October 3, 2023
French-Polish freeze-dried instant coffee plant starts work in southern Vietnam
Last week, France’s Louis Dreyfus Company and Poland’s Instanta Sp. z o.o. inaugurated a freeze-dried instant coffee production facility in Vietnam’s Binh Duong province (next door to HCMC), Vietnam News has reported. The project has cost US$84.2 million to put together and has a capacity of 5,600 tonnes. See also:
World Bank expecting growth of 4.7 percent from Vietnam this year
In its East Asia and The Pacific Economic Update for October the World Bank has said it expects Vietnam’s GDP to grow by 4.7 percent this year and 5.5 percent next year, The Investor is reporting. The publication notes that Vietnam is now trailing regional peers the Philippines (5.6 percent),
SK carbon fiber firm has in-principle support for factory in southern Vietnam
The Ba Ria-Vung Tau’s industrial park authority has given in-principal approval for South Korea’s Hyosung to construct a US$540 million carbon fiber factory, The Investor is reporting. In its initial phase, the factory will have the capacity to produce 4,800 tons of carbon fiber products. There are plans to expand
Unusually low startup funding reported for Vietnam in Q3
In the third quarter of this year, Vietnamese tech startups received US$50.1 million in funding the Vietnam Investment Review is reporting citing data from Tracxn. The publication is saying this is a 504 percent increase on Q2 startup funding, however, Deal Street Asia put startup funding in Vietnam in Q2 of
Vietnam launches antidumping investigation into wind turbine towers from China
The Ministry of Industry and Trade has launched an investigation into wind turbine towers imported from China at the request of CS Wind Vietnam, a subsidiary of South Korea’s CS Wind, The Leader is reporting. Why it matters: This goes to the changing nature of trade with Vietnam, specifically the
Is Google really considering shifting production from Vietnam to India?
India’s Firstpost is reporting that Google is considering shifting production of Pixel devices from Vietnam to India after footage of the Google Pixel 8 Pro was leaked from a Vietnamese factory. A handful of other outlets have also jumped on this story, however, its origins are somewhat shady. The source,
Petrol stations run dry in parts of Vietnam as falling fuel prices squeeze retailers’ margins, despite petrol dropping below US$0.76 per litre. Meanwhile, the
Financial difficulties at two major gym chains raise questions about consumer spending and household finances in Vietnam. Meanwhile, a Chinese contractor joins Vingroup’s US$3.9
Vietnam’s central bank moves to rebuild foreign exchange reserves despite mounting inflation pressures, raising questions about the government’s economic strategy. Meanwhile, reports of Vingroup-linked
This is an interview with Chris Walker, a Vietnam Sourcing Expert with Vietnam Factory Tours how rising oil prices and the Middle East crisis are
This is an interview with John Gardner, CEO and Founding Partner, at Optimum Hospitality in Ho Chi Minh City. It covers fuel price impacts on:
This is an interview with Dr Nuno F. Ribeiro, Associate Professor, International Tourism & Hospitality Management at Copenhagen Business College, formerly of RMIT Vietnam. It