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...
In June 2021, it was revealed that the US Air Force (USAF) agreed to supply Vietnam with the Beechcraft T-6 Texan II turboprop trainer/light-attack aircraft. The agreement represents Vietnam’s most high-profile defense procurement from the US since the latter...
In May 2021, it was reported that public investment projects in Vietnam up to 2025 will be funded with an estimated budget of over USD 120 billion. This expected budget spending was announced by Vietnam’s Prime Minister in the context of the medium-term public...
In May 2021, the La Gan Wind Power Development Corporation agreed to collaborate with Vietnam’s Northern Center for Planning and Investigation of Marine Resources and Environment (CPIM) for the 3.5 GW La Gan offshore wind farm. The project, valued at around USD 10...
Despite Covid-19’s impact in the first quarter of 2021, Vietnam’s fruit and vegetable exports value showed positive growth of 6.1% year-on-year, reaching USD 944 million. In addition to the increasing turnover, there was also a greater diversification in...
Bamboo Airways, a hybrid carrier launched by Vietnamese construction company FLC Group, has acquired slots to operate regularly scheduled nonstop flights between Vietnam and the United States. The flights would be operated using the long-haul Boeing 787-9 Dreamliner...
Thanks to effective measures taken to contain the Covid-19 pandemic, Vietnam’s gross domestic product (GDP) grew by 2.9% in 2020, one of the highest growth rates globally. Looking forward, Vietnam is forecasted to grow by 6.7% in 2021 and 7.0% in 2022,...
Ørsted, a Danish majority state-owned energy company, has announced its office opening in Hanoi, Vietnam. With this move, Ørsted is expanding its footprint in Asia after establishing itself in Taiwan, South Korea, and Japan. According to a recent study by the Danish...
Irish renewable energy developer Mainstream Renewable Power has signed a memorandum of understanding (MoU) with Vietnam’s Department of Foreign Affairs for Provinces (DFAP) to collaborate on a capacity-building event on offshore wind. The MoU comes after...
Docosan, a Vietnamese healthtech startup, has raised more than USD 1 million in seed funding. The investment was led by Taiwanese investor AppWorks, with participation from biotech entrepreneur David Ma and Singapore-based venture capital firm Huat Ventures. Founded...
HTC International Telecommunication JSC (HTC-ITC), a subsidiary of the Hanoi Telecommunications Corporation (Hanoi Telecom), has officially implemented its Hoa Lac Green Data Center I in Hanoi. This is the first data center in Vietnam that meets Uptime...
