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.
Chinese electronics firm receives in-principal support for project in northern Vietnam
China’s Perfect Light, a wafer technology firm, is looking to build a US$51.5 million project in Vietnam’s Hai Duong province, The Investor is reporting. The project would take up 9 hectares of Cong Hoa Industrial Park and employ an estimated 700 people when completed.
Singapore packaging firm to expand investment in southern Vietnam
Singapore’s Tetra Pak is set to add another US$43 million to its investment in southern Vietnam’s Binh Duong province, The Investor is reporting. The investment brings the total value of its investment to US$173 million. The company currently manufactures a range of packing products in the country.
Singapore, Malaysia real estate firms launch US$241.1 million joint project in Vietnam
Singapore’s CapitalLand and Malaysia’s United Overseas Australia are working together to develop a mixed-use real estate project with US$247.1 million in Vietnam, The Investor is reporting. No details are provided regarding where the project will be developed.
VN-Index up 2.13 (+0.19 percent) to close at 1,127.63, December 12
The VN-Index finished Tuesday up 2.13 points to close at 1,127.63 points.
British diplomatic cables raise series of concerns about Vietnam’s JETP
British diplomatic cables seen by Political reveal a number of concerns about how Vietnam’s Just Energy Transition Partnership Resource Mobilisation Plan was put together, the publication reported December 8. Politico’s article has a number of choice quotes that reveal the development of the plan and its implementation may not be
Fitch Ratings gives Vietnam a BB+ rating with a stable outlook
Rating agency Fitch Ratings has upgraded Vietnam’s rating from BB to BB+ and said the outlook is stable, according to a press release December 8. The upgrade was based on: robust foreign direct investment (FDI) inflows; and confidence… property-sector stresses, weak external demand and delays in policy implementation owing to
Vietnam coffee consumption to increase 32 percent by 2027: Euromonitor
Vietnam will lead growth in coffee consumption in Southeast Asia with Euromonitor predicting the local market to grow by 32 percent, Nikkei Asia is reporting. However, the article notes that competition is fierce and that many local brands in Vietnam are expanding overseas. See also: How to Open a Cafe
Vietnam’s insurance market records strong growth despite bad press
The total assets of insurance companies in Vietnam reached almost VND 913.37 trillion (US$$37.6 billion) in the first 11 months of 2023, up 11.12 percent year-on-year, Vietnam News reported citing Vietnam’s Ministry of Finance data. It also reported that total equity of insurance firms in Vietnam was estimated to be
Airfare price caps weigh on recovery from pandemic for Vietnam’s airlines
Vietnam’s airline industry is urging the government to remove price caps on airfares with many local airlines still struggling to recover from accumulated losses during the pandemic, The Star is reporting. “Domestic airlines have seen recoveries in revenues, but the sharp increase of input costs undermines their profits, which makes
Chinese coffee chain opens first Vietnam store in HCMC
China’s Cotti Coffee has opened its first store in Ho Chi Minh City, the World Coffee Portal is reporting. This is in line with a number of international coffee chains looking to enter Vietnam’s consumer coffee market. Data included in the article claims Vietnam to be East Asia’s fifth biggest
US senators call for halt of Vietnam non-market economy status review
A handful of US senators have called for a halt to a review of Vietnam’s designation as a non-market economy (NME), Politico is reporting. It cites this letter signed by US senators JD Vance, Josh Hawley, and Tom Cotton which says “the recently announced process defies both normal order and
Nvidia considering establishing ‘base’ in Vietnam
Nvidia’s CEO, Jensen Huang, met with the Prime Minister of Vietnam this week and discussed expanding Nvidia’s presence in the Southeast Asian nation, Reuters is reporting. The company already has investments in the country of US$250 million. Specific details of any future investments have not been provided as yet.
VN-Index gains 1.06 points (0.09 percent) to close at 1,125.50, December 11
The VN-Index gained 1.06 points Monday to finished the day at 1,125.50 points. Foreign traders continues to net-sell pulling another US$17 million from the market, making the total withdrawn in the last five trading sessions to US$157 million. Most traded among foreign investors were all banking stocks today. Foreign investor
Starlink Vietnam: Possibility or Pipedream?
Earlier this year representatives of Elon Musk’s Starlink met with government officials to discuss launching Starlink in Vietnam. But whereas talks reportedly went well, seeing this ambition realised may be more complicated. The internet has played a key role in Vietnam’s economic development. It’s brought new ideas, greater access to
Singapore bank predicts Vietnam interest rates steady in 2024
Singapore’s United Overseas Bank (UOB) has said it believes the State Bank of Vietnam (SBV) will keep rates on hold next year to boost growth, Vietnam Plus is reporting. The UOB predicted back in September that rates would be cut before the end of this year, but this has not
Banking data breaches behind majority of financial fraud in Vietnam
A total of 15,900 cases of financial fraud have been reported this year with 91 percent related to data breaches at banks in Vietnam, VN Express is reporting. Why it matters: The recently passed Personal Data Protection Decree requires foreign firms to store the data of Vietnamese users in Vietnam.
TikTok investigation update reveals only four of nine conditions met
The results of an inspection into TikTok earlier this year by Vietnam’s Ministry of Communications (MIC) listed nine points that the company needed to address in order to be compliant with Vietnamese regulations but it has only complied with four so far, Saigon News is reporting. Those four are: strengthening
Vietnam Airlines to follow Vietjet and fly direct to Perth
Vietnam Airlines has announced it will fly direct to Perth, Australia, from Ho Chi Minh City three times a week, VN Express is reporting. The airline intends to extend the flight frequency to five flights a week by 2024. In September 2021, Vietnam’s Bamboo Airways began operating direct flights from
VN-Index up 2.85 (0.26 percent) to close at 1,124.44, December 8
The VN-Index has finished the week in positive territory, up 2.85 points or .26 percent, to finish the day at 1,124.44. Foreign traders, however, continued to net-sell to the tune of another US$18.5 million bringing their combined total for the week to just over US$163 million. Notably, there are limits
Taiwan firm starts work on machine factory north of Hanoi
Taiwan’s Lioho Machine Works has started building a factory in Vinh Phuc north-west of Hanoi, The Investor is reporting. The project is reportedly worth US$75 million and is set to cover five hectares. When complete it will produce car parts, farm equipment, and pumps.
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