Tag : Vietnam

Business

Vietnam shoemaker PouYuen to lay off 6,000 workers amid plummeting demand

omandailynews.com
One of Vietnam’s leading shoe manufacturers, catering to brands like Nike Inc and Adidas AG, announced plans to lay off thousands of employees due to a significant drop in orders. PouYuen Vietnam Co, a subsidiary of Taiwan-based Pou Chen Corp, is set to let go of nearly 6,000 workers with......
Business

Pharmacy emerges as top category in EU’s high-tech exports, valued at €446 billion

omandailynews.com
The European Union (EU) witnessed a substantial surge in high-tech imports from non-EU countries in 2022, totaling an estimated €482 billion—an impressive 22% increase compared to the previous year. Meanwhile, the EU’s exports to these countries reached €446 billion, reflecting a notable 16% growth. China emerged as the dominant source......
News

Vietnam needs $368 billion to build a climate-resilient economy – World Bank

omandailynews.com
To build a climate resilient and low-carbon economy, Vietnam needs to invest approximately $368 billion between now and 2040, according to the World Bank’s Vietnam Country Climate and Development Report (CCDR). World Bank Group’s Vietnam Country Climate and Development Report is the first of a series of climate and development......