Manufacturing & Industry
This category focuses on industrial production, from electronics and textiles to automotive and heavy industry. It covers FDI trends, supply chain developments, factory expansions, and government regulations shaping the industrial landscape. As a key driver of economic growth, manufacturing plays a crucial role in global supply chains, technological advancements, and industrial competitiveness.
Education services prices in Vietnam rise .14 percent August over July
In Vietnam, the cost of education services varies widely based on the type and level of institution. Public schools are generally affordable due to government subsidies, making them accessible to most families. Private and international schools, however, are significantly more expensive…
Mobile World (retail): Vietnam Stock Overview
In the first six months of 2024, MWG’s revenue increased by 15 percent compared to 2023 due to a broader economic recovery, stimulating consumer spending. Profit after tax also surged to US$84.1 million compared to US$1.6 million in the first half of 2023. This improvement was primarily driven by strategic restructuring efforts–the company laid off 5,936 workers and closed a bunch of underperforming stores…
Trump golf course could be on the cards for northern Vietnam
Of note, historically Trump has been a popular figure in Vietnam. A Pew Research Centre survey in 2017, not long after Trump was elected president of the United States, found that Vietnam was just one of a handful of countries of the 37 surveyed where the majority of respondents had confidence in the real estate developer and reality TV star…
FIFA launches tender for World Cup 2026 media rights for Vietnam
At this early stage it’s not clear how much the broadcast rights might cost, but in football mad Vietnam they are likely worth a lot. Notably in 2018, Vietnam’s VTV broadcaster paid an estimated US$12 million and for the 2022 World Cup paid US$14 million…
Beer production in Vietnam falls .1 percent in August over July
Of note, Vietnam’s beer industry has been struggling since COVID on the back of a change in consumer behaviour, broader economic challenges that have reduced spending power, an increase in beer imports, and stronger enforcement of drink-driving laws…
Ministry proposes solid nine-day stretch for Tet holiday in Vietnam in 2025
Notably, in 2024, the holiday ran from Thursday, February 8 to Wednesday, February 14 leaving just two days to be worked in the week, and in 2023 it ran from Friday January 20 to Thursday January 26, leaving just one working day left in the week. In this context, a continuous nine-day break would be a welcome change.
Can Vietnam Survive the Steel-Trade Wars?
Cheap Chinese steel is flooding markets around the world causing headaches for local steel makers. This has led to anti-dumping investigations in a number of countries that look to have caught Vietnam in the crossfire. It is not, however, going quietly but launching its own anti-dumping investigations as well. In this context, this article looks at what has happened to Vietnam’s steel industry, how it is responding, and what that might mean moving forward.
Thai retail chain opens new mall in northern Vietnam
Of note, Central Retail recorded revenue in Vietnam of about US$777.4 million in the first half of this year. This was up from US$760 million last year. It was, however, also in the context of a 0.8 percent fall in sales in the Vietnam market for the retailer…
Vietnam electronics exports up 14.5 percent August over July
Vietnam’s exports of computers, electrical products, and spare parts and components thereof, climbed by 14.5 percent in August over July from US$5.9 billion to US$6.76 billion. Vietnam’s electronics exports for the year now stand at US$46.4 billion which is an increase 28.9 percent over the same period last year…
Electricity production in Vietnam up 2.1 percent in August over July
Of note, the bulk of that power has come from burning coal with hydropower plants being used as back up in order to avoid the power outages that plagued the northern provinces last year. Coal production in Vietnam, however, has fallen this year by about 12.3 percent. Consequently, there has been a spike in coal imports this year of 32.7 percent by value and 16 percent by volume.
Typhoon Yagi estimated to have caused US$1.63 billion in damage in Vietnam
That said, there may be more costs to come with factories and manufacturing facilities damaged across the northern provinces–the Ministry is estimating that Vietnam’s economy could take a hit this year of .15 percent from typhoon Yagi…
Vietnam Ministry officially tasked with researching nuclear power for Vietnam
Of note, during Vladimir Putin’s brief two-day visit to Hanoi last week back in June, the Russian president oversaw the signing of a memorandum of understanding between Russia’s Rosatom State Nuclear Energy Corporation and Vietnam’s Ministry of Science and Technology. If realised, the agreement would see the former assist the latter to establish a Nuclear Science and Technology Center in Vietnam with a Russian nuclear reactor…
Two foreign firms warned against ads on restricted content in Vietnam
The MIC maintains a blacklist and a whitelist of places where advertisements can and cannot be shown which is supposed to make it easier for advertisers to avoid breaking the rules. In reality, however, both lists are very short and severely limiting, making it difficult on a practical level for advertising firms to comply…
Vietnam coffee exports up 5.5 percent August over July
Vietnam’s coffee exports climbed by 5.5 percent in August over July from US$381.2 million to US$402.2 million. Vietnam’s coffee exports for the year now stand at US$4 billion which is an increase 35.6 percent over the same period last year. That said, Vietnam has seen a decline in the volume of coffee exports of 12.1 percent year-on-year.
Cross-border service providers see jump in tax payments in Vietnam year-on-year
Cross-border service providers that do not have an office in Vietnam have been required to pay tax under Vietnam’s Foreign Contractor Tax regime since 2021. Of note, most of these firms are actually required to open local offices per the Law on Cyber Security, however, few of them have with foreign firms in local offices set to “bear stricter supervision and satisfy more requirements,” according to the Ministry of Information and Communication…
US automotive manufacturer inaugurates second Vietnam factory
Motorcycle sales, despite a decline of 16.21 percent in 2023 compared to 2022, still far exceeded car sales. The comparison between the over 2.5 million motorcycles sold and just over 214,000 passenger cars sold underlines how deeply motorcycles are integrated into daily life…
Vietnam coal imports shrink August over July
Vietnam’s coal imports in terms of volume fell by 23.7 percent, and in value by 18.3 percent in August over July, according to Vietnam’s General Department of Customs. Coal imports for the year, however, are still up by 32.7 percent in terms of value and 16 percent in terms of
Vietnam footwear exports down 2.1 percent August over July
Vietnam’s footwear exports fell by 2.1 percent in August over July from US$2.12 billion to US$2.08 billion. Footwear exports for the year, however, have reached US$14.95 billion which is an increase of 10.5 percent over the same period last year. The biggest recipients of shoes made in Vietnam in August were the United States, China, and the Netherlands.
Saigon Beer Alcohol Beverage Corporation: Vietnam Stock Overview
Notably, Sabeco is looking to acquire a majority stake in Saigon Binh Tay Beer Corporation, commonly known as Sabibeco Group, which produces beer under the Sagota brand. If Sabeco succeeds in taking control of Sabibeco, it would overtake Heineken as the largest beer producer in Vietnam…
Vietnam News Roundup: September 6 to September 12
This week’s Vietnam news roundup covers trade remedies against Vietnamese steel tubes, import and export data for August, corporate bond issuances last month, as well as an update on registered FDI in Vietnam this year, and a planned beer company takeover, and more!
Vietjet’s parent company calls for stronger aircraft leasing protections just weeks after a UK court authorised the seizure of the airline’s overseas assets. Meanwhile,
In today’s news brief: HP and Asus shift production back to China, Tesla begins hiring in Vietnam, Saigon Commercial Bank closes all but three
In today’s briefing: LPBank’s construction lending has surged 127 percent following revelations that Vingroup’s chairman and his wife became major shareholders. Meanwhile, Vietnam faces
This is an interview with Chris Walker, a Vietnam Sourcing Expert with Vietnam Factory Tours how rising oil prices and the Middle East crisis are
This is an interview with John Gardner, CEO and Founding Partner, at Optimum Hospitality in Ho Chi Minh City. It covers fuel price impacts on:
This is an interview with Dr Nuno F. Ribeiro, Associate Professor, International Tourism & Hospitality Management at Copenhagen Business College, formerly of RMIT Vietnam. It