Plastic enterprises look towards integration
14:37, 2016/01/04
Plastic businesses are planning to invest in production lines and improving product quality as the industry is forecast to face many challenges when the ASEAN Economic Community (AEC) is formed.
Director of the Tien Phong Plastic Company Nguyen Viet Cuong said that seeking quality material resources is now the biggest difficulty facing local plastic producers, adding they had to spend a huge sum importing materials from foreign countries.
In order to compete with products from ASEAN and other countries, domestic enterprises should invest in upgrading production lines, diversifying designs, improving governance capacity and expanding distribution channels, he suggested.
However, Cuong warned that foreign companies, including those from Thailand, may take over major local businesses, forcing small and medium ones to work for them.
2000mm HDPE pipe production line
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However, Cuong warned that foreign companies, including those from Thailand, may take over major local businesses, forcing small and medium ones to work for them.
14:43, 2024/11/18
Aircraft manufacturer Embraer seeks comprehensive aviation partnership with Vietnam
The Vietnamese leader urges the aircraft manufacturer to collaborate on technology transfer, airport construction and operation, research, and investment in Vietnam.
21:55, 2024/10/22
Better links with FDI firms to support Hanoi businesses
Hanoi will continue to focus on quality projects, especially with partners such as Japan, the United States, and Europe to boost technology transfer.
15:24, 2024/09/24
Vietnam calls for more US investment in innovation, hi-tech
The Vietnamese leader called on relevant agencies to resolve any challenges faced by investors and enhance the investment climate to encourage greater US investment in Vietnam.
14:13, 2024/09/23
Vietnamese leader urges Boeing to build production facility in Vietnam
Boeing is committed to continuing to support the development of Vietnam's aviation ecosystem, focusing on aviation infrastructure, human resources training, airport construction, and aircraft maintenance facilities.
14:38, 2024/09/17
Foreign capital pouring into Vietnam's real estate market
Experts are optimistic that the 2024 Land Law, once enacted, will help resolve legal bottlenecks and attract more FDI.
16:27, 2024/08/24
Vietnam news in brief - August 24
Read The Hanoi Times to stay up to date on developments in Vietnam.
- Growing number of FDI firms moving to Vietnam
- Vietnam Gov’t committed to facilitating Adani Group’s US$2-billion port project
- Vietnam Railway proposes US$87 million for Hanoi–Dong Dang railway upgrade
- Vietnam’s North-South high-speed railway to be designed for 350km/h
- Vietnamese gov’t urged to address impact of global minimum tax
- Samsung plans drastic investment increase in Vietnam over next three years