As part of a franchise agreement with the Jaspal Group, the Finnish lifestyle company Marimekko is speeding up its Southeast Asian growth strategy, with the aim of entering Vietnam and Malaysia in 2023. The plan possibly includes the launch of online stores in both...
In August 2023, Vietnam and Singapore agreed to broaden the scope of their bilateral economic cooperation and inked agreements in several sectors, including the green economy and innovation. Accordingly, Vietnam’s Minister of Planning and Investment had letters...
Czech Republic’s AERO Vodochody has finalized the construction of the first serial production L-39NG advanced trainer for the Vietnam Air Force. This aircraft is included in the batch of twelve trainers that OMNIPOL committed to delivering to the Vietnamese Ministry...
The Innovation Partnership Grants, a funding scheme backed by the Australian government, has recently announced to provide AUD 2 million (USD 1.3 million) to capitalize on tech-based innovation in Vietnam’s agriculture sector. The scheme targets to distribute the...
South Korea’s Retailer Lotte Group has announced the opening of Westlake Hanoi Mall which is reported to be the largest shopping complex in Vietnam. Specifically, the 2010-started mall has been revived from a seven-story shopping center. In 2017, Lotte acquired the...
In July 2023, the Provincial People’s Committee of Quang Ninh Province authorized two Foxconn projects worth more than USD 246 million. The two manufacturing facilities, namely the Foxconn Quang Ninh FMMV factory and the FECV Foxconn Quang Ning factory, will be...
The American energy company AES and Petrovietnam Gas have recently announced to receive permission from the local government of Binh Thuan Province to construct the USD 1.34 billion Son My LNG Terminal. The new terminal, when completed in 2027, will become the...
South Korean artificial intelligence (AI) financial firm AIZEN has introduced its AI banking solution in the Vietnamese electric vehicle (EV) market. The launch of financing solutions for EVs has been supported through the partnership with BEST Express, a renowned...
VinUni, a university affiliated with the Vietnamese conglomerate Vingroup, and the Sheba Medical Center (https://www.shebaonline.org/), the largest hospital in Israel, have signed a Memorandum of Understanding (MOU) to advance collaboration in 3D technology and...
VinES Energy Solutions, a business division of major Vietnamese conglomerate VinGroup, has teamed up with the Vietnamese SolarBK to promote the combination of battery storage and rooftop solar PV in Vietnam. Accordingly, the collaboration will highlight the “Make in...
In July 2023, Japan’s renewable energy firm Erex Co., Ltd. and local partner Sakura Green Energy JSC commenced the construction of a USD 20 million biomass fuel plant in the mountainous province of Yen Bai, Vietnam. The manufacturing is set to be operational in the...
In July 2023 Vietnam and Israel signed a free trade agreement (FTA) in Tel Aviv after seven years of negotiations, making Vietnam the first Southeast Asian country to close an FTA with the Middle Eastern nation. The FTA will remove duties in steps on at least 86% of...
