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Manufacturing industry is a big part of Vietnam’s GDP in 2019: 16.48% of the country’s total GDP, approximately VND 995 trillion, and a 6.5% GDP growth. In 2018, the manufacturing industry of Vietnam received VND 518 trillion investments, and these high foreign investments also served as a huge share of the country’s GDP in the … Continued
The vice president of the United States, Kamala Harris, paid a historic visit to Vietnam in late August this year. In 1995, these two war-time foes decided to put aside their differences and stride down the path of diplomatic relations. 25 years later, the US and Vietnam’s trade relations have strengthened considerably, with achievements like … Continued
Starting a business in Vietnam is more difficult than in any developed nation in Asia, as it’s still a developing nation going through fast changes. The average time to establish a 100% foreign-owned company in Vietnam can be as little as 45 days and involves many steps, the most important being applying for the correct … Continued
Among many countries in Asia, Vietnam is a top destination for foreign individuals or enterprises to start a new company or expand their business. With the increasing foreign investments and business registration in Vietnam, the Vietnamese government also enacted several policies and incentives that are favorable for foreign investments. When choosing your company name in … Continued
Due to the fact that 100% foreign ownership is allowed in many business sectors, foreigners are encouraged to make investment through company incorporation. One way to do it is by setting up a foreign company when it comes to company registration in Vietnam. However, in certain sectors, some restrictions still apply to a foreign-owned company. … Continued
Vietnam’s IT industry is rapidly developing and has become a significant business setup hub for global tech entrepreneurs and local startups. Key advancements in communications infrastructure, software, and education technology have positioned Vietnam as a potential major player in the global IT landscape. Digital technology companies in Vietnam have established themselves as leaders in development, … Continued
Vietnam is listed as Southeast Asia’s sixth most significant market and has one of the world’s fastest-growing economies. As a result, Vietnam can offer businesses a strategic location that benefits companies looking to expand their regional operations. Vietnam also has a youthful and skilled labor force that can serve as a solid base for companies … Continued
In November 2022, Tan Cang Hai Phong International Container Terminal (Hai Phong) marked a significant milestone by welcoming its one-millionth TEU (twenty-foot equivalent unit). This event showcased the growth of deep-water ports in Hai Phong and testified to the terminal’s credibility. Moreover, the direct shipping of goods from Vietnam to Western countries is expected to … Continued
Vietnam is one of the fastest-growing economies in Southeast Asia, with a large population nearing 100 million and a strong demand for electricity. The country’s energy sector is undergoing a transformation to diversify its energy sources, reduce its dependence on coal, and increase its use of renewable energy. This transformation offers significant opportunities for investors, … Continued
The Malaysian Investment Development Authority (MIDA) states that investments in Malaysia rose by 83% to a total of RM 306.5 billion (~USD 73.33 billion) in 2021. Most of these investments were in the manufacturing sector, which saw a 114% increase from the previous year, with the electrical and electronics industry being the biggest recipient. This … Continued
The world is constantly evolving due to technological advancements. Today’s technology plays an important role in helping businesses, governments, and social institutions improve productivity, create new products and services, and enhance overall well-being. By leveraging Artificial Intelligence (AI) technologies, the manufacturing sectors in Southeast Asia can analyze data and gain valuable insights to automate processes, … Continued
A recent Google research indicated that the coronavirus pandemic had accelerated Vietnam’s digital economy. In fact, the digital economy in Vietnam expanded by 27.8% in 2022, amounting to US$ 23 billion. Research further estimated that the growth would continue until 2025 reaching nearly US$ 50 billion. Prior to the COVID-19 episode, 3.1 hours per day … Continued
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