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High costs and delivery failure rates continue to plague local logistics companies, which are unable to compete with foreign-owned rivals. Dao Trong Khoa, vice president of the Vietnam Logistics Business Association (VLBA), said the cost of logistics in…
Two years after opening his garment factory in Myanmar, Li Dongliang is on the verge of closing down and laying off his 800 remaining workers. The business had been struggling because of the Covid-19 pandemic, but after a February 1 coup that sparked mass…
Vietnam’s steel industry is expected to recover this year with rising export orders, thanks to improved global demand and surging domestic consumption. Market leader Hoa Phat Group last month exported over 12,000 tonnes of products, mostly cold-galvanized…
The aviation industry will recover in the second half of 2021 with the advent of coronavirus vaccines, SSI Securities Corporation has forecast. While it would be a difficult year since the coronavirus variant identified in the U.K. is spreading quickly and…
Fashion companies around the globe have been urged to avoid ‘greenwashing’ as they “fall over themselves” to make sustainability claims. While retailers and labels like Sainsbury’s and Fat Face have publicly committed to cutting emissions across their…
VinFast, which aims to become Vietnam’s first domestic car manufacturer, said it has secured a 12-year credit facility for as much as $950 million to help buy machinery and equipment from German suppliers. The company, a unit of Vietnam’s largest conglomerate…
South Korea’s outdoor-fashion industry is in “dire” condition according to a report by Korea Bizwire, with brands and retailers once the leaders of the fashion industry “slowly fading into obscurity”. Ashley Son writes that LF, the apparel affiliate of LG…
After denting the auto sector’s profitability, the consumption slowdown along with the upcoming shift to BS VI standards will further decelerate production, leading to eventual job losses. Industry insiders point out that slowdown, which is a culmination of…
India’s auto parts industry could be forced to slash a fifth of its five million or so workforce if the slowdown in vehicle sales continues, the president of the country’s largest industry group for auto parts makers said. India’s auto industry is in the…
China is one of the biggest EV markets in the world and many global automakers have developed electric vehicles particularly for the Chinese market. However, some carmakers like Toyota and Honda have also invested heavily in the hybrid technology and have…
Zara owner Inditex has named chief operating officer Carlos Crespo as its new chief executive to spearhead a bigger push into e-commerce. Crespo will continue in his existing position until his appointment as CEO becomes effective in July, when he will begin…
Google has announced a new pilot project to help fashion brands measure the environmental impact associated with the production of their raw materials, including water and pesticide usage in the production of cotton, and deforestation to make viscose. The…
ZTE, China Telecom and industrial equipment company Zhejiang Supcon have jointly developed a 5G-enabled industrial service platform designed to allow specialists to remotely assist on-site maintenance personnel. The Plantmate service platform allows on-site…
It’s okay to dance now that the 2019 IFPI Global Music Report is out. The report from The International Federation of the Phonographic Industry shows that a 32.9% increase in paid streaming revenues helped drive a similar increase in total streaming revenue…
The core of the doi moi (renovation) in Vietnam is the shift from single-ownership into a multi-ownership economy, where the central planned regime no longer exists. The 1987 Law on Foreign Investment, the 1990 Corporate Law & the Law on Private Enterprises,…
China’s baby-care market achieved total sales of RMB9.617 billion (US$1.4 billion) last year, reflecting rapid growth, according to new research from Mintel. Between 2013 and last year, the market recorded a CAGR of 19 per cent thanks to the relaxation of the…
