Construction of 50-million-USD wool factory begins in Da Lat
The construction of a sheep wool factory kicked off at the Phat Chi industrial complex in Da Lat city of the Central Highlands province of Lam Dong on June 15.
The construction of a sheep wool factory kicked off at the Phat Chi industrial complex in Da Lat city of the Central Highlands province of Lam Dong on June 15 (Illustrative photo: VNA)
Lam Dong (VNA) – 🐷The construction of a sheep wool factory kicked off at the PhatChi industrial complex in Da Lat city of the Central Highlands province of LamDong on June 15.
Thefactory, to be built at a cost of 50-million-USD, is a joint project betweenthe German Sudwolle Group and the Ho Chi Minh City-based Lien Phuong Textileand Garment Corporation. Coveringa total area of more than 61,000 square metres, it is estimated to produceabout 4,000 tonnes of wool per year for domestic consumption and exports. Upon itsoperation in April 2019, the factory will use imported materials to producewool. Vietnam currently has 50 garment facilities using wool, with most of themusing materials imported from Australia. Thefactory is expected to generate revenue of more than 100 million USD per yearand create jobs for 400 local labourers. It will also be open to the public forvisitors to witness all wool-making steps.-VNA
Australian Wool Innovation (AWI) has stated that it is in discussions with three Vietnamese companies and six foreign firms about the possibility of establishing a wool weaving factory in the Southeast Asian country.
The Australian Wool Growers Association (AWGA) expressed its desire to boost cooperation with Vietnam to introduce its wool products to Vietnamese consumers.
A key change in the draft decree is a provision requiring bank transfers for gold transactions valued at 20 million VND (765 USD) and above, to enhance transparency and verify customer identities.
In the first four months of 2025, trade turnover between Vietnam and Cambodia surpassed 3 billion USD, marking a 7% increase compared to the same period in 2024.
On June 19 alone, a total of 2,005 trucks completed customs clearance at Lang Son’s border gates — the highest single-day figure ever recorded in the province. Of these, 634 carried exports and 1,371 imports.
The OECD Economic Surveys: Vietnam 2025 report focuses on analysing the country’s macroeconomic fundamentals, the impact of international integration on attracting foreign investment and trade, and the country’s prospects for developing a low-carbon economy.
Antoine Colin, Senior Vice President for Global Supply Chain Digital Transformation & Resilience at HP Inc., affirmed HP’s strategic commitment to building a supply chain and ecosystem in Vietnam and the region.
Deputy Director General of the Ministry of Industry and Trade (MoIT)’s Trade Promotion Agency Bui Quang Hung emphasised that logistics has evolved from a technical function into a core capability for Vietnamese exporters to maintain their competitive advantage in the US market.
A trade official has suggested companies work closely with shipping lines, airlines, and freight forwarders to monitor routes, transit times, and potential surcharges while exploring broader cargo insurance to cover risks like war and terrorism.
In addition to institutional reform, the agency is also rolling out key solution groups to combat counterfeit goods, imitations, and intellectual property infringements in the digital environment.
The event, co-organised by the Vietnam Trade Office in the UK and TT Meridian, a local importer of Vietnamese fresh produce, aims to build a national lychee brand and encourage broader recognition of Vietnamese fruits in a competitive, high-end market.
The industry's performance has been powered by bold investments in modern production lines, enabling Vietnamese firms to produce complicated products which were exclusive to advanced economies.
Outcomes of ABAC III will shape ABAC’s final policy recommendations to be submitted to the ABAC-APEC leaders’ dialogue, scheduled to take place in the Republic of Korea this November.
This is the second year the magazine has released the ranking, which is based on total revenue and key financial indicators of enterprises from seven countries in the region: Vietnam, Indonesia, Thailand, Malaysia, Singapore, the Philippines, and Cambodia.
At the summit, publishing, tech, and media sectors will discuss emerging trends, business models, and sustainable solutions for digital publishing development in Vietnam.
This year’s “Vietnam Goods Week” marks a significant milestone as it is being held simultaneously for the first time in four locations across Asia: Japan, Hong Kong (China), Cambodia, and Malaysia, from June 19 - 22.
According to NordCham Vietnam Chairman Thue Quist Thomasen, the Vietnamese Government’s commitment to achieving net-zero emissions by 2050 is both a challenge and an opportunity for businesses to contribute to green and sustainable growth.
The analysis from an investment perspective shows that the economy’s growth has been heavily capital‑driven, yet efficiency remains low as reflected by Vietnam’s Incremental Capital-Output Ratio (ICOR) being significantly higher than global and regional averages. This underscores the imperative to enhance capital‑use efficiency.