Vietnam is ramping up efforts to position itself as an enticing high-tech manufacturing hub, intensifying business-focused diplomatic initiatives to draw investment and broaden trade avenues. Presently, US-backed NVIDIA stands out as the world’s most valuable chip manufacturer, boasting a staggering…
Vietnamese EV manufacturer VINFAST is set to debut its right-hand drive EV models in the international market for the first time at the Indonesia International Motor Show (IIMS) 2024, scheduled from Feb. 15 to 25. According to a press release…
According to S&P Global Ratings, the ASEAN manufacturing sector saw modest improvement in January, with the ASEAN manufacturing PMI headline rising from 49.7 in December to 50.3. Manufacturers remained optimistic about future output over the next 12 months, and growth…
Vietnam, the world’s top robusta coffee supplier, faces a standoff as farmers demand renegotiations in the wake of a 28-year price peak. The impasse intensifies the rally in robusta prices, particularly impacting European supplies. Struggling with its weakest crop in…
South Korea’s low-cost carrier, Aero K Airlines, has inaugurated a new route linking Cheongju City to the central Vietnamese city of Da Nang. Aero K Airlines has announced that Da Nang is the inaugural destination in Vietnam for its regular…
By 2027, cross-border e-commerce is projected to rank fifth among Vietnam’s exports, with a value of US$12 billion, according to Amazon, the U.S. e-commerce giant. The “2023 Performance Report: Empowering Small and Medium-sized Enterprises in Vietnam,” released by Amazon Global…
In January, the country experienced a notable 80% surge in agro-forestry-fishery exports, reaching $5.14 billion compared to the same month last year, as reported by the Ministry of Agriculture and Rural Development (MARD). Import values rose by 40% year-on-year to…
Vietnamese manufacturers experienced a return to growth at the beginning of 2024, driven by tentative signs of increased demand leading to a resurgence in new orders and production. The S&P Global Vietnam Manufacturing Purchasing Managers’ Index crossed the 50-point threshold,…
According to RamC (Ramachandran) A.S., the country head of Citi Bank Vietnam, Vietnam appears to have successfully navigated its significant economic challenges from the previous year and is poised for a robust recovery. Citi’s latest projections indicate Vietnam’s GDP growth…
Vietnam’s retail sales demonstrated a year-on-year growth of 9.3 percent in December 2023, marking the 25th consecutive month of expansion, as revealed in a recent report by BMI, a unit of Fitch Solutions. The December 2023 growth rate significantly decreased…