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It is forecast that the size of Vietnam’s retail market will increase to US$350 billion by 2025. Photo: congthuong.vn The Vietnam-Israel Free Trade Agreement (VIFTA) was officially signed on July 25, and is expected by the business community to bring new opportunities for trade cooperation and export promotion. For the retail industry, this FTA is also expected to have positive effects for businesses in this industry. Israel is known as an innovation powerhouse, with more than 500 startups specializing in retail technology, providing solutions for wide-ranging applications, from logistics and supply chains to the in-store consumer experience. This is also the reason in recent years, multinational companies such as Nike, Alibaba and Walmart are increasingly interested in Israeli solutions. Therefore, when VIFTA was signed, Nguyen Anh Duc, chairman of the Association of Vietnamese Retailers and general director of Saigon Co.op assessed that there will be two aspects that...

Hajipur (Vaishali), Bihar In March this year, six women living in villages in Vaishali district of Bihar started a Farmer Producer Organisation (FPO) that produces yarns from discarded banana stems. The banana yarn is then used to make various products such as bags, sanitary pads, paper, and decorative items. The FPO, named Kera Jeevika Mahila Kela Resha Kisan Utpad Company, is the first banana waste processing unit in the state, supported by the Government of Bihar’s Jeevika project. The project aims to empower rural women socially and economically. Asha Devi, Renu Devi, Kumari Krishna Sinha, Susheel Kumari, Sonam Kumari, and Lalita Kumari are the co-founders of the FPO. Asha Devi, who has been a part of Jeevika since 2017, said, “At present, we are only making about Rs 6,000 to Rs 7,000 a month from the company, but we are confident that soon our earnings will go up a lot more.” Apart from the six co-founders, there are 15 to 20 women from Jeevika working as labore...

President Vo Van Thuong and President of the Italian Senate Ignazio La Russa. Emphasizing the significance of the visit on the two countries’ 50th anniversary of the establishment of diplomatic relations and the 10th anniversary of the strategic partnership , President Vo Van Thuong acknowledged Vietnam’s strong commitment to maintaining a close relationship with Italy, particularly in fostering cooperation between the legislative bodies of both countries. The President of the Italian Senate warmly welcomed President Vo Van Thuong and the high-level Vietnamese delegation, marking an important milestone in bilateral cooperation, as it is the first exchange of state-level visits between the two countries in seven years. Ignazio La Russa emphasized the friendship and solidarity between the two peoples, highlighting Vietnam as Italy’s most important partner in the Association of Southeast Asian Nations (ASEAN). Italy expressed its support for Vietnam’s role in promoting rel...