Foreign companies are increasingly investing in Vietnam’s logistics sector to capitalize on the growing cross-border trade opportunities. In mid-August, FESCO Transportation Group, one of Russia’s largest logistics firms, introduced a new regular shipping route between Vietnam and Malaysia, aiming to…
Vietnam reported a trade surplus of $19.07 billion for the first eight months of this year, according to the General Statistics Office (GSO) on September 6. During this period, the country’s total trade turnover surpassed $511 billion, marking a 16.7%…
Tim Hughes, SpaceX’s Vice President for Global Business and Government Affairs, expressed strong interest in bringing STARLINK satellite Internet to Vietnam, aiming to support education, training, and disaster prevention initiatives. During a meeting with Prime Minister Pham Minh Chinh on…
Vietnam reported over $20.52 billion in foreign direct investment (FDI) by the end of August 2024, reflecting a 7% year-on-year increase, according to the Foreign Investment Agency. In the first eight months of the year, 2,247 new projects received investment…
In recent years, Vietnam has emerged as a formidable player in the global supply chain, positioning itself as a critical manufacturing hub for international brands. From textiles and apparel to electronics and furniture, Vietnam’s manufacturing capabilities have expanded rapidly, catching…
Vietnam has rapidly emerged as a significant player in the global leather goods market, positioning itself as a prime destination for brands seeking high-quality bags, wallets, and accessories. With its growing expertise, competitive pricing, and a skilled workforce, Vietnam presents…
In the fast-paced world of consumer goods, staying relevant and competitive requires constant innovation and expansion of product lines. For brands looking to diversify their offerings, sourcing from Vietnam presents a unique opportunity to access a wealth of high-quality products…
The global furniture industry has witnessed a seismic shift in recent years, with Vietnam emerging as a leading powerhouse in furniture manufacturing. Known for its rich heritage of craftsmanship, competitive pricing, and ability to produce both mass-market and bespoke items,…
As global supply chains expand, maintaining compliance and ensuring quality standards are critical for any business sourcing from overseas. Vietnam, with its growing reputation as a manufacturing powerhouse, offers abundant opportunities for international buyers. However, working with suppliers in a…
Planning your first sourcing trip to Vietnam is an exciting opportunity to explore one of Asia’s most dynamic manufacturing hubs. Whether you’re seeking to diversify your supply chain or tap into Vietnam’s growing industries, a well-prepared trip can help you…