vietnam
The Vietnam category covers economic developments, investment trends, and policy updates specific to the country. It explores market opportunities, trade relations, industry growth, and government initiatives, providing insights into Vietnam’s role in global supply chains, emerging sectors, and foreign business expansion.
Australia’s Timezone video game arcade chain opens 13th Vietnam location
Video games are played widely around Vietnam. There are cyber cafes in the big cities on just about every corner. These are generally long rooms chock full of computers and almost always filled with young Vietnamese playing a broad range of video games. With this in mind, Vietnam’s consumers are well primed for more classic video game experiences like video game arcades.
Buy Now Pay Later market in Vietnam could grow by US$5 billion by 2029: Report
BNPL services are an attractive option for young and budget-conscious shoppers. Major players like Fundiin, Kredivo, and Atome are expanding their presence in Vietnam, partnering with retailers to offer flexible payment options. This trend is expected to continue as digital adoption and consumer demand for flexible credit solutions increase…
Vietnam ceramics exports up 11.3 percent in value August over July
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
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 News Roundup: September 20 to September 26
This week’s Vietnam news roundup covers the latest cosmetic, furniture, and dairy trade data; the State Bank’s latest open market operations; foreign trading on the Ho Chi Minh City Stock Exchange; several key large-scale foreign direct investment projects; an update on the Skoda assembly plant in Quang Ninh; and more.
Vietnam tourist arrivals increase 24.45 percent July over August
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
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.
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
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
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 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…
Becamex IDC (real estate): Vietnam Stock Overview
Industrial land rental prices are on the rise. According to a report by CBRE, in the second quarter of 2024, Tier 1 industrial land rents in the North and the South reached US$134 and US$173 per square meter, up 4.5 percent and 1 percent year-over-year, respectively. This trend is expected to continue, which could provide a significant boost to BCM’s business results as demand for industrial space increases…
Vietnam dairy imports up 7.23 percent August over July
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
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.
Australia’s Commonwealth Bank sells 5 percent of Vietnam International Bank
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.
Why More Foreign Films Aren’t Made in Vietnam
Vietnam’s Ministry of Tourism, Sports, and Culture is headed to Hollywood to pitch Vietnam as a film set in the hopes that Vietnam’s appearance on the silver screen will boost tourist numbers. It will, however, likely take more than simply raising awareness to see more films made in Vietnam with censorship weighing heavily on foreign film productions.
Vietnam’s aquaculture industry takes US$100 million hit from Typhoon Yagi
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.
Vietnam embedded finance market to reach US$2.73 billion by 2029: Report
The rise of embedded finance is significantly reshaping the financial landscape in Vietnam by integrating financial services into non-financial platforms, making them more accessible and user-friendly. This transformation is particularly impactful in a country where traditional banking penetration remains relatively low, but digital adoption is rapidly increasing.
Vietnam non-wood furniture exports up 6.31 percent August over July
Vietnam has emerged as a significant global player in the furniture manufacturing industry. The country’s strategic geographic location, coupled with a relatively skilled workforce and competitive production costs, has positioned it as a key location for furniture production and export…
Vietnam cosmetics imports down 11.2 percent August over July
Vietnam’s imports of essential oils and resinoids, perfumes, cosmetics, and toilet preparations climbed by 11.2 percent in August over July from US$119.7 million to US$133.1 million. Vietnam’s cosmetics imports for the year now stand at US$932 million which represents an increase of 16.7 percent over the same period last year.
In today’s Vietnam news: Crypto transfers to VN not necessary, Novaland bond changes, Perspectives on garment industry, Working hours cut proposed, Adding political component
In today’s Vietnam news: Fuel prices cut, Double-digit growth target reinforced, New airport services delay approval requested, TikTok VN investment, Bybit in Vietnam, LG
In today’s Vietnam news: VN renews antidumping tariffs on Thai sugar, Power supply challenges continue, USTR tariffs forced labour, AMRO growth forecast downgrade, Foreign
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