Other Briefings
Vietnam’s 12th Draft Law of Residential Housing Expected to be Favorable Towards Foreigners
At a National Congress meeting on June 18th, many Congressmen expressed their approval towards the 12th Draft Law of Residential Housing, which proposes more opportunities for foreign organizations and individuals who wish to purchase housing in Vietnam.
Foreign Firms Dominate Vietnam’s Advertising Market
Foreign advertising companies have taken control of the Vietnamese market, reaping millions of dollars in revenue every year. According to statistics, over 90 percent of advertising revenue in Vietnam is now in the hands of foreign advertising firms.
Vietnam: Asia’s Best Sourcing Destination
When it comes to sourcing, there are a number of key advantages that make Vietnam stand out from the rest of Asia.
Samsung to Build US$1 Billion Plant in Vietnam
On July 2, Bac Ninh province granted an investment license to Samsung Display Co. Ltd for its US$1 billion project in the Yen Phong Industrial Park. This investment comes on the back of multiple large scale investments by the South Korean tech giant.
New Investment Opportunities in South Vietnam: An Interview with Long Hau Industrial Park
Vietnam Briefing’s Senior Editor, Edward Barbour-Lacey, recently had the opportunity to interview Mr Sy Tran – Director of the Sales and Marketing Department at the Long Hau Corporation (LHC). Mr. Sy has many years of experience working with well-known multinational corporations and leading Vietnamese companies in the industries of FMCG and B2B industry. These companies include: Coca Cola, NewZealand milk, Foster Vietnam, and Vinamilk.
Vietnam Debates Case for Higher Minimum Wage
Discussions surrounding a higher minimum wage in Vietnam reflect an increasingly popular trend towards higher minimum wages across Asia. With many factories moving operations away from China due to rising wages and a growing middle class unwilling to work in the factories. Vietnam, Bangladesh, India and Pakistan are set to inherit low-wage manufacturing operations over the next decade.
Vietnam’s Retail Banks Seek to Entice New Customers
For years, the main source of income for banks in Vietnam has come from lending to businesses, but increasingly many banks are making a large proportion of their revenues off of the retail banking sector. This is spurring a wave of innovation throughout this sector as banks seek to entice new customers.
Quang Ninh to Boost Number of Investment Projects
The Quang Ninh People’s Committee has recently announced a proposal which calls for investment into 35 projects in the province during 2014-2016 and with an orientation towards the year 2020.
Foreign Competition Shakes Up Vietnam’s E-Commerce Market
Singapore-headquartered e-commerce company, Lazada, is stepping up its online game in Vietnam and creating waves throughout the e-commerce industry. Local players are scrambling to remain competitive as more and more foreign companies look to Vietnam as a strong growth market.
China and Hong Kong Increase Investment in Vietnam
Vietnam’s Department of Foreign Investment has reported that, in the first five months of this year, the country saw a steep rise in foreign direct investment capital from Hong Kong and China.
