Vietnam Economy News
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Seizing Investment Opportunities in Vietnam’s Garment and Textile Industry
September 14, 2020 Posted by Vietnam Briefing Written by Trinh Nguyen Vietnam is among the top textile producing countries and apparel exporters in the world, emerging as an ideal alternative to China. Major factors driving industry growth are growing textile exports derived from multilateral free trade agreements and low labor costs. Despite rising challenges…
Locals switch to purchase gold online on God of Wealth Day
22/02/2021 VIS TEAM Amid the current Covid-19 outbreak in Vietnam, many gold shops were promoting online sales to meet customers demand in the Gold of Wealth Day [February 21], the day when locals traditionally buy gold expecting this would bring good fortune to their businesses and families in a new year. Nguyen Thi Luyen, vice…
SA8000 Certification: Fostering Social Accountability and Ethical Practices
In today’s business world, prioritizing social accountability and ethical practices is more important than ever. A standout certification in this realm is SA8000. Developed by Social Accountability International (SAI), SA8000 is a widely recognized standard that strongly emphasizes treating workers fairly and upholding global labor standards. In this article, we delve into the details of…
Garment Inspection: How to Classify Defects
Garment inspection is a crucial step in ensuring the quality of a textile product. One of the most essential aspects of garment inspection is defect classification, the process of identifying and categorizing defects based on their severity and how they impact the overall quality of the garment. In this article, we will discuss how to…
The inflation rate in the US reaches 7.9% when fuel and food costs increase
March 21, 2022 US annual inflation rate increased to 7.9% as prices continued to rise. That is the biggest year-on-year leap since 1982 and up from the 7.5% rate reported in January. Rising costs for energy, food and shelter drove the gains, which are squeezing household incomes. President Joe Biden and central bank officials are…
