In April 2023, a 24,000-TEU cargo ship M/V OOCL from Spain, on its first voyage connecting Asia and Europe, arrived at Gemalink Deepwater Seaport in the southern province of Ba Ria Vung Tau. This is also the first time Vietnam has been able to receive the...
In the first two months of 2023, Vietnam attracted a total foreign direct investment (FDI) of USD 146 million, with a large amount coming from Japanese manufacturers and retailers as they have continuously unveiled plans to highlight their presence in the country....
A military procurement agreement is reportedly being negotiated between Vietnam and the Czech Republic that would include more L-39NG advanced trainer aircraft, along with radars, armored vehicle upgrades and firearms. The former Soviet satellite state is positioned...
PetroVietnam Gas has announced a tender to purchase Vietnam’s first shipment of liquefied natural gas (LNG), marking an important step on the Southeast Asian country’s path to becoming a major importer. The cargo of 50,000 to 70,000 tonnes is being sought...
Vietnam Technological and Commercial Joint Stock Bank (Techcombank) has partnered with Personetics, which provides financial data-driven personalization and customer engagement for financial services, to present AI-powered money management capabilities in Vietnam. The...
Aqua-Spark, a global aquaculture investment fund based in the Netherlands, AgFunder, a global agrifood tech venture capital firm, and Son Tech Investment, a Vietnam-focused venture capital firm, have joined forces to invest via the AgFunder GROW Impact Fund in Tepbac,...
Hyphens Pharma International’s 1J5 DocMed Technology has partnered with the equity owners of Hoang Duc Pharmaceutical & Medical Supplies to establish a 51:49 joint venture, aiming at accelerating a B2B virtual medical hypermart for pharmaceutical supplies in...
Autoliv, a Swedish pioneer in automobile safety systems, has announced its plan to build a new state-of-the-art airbag cushion and fabric plant in Vietnam, serving Asia. The investment in the new textile facility is in response to customer demands and is intended to...
Chinese display manufacturer BOE is reportedly set to construct a new display module factory in Bac Ninh, Vietnam to meet the rising demand for small and medium-sized OLED and LCD screens from Apple. The new facility, expected to be fully operational by 2025, will...
VietCycle and ALBA Group Asia have entered into a partnership to construct a plastic recycling facility in Vietnam. The facility can process high-density polyethylene (HDPE) and food-grade polyethylene terephthalate (PET) plastic. It will have a projected annual...
Senior executives from 52 US companies have recently participated in the US-ASEAN Business Council’s (USABC) largest-ever business mission to Vietnam in March 2023. The delegation included many notable corporations, such as Boeing, Coca-Cola, CitiBank, Meta,...
The Vietnam Bank for Agriculture and Rural Development (Agribank) is taking an active part in providing capital, consultations, and other support to local farmers, aiming at contributing to the creation of a clean and high-value agricultural sector. From November...
