Dong Nai province, located in the southeastern region of Vietnam, has emerged as a dynamic economic hub in recent years. Its strategic location, coupled with robust infrastructure and a supportive government, has positioned it as an attractive destination for both domestic and foreign investors. The province boasts a thriving industrial landscape, with a particular focus on manufacturing, processing, and export-oriented activities.

Doing Business in Hai Phong, Vietnam 2024

the-shiv August 17, 2024

Hai Phong, a dynamic coastal city in northern Vietnam, has emerged as a thriving economic hub. Its strategic geographic location, coupled with robust infrastructure development, has positioned it as a prime destination for foreign investors. As Vietnam’s second-largest seaport, Hai Phong offers seamless access to both domestic and international markets, making it an ideal base for manufacturing, logistics, and trade operations.

Vietnam’s Cosmetics Industry for Foreign Firms 2024

the-shiv August 17, 2024

Vietnam’s cosmetics industry has witnessed remarkable growth in recent years, driven by a burgeoning middle class, increasing disposable incomes, and a growing awareness of personal care. The country’s young and fashion-conscious population has fueled demand for a wide range of beauty products, from skincare and makeup to haircare and fragrances.

Vietnam’s Dairy Market 2024: Overview

the-shiv August 17, 2024

Looking ahead, the dairy industry in Vietnam is poised for continued expansion. Factors such as rising consumer awareness of dairy’s nutritional benefits, coupled with increasing urbanisation and changing dietary habits, are expected to fuel demand. However, the industry must also address challenges related to milk quality, supply chain efficiency, and competition to sustain its growth momentum.

Vietnam’s Food and Beverage Industry 2024

the-shiv August 17, 2024

Vietnam’s food and beverage–or F&B–industry has experienced remarkable growth in recent years, driven by a combination of factors including rapid urbanisation, rising disposable incomes, and a burgeoning middle class. The country’s rich culinary heritage, coupled with increasing consumer demand for diverse and convenient food options, has created a dynamic and promising market.

Vietnam government agrees to 50 percent registration fee cut for three months

the-shiv August 17, 2024

Of note, the Ministry of Finance earlier this year raised concerns that registration fee cuts may create legal problems. Specifically, the policy could be seen to be discriminating between locally made and imported vehicles which would put it in breach of EVFTA rules…

Taiwan launches antidumping investigation into Vietnam cement

the-shiv August 17, 2024

In the first seven months of 2024, Vietnam exported 18,227,814 tons of cement and clinker worth US$669.2 million. This was a decline of 13.3 percent over the same period in 2023. To Taiwan specifically, it exported 891,050 tons worth US$32,125,934, according to data from Vietnam’s General Department of Customs.

Japan’s Mitsui buys into Vietnam car maker Tasco Auto

the-shiv August 17, 2024

Data from the Vietnam Automobile Manufacturers’ Association from July found that vehicle sales of the group’s members increased significantly in July over June–about 13 percent. Year on year sales, however, were down, which is in line with broader economic challenges.

Vietnam Stock Reviews: TNG (textiles and garments)

Huong Nguyen August 17, 2024

The textile and garment industry is projected to continue growing in the second half of 2024, however, gross margins are expected to remain under pressure. The 6 percent increase in the minimum wage in Vietnam starting in July 2024, coupled with difficulties in raising product prices because of competition from rival countries, will likely hinder margin growth.