Other Briefings
FDI in Dong Nai Soars
Dec. 19 – Vietnam’s southern province of Dong Nai attracted more than US$1.6 billion in foreign direct investment (FDI) in 2013, making it one of the country’s fastest growing localities. On Sunday, Dong Nai’s provincial Department of Planning and Investment (DPI) reported that US$843 million had been invested in 78 planned projects and US$773 million […]
Vietnam’s Retail Sector is a Clear Buy
By Edward Barbour-Lacey HCMC – One of the most exciting industry sectors in Vietnam continues to be retail. There are numerous reasons why this industry is particularly attractive to both domestic and foreign businesses. Among its positive attributes, the country has a well-developed economy that continues to improve, a high population (90+ million) and ever […]
World Bank Bi-Annual Assessment: Vietnam
Dec. 4 – The World Bank (WB) released its bi-annual assessment of Vietnam’s economy Monday, projecting that the country’s macroeconomic stability will continue to improve considerably in the medium-term. The report entitled The Taking Stock estimates that Vietnam’s GDP will continue to grow 5.5 percent by 2015. If the country continues to move forward with […]
Vietnam’s Airline Industry Takes Off
According to the International Air Transport Association, over the next year Vietnam should become the world’s third-fastest growing market for international passengers and freight. It will also be the second-fastest growing market for domestic passengers.
Vietnam, World’s Second Largest Garment Sourcing Country
Oct. 14 – Vietnamese garment makers are further intensifying their competition with Bangladesh as it seeks to take an even larger portion of the global clothing market thanks to being on the cusp of being placed within the U.S.-based generalized system of preferences (GSP). Specifically, the GSP is a trade privilege scheme which has been […]
Vietnam Attracts Greater Foreign Investment into Retail Sector
Sept. 4 – A number of Asian firms have begun to eye Vietnam as a potential “Blue Ocean” market thanks to the country’s emerging retail sector and the annual growth rate of its consumer goods trade (which hovers around 23 percent). Vietnam’s growth is much higher in comparison to the growth rates throughout the rest […]
Vietnam Looks to Relax Foreign Property Ownership Laws
HANOI – Vietnam’s Ministry of Construction has recently proposed to relax its real estate laws in order to allow a greater amount of foreigners and foreign organizations to buy property in the country as part of an effort to reduce real estate inventory. Specifically, the Ministry proposed that organizations such as foreign investment funds, banks, […]
Construction of Mui Ne Airport Expected to Boost Regional Tourism
May 10 – The residents of Phan Thiet City in Vietnam’s central Binh Thuan province can soon expect an influx of tourists as a new airport is built in the area, scheduled for opening in 2017. Plans for the airport have already been submitted to the central government for approval. The airport, which reportedly will […]
Vietnam Resumes Exporting Fruit To EU After Hiatus
May 9 – After a 15-month hiatus, Vietnamese produce exporters are now allowed to resume shipments of fruits and vegetables to the European Union (EU) after Vietnam’s plant protection department agreed to re-issue quarantine certificates. Exports will resume as normal starting June 30. Vietnam’s plant protection department stopped issuing certificates in March 2012 in an […]
Vietnam Central Bank to Inject Capital Into Banking System
Mar. 18 – The Central Bank of Vietnam plans to infuse an additional VND30 trillion into Vietnam’s banking system in order to make further soft loans available for home-buyers. This move hopes to revive the struggling property market and resolve bad debt. The central bank issued a circular late last week in which it clarified that banks will be […]
