Japan’s second-largest fast food franchise, MOS Burger, will open its first store in Ho Chi Minh City later in 2021. The company plans to set up a joint venture in the country within this year and open 10 outlets in the next three years. The burger brand is already...
On 6 January 2021, Vietnamese Prime Minister Nguyen Xuan Phuc presided over Long Thanh International Airport’s groundbreaking ceremony. Located about an hour and a half from Ho Chi Minh City, the new airport is crucial in improving Ho Chi Minh City’s...
In December 2020, the UK and Vietnam officially signed the UK Vietnam Free Trade Agreement (UKVFTA). Under the UKVFTA, the UK will first eliminate 65% of tariffs, moving up to 99% after seven years to boost bilateral trade. Vietnam will initially remove 48.5% of...
Vietnam has great potential for solar power development, and its solar market is growing at a remarkable rate. With less than 10 MW of operational solar power capacity in June 2018, Vietnam’s capacity jumped quickly to 4,700 MW in December 2020, with 83,000 rooftop...
The government of Vietnam is turning its attention to the growing problem of the country’s polluted water bodies. Vietnam’s Prime Minister Nguyen Xuan Phuc has recently approved a 10-year action plan to better manage ocean waste, and the Ministry of Natural Resources...
The provinces of Phu Tho and Binh Phuoc recently proposed to the Ministry of Information and Communications to develop 5G in their areas. The Vietnam Telecommunications Authority (VNTA) responded that the ministry will study and license mobile businesses to deploy 5G,...
Japanese sporting goods company Daiwa Vietnam recently commenced the construction of its third plant in Vietnam. Worth USD 40 million and located in Hoa Khanh Industrial Zone, the project covers 4 hectares and is expected to be producing hi-tech sports equipment for...
During his inaugural summit abroad, Japanese Prime Minister Yoshihide Suga held talks with Vietnamese Prime Minister Nguyen Xuan Phuc, where the two leaders affirmed their cooperation on security issues and agreed on a pact that would see exports of Tokyo export...
The Vietnam Trade Alliance, a group of buyers and producers from the country, recently signed a pact to buy up to USD 500 million worth of American pork over three years from Smithfield Foods and other US pork producers. Specifically, under this ‘US-Vietnam Pork...
Virginia-based AES Corp and PetroVietnam Gas have signed a joint venture agreement to develop a USD 2.8 billion liquefied natural gas (LNG) import terminal and a power plant. Much of the LNG will be imported from the US. The terminal will have a capacity of 3 million...
The Asian Development Bank (ADB) and Phu Yen TTP Joint Stock Company (Phu Yen JSC) recently signed a USD 186 million loan to develop and operate a 257 MW solar power plant in Phu Yen Province. It is the largest single operating solar power plant in Vietnam and one of...
Orient Commercial Joint Stock Bank (OCB), a major Vietnamese bank with assets worth USD 4.6 billion, has recently joined RippleNet, a network of institutional payment-providers, as a strategic partner after 10 months of preparation. The partnership will enable OCB to...
