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.
How African Swine Fever is Reshaping Vietnam’s Pork Market
Vietnam has a bad case of African Swine Fever that it just can’t seem to shake. This is fundamentally reshaping Vietnam’s pork market, which has seen a huge increase in pork imports in recent years. This article looks at how this all started, what’s happening now, and what might happen next.
Almost 6,000 redundancies at Vietnam’s Mobile World so far this year
Mobile World is one of the most active stocks on the Ho Chi Minh City Stock Exchange among foreign investors. Trading under the ticker MWG, shares of the company closed at VND 62,900 a share on Friday. Foreign investors currently own about 46.69 percent of the firm with a foreign ownership cap of 49 percent…
Imported car sales poised to overtake locally made cars in Vietnam
Most of these imports came from Indonesia, Thailand, and China which have seen their car market share in Vietnam grow on the back of the ASEAN-China Free Trade Agreement, or ACFTA, that has seen import tariffs on most small cars with less than 9 seats reduced to zero…
Japan-Vietnam firms partner up on new cinema chain
Of note, for foreign firms, forming a partnership with a local business can reduce some administrative hurdles that go along with starting a business in Vietnam. Specifically, a joint venture will not require an Investment Registration Certificate or IRC…
EU standards warnings on Vietnam produce exports jump
This jump is in line with increased trade between the EU and Vietnam on the back of the European Union Vietnam Free Trade Agreement, commonly known as the EVFTA. Bu thought this agreement may have seen trade soar between the two partners it has also been somewhat challenging for Vietnam to implement. This is not just because of strict phytosanitary measures on produce entering the EU but a number of other stipulations in the agreement, particularly around workers rights.
Vietnamese monkeys have been approved for export to China
Of note, Vietnam hosts the biggest monkey breeding facility in the world, Nafovanny. This is a subsidiary of Vietnam Forest which trades on the Hanoi Stock Exchange under the ticker VIF. The facility has been in operation since back in the 90s.
Vietnam responds to Commerce finding on non-market economy review
“If the US Department of Commerce had reviewed the records and practices in Vietnam objectively and fairly, it would have been able to acknowledge the fact that Vietnam is a market economy,” Vietnam’s Ministry of Industry and Trade has said in a statement.
Hong Kong firm considers Vietnam-based phone component plant
Of note, in June, Vietnam’s phone and component exports surged 18.4 percent month-on-month, reaching nearly US$4.75 billion.This robust growth has solidified Vietnam’s position as the world’s second-largest exporter of smartphones and components.
Vietnam considers rolling back drink-driving penalties
It is not clear what has driven the MPS to suggest these changes, however, it should be noted that the alcoholic beverage industry has repeatedly complained that enforcement of Vietnam’s strict drink driving laws has impacted sales significantly. In fact, Heineken cited the laws as one reason why it had to close a production facility in Vietnam’s Quang Nam province earlier this year.
Vietnam to remain non-market economy: US Department Of Commerce
The United States Department of Commerce has said in a statement that Vietnam will remain a non-market economy for trade remedies purposes. This ends a months long review of Vietnam’s non-market economy status by the department which reached its findings on the back of “sustained and pervasive government influence” over
World Bank recommends Vietnam raise alcohol excise tax to 155 percent
The World Bank reportedly does not believe the current tax increase slated for beer and wine in Vietnam are sufficient–The Ministry of Finance has a plan on the table to increase the SCT to 90 percent for beer and between 60 to 100 percent for wine and liquor. This would be an increase from 65 percent on beer and between 35 and 65 percent for wine and hard liquor depending on the alcohol content…
Hong Kong based Apple supplier to build aluminium factory in Vietnam
This move aligns with the rapidly growing demand for aluminum in Vietnam spurred by new factories belonging to major electronics manufacturers from Taiwan and South Korea, like Foxconn and LG–Foxconn has announced an increase in its investment in Vietnam to US$52.6 million, and LG is set to complete its factory complex in 2025 doubling its investment in Vietnam.
Vietnam News Roundup: July 26 to August 1
This week’s Vietnam news roundup covers foreign trader stock market activity, credit growth, the consumer price index for July, foreign direct investment data, S&P’s Purchasing Managers’ Index, an EU dumping complaint against Vietnamese steel, and more…
[press release] Rockbird Media Brings Retail, E-Commerce Summit to Vietnam
The issuer is solely responsible for the content of this announcement. Ho Chi Minh City, Vietnam – Following the successful run of the Retail & E-Commerce Summit Asia (RESA) across Southeast Asia, rockbird media is thrilled to unveil the next chapter of the summit in a new destination: Vietnam. Under
Vietnam on track to become world’s fifth-biggest coal importer
The International Energy Association Coal Mid-Year Update 2024 has found that Vietnam is on track to become the fifth biggest importer of coal in the world. Vietnam’s coal imports were up 38.6 percent in terms of volume and 14.5 percent in terms of value by the end of June…
Vietnam Purchasing Managers’ Index remains steady at 54.7: S&P Global
S&P Global’s Vietnam Purchasing Managers’ Index recorded 54.7 points in July which was the same as in June. S&P Global says this was on the back of a ‘substantial rise’ in new orders. It does, however, note that to fulfil these orders firms relied largely on finished goods already on
India’s Adani considering Vietnam seaport, airports, thermal power investments
Of note, Adani is currently invested in just two projects in Vietnam, a wind power plant and a solar power plant the latter of which has run into problems with poor infrastructure forcing the plant to curb power production back in 2022.
Is a Sugar Tax Right for Vietnam?
A sugar tax has been on the cards for Vietnam for some time now and may be drawing closer to becoming a reality. It has, however, been met with broad push back from industry and industry groups. This article looks at the public debate around a possible sugar tax in Vietnam, the impact it might have, and what foreign-owned businesses should be mindful of in this context.
Dumping complaint received by European Commission RE: Vietnamese steel
Trade remedies against Vietnam’s exports have increased significantly in recent years in large part due to Chinese firms using Vietnam as a thoroughfare to avoid tariffs on Chinese exports in other parts of the world. Electric bikes and solar panels, for example. It’s not clear that this is the case with HRC but if the EU finds as such it should not come as a surprise…
Korea, US partnership on rare earths to boost industry in Vietnam
Of note, the US Geological Survey’s Mineral Commodity Summaries 2024 estimated Vietnam’s rare earth reserves to be in the vicinity of 22 million tons. China, which has the largest reserves, for comparison, is estimated to have double that at 44 million tons, and Brazil which comes in third place has roughly 21 million tons. But having all of these reserves is one thing, getting them out of the ground is quite another…
In today’s Vietnam news: MB Bank expanding lending to Novaland, MB Bank Sungroup lending, Bond reform proposed, Net-zero financing needs, Fuel price changes, Black
In today’s Vietnam news: Foxconn expansion, No GMT for BOT projects proposed, Land prices falling, Cassava chip export restrictions proposed, Diamond trade as conditional
In today’s Vietnam news: VAT cut extension proposal, FDI recorded Jan – July, Bamboo Airways adds flights, Carbon market stalls, HCMC data centre capacity,
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