June 11, 2024
Adidas, New Balance suppliers struggling to find workers in southern Vietnam
Some of the challenges raised in this article, with respect to hiring workers, is that workers have more job options other than factory work, workers no longer need to move to population centres with many manufacturing operations opening in tier two cities and provinces, and workers that moved back to their hometowns during the COVID-19 pandemic have still not returned on the back of the general uncertainty that the pandemic created.
Korea’s Daewoo looking at making cars in Vietnam
Vietnam’s automotive industry is huge but dominated by motorcycles. That said, cars are becoming more popular with just shy of 5 million registered vehicles at the end of 2020. This does, however, represent just 5 percent of the population of 100 million people which means there is plenty of room for car sales to grow…
Russian president could be in Vietnam next week: Reuters
Vietnam has remained cordially with Russia throughout the Ukraine War. The Southeast Asian nation is heavily dependent on Russia for its arms supplies but also has a strong bond with the country on account of their similar political pasts. This has seen Russian tourist arrivals grow by 80 percent in the first five months of this year over the first five months of 2023 and…
Vietnam solar production slows on end to antidumping moratorium
Of note, Trina Solar, in November of last year, announced it would almost doubled its investment in Vietnam bringing the total invested to nearly US$900 million. It also said, around the same time, that it believes its solar panels should be exempt from the US tariffs on the ground that its polysilicon comes from the US and Europe. With this in mind, it’s not clear what might happen to the additional investment Trina Solar announced last year…
Reports Vietnam will allow gold imports before the end of the year
If this is accurate, this would signal an interesting turn of events. To be clear, the State Bank took control over gold imports and exports to stabilise the local currency when inflation surged back in 2011. At the time, gold was being used as a store of wealth to hedge against inflation and banks were permitted to lend and borrow against the yellow metal which was pushing up demand (incidentally this practice was banned in 2012, too). This was increasing demand for US dollars to import more gold and subsequently putting inflationary pressure on the local currency…
In today’s Vietnam news: More land for Trump golf course, Hanoi metro awarded Vingroup, Rising bank bond interest rates, GE contract stalled power plant
In today’s Vietnam news: MSCI market review, Russia’s Gazprom abandons LNG plant project, Horror movie making warning, Banking risk analysis, Denmark-VN ethanol cooperation, Work
In today’s Vietnam news: Thailand vs Vietnam tourism, India missile purchase final stages, Airport rail connections Long Thanh, BESS development Northern Vietnam, New US
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