PUMA’s Vietnamese suppliers to get access to affordable financing
Vietnamese suppliers of the world’s leading sports brand PUMA will be able to access affordable financing from the International Finance Corporation if they comply with PUMA’s standards.
Hanoi (VNA)꧒ – Vietnamese suppliers of the world’s leading sports brand PUMA will be able to access affordable financing from the International Finance Corporation (IFC) if they comply with PUMA’s environmental, health, safety and social standards.
According to the recently-inked agreement between the IFC – a member of the World Bank Group, and the European brand, the IFC will offer financial incentives for PUMA’s suppliers in emerging markets to improve those mentioned standards.
The programme will be launched in Bangladesh, Cambodia, China, Indonesia, Pakistan and Vietnam during the first phase.
The IFC will adopt a financing structure with tiered pricing of short-term working capital, offering lower costs for those suppliers that achieve a high score in PUMA’s supplier rating based on their adherence to the company’s social and environment standards.
The deal advances IFC’s effort to encourage small and medium enterprises (SMEs) to enhance environmental and social sustainability while achieving strong financial results, Sergio Pimenta, IFC Director of Manufacturing, Agribusiness and Services said.
The IFC provides financing to ready-made garment and footwear suppliers through its Global Trade Supplier Finance (GTSF) programme, which offers working capital to suppliers backed by receivables from international buyers.-VNA
Walmart, the largest supermarket chain in the US, wishes to support women entrepreneurs across the world, including Vietnamese ones, said Jocelyn Tran, Regional Senior Director for Walmart Global Sour
Businessmen, managers and economists discussed how to turn Vietnam into a trustworthy and sustainable exporting country at a forum in Hanoi on April 14.
The central province of Quang Nam is set to become a hub for the medicinal plant industry, with Ngoc Linh ginseng designated as the core crop, under the Prime Minister's decision issued earlier this year.
The North-South Expressway project is scheduled for completion by 2030, aiming to establish the groundwork for Vietnam’s modern railway industry and stimulate regional economic development, positioning the country for a significant economic leap in the era of national rise.
The probe, initiated on June 11 following a petition by the US Coalition for Fair Trade in Hardwood Plywood, targets products classified under HS Code 4412 and 9403 imported from China, Indonesia and Vietnam.
Sun PhuQuoc Airways was born as a perfect piece in Sun Group’s strategic vision to build a premium ecosystem of tourism, entertainment, real estate, and aviation. With a pioneering ambition, Sun PhuQuoc Airways is not just an airline, but a symbol of connection – bringing the world to Phu Quoc and taking Phu Quoc to the world.
A key change in the draft decree is a provision requiring bank transfers for gold transactions valued at 20 million VND (765 USD) and above, to enhance transparency and verify customer identities.
In the first four months of 2025, trade turnover between Vietnam and Cambodia surpassed 3 billion USD, marking a 7% increase compared to the same period in 2024.
On June 19 alone, a total of 2,005 trucks completed customs clearance at Lang Son’s border gates — the highest single-day figure ever recorded in the province. Of these, 634 carried exports and 1,371 imports.
The OECD Economic Surveys: Vietnam 2025 report focuses on analysing the country’s macroeconomic fundamentals, the impact of international integration on attracting foreign investment and trade, and the country’s prospects for developing a low-carbon economy.
Antoine Colin, Senior Vice President for Global Supply Chain Digital Transformation & Resilience at HP Inc., affirmed HP’s strategic commitment to building a supply chain and ecosystem in Vietnam and the region.
Deputy Director General of the Ministry of Industry and Trade (MoIT)’s Trade Promotion Agency Bui Quang Hung emphasised that logistics has evolved from a technical function into a core capability for Vietnamese exporters to maintain their competitive advantage in the US market.
A trade official has suggested companies work closely with shipping lines, airlines, and freight forwarders to monitor routes, transit times, and potential surcharges while exploring broader cargo insurance to cover risks like war and terrorism.
In addition to institutional reform, the agency is also rolling out key solution groups to combat counterfeit goods, imitations, and intellectual property infringements in the digital environment.
The event, co-organised by the Vietnam Trade Office in the UK and TT Meridian, a local importer of Vietnamese fresh produce, aims to build a national lychee brand and encourage broader recognition of Vietnamese fruits in a competitive, high-end market.
The industry's performance has been powered by bold investments in modern production lines, enabling Vietnamese firms to produce complicated products which were exclusive to advanced economies.
Outcomes of ABAC III will shape ABAC’s final policy recommendations to be submitted to the ABAC-APEC leaders’ dialogue, scheduled to take place in the Republic of Korea this November.
This is the second year the magazine has released the ranking, which is based on total revenue and key financial indicators of enterprises from seven countries in the region: Vietnam, Indonesia, Thailand, Malaysia, Singapore, the Philippines, and Cambodia.
At the summit, publishing, tech, and media sectors will discuss emerging trends, business models, and sustainable solutions for digital publishing development in Vietnam.
Products of PUMA brand (Photo: puma.com)
