The health supplements market in Vietnam has experienced significant growth in recent years, driven by increasing health awareness, rising disposable incomes, and a rapidly growing middle class…

Vietnam’s Auto-Insurance Industry: Overview 2024

the-shiv September 27, 2024

Auto-insurance in Vietnam includes compulsory civil liability insurance and optional coverages such as physical damage and personal accident insurance. Compulsory insurance is mandated by law and covers third-party injuries and property damage caused by the insured vehicle. Optional products provide additional protection against risks like theft, natural disasters, and accidents involving the insured vehicle. The motor insurance market is growing, driven by increased vehicle ownership and regulatory enforcement, with leading providers offering a range of products.

Vietnam’s Life Insurance Industry: Overview 2024

the-shiv September 27, 2024

Life insurance in Vietnam has experienced significant growth and transformation over the past decade, driven by an expanding middle class and increasing awareness of financial planning and risk protection. The life insurance market in Vietnam is diverse, with a range of products offered by both local and international insurers.

Vietnam’s Health Insurance Industry: Overview 2024

the-shiv September 27, 2024

Health insurance in Vietnam is primarily structured into two categories: Social Health Insurance (SHI) and Private Health Insurance (PHI). SHI, managed by Vietnam Social Security (VSS), is mandatory for employees, students, and civil servants, covering basic medical services like outpatient and inpatient care, chronic disease management, and maternity services…

English Teacher Certification in Vietnam 2024

the-shiv September 27, 2024

Decision Number 4159/QD-BGDDT, issued on December 6, 2023, by the Ministry of Education and Training (MOET) of Vietnam, outlines a training program and certification for foreigners teaching English at language centres and IT centres in Vietnam….

Vietnam ceramics exports up 11.3 percent in value August over July

the-shiv September 27, 2024

Vietnam’s ceramics exports climbed by 11.3 percent in August over July from US$51.1 million to US$56.9 million. Vietnam’s ceramics exports for the year now stand at US$425 million which represents an increase of 9.2 percent over the same period last year.

Vinhomes (real estate): Vietnam Stock Overview

the-shiv September 27, 2024

According to reports by CBRE, in the second quarter of 2024, average selling prices of condominiums in the primary markets of Hanoi and Ho Chi Minh City reached approximately US$2,438 and US$2,560 per square meter, reflecting a year-over-year increase of 25 percent and 6 percent, respectively. Furthermore, they are expected to rise by approximately 22 percent and 5 percent year-on-year by the end of 2024…

Vietnam tourist arrivals increase 24.45 percent July over August

the-shiv September 26, 2024

Vietnam’s tourism industry welcomed 1.43 million tourist arrivals in August, an increase over July of 24.45 percent. The biggest growth was seen in visitors from Asia which were up 26.77 percent with 248,606 more Asian visitors in August than in July. Visitors from Europe also saw a significant boost of about 44.64 percent, however, notably this was from a low base. In real numbers visitors from Europe reached 149,102, up from 103,084 in July.

Indonesia officially applies to join Vietnam, others in CPTPP

the-shiv September 26, 2024

Of note, the Indonesian and Vietnamese economies are relatively similar. They are both export oriented and have developed quickly by providing abundant low-cost abundant labour to global manufacturing. As such, the two countries often compete for foreign direct investment projects. In this context, Indonesia’s ascension to the agreement could chip away at Vietnam’s edge over its neighbour to the south.

Lack of bilingual reports ‘major barrier’ for foreign investors in Vietnam: HDCapital Exec.

the-shiv September 26, 2024

Of note, Vietnam is currently courting an upgrade from FTSE Russell and MSCI from a frontier market to a secondary emerging market and an emerging market, respectively. One issue raised has been disclosure standards…

Vietnam garment and textile exports up 9.1 percent in value August over July

the-shiv September 26, 2024

Vietnam’s garment and textile exports climbed by 9.1 percent in August over July from US$3.7 billion to US$4.1 billion. Vietnam’s garment and textile exports for the year now stand at US$24.4 billion which represents an increase of 8.1 percent over the same period last year.

BIDV (banking): Vietnam Stock Overview

the-shiv September 26, 2024

In the first half of 2024, BIDV achieved improved performance, with total operating income and net profit rising by 8.3 percent and 12.1 percent year-over-year respectively. This growth was primarily driven by a significant increase in corporate loans for commercial production and mortgage loans, as well as gains in trading and forex-related income.

ADB holds on Vietnam GDP forecast but ‘significant uncertainties on the horizon’

the-shiv September 25, 2024

The Asian Development Bank has released its Asian Development Outlook report for September in which it keeps its growth forecast for Vietnam for this year at 6 percent. It also forecasts 6.2 percent for 2025. The publication notes that there are ‘significant uncertainties on the horizon’ alongside several key observations…

List of Vietnam’s Free Trade Agreements 2024

the-shiv September 25, 2024

Vietnam has signed multiple Free Trade Agreements with various countries and regions. These agreements aim to reduce or eliminate tariffs, enhance market access, and promote economic cooperation across diverse sectors such as textiles, machinery, and agriculture. This is in line with a broader strategy of export-led economic development.

Vietnam dairy imports up 7.23 percent August over July

the-shiv September 25, 2024

Vietnam’s imports of milk and milk prpoducts by 7.23 percent in August over July from US$101.5 million to US$108.9 million. Vietnam’s milk and milk products imports for the year now stand at US$744.4 million which represents decline of 6.9 percent over the same period last year.

Vietnam’s top universities by revenue pull in US$724 million in 2023

the-shiv September 25, 2024

At least ten universities in Vietnam pulled in revenues of more than VND 2 trillion or US$40.8 million last year, according to analysis from VN Express. Of the ten universities six were public and four were private.

Vietnam’s Yogurt Market: Overview 2024

the-shiv September 24, 2024

The yogurt market in Vietnam has shown significant growth, driven by increasing consumer demand for healthy and nutritious food options. Local brands like Vinamilk and TH True Milk dominate the market, offering a diverse range of products, including traditional, Greek, and functional yogurts. Foreign brands such as Yakult and Meiji are also present, catering to premium and niche segments. There is, however, plenty of room for more.

Vietnam’s Cheese Market: Overview 2024

the-shiv September 24, 2024

Vietnam’s cheese market, although relatively young compared to other dairy markets, is experiencing rapid growth, driven by increasing consumer awareness and changing dietary habits. As Vietnam’s middle class continues to expand and disposable incomes rise, the cheese market is expected to see further diversification and growth.

Australia’s Commonwealth Bank sells 5 percent of Vietnam International Bank

the-shiv September 24, 2024

This comes after it was announced back in June that the Australian bank would be divesting from the company which VIB’s board of directors reportedly only learned about after the State Bank of Vietnam approved the move. The Commonwealth Bank held a 20 percent stake in the bank at the time.

Vietnam’s aquaculture industry takes US$100 million hit from Typhoon Yagi

the-shiv September 24, 2024

Vietnam’s aquaculture industry has experienced significant growth in recent years, becoming a major contributor to the country’s economy through Vietnam’s billion-dollar seafood export industry. This damage to the sector will likely see Vietnam’s seafood exports take a significant hit in the near-term.