Asia

'A total of 300,000 ICT graduates from universities, colleges, vocational institutes enter the job market each year in Vietnam' Vietnam is keen to help Bangladesh develop skilled manpower for the Fourth Industrial Revolution (4IR). The announcement came at a seminar titled “Digital Bangladesh: Opportunities and Challenges for...

The European Union (EU)–Vietnam Free Trade Agreement (EVFTA) signed late last month includes commitments to implement International Labour Organization (ILO) core standards. Vietnam is now revising its Labour Code, which, if adopted, will represent major progress towards alignment with the ILO 1988 Declaration on Fundamental Principles and...

Vietnamese garment manufacturers have so far received less order than 2018 and the shortage of orders is becoming more common, according to the Vietnam Textile and Apparel Association (VITAS), whose vice president Truong Van Cam recently said the number of orders in the first half of 2019...

Exporters might face trouble in getting duty draw back as the Duty Exemption and Drawback Office of the National Board of Revenue lost its legal ground to carry out required activities for refunding duty following implementation of the new VAT law. DEDO has lost the power to...

Vietnam’s export revenue during January-June this year totalled nearly $18 billion, up 8.61 per cent over the figure during the same period last year, according to the ministry of industry and trade. Of the total, shipments to the United States were worth over $11.7 billion, followed by...

Cotton accounts for 51 per cent of the total raw material cost in the Indian textile industry and continues to remain at an elevated level, thereby pressurising domestic industry margins, according to India Ratings and Research (Ind-Ra). This raw material cost inflation has been difficult to pass...

Country's imports grew by nearly 6.0 per cent in the first 11 months of fiscal year (FY) 2018-19, riding on higher construction material imports, officials said. The actual import in terms of the settlement of letters of credit (LCs) rose to $50.57 billion during the July-May period...

Leading mobile phone operator Grameen-phone reported a healthy revenue growth of Tk 70.9 billion for the first half of 2019, a 10.6 percent growth from the same period of last year on the bank of new subscribers and internet users. In the same period, the operator’s subscriber...

A China-Bangladesh joint venture company, M/S Golden Ocean Limited, will invest $1.46 million to establish a garment accessories industry in Ishwardi Export Processing Zone. In this regard, Bangladesh Export Processing Zones Authority (BEPZA) and M/s Golden Ocean Limited signed an agreement at BEPZA complex in the city,...

Soaring foreign investment in Bangladesh is giving an added push to the country’s booming economy, as multinational companies look to harness its strong domestic demand, reports BSS. With a population of 168 million, more than a third of whom are 25 years old or younger, and a...