Economy & Trade

Hung Yen Rises as a Prime Destination for Foreign Investment in Vietnam in 2024

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With new and adjusted capital totaling US$1.7 billion—recorded between January to September 2024—Hung Yen province is attracting international attention, especially from major investors like Japan, China, and South Korea.

Vietnam’s On-Spot Export and Import Regime

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The management of on-the-spot export and import activities in Vietnam has exposed certain shortcomings, prompting the government to plan reforms to align with international standards and ensure fairness across different types of businesses.

Resurgence of Enterprises in Vietnam in First 9 Months of 2024

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Nearly 121,900 new enterprises were established in the first nine months of this year in Vietnam, with total registered capital at around 1.158 quadrillion VND.

Bac Ninh Attracts Most FDI in Vietnam During First 9 Months of 2024

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Bac Ninh province has emerged as a leader in foreign direct investment (FDI) attraction in Vietnam, securing over US$4.2 billion in investments from January to September 2024.

An Introduction to Vietnam’s Leading Import and Export Industries

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We discuss Vietnam’s top import and export industries, including electronics, pharmaceuticals, coffee, automotive, and textiles.

IMF Projects 6.1% Growth for 2024 for Vietnam Amid Challenges

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In its September report, the IMF revised its GDP growth forecast for Vietnam in 2024 up to 6.1%, with GDP reaching US$468.5 billion.

The Footwear Market in Vietnam: Trends and Opportunities

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The footwear market in Vietnam is on a steady growth trajectory, driven by an expanding customer base, growing middle-class population, and evolving preferences. We discuss the key market trends and Vietnam consumer outlook to 2030.

Samsung’s US$1.8 Billion Investment to Boost Vietnam’s OLED Manufacturing Capacity

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Samsung Display Co. will invest an additional US$1.8 billion in a new OLED manufacturing plant in Bac Ninh province in northern Vietnam. This is in keeping with Samsung’s commitment to invest around US$1 billion per year in Vietnam.

Managing Your Vietnam Business Recovery in the Aftermath of Typhoon Yagi

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We discuss the business recovery process and key banking, insurance, tax, and risk management considerations for impacted firms and factories in the aftermath of Typhoon Yagi.

Impact of Typhoon Yagi on Vietnam: Economic Damage and Recovery Efforts

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The full extent of Typhoon Yagi’s damages in Vietnam is still being assessed, with several key sectors severely impacted. To expedite economic recovery, the government has instructed relevant ministries and agencies to develop comprehensive recovery plans.

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