Global Companies to Target Vietnam as A New Luxury Hub

Global Companies to Target Vietnam as A New Luxury Hub

Vietnam has recently become a new destination for several luxury brands to expand their presence, thanks to its fast-expanding middle-class and robust economic growth. Specifically, Lamborghini, the Italian luxury automobile manufacturer, has recently marked its...
Vietnam on Its Way to Becoming The Next Global Manufacturing Hub

Vietnam on Its Way to Becoming The Next Global Manufacturing Hub

At a recent Investment Promotion Conference in Vinh Phuc province, a representative of Compal, a Taiwanese company specializing in electronic devices, has announced the operation of a laptop plant valued at USD 500 million. The company is currently a manufacturer for...
Stricter Measures to be Proposed to Control Motorbike Use in HCMC

Stricter Measures to be Proposed to Control Motorbike Use in HCMC

Recently, several experts in Ho Chi Minh City (HCMC) have urged the authorities to impose tougher measures to limit the use of motorcycles, which are the local’s favorite means of transportation due to convenience. According to the Director of Transport Development...
Positive Outlook for Vietnam’s Pharmaceutical Companies

Positive Outlook for Vietnam’s Pharmaceutical Companies

Drug companies’ earnings have surged during the first quarter of 2022 due to high demand for Covid-19 medicines and other relevant products. DHG Pharmaceutical JSC, the country’s largest pharmaceutical firm, recorded a 25% increase in profits, topping at VND 255...
Organizations to Step Up to Solve Plastic Pollution

Organizations to Step Up to Solve Plastic Pollution

Vietnam discards over 3.9 million tons of waste each year, and roughly a third of that is recycled properly. The remaining amount is often burned, buried in landfills, or discharged into the environment, where it might damage waterways and the ocean. A co-founder of...
Vietnam to Consider Returning to Nuclear Energy

Vietnam to Consider Returning to Nuclear Energy

Experts say Vietnam should restart its nuclear energy program by 2030 in order to meet its commitment to attaining carbon neutrality by 2050. According to a former head of the Vietnam Institute of Energy, the net-zero carbon promise, which was made at the 2021 United...
Vietnam’s Proptech Startups to Attract More Investors

Vietnam’s Proptech Startups to Attract More Investors

Since the epidemic, many real estate companies have turned to technology to promote their sales, and investments are pouring into these proptech startups to capitalize on the potential. A real estate company, Jones Lang LaSalle (JLL), evaluated that Vietnam has been...
Vietnam’s First Cargo Airline Close to Takeoff

Vietnam’s First Cargo Airline Close to Takeoff

As freight demand grows, Vietnam’s Ministry of Transport has sought the Prime Minister’s consent to grant a license to IPP Air Cargo, marking it to be the country’s first cargo airline. Accordingly, the brand new cargo carrier is in line with the...
Vietnam to Designate New Specialized Zones for Agriculture

Vietnam to Designate New Specialized Zones for Agriculture

Ho Chi Minh City (HCMC) will work with the Ministry of Agriculture and Rural Development to develop five zones in 13 provinces dedicated solely to agriculture, forestry, and fisheries at USD 107 million by 2025. The country’s agricultural sector has not evolved...
Vietnam to Designate New Specialized Zones for Agriculture

Vietnam and France Eye Cooperation in Agriculture

During the Paris Salon International de l’Agriculture (SIA) held in March 2022, the Vietnamese Ambassador to France emphasized the potential for long-term development and mutual benefits between Vietnam and France. Specifically, the Southeast Asian nation aims...