The Vietnam Dairy Products Joint Stock Company (Vinamilk) ended 2020 on a high note despite the Covid-19 pandemic. With revenue of USD 2.6 billion in 2020, an increase of 5.9% year-on-year, Vinamilk has jumped six notches among the Top 50 leading dairy companies in...
Foxconn, the world’s largest assembler of consumer electronics, has started discussions with Vingroup, the largest conglomerate in Vietnam, related to collaborating in the fast-growing area of electrical vehicles (EVs). According to Reuters, Foxconn has proposed...
Vietnam boasts one of the most dynamic retail markets in the world. According to the General Statistics Office of Vietnam, the total retail sales of consumer goods and services increased by 2.6% in 2020, compared to 2019 levels, growing by more than USD 11 billion. It...
High tech shrimp farming is gaining traction in Vietnam. For instance, the province of Bac Lieu, in the Mekong Delta, recently revealed plans to expand super – intensive shrimp farming. The province is one of the Vietnam’s key areas for the farming of shrimp,...
Vietnamese airline Bamboo Airways has announced plans to raise up to USD 200 million in an initial public offering (IPO) in the United States, potentially securing a market capitalization of up to USD 4 billion. The IPO is seen as part of the company’s efforts to...
According to the Wall Street Journal, the US is accounting for a growing share of Vietnam’s exports, estimated at 29% of the Asian country’s total exports as of January 2021. This is a significant increase from the 20% recorded one year earlier. The...
In March 2021, South Korean company GS Energy confirmed that it will jointly invest in an LNG power plant in Long An Province of southern Vietnam with its strategic partner VinaCapital. The total investment of the project is estimated to be at around USD 3 billion....
Vietnam has approved the master scheme on basic investigation on water resources through 2030 with a vision to 2050. In this context, the government plans to build a national water resource monitoring system and for the forecast of flooding, droughts, saltwater...
The Ministry of Health has announced that Vietnam plans to activate a nationwide system for booking online medical examination and treatment from the 1st of July 2021. Some healthcare centers in Vietnam have already applied the solution, but only as individual...
In 2020 Vietnam recorded the highest rate of new digital service consumers among South East Asia countries. According to a report published by Google, and Temasek and Bain & Company, Vietnam’s digital economy reached a total value of USD 14 billion in 2020,...
Despite Vietnam’s spectacular economic growth, the country’s transportation infrastructure is still considered to be behind many other developing nations. The Vietnamese government is responded to this need by creating a nationwide connectivity project, the...
Following the EU-Vietnam Free Trade Agreement (EVFTA) and the recovery from the Covid-19 pandemic, Vietnam now eyes opportunities to boost its apparel and textile exports. Crucially, the recently-signed EVFTA is expected to reduce more than 70% of tariffs on Vietnam’s...
