Other Briefings
Vietnamese Seafood Exports Strong in 2014 but Difficult to Maintain in 2015
Vietnamese seafood exports surged in 2014 with an export turnover of US$7.9 billion, its highest point in three years. This exceeded the target of the Vietnam Association of Seafood Exporters and Producers (VASEP) by US$920 million and was an 18.4 percent increase on 2013. The main seafood exports from Vietnam, by value of exports, are frozen shrimp, pangasius catfish, tuna and other fish, mollusks and crustaceans.
Debate Continues Over Reducing Import Tariffs for Vietnam’s Automobile Industry
Uncertainty surrounds the Vietnamese auto industry at the moment, as separate branches of the government support different policy packages. If applied, these measures are poised to jumpstart growth in Vietnam’s already impressive sales of new cars.
Vietnam Coffee Production to Decline in 2015
Global coffee demand is expected to increase over the next year, however production in Vietnam, the world’s second largest producer of robusta beans, is forecast to decline due to factors such as inclement weather, aging trees, lack of moisture, and disease. Additionally, many Vietnamese farmers have been holding back their crops from the market as a way to further increase prices.
Setting Up a Foreign-Owned Travel Business In Vietnam and China
Tourism is no big business throughout Asia. With its rising middle class, Chinese tourists are traveling throughout the region. Countries like Vietnam are seeing significant growth in their tourism industries. As a result, more and more companies are looking to set up operations in the region. In this article we look at the regulations around setting up a tourism company in Vietnam and China, and give you a brief snapshot into each countries tourism industry. There are a number of important differences between the regulations of the two countries and it is important to consult a professional before moving forward with your operations.
Vietnam Loosens Housing Laws for Foreign Investors
The Vietnamese government has liberalized its Housing Laws related to property ownership by foreigners. Foreigners will now be allowed to lease or own a maximum of 30 percent of the apartments in a condominium building and up to 250 houses in a ward-level populated area, excluding those in the areas of defense security. In addition, foreigners entering Vietnam with valid entry visas will be able to acquire a 50-year leasehold tenure.
Key ASEAN Industries in Vietnam for Foreign Investors
As Vietnam experiences greater integration into the ASEAN community the country is seeing strong growth in a number of industries, among the key business areas are electronics, information and communications technology, textiles and apparel, and medical devices. Foreign investors seeking to find the next manufacturing destination after China, would be well advised to look closely at this dynamic country. In this article we provide a snapshot into each industry within Vietnam and provide context within the wider ASEAN region.
Vietnam Footwear Industry Sees Growth Ahead of TPP
The upcoming Trans-Pacific Partnership (TPP), a US-led free trade agreement, is expected to have strong positive effects on Vietnam’s footwear industry. Once implemented, the TPP will reduce tariffs on most Vietnamese exports to the US to zero.
Vietnam Sees Strong Growth in Auto Sales
The Vietnam Automobile Manufacturers’ Association (VAMA) has announced that August was the 17th consecutive month of auto sales growth within the country. The month saw a 59 percent year on year increase, with total sales of 12,562 units. Total sales for 2014 are now forecast to be 130,000 units, representing an 18 percent growth year on year.
Intel Builds First Made-in-Vietnam CPU
On July 29, Intel announced that it had produced the first made-in-Vietnam CPU. By the end of this year, Intel expects to manufacture 80 percent of their CPUs for the world market in Vietnam.
Vietnam Could Become World’s Largest Coffee Producer and Exporter
Vietnam could become the world’s largest producer and exporter of coffee. Currently, the country is the world’s second largest coffee exporter, behind only Brazil. However, many experts believe that Vietnam has the potential to overtake Brazil thanks to its favorable climate conditions, lower cost production and a bumper coffee crop.
