Vietnam’s manufacturing sector is in the middle of a boom period. In just over two decades the country has gone from relatively underdeveloped to a thriving hub of activity on the back of a manufacturing sector that has brought millions of jobs to the country. In fact, 86 percent of

Insurance in Vietnam: Industry Overview 2024

the-shiv August 13, 2024

Vietnam’s insurance industry has grown rapidly in recent years. As incomes have risen and Vietnam’s middle class has begun to accumulate valuable assets, the need for insurance has become readily apparent. This rapid rise of insurance products in Vietnam, is also partially attributable to several types of insurance being compulsory by law. This includes for motor vehicle owners and businesses in the construction sector.

Vietnam Furniture Manufacturing: Industry Overview 2024

the-shiv August 13, 2024

Vietnam has emerged as a significant global player in the furniture manufacturing industry. The country’s strategic geographic location, coupled with a relatively skilled workforce and competitive production costs, has positioned it as a preferred destination for furniture production and export. The furniture sector has experienced rapid growth, driven by increasing

Doing Business in Binh Duong, Vietnam 2024

the-shiv August 13, 2024

Binh Duong province has emerged as a dynamic economic hub in Vietnam, attracting significant foreign direct investment. Its strategic location, coupled with a well-developed infrastructure and a relatively supportive government, has made it a prime destination for manufacturing and industrial operations. The province boasts a large concentration of industrial parks, offering ready-made facilities and utilities for businesses.

Vietnam Ceramics Manufacturing: Industry Overview 2024

the-shiv August 13, 2024

Ceramic tile manufacturing has become a key industry in Vietnam and ceramic tiles have become a key export. With this in mind, this article looks at Vietnam’s ceramics market, ceramics exports, and ceramics manufacturers.

Doing Business in Ho Chi Minh City, Vietnam 2024

the-shiv August 13, 2024

Ho Chi Minh City, often abbreviated as HCMC or still widely referred to as Saigon, is Vietnam’s economic heartland. Its dynamic business environment, coupled with a strategic geographic location, has solidified its position as a premier destination for foreign investment and business expansion in Southeast Asia. This bustling metropolis offers a unique blend of traditional Vietnamese culture and modern urban living, creating a vibrant atmosphere for both locals and expatriates.

State power firm looks to Vietnam Dev. Bank after commercial bank loan limit reached

the-shiv August 13, 2024

Vietnam’s state power provider Electricity Vietnam or EVN has reached an agreement with the Vietnam Development Bank for US$2 billion to build more power generation and transmission lines. The agreement was arranged on the back of borrowing limits with commercial banks being reached and challenges accessing foreign capital…

The VietJet UK Court Ruling for Foreign Firms in Vietnam: Unpacked

Mark Barnes August 13, 2024

For almost two years VietJet has been in a protracted legal battle with Fitzwalter Aviation. In July, however, it came to an end–pending an appeal–when a UK court handed down a ruling in favour of Fitzwalter. This article looks at what happened and how it played out in court, as well as what might happen next.

Vietnam Stock Reviews: Hai An Transport & Stevedoring

Huong Nguyen August 13, 2024

In the second quarter of 2024, Hai An recorded an increase in revenue and profit compared to the same period last year. This growth was attributed to factors such as the expansion of its fleet, the opening of new domestic and international routes, and rising freight rates…

Counterfeit OMO laundry detergent operation raided in northern Vietnam

the-shiv August 13, 2024

Of note, protecting intellectual property in Vietnam can be challenging. It is common for local businesses to use brand names and logos of other more well-established businesses as well as to find fake brand name goods in Vietnam’s towns and cities. As of April 2024, Vietnam remained on the Office of the US Trade Representative’s Special 301 Report which found that despite intellectual property rights reforms, there were still ‘serious concerns remain regarding IP protection and, in particular, enforcement’.

Moving up runway two construction at HCMC airport floated by airports group

the-shiv August 13, 2024

Despite certain stages of the first phase being ahead of schedule, however, several other parts are not moving quite so quickly. For example, the aircraft maintenance area, and operations centre, are at risk of falling behind schedule with the tender documents still not finalized. This could push back completion of the first phase, which is scheduled to be finalised by the end of 2025.