Vietnamese footwear maker Biti’s opens first store in Cambodia
The Binh Tien Imex Corp., Pte., Ltd (Biti’s) on September 7 launched its first official store in Phnom Penh, Cambodia, marking its official presence on the market.
At the opening ceremony of Biti's first official store in Phnom Penh (Photo: VNA)
PhnomPenh (VNA) – The Binh Tien Imex Corp., Pte., Ltd (Biti’s) onSeptember 7 launched its first official store in Phnom Penh, Cambodia, markingits official presence on the market.
Asone of the Vietnamese high quality brands, Biti’s has introduced its productsin Cambodia since the 2000s through a local distributor and won localcustomers’ trust.
Togetherwith the opening of the store, the firm also launched its subsidiary Biti’sCambodia.
Addressingthe opening ceremony, which was attended by Vietnamese Ambassador to CambodiaVu Quang Minh, Cambodian Under-Secretary of State of the Ministry of CommerceSam Sereirath, thanked Biti’s for expanding its business in the Cambodianmarket.
Withan average economic growth of 7 percent annually, Cambodia is a developingcountry with increasing demands for all kinds of goods, he stated.
ViceDirector of Biti’s Cambodia Tran Kim Hanh said that from October 2019, Biti’sproducts will be available in Aeon Mall supermarkets in Cambodia, while moreretail shops of the company will be opened in Phnom Penh.
Hanhpointed out that competition from Thai and Chinese goods is one of the majorchallenges for Biti’s in the market, but showing her confidence that with itshigh quality products, Biti’s has high competitiveness.
Currently,Biti’s has more than 8,200 workers at its four factories and seven subsidiariesalong with 173 showrooms and more than 1,000 distributors over 63 localitiesacross Vietnam.
Eachyear, it provides more than 20 million products to the market.-VNA
Vietnam’s leather and footwear industry will maintain its strong growth even if the TPP does not materialise, the Vietnam Leather, Footwear and Handbag Association (Lefaso) has said.
Domestic firms in the leather and footwear industry lag far behind their foreign directed investment (FDI) peers as Vietnam cements its position as a leading world exporter in the sector, experts said.
New trend and growth models in the footwear industry will be the main topic of discussions at the Vietnam Footwear Summit 2018 in Ho Chi Minh City from March 21-22.
Vietnam has earned over 2.8 billion USD from exporting shoes since the beginning of 2018, thus maintaining the second position in the world in terms of shoes export.
China’s Laoling city, in coordination with VINEXAD, hosted a series of events in Ho Chi Minh City from August 7-9 to seek trade and economic cooperation with Vietnam.
Vietnamese Ambassador to Cambodia Nguyen Minh Vu led a delegation to Mondulkiri, Ratanakiri, and Kratie provinces from August 5-8, aiming to deepen economic ties and support Vietnamese businesses operating in Cambodia’s northeastern region.
Party General Secretary To Lam’s upcoming state visit to the Republic of Korea (RoK) is expected to mark a new milestone in the bilateral relationship, creating fresh momentum for trade and investment cooperation between the two countries.
In the context of the growing global digital economy, digital transformation and the promotion of e-commerce are key drivers helping Vietnam boost integration, enhance competitiveness, and expand export markets, according to the Vietnam E-commerce and Digital Economy Agency
Tilapia is considered highly competitive in export markets thanks to its affordability, ease of processing, and appeal across both high-end and mass-market segments.
In the first seven months of the year, Phu Tho attracted an impressive 651.7 million USD in foreign direct investment, including 35 newly licensed projects totaling 119 million USD in registered capital and 45 existing projects with an additional capital of 533 million USD.
Under the agreements, VinEnergo will invest in, install, and operate 43 MWp of rooftop solar power capacity and 45 MWh of BESS capacity across the three plants.
Under a draft to amend and supplement the Government's Decree 125/2020/ND-CP on administrative sanctions for violations of tax and invoice regulations, the Ministry of Finance has proposed classifying the failure to issue invoices into five different levels. Infraction levels will correspond to fines of 1 million VND to 80 million VND, depending on the nature and number of invoicing violations.
A new airline developed and invested by Sun Group — has officially announced a strategic partnership with Amadeus IT Group (Amadeus), one of the world’s leading travel technology companies. This agreement not only lays the foundation for a modern digital infrastructure but also marks a pivotal step in SPA’s global expansion strategy, enabling the airline to access international distribution networks and reach customers worldwide.
Of the total, 107,700 were new firms, with combined registered capital of 928.4 trillion VND (35.4 billion USD), up 10.6% in number and 5.5% in capital compared with the same period last year.
Experts agree that a combination of technology, enforcement, education and cross-border cooperation is essential to protect copyrighted content in Vietnam’s growing digital ecosystem.
Poland is Vietnam’s largest export market in Central and Eastern Europe, with key staples including seafood, textiles, footwear, coffee, and cashew nuts.
Cashless payments are growing at an impressive rate, averaging 30–40% annually. Vietnam’s per capita cashless transaction volume now trails only China, with total value of 295.2 quadrillion VND (11.26 trillion USD), or 26 times of its GDP.
A draft resolution on piloting a digital asset and cryptocurrency market is being developed, aiming to create a broad-enough regulatory sandbox that enables investor participation and provides practical grounds for policy refinement in areas such as risk management and anti-money laundering.
At the opening ceremony of Biti's first official store in Phnom Penh (Photo: VNA) 
