The latest report from MBS – MB Securities JSC (MBS) reveals that Vietnam’s pharmaceutical industry, valued at $6 billion to $7 billion in 2022, is experiencing rapid growth, with prescribed drugs contributing over 70 percent of its revenue. Beyond the…
Vietnam achieved robust results in foreign investment attraction for the entirety of 2023, driven by initiatives to enhance the domestic investment climate. Despite a relatively lackluster performance in the first half of the year, foreign direct investment (FDI) figures saw…
Real estate experts anticipate a gradual rebound of the Vietnamese property market starting in mid-2024, with sustained strength expected to materialize in the third quarter of 2025. Michael Kokalari, CEO of investment management firm VinaCapital, asserts that the market’s worst…
Vietnamese electric vehicle (EV) manufacturer VINFAST has initiated its inaugural collaboration with a U.S.-based dealership, partnering with North Carolina’s Leith Automotive Group. This move represents the company’s latest endeavor to boost sales in the United States market, as confirmed by…
Vietnam has significantly broadened its trade and investment connections with Canada, capitalizing on the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) as a substantial advantage. The Vietnamese Trade Office in Canada reported just over a week ago that the…
Vietnam Encouraged to Enhance Incentives for Foreign Investors Amid Global Minimum Tax Implementation Starting January 2024, Vietnam will implement the Global Minimum Tax (GMT) of 15%, targeting multinational corporations (MNCs) with revenues exceeding €750 million ($821.6 million). A month ago,…
Vietnam continues to stand out as an appealing business destination, experiencing a significant surge in foreign direct investment (FDI) throughout 2023. According to data from the Foreign Investment Agency (FIA) under the Ministry of Planning and Investment, FDI registrations reached…
As 2024 approaches, the transportation industry is preparing for a year of mixed expectations, with some businesses anticipating potential cost hikes and others foreseeing stability. According to The World Bank, Vietnam’s Logistics Performance Index (LPI) ranking dipped by four places…
A Ministry of Construction report reveals that property transactions in the first nine months of this year were only 41% of the previous year’s total, totaling just 320,000 successful transactions. Land transactions represented only 36% of the 2022 figure, while…
Inspectors have uncovered that the capacity of solar power projects in Vietnam exceeds the government-approved plan by tenfold. The Ministry independently approved 114 projects and sought approval for an additional 54 projects from the Prime Minister’s Office to be included…