A different perspective on Vietnam’s economy and doing business in Vietnam. Make sure to  subscribe.

Day: September 21, 2024

Last-Mile Delivery in Vietnam in 2024

The last-mile delivery sector in Vietnam is undergoing rapid transformation driven by the e-commerce boom and evolving consumer expectations. Despite challenges such as infrastructure limitations, high costs, and logistical complexities in rural areas, the industry is poised for growth through technological innovation and strategic partnerships. Emerging trends like AI-driven optimization, micro-fulfillment centres, and alternative delivery methods are shaping the future of last-mile delivery in the country.

Read More »

Vietnam’s Pharmaceuticals Law: Overview 2024

Vietnam’s Pharmaceuticals Law regulates the production, distribution, and use of pharmaceutical products to ensure their safety, efficacy, and quality. It establishes strict standards for drug registration, licensing, and compliance, and mandates oversight by the Ministry of Health to protect public health and promote the development of the domestic pharmaceutical industry.

Read More »

Vietnam’s Natural Resources Tax

Vietnam’s Natural Resources Tax is enforced through a regulatory system managed by the General Department of Taxation. Entities exploiting natural resources must register, declare their extraction volumes, and make monthly tax payments. The tax is calculated based on the type and volume of resources extracted and the applicable tax rate. Regular inspections and audits are conducted to ensure compliance, and penalties are imposed for non-compliance, such as fines or operational suspensions.

Read More »

Skoda assembly plant in northern Vietnam almost ready-to-go

A new assembly plant for the Czech Republic’s Skoda vehicles is set to go into operation later this year in northern Vietnam, The Investor is reporting. The plant in Quang Ninh province is 90 percent complete, according to the firm, and began a trial run back in May. Set on 36.5 hectares the factory will add a capacity of 120,000 vehicles a year to Vietnam’s automotive industry…

Read More »

Cost of eating out in Vietnam rises .26 percent in August over July

Vietnam’s food and beverage industry has experienced huge growth in recent years, driven by a combination of factors including rapid urbanisation, rising disposable incomes, and a burgeoning middle class. That said, Vietnam recorded a fall in food and beverage outlets of 3.9 percent from the start of the year to the end of June, according to food and beverage point of sale technology provider iPOS. The bulk of this fall was in Ho Chi Minh City which recorded a contraction in the number of outlets of about 5.97 percent.

Read More »

Vincom Retail: Vietnam Stock Overview

Notably, VRE has successfully opened three Vincom Plaza malls and one Vincom Mega mall so far this year. It had initially planned to open six malls this year, but one mall is set to be delayed until 2025…

Read More »