The German Business Association (GBA) in Vietnam has reported significant progress in the second quarter of 2024, highlighting the expansion of German businesses and the vital role of forward-thinking actions in the country’s economic landscape, with a focus on green…
The Southeast Asia Clean Energy Facility II (SEACEF II) has invested $10 million in Nami Distributed Energy, a company based in Ho Chi Minh City and Hanoi, to advance innovative distributed energy solutions. Clime Capital, the Singaporean fund manager for…
Several foreign logistics companies are accelerating their expansion and investment efforts to strengthen their presence in Vietnam, a market with promising growth prospects in the logistics sector. Flexport, the US-based logistics unicorn, is offering international freight forwarding and supply chain…
Vietnam has recently opened its data center market to foreign investors, allowing them to own 100% of data center projects in the country. Previously, foreign ownership in data centers was restricted to a maximum of 49%, as reported by Nikkei…
Container leasing companies worldwide are purchasing international-standard containers produced in Vietnam amidst a global container shortage that has significantly increased sea freight rates. Recently, container freight rates on many routes to the U.S. have soared by 250 percent compared to…
Foxconn Singapore has been granted a license to invest $551 million in two projects aimed at producing smart entertainment products and smart-system equipment in Vietnam’s northern Quang Ninh Province. Foxconn, the world’s largest contract electronics manufacturer and assembler, has yet…
The LEGO Group’s $1.3 billion factory in the southern province of Binh Duong, Denmark’s first carbon-neutral facility, is set to be operational by year-end. This will be the group’s most sustainable factory to date. Along with rooftop solar panels, the…
The number of Vietnamese products sold on Amazon surged by 300% over the past five years, reaching 17 million in 2023. The value of goods exported through the U.S. e-commerce platform increased by 50% during this period, according to Trinh…
The Australian government is working to strengthen connections between Australian and Vietnamese businesses and enhance support for Australian investors in Vietnam and vice versa. This initiative aims to drive bilateral trade between the two countries, as discussed at an information…
Apple’s main supplier, Foxconn, is set to invest $383.3 million in a new factory specializing in printed circuit boards (PCB) in Bac Ninh province. In early June, the Bac Ninh People’s Committee issued an investment registration license for the FCPV…