Biden heads to Vietnam in latest attempt to draw one of China’s neighbors closer to the US
President Joe Biden will arrive at Chinese leader Xi Jinping’s doorstep on Sunday with a deal in hand to draw yet another one of China’s neighbors closer to the United States.
Why Hanoi may agree to a Vietnam-U.S. comprehensive strategic partnership
If Hanoi agrees to a comprehensive strategic partnership with the U.S., it would represent a remarkable breakthrough in bilateral ties. Still, such a partnership would not represent a significant shift in Hanoi’s foreign policy.
Vietnam signs free trade agreement with Israel
Vietnam has become the first Southeast Asian country to sign a free trade agreement (FTA) with Israel, which will remove duties on at least 86% of Vietnamese products.
South China Sea : why China’s business interests in Vietnam are at stake amid nine-dash line controversies
Controversies over Beijing’s nine-dash line claim in the South China Sea highlight how geopolitical tensions can challenge international businesses. Although the economic implications may be minimal presently, businesses should be mindful of potential risks posed by the issue in the…
Shopping malls lure tenants as street-front houses remain unoccupied
Retail spaces in HCMC’s shopping centers have mostly been filled in Q1 while street-front houses continue to stay empty, according to industry insiders.
Pay cuts, layoffs continue as businesses wait on economic recovery
Many businesses are cutting salaries and letting go of employees while waiting for the economy to turn the corner.
Vietnam may resist diplomatic upgrade with Washington as U.S.-China tensions simmer
A push by the United States to upgrade ties with Vietnam this year is facing resistance in Hanoi, over what experts say are concerns that China could see the move as hostile at a time of tension between superpowers Beijing…
US companies including Netflix and Boeing join ‘biggest’ business mission to Vietnam
Dozens of American companies are in Vietnam this week in hopes of pushing further into the fast-growing Southeast Asian economy, which has emerged as an attractive potential alternative to China as companies seek to diversify their markets and supply chains.
EuroCham Vietnam has new chairman
Gabor Fluit, Director of De Heus Asia, has been elected Chairman of the European Chamber of Commerce (EuroCham) in Vietnam.
Foreign businesses want work permit procedures simplified
Representatives of South Korean, European and American businesses in Vietnam are complaining that they’re struggling to obtain work permits for their foreign employees due to inconsistent and vague regulations.
Chinese suppliers race to Vietnam as COVID let-up opens escape route from Sino-U.S. trade war
Vietnam has enjoyed a wave of investment from China since its neighbour abruptly canned its strict virus-containment strategy and unleashed pent-up interest from companies – and their suppliers – fleeing the impact of Sino-U.S. trade friction.
Business implications of president’s ouster in Vietnam
What happened ? Vietnamese President Nguyen Xuan Phuc resigned from his government and party positions on 17 January 2023. This ostensible reason was to take responsibility for corruption by senior officials under his watch as prime minister (2016-2021).
AmCham Vietnam has new chairman
The American Chamber of Commerce in Vietnam said Wednesday that Greg Testerman, CEO of banking advisory firm Gregory Advisory, has been elected its chairman.
Vietnam, Germany ink defense, energy, vocational training cooperation pacts
Vietnam and Germany have signed three cooperation agreements in defense, energy and vocational training during the visit of German Chancellor Olaf Scholz.
Vietnam coming for China’s electronics supply chain
Vietnam poised to win from next phase of China decoupling but there is no time to waste in upskilling its labor force
Vietnam’s anti-graft campaign casts shadow over economy
High-profile detention triggers bank run at Saigon Joint Stock Commercial Bank.
PM Chinh urges China to buy more from Vietnam
Prime Minister Pham Minh Chinh has called on China to create policies that ease entry for Vietnamese goods, especially agriculture produce.
Grab rival Be Group gets $60 million loan for Vietnam expansion
Be Group seeks to challenge Grab’s dominance in Vietnam: CEO. Be’s app has been installed on over 20 million mobile devices.
Starbucks closes third Vietnam outlet
Starbucks Vietnam will close its Hanoi outlet after eight years, following the closure of two locations in Vietnam last year.
Why more European firms are choosing Vietnam over China
A combination of geopolitical tensions and higher costs are pushing large firms to look for alternative production sites. Vietnam’s strong economic performance in recent years has drawn the attention of European firms.
Cambodia-Vietnam trade grows 13.6% in Q1
Bilateral trade between Cambodia and Vietnam totalled $1.72205 billion in the first quarter of 2022, representing a 13.6 per cent increase from the $1.5153 billion recorded in the corresponding period last year, according to Customs.
European business confidence highest since fourth Covid wave in Vietnam
The Business Climate Index (BCI) of European companies in Vietnam in Q1 reached its highest level, at 73 points, since the fourth coronavirus wave hit the country last April.
Vietnam’s factory operations hit as supply chain snags multiply
Manufacturing PMI dips as labor shortages and input costs weigh on recovery
Reporters jailed for extorting money from businesses
Four journalists in central Vietnam have been sent to prison for extorting more than VND260 million ($11,500) from businesses by uncovering wrongdoing on their part and blackmailing them.
Vietnam : Tax evasion increasing as e-commerce expands
The COVID-19 pandemic has sparked a boom in e-commerce in Vietnam as consumers shift their spending habits towards online platforms. However, as online sales continue to grow, so does tax evasion.
For Vietnam’s businesses, a good fortuneteller is an investment
In officially Communist Vietnam, fortune telling can guide everything from hiring to timing business trips.