British diplomatic cables seen by Political reveal a number of concerns about how Vietnam’s Just Energy Transition Partnership Resource Mobilisation Plan was put together, the publication reported December 8. Politico’s article has a number of choice quotes that reveal the development of the plan and its implementation may not be

Fitch Ratings gives Vietnam a BB+ rating with a stable outlook

the-shiv December 12, 2023

Rating agency Fitch Ratings has upgraded Vietnam’s rating from BB to BB+ and said the outlook is stable, according to a press release December 8. The upgrade was based on: robust foreign direct investment (FDI) inflows; and confidence… property-sector stresses, weak external demand and delays in policy implementation owing to

Vietnam coffee consumption to increase 32 percent by 2027: Euromonitor

the-shiv December 12, 2023

Vietnam will lead growth in coffee consumption in Southeast Asia with Euromonitor predicting the local market to grow by 32 percent, Nikkei Asia is reporting. However, the article notes that competition is fierce and that many local brands in Vietnam are expanding overseas. See also: How to Open a Cafe

Vietnam’s insurance market records strong growth despite bad press

the-shiv December 12, 2023

The total assets of insurance companies in Vietnam reached almost VND 913.37 trillion (US$$37.6 billion) in the first 11 months of 2023, up 11.12 percent year-on-year, Vietnam News reported citing Vietnam’s Ministry of Finance data. It also reported that total equity of insurance firms in Vietnam was estimated to be

Airfare price caps weigh on recovery from pandemic for Vietnam’s airlines

the-shiv December 12, 2023

Vietnam’s airline industry is urging the government to remove price caps on airfares with many local airlines still struggling to recover from accumulated losses during the pandemic, The Star is reporting. “Domestic airlines have seen recoveries in revenues, but the sharp increase of input costs undermines their profits, which makes

Chinese coffee chain opens first Vietnam store in HCMC

the-shiv December 12, 2023

China’s Cotti Coffee has opened its first store in Ho Chi Minh City, the World Coffee Portal is reporting. This is in line with a number of international coffee chains looking to enter Vietnam’s consumer coffee market. Data included in the article claims Vietnam to be East Asia’s fifth biggest

US senators call for halt of Vietnam non-market economy status review

the-shiv December 12, 2023

A handful of US senators have called for a halt to a review of Vietnam’s designation as a non-market economy (NME), Politico is reporting. It cites this letter signed by US senators JD Vance, Josh Hawley, and Tom Cotton which says “the recently announced process defies both normal order and

Nvidia considering establishing ‘base’ in Vietnam

the-shiv December 12, 2023

Nvidia’s CEO, Jensen Huang, met with the Prime Minister of Vietnam this week and discussed expanding Nvidia’s presence in the Southeast Asian nation, Reuters is reporting. The company already has investments in the country of US$250 million. Specific details of any future investments have not been provided as yet.