Today: 06/02/2023 13:15:12 (GMT+7)

PM applauds Nike’s contributions to Vietnamese economy

Prime Minister Pham Minh Chinh received Chief Operating Officer of Nike, Inc., Andy Campion in Hanoi on December 1, speaking highly of the firm’s contributions to Vietnam’s exports and job creation in the recent past.

The host leader noted with satisfaction the vigorous growth in Vietnam - US relations, including bilateral trade rising over 18% year on year to top 105 billion USD in the first 11 months of 2022.

PM, applauds, Nike’s contributions, Vietnamese economy, Chief Operating Officer, firm’s contributions, job creation, vigorous growth

PM Pham Minh Chinh and Chief Operating Officer of Nike, Inc., Andy Campion at the meeting in Hanoi on December 1.

The US has been the largest export market of Vietnam for many years while Vietnam currently ranks ninth in the world and first in ASEAN among trading partners of the US. Many major technology firms from the North American country such as Apple, Dell, GE, Intel, and Microsoft has invested in the Southeast Asian nation, helping promote Vietnam’s role in regional and global supply chains, he went on.

PM Chinh asked Nike to increase applying scientific and technological advances and achievements of the Fourth Industrial Revolution to its production and management activities in Vietnam, while assisting the country to improve the management capacity, give policy advice, train human resources, boost green growth and digital transformation, and develop a circular economy, thereby helping Vietnam build an independent and self-reliant economy with extensive, substantive, and effective integration into the world and deeper engagement in global supply chains.

Vietnam is building a fair, transparent, and stable business climate, effectively dealing with administrative procedures, and reducing input costs for enterprises and investors. It views the foreign invested sector as an important part of the economy and hopes foreign firms will make more investment, especially in the fields matching Vietnam’s demand and enterprises’ strengths, he affirmed.

Agreeing on his host’s cooperation suggestions, Campion informed about the sportswear producer’s operations in Vietnam with enhanced application of technology and automation, adding it produces about 600 million pairs of footwear each year, half of which are made in Vietnam, and that half of the materials for the company’s global supply chains are also sourced from the country.

He highly valued Vietnam’s human resources, saying the staff members in Vietnam are the ones with the best skills in the world of Nike.

He also spoke highly of the Vietnamese economy’s resilience and thanked the Government and PM for their active and effective assistance for the firm’s establishments to quickly and safely resume operations amid the Covid-19 pandemic.

The COO also expressed his belief that the country will play an increasingly important role in global supply chains.

Set up in 1995, Nike Vietnam Co. Ltd has more than 200 partner factories in 20 provinces and cities, along with hundreds of businesses joining its supply chain, indirectly providing jobs for nearly 500,000 local workers.

WB ready to help Vietnam with sustainable economic development
Vietnam should come up with solutions to bring benefits for short, mid and long-terms, helping the economy to develop stronger towards becoming a high-income country by 2045, said Global Director of the World Bank (WB) Group's Macroeconomics, Trade and Investment Global Practice Marcello de Moura Estevão Filho.
Vietnam prioritises development of ties with China: Party chief
Party General Secretary Nguyen Phu Trong had a meeting with Chinese Premier Li Keqiang in Beijing on November 1, during which he affirmed that Vietnam attaches great importance to and places the development of ties with China at top priority.
Macroeconomic stability helps push stock market development: official
Macroeconomic stability will be a good foundation for developing the stock market, Deputy Minister of Finance Nguyen Duc Chi said at the Government’s regular press conference on October 29 in Hanoi.
Workshop looks into socio-economic development in northern midland, mountainous regions
The State, Government, ministries, agencies and localities should further consolidate institutions and connectivity in the northern midland and mountainous regions in order to bring into full play their advantages geographical locations, heard a workshop on October 27.
Party leader’s upcoming visit to take Vietnam-China ties to new development period
General Secretary of the Communist Party of Vietnam (CPV) Central Committee Nguyen Phu Trong will pay an official visit to China from October 30 to November 2 at the invitation of General Secretary of the Communist Party of China (CPC) Central Committee and President of China Xi Jinping.

Source: VNA

PM, applauds, Nike’s contributions, Vietnamese economy, Chief Operating Officer, firm’s contributions, job creation, vigorous growth
New comment has just been added. Click here
Sort:NewBest News