Amidst a global shift in manufacturing and processing supply chains that is potentially reshaping global trade, Vietnam is emerging as a significant hub. The World Trade Organization’s (WTO) latest Global Trade Outlook and Statistics report, released in April, anticipates an…
Phone and component exports emerged as Vietnam’s second most valuable export commodities in the first quarter, propelling the country to the position of the second-largest global supplier of these products. As reported by the General Statistics Office, phone and component…
Pandora, the world’s largest jewelry manufacturer headquartered in Denmark, is set to commence construction on its third global factory, located in southern Vietnam, with an investment exceeding $150 million, as reported by the Danish Embassy in Hanoi. The groundbreaking ceremony…
Vietnamese corporations are currently engaged in pursuing acquisitions abroad, aiming to expand their global presence and capabilities through strategic investments in foreign entities. These endeavors highlight a resurgence in the influence of domestic enterprises within the global mergers and acquisitions…
Foreign and domestic investments in Ba Ria – Vung Tau, a southern province, soared to nearly 1.63 billion USD and over 25.93 trillion VND (equivalent to 1 billion USD) respectively in the first four months of 2024, marking a significant…
Vietnam saw the establishment of approximately 51,600 new enterprises in the first four months of 2024, with a total registered capital reaching nearly VND508 trillion (US$20 billion), as reported by the General Statistics Office (GSO). This reflected year-on-year increases of…
Chinese tech giant Alibaba Group Holding Limited is set to establish a data center in Vietnam to comply with local data storage regulations and cater to the growing demand in one of Asia’s rapidly expanding economies, as reported by Nikkei.…
In 2023, investments in Vietnamese tech startups totaled $529 million, representing a 17% decrease compared to the previous year, as reported in the Vietnam Innovation & Tech Report 2024. Published on April 26 by the National Innovation Centre (NIC) in…
The combined revenue of the top five platforms, including Shopee, TikTok Shop, Lazada, TIKI, and Sendo.vn, exceeded VND71 trillion ($2.79 billion), marking a 79% increase from the previous year. A recent report by Metric indicates a significant surge in activity…