Other Briefings
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 […]
Vietnam Government Encourages Supporting Industries
By Nguyen Huyen My Mar. 7 – In 2010 and 2011, the Vietnamese Government issued a number of policies to encourage supporting industries, especially those connected to the high-tech sectors (Prime Minister’s Decision No 12/2011/QD-TTg). Supporting industries play a key role in promoting the development of Vietnam’s main industries. Furthermore, the potential to develop Vietnam’s […]
The Emergence of Vietnam’s E-commerce Market
Feb. 11 – Research has shown that Vietnam’s e-commerce market, which totaled approximately US$300 million in 2011, is expected to grow at an average rate of 75 percent per year between 2011-2015 to reach upwards of US$2.8 billion by 2015. While this may seem largely optimistic, several factors regarding supply and demand influence this huge […]
Foreign Franchises Interested in Vietnam Market Entry
By Marco Azzaro May 18 – Several franchising brands are beginning to view the Vietnamese market more favorably than in past years. According to the country’s Ministry of Industry and Trade, up to 70 foreign brands have registered their franchising business in Vietnam and franchising growth is up 30 percent. Most of them are consumer […]
Sustainability of Vietnam’s Real Estate Market
By Mattia Capsoni Mar. 13 – In recent years, Vietnam’s real estate market has shown considerable strength and a propensity for growth. “[The real estate market] has contributed an important part to ensuring economic growth and social security, but besides the positive results there remain a number of weak points,” Minister of Construction Nguyen Hong […]
