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.
Vietnam to extract long-term gains from world’s largest trade pact
The world’s largest trade pact RCEP will boost Vietnam’s trade in the long run as the country becomes part of a bigger supply chain, experts say.
Businesses in Vietnam still plagued by labour shortages
Businesses in the southern Vietnamese metropolis Ho Chi Minh City are facing labour shortages and need around 310,000 workers this year.
Vietnam seeks $15.3 billion stimulus package to prop up virus-hit economy
Vietnam plans to spend 347 trillion dong ($15.25 billion) for the 2022-23 period to cushion the economic blow from the COVID-19 pandemic and assist businesses hurt by tough curbs, the country’s planning ministry said on Tuesday.
In Vietnam, ‘feeding the police’ just a cost of doing business
Vietnamese small businesses see greasing palms as a necessity to avoid police harassment.
Vietnam requests Myanmar to protect Vietnamese citizens, businesses from sabotage
Vietnam’s Ministry of Foreign Affairs and the Vietnamese Embassy in Myanmar have asked Naypyidaw to strengthen measures meant to protect the safety and property of Vietnamese citizens and enterprises in the country, spokesperson Le Thi Thu Hang has said.
Vietnam’s President Phuc visit to Switzerland and Russia
Vietnam’s President Nguyen Xuan Phuc visited Switzerland and Russia(November25-December 2) to promote his country’s bilateral ties with the two countries.
Vietnam has produced a new class of billionaire entrepreneurs
The renaming of an Oxford college is just one sign of their clout
$30bn investments committed during Vietnam PM’s Europe business trip
Nearly 60 deals worth US$30 billion in investment commitments were signed by Vietnamese enterprises and their foreign partners during a recent European business trip taken by Prime Minister Pham Minh Chinh and his entourage, according to Vietnamese Deputy Minister of…
Vietnam, France sign billion-dollar agreements during PM Chinh’s visit
Vietnamese and French partners have signed 29 agreements worth billions of dollars during PM Pham Minh Chinh’s official visit to France.
Taiwan business groups request Vietnam’s support for CPTPP bid
Business leaders say joining CPTPP will help Taiwan brands strengthen supply chains
Modern Vietnam’s economy : The rise of the retail chain
Zara, Circle K edge out communist country’s family shophouses