An additional VND966 billion ($39.61 million) has been allocated for the Long Thanh International Airport relocation project, overcoming previous bureaucratic hurdles. Deputy Prime Minister Le Minh Khai signed the decision for the new funding on Thursday. The total relocation cost…
On January 3, CT Group Vietnam presented a ambitious proposal to the Vietnamese government for a high-speed rail line linking Ho Chi Minh City and Can Tho. The plan, with an estimated cost of $9.98 billion, advocates for a public-private…
Arton Capital, a global citizenship financial advisory firm, has positioned the Vietnamese passport at the 73rd spot in its 2024 ranking, providing access to 70 destinations. This places Vietnam behind many Southeast Asian neighbors. Arton Capital’s ranking assessed 199 passports…
Vietnam is projected to break into the Top 25 global economies by 2038, as per the World Economic League Table (WELT) rankings by the Centre for Economics and Business Research (CEBR). The GDP of Vietnam is expected to maintain an…
Vietnamese electric vehicle manufacturer VINFAST is poised to inaugurate its inaugural manufacturing facility in India, focusing on EV battery production in the southern state of Tamil Nadu, according to sources familiar with the matter. The Thoothukudi-based plant will specifically manufacture…
U.S. Ambassador to Vietnam Marc Knapper shared his insights on how Vietnam and the U.S.’s diplomatic elevation in 2023 will open up opportunities for both countries in the years to come. Ambassador Marc Knapper: “It has been a spectacular year…
Distributors of prestigious brands like Louis Vuitton, Chanel, Dior, and Hermès in Vietnam reported profits of VND3.8 trillion ($156.57 million) in 2022, witnessing a remarkable 270% year-on-year increase, according to the latest data from a market research company. The collective…
Despite the Vietnamese economy’s growth falling below expectations in 2023, it continues to be one of the fastest-growing in the region, thanks to the resurgence of corporate confidence. The General Statistics Office (GSO) recently reported a 5.05% increase in the…
Manufacturing is poised to see growth this year, fueled by expectations of recovery in both domestic and export markets, coupled with expansion plans, as per S&P Global reports. The S&P Global Vietnam Manufacturing Purchasing Managers’ Index (PMI) recorded 48.9 points…
India has emerged as Vietnam’s fastest-growing tourism market, experiencing a remarkable 231% increase in visitors last year compared to 2019, the year preceding the onset of Covid. This growth trend was followed by: Cambodia (176%), Laos (122%), Singapore (106%), and…