Manufacturing & Industry

The State Bank has clarified a new decree that was issued to clarify what is and is not considered electronic money. Specifically, the bank has said that the absence of a mention of cryptocurrency in the new decree means that it is in fact not regulated as opposed to media

Of note, back in March it was reported that the a submission had been made by Vietnamese meat producers to the Government of Vietnam requesting additional technical barriers on imported meats. This was necessary, they argued, to level the playing field with other meat producing countries.

The company, Lavreco, which is a subsidiary of Vinacomin-Minerals Holding Corporation which is part of state-owned miner Vinacomin, has had the licence on the mine for over ten years but progress has been slow.  Of note, the company recorded revenue of just US$9,800 in 2022…

Authorities in Vietnam have been talking about regulating cryptocurrency for some time. Definitive regulations, however, have been somewhat elusive with parties engaged in the cryptocurrency trade relying on a patchwork of other regulations–digital payments guidelines, for example, to guide the industries development…

Netflix and the MIC have been at loggerheads for years now over compliance with the Cybersecurity Law with Netflix resisting demands from the MIC to open a local office. It’s not just Netflix either. The MIC wants all cross-border service providers to have a presence in Vietnam, ostensibly so that the ministry can better enforce its…

EVN has said reports it had asked Apple supplier Foxconn to voluntarily reduce its power use by 30 percent, are incorrect. The original source of the report was a Reuters article based on information provided by ‘two people familiar with the matter’. In the interests of deciphering what’s true and what’s not, there are a few points to consider…

Back in December banks went on a lending frenzy as they tried to make up for lacklustre credit growth throughout 2023 by cramming it all in at the end of the year. This saw very aggressive marketing campaigns take place and this led credit to…

Needless to say, local producers have cried foul and argue that Chinese steel is being dumped on the Vietnam market. They have reportedly requested that the Ministry of Industry and Trade initiate an anti-dumping investigation…

Of note, in a Department of Commerce hearing a couple of weeks ago, the core argument made by opponents of Vietnam’s redesignation as a market economy, was that Vietnam was being used as a conduit for Chinese goods looking to circumvent US trade restrictions. In this context, this latest development, especially in an election year, could speak to the thinking at the White House on the matter, in that it may not want to be seen as allowing this sort of thing to happen and, by extension, may also not want to be seen as supporting Vietnam’s efforts to be designated a market economy.