emergence in global supply chain

Multinationals are looking to set up their bases in Vietnam despite various challenges that the country poses as a manufacturing destination, according to the Financial Times in the UK.

The newspaper cited Michael Kokalari, chief economist of VinaCapital in Ho Chi Minh City, as saying that more and more foreign companies are moving their production activities to Vietnam, and one prominent example is Apple, which began mass production of some of its AirPods wireless earbuds in Vietnam in the second quarter of this year when most of the world was in lockdown to contain the spread of COVID-19.

According to Financial Times, Vietnam’s labour markets are not as deep as China’s. Industrial park space is in brisk demand, especially around HCM City, where the bulk of Vietnam’s clothing, furniture and other exporters are based.

The newspaper, however, noted businesspeople say the Vietnamese market is adjusting to all these difficulties, even amid the pandemic. Many projects to construct industrial parks are on their way. For example, GLP, Asia’s biggest warehouse operator, is developing projects in Hanoi and HCM City, and plans to invest 1.5 billion USD over three years as it promotes its business in Vietnam./.


News

Hoi An enters top 15 cities in Asia

The ancient town of Hoi An in the central province of Quang Nam has entered the top 15 cities in Asia selected by Travel+Leisure’s World's Best Awards 2021.

Photos of endemic birds in Vietnam on display

A photo exhibition featuring the life of endemic birds in Vietnam, particularly red-crowned cranes, has been introduced in Hanoi. Entitled “Moment of Nature”, the exhibition is aimed at delivering a message of protecting the natural environment.

Fishermen pull in nets in Da Nang city

Fishermen in the central city of Da Nang catch fish by tying ropes to their waists, walking backwards and using all of their strength to pull in fishing nets.

Pristine Lieng Nung waterfall in Dak Nong province

Located in Gia Nghia city, Dak Nong province, Lieng Nung waterfall, formed by the flow of Dak Nia stream which runs through N’Jrieng village, shows the wild beauty of the mountains and forests.