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insights & analysis
Day: September 15, 2023
Boeing encourages Korean, Japanese suppliers to add VN to their supply chains
the-shiv September 15, 2023 8:14 pm
Boeing’s supply chain development director for Southeast Asia, Maxime Dourdan, told a forum Wednesday that it was encouraging its tier 1 and 2 suppliers in Korea and Japan to consider utilising Vietnamese suppliers for tier 3 and 4 parts and components, The Investor is reporting. Eds note: The timing on
Changes to who handles work permits in Vietnam proposed
the-shiv September 15, 2023 4:34 pm
Vietnamnet is reporting on proposed changes to who is in charge of assessing and issuing work permits. Specifically, if it should be at a local People’s Committee level or at the provincial level–essentially local government versus state government. The article is not clear as to why this might be necessary
Vietnam’s low labor costs, economic resilience most important for foreign firms?
the-shiv September 15, 2023 2:42 pm
VN Express is carrying the outcomes of a HSBC survey that found low labor costs and economic resilience the two main reasons businesses considered Vietanm in their expansion plans. There is, however, no mention of tax incentives in either the article or HSBC’s original press release. Note: Tax incentives can
Power shortages in northern Vietnam next dry season likely
the-shiv September 15, 2023 2:30 pm
Northern Vietnam’s power supply next dry season may fall short by up to 10 percent in a worst case scenario according to the Ministry of Industry and Trade, and reported by The Saigon Times. The publication goes on to dub the power supply a ‘significant challenge’ though this may be
What the ECB’s interest rate rise might mean for Vietnam
the-shiv September 15, 2023 2:08 pm
VN Express is reporting on the European Central Bank’s interest rate rise and what it means for the EU. There are, however, a couple of key points missing with respect to what it might mean for Vietnam. Firstly rising interest rates in the EU is likely to impact demand for
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