The investment in the USD 6 billion international transshipment port in Ho Chi Minh City (HCMC) is said to be confirmed while waiting for the Ministry of Planning and Investment’s official policy. The largest seaport organization in the world, MSC Group, and...
Reuters has recently reported that several American defense companies have been involved in talks with Vietnamese officials for supplying military gear such as helicopters and drones to the Southeast Asian country. The firms involved in the discussion include Lockheed...
Vietnam’s Ministry of Heath has implemented a project to enhance the professional capacity of grassroots healthcare organizations and disseminate the expertise of doctors from central-level hospitals to citizens and health workers nationwide. Patients and healthcare...
IFC, a member of the World Bank Group, is considering an investment of USD 20 million in GS25, a convenience store chain in Vietnam. IFC visited five stores and a warehouse in Thu Duc City, Ho Chi Minh City in February and March 2022 to evaluate the proposed plan. The...
Vietnam’s first tech unicorn VNG has established a data center to fulfill the demand of retaining data within the Vietnamese territory, as required by the newly issued regulations. The data center was unveiled by VNG, a games-to-payments business planning to list on...
The government of Vietnam recently announced targets for foreign investment in agriculture to double to USD 34 billion by 2030. The country’s agricultural sector has grown by around 3% each year from 2010 to 2020, and today Vietnam’s rice exports account...
Under a new Just Energy Transition Partnership (JETP) signed in December 2022, developed countries will mobilize USD 15.5 billion in public and private finance over the following 3-5 years to assist Vietnam’s 2050 net zero goals. Rich countries, the Asian...
VinES Energy Solutions (VinES) is entering a new partnership to explore battery recycling solutions Li-Cycle Holdings Corp. VinES Energy Solutions (VinES) is a Vingroup company that specializes in the research, development and manufacturing of advanced batteries for...
Recently Vietnam’s Minister of Investment has reaffirmed the nation’s commitment to strengthening trade ties with South Korea in a number of industries, including finance, electronics, and construction. Vice Chairman of Jungheung Group, the largest shareholder...
Apple is looking to diversify its supply chain outside of China, with Vietnam, India, and Brazil forecasted to make up 30% of Apple supplier’s Foxconn output. Particularly, Vietnam has typically welcomed businesses eager to shift production away from China, including...
The Civil Aviation Authority of Vietnam (CAAV) has proposed a plan to construct nine new airports, including two in the country’s northern mountainous areas and one in a special economic zone. According to the CAAV, it is cooperating with nine provinces to submit the...
Large retailers are expanding their presence in Vietnam, which is expected to rank among the top 10 consumer markets in the world this decade. The Japanese clothing retailer Uniqlo has added three new locations in Hanoi, bringing the total number of its store to 15...
