Hundreds of thousands of workers are employed in Vietnam by Apple´s suppliers, such as Foxconn and Wistron. These players have been investing heavily in Vietnam since the start of the trade war between the United States and China, and are continuing to expand their...
The Minister of Transport of Vietnam has set March 2025 as the deadline for the first phase of the Long Thanh International Airport project. As a result, the pilot operation is expected to begin in the second quarter of 2025, followed by commercial operations in the...
In July 2021, Teijin Carbon Vietnam Co., Ltd (TCV) began commercial production of carbon fiber goods such as prepreg, a fiber sheet pre-impregnated with matrix resin as an intermediate material for composites. The factory is located in Ha Nam province. Initially, TCV...
SK Group, one of South Korea’s largest conglomerates, has been reported to be planning an investment in Vietnam’s largest pharmacy retail chain, Pharmacity, with an expected value of up to USD 100 million. According to investment banking sources, SK Group is...
Muji, a renowned Japanese retail company selling a wide variety of consumer goods, recently opened its first flagship store in Hanoi’s Vincom Center Metropolis, after opening a new store in Ho Chi Minh City in November 2020. The store in Hanoi, which measures...
Vietnam is securing a fresh wave of green funding from multilateral actors. In May 2021, the Asian Development Bank signed a USD 116 million loan for three wind farms to be built in the central province of Quang Tri, with a total of 144 MW. The goal is to increase the...
Australia’s Department of Foreign Affairs and Trade has agreed to increase funding for the Aus4Innovation (A4I) in Vietnam by USD 2.7 million, raising the total to USD 10.4 million for the period of 2017-2022. A4I is a collaboration between Australia’s...
In May 2021, it was announced that Ho Chi Minh City (HCMC) will invest close to USD 350 million for the construction of 11 anti-flooding and environmental sanitation projects between 2021 and 2025. It has been reported that many flood control projects in the...
In May 2021, Toyota Motor Vietnam and the Department of Industry – Ministry of Industry and Trade signed a Memorandum of Understanding to support domestic enterprises, specifically to enhance their capabilities and strengthen cooperation between domestic...
As the significant shortage of personal protective equipment (PPE) in many countries has impacted the containment of the COVID-19 pandemic over the past 18 months, the International Finance Corporation (IFC) is supporting PPE manufacturers in developing nations...
The Vietnamese retail industry is growing rapidly, and its key players have started expanding to foreign markets. In of the most illustrative recent examples, in May 2021, Vinasoy Corporation was reported to be registering remarkable growth in sales of its healthy...
The Vietnam government is implementing an ambitious agriculture sector transformation program and is partnering with foreign players in order to progress on its technical and industrial capabilities. To develop its marine aquaculture industry, Vietnam has signed a...
