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Footwear exports likely to grow 5 percent in 2021

Illustrative image (Source: VNA) Weakening shipments and southern industrial parks devastatingly stricken by COVID-19 in August and September have troubled industry players who were worried that the sector was not likely to achieve its 18-billion-USD export goal in 2021. However, just two months after southern cities and provinces reopened its economy with flexible measures to sustain production and keep the virus at bay, the billions-dollar industry has seen unexpected breakthroughs, said Xuan, adding that exports will rise 5 percent compare to the previous year. Vietnam’s accession to multiple free trade agreements (FTAs), particularly the Comprehensive and Progressive for Trans-Pacific Partnership (CPTPP), have channeled large FDI from major corporations from the Republic of Korea, China and others into Vietnam, constantly heightening the domestic production capacity. Data from the World Footwear Yearbook shows that Vietnam exported 1.23 billion pairs of footwear in 2020, a 4.4-fo ....

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Bamboo Airways to Land in Heathrow this Summer

MIAMI – Bamboo Airways (QH), the newcomer Vietnamese low-cost carrier, plans to expand westward this summer. The airline has confirmed weekly flights from Ho Chi Minh City’s Tan Son Nhat International Airport (SGN) and Hanoi’s Noi Bai International Airport (HAN) to London Heathrow (LHR).
The service depends on the UK fully lifting travel restrictions, but the airline is otherwise betting on an increase in summer travel as the COVID-19 pandemic subsides.
Bamboo has taken the Vietnamese market by storm, quickly using leased aircraft to continue to develop their long haul route network.
Photo: Bamboo Airways
In early March, the airline filed an Initial Public Offering (IPO) to raise capital to expand and rival competitors in Vietnam. The airline had planned to fly from Vietnam to the Czech Republic and Germany last year. However, the services were delayed due to the pandemic. Bamboo still hopes to fly to Frankfurt later this year if health concerns allow. ....

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