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From industries ranging from transport and AI to fintech, Vietnam’s dynamic startup landscape has nearly doubled in size since the start of COVID-19. As a result, it has attracted a large number of foreign venture capitalists (VCs) in the country, as well as fostered local growth for venture capital creation. This has created a highly … Continued
Vietnam cosmetics market has become burgeoning investment heaven for many local and foreign investors. According to Statista.com, the cosmetics demand in Vietnam has spiked shockingly, with cosmetics import increased more than twice the amount since 2010: US$ 355 million in 2010 compared to US$ 790 million in 2018. Furthermore, due to increasing demand for cosmetic … Continued
Vietnam has the fastest-growing middle class in Southeast Asia, fueling demand for consumer goods, including those of an expensive nature. Despite the COVID-19 pandemic negatively impacting sales in 2020, a strong bounce back in 2022 means the revenue of the luxury cosmetic market in Vietnam is expected to increase as consumers begin to regain confidence … Continued
Among Southeast Asia’s fastest-growing consumer markets, Vietnam offers favorable conditions for the development of the luxury goods landscape. Big brands of luxury jewelry and watches have recently started to flock to Vietnam taking advantage of the rapid urbanization and economic growth in the country. Pandora Group, for example, is planning to set up a factory … Continued
Vietnam is home to one of Asia’s most appealing and thriving food and beverage (F&B) industries. With an increase of attention from Singaporean F&B brands, this is a comprehensive guide.
Vietnam’s total exports to Japan reached USD 11.38 billion in the first six months of 2022, up nearly 13% over the same period last year, according to the General Department of Customs. Moreover, businesses in Japan that are likely to get government subsidies are looking forward to entering the mushrooming market of Vietnam. This will … Continued
Vietnam’s e-commerce industry is one of the fastest, in terms of growth, in Asia at this time. Learn how to set up your online business.
Investors from all around the world can’t simply ignore the Vietnam tech startup scene. The tech startup ecosystem in Vietnam has been very vibrant over the years and tech startups have started to emerge everywhere. Being one of Southeast Asia’s fastest-growing economies, Vietnam has a population of over 97 million with a GDP of US$261.6 … Continued
Transferring profits from Vietnam to the parent company in the country of origin, also known as remittances, is essential for investors when they conduct foreign investment transactions. However, Vietnam is not an easy country to send money out of the country, especially in comparison to its more developed neighbors like Singapore or Malaysia. This is … Continued
From Lego setting up a carbon-friendly factory in Vietnam this year to other massive investments out of Europe, much of this investment can be attributed to the EU-Vietnam Free Trade Agreement
Vietnam happens to be one of the United States’ biggest business partners in the Southeast Asian region. The two countries have accomplished several milestones together since the mid-1990s and billions of dollars have been invested in postwar reforms. With the recent visit of the Vietnamese Prime Minister, Pham Minh Chinh to the U.S.-ASEAN Special Summit, … Continued
Australia became Vietnam’s 10th biggest trade partner. Both nations are striving to step up trade and investment ties as well as strengthen their relationship pragmatically.
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