This week’s Vietnam news roundup covers foreign trader stock market activity, bond issuances, new manufacturing projects, a raid on a fake laundry detergent operation, imports and export data, car sales data, and more…

FIFA bans Vietnam football club from new signings over unpaid wages

the-shiv August 15, 2024

Of note, Guirassy, was due to be paid out three months’ salary, about US$19,500, but the club’s bank accounts were frozen over unpaid taxes. These were eventually cleared, however, by that time Guirassy’s visa had lapsed and a renewal had not gone through so the bank was unable to process the transaction. At this point with fines and interest the club was up for an additional US$8,400. It’s still not clear when this will be paid.

Consumer Goods in Vietnam: Industry Overview 2024

the-shiv August 15, 2024

Vietnam’s consumer goods market has experienced rapid growth in recent years, driven by a burgeoning middle class, increasing disposable income, and shifting consumer preferences. The country’s young and dynamic population, with a significant portion aged between 25 and 54, presents a lucrative market for a wide range of products.

Doing Business in Hanoi, Vietnam 2024

the-shiv August 15, 2024

Hanoi, Vietnam’s capital, offers a dynamic business environment for companies seeking to tap into the Southeast Asian market. As the country’s political, economic, and cultural hub, Hanoi provides access to a relatively skilled workforce and a growing consumer market. The city’s strategic location within the region facilitates trade and logistics, making it an attractive location for businesses across various sectors.

Doing Business in Bac Ninh, Vietnam 2024

the-shiv August 15, 2024

Bac Ninh province has rapidly emerged as a top choice for foreign investors seeking to tap into Vietnam’s thriving manufacturing sector. Its strategic location within the Red River Delta, coupled with solid manufacturing infrastructure and a skilled workforce, has propelled the province into a manufacturing powerhouse.

Vietnam Land Ports for Foreign Firms 2024

the-shiv August 15, 2024

Vietnam’s land ports have been a critical component in Vietnam’s economic development. They are the main entry point for a sizable amount of materials used in manufacturing in Vietnam. This is particularly true of its northern border with China which has become increasingly important to both China and Vietnam’s manufacturing industries as firms have sought to diversify their supply chains….

Doing Business in Long An, Vietnam 2024

the-shiv August 15, 2024

Long An province has emerged as a promising investment destination in Vietnam, particularly for manufacturing and agriculture. Its strategic location, coupled with government support, has attracted a growing number of domestic and foreign investors.

Samsung almost 15 percent of Vietnam’s exports so far this year

the-shiv August 15, 2024

Samsung exported US$33.5 billion worth of product from Vietnam in the first seven months of the year. This is the equivalent of around 14.73 percent of Vietnam’s total exports and about 46.42 percent of Vietnam’s exports of mobile phones and computers…

Vietnam Stock Reviews: FPT Corporation (technology)

Huong Nguyen August 15, 2024

While the company’s fundamentals are strong, the current high valuation warrants a cautious approach in the short term. Investors with a long-term horizon may find FPT to be an attractive investment opportunity, but they should carefully consider the potential risks before making a decision…

PepsiCo Foods building $US90 million plant in northern Vietnam

the-shiv August 15, 2024

Notably, Vietnam’s snack consumption is estimated at about 5.2 kg per capita, significantly higher than the global average of five kilograms, suggesting a healthy market for snack foods. Furthermore, Vietnam’s snack food market is projected to reach US$3.9 billion this year, with a compound annual growth rate of 8.15 percent from 2024 to 2029, according to Statista…

Vietnam steel production climbs alongside dumping duties risk

the-shiv August 15, 2024

Vietnam’s steel production is expected to increase by 7 percent this year according to the Ministry of Industry and Trade and reported by Vietnam News. This growth, however, will run parallel with an antidumping investigation in the EU into Vietnamese steel…