Ryan

Ryan

FedEx Express Plans Expansion in Vietnam

FedEx Express, a US-based company, aims to enhance its presence in Vietnam while continuing its logistical operations at Tan Son Nhat International Airport in Ho Chi Minh City. Richard W. Smith, president and CEO of FedEx Express, conveyed this during…

Walmart and Amazon Seek to Increase Purchases from Vietnam

Walmart, Amazon, Miniso, and other global retailers are aiming to source more products from Vietnamese suppliers. Aly Ansari, senior director of sourcing at Walmart, stated at an export forum during the Vietnam International Sourcing Expo that Vietnam is one of…

US Chipmakers Kickstart Plans in Vietnam

US chipmakers are ramping up operations and partnerships in Vietnam, which is becoming a key semiconductor hub amid the AI boom. In mid-May, US-based chip designer Marvell Technology announced a significant expansion in Vietnam, including a growing workforce over the…

Swiss Trader Sucafina to Acquire Mercafe Vietnam from Mercon

Sucafina SA, a Swiss coffee trader, intends to acquire Mercon Coffee Group’s branch in Vietnam, Mercafe Vietnam Ltd., signifying a significant expansion in Vietnam, the world’s largest robusta bean producer used in instant coffee production. Sucafina’s local subsidiary is overseeing…

Manufacturing Production Increases for Second Consecutive Month

Growth in the Vietnamese manufacturing sector was sustained in May, marking a two-month consecutive increase. The S&P Global Vietnam Manufacturing Purchasing Managers’ Index (PMI) remained steady at 50.3 points in May, indicating a second consecutive marginal monthly improvement in the…

Vietnam’s Trade Surplus Exceeds $8 Billion in Five Months

Vietnam achieved a trade surplus of $8.01 billion from January to May, with export revenue totaling $156.77 billion and imports reaching $148.76 billion, marking respective year-on-year increases of 15.2% and 18.2%. According to the General Statistics Office, of the total…

Foreign Investors Find Vietnam Resort Properties Appealing

Foreign investors are increasingly investing in the Vietnamese resort and hotel realty market, drawn by the potential for a full market recovery, experts report. International investors have acquired Vietnamese properties through mergers and acquisitions (M&A) deals. These investors are targeting…

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