Other Briefings
Vietnam Ripe for Green Investment
Vietnam is a pioneer among developing countries, taking a leadership role in green growth. From 2012, the Green Growth Strategy has aimed to develop Vietnam into a low carbon economy and to enrich natural capital.
Key Areas of Vietnam’s Real Estate Market Set for Growth
After five years of relative stagnation, 2015 looks to be a strong year for Vietnam’s real estate market. The country’s government has undertaken a number of important legal and regulatory changes to improve the market situation and encourage foreign investment. We consider some of the key areas for investment in the real estate market for 2015.
Market Insight: Vietnam’s Wine Industry
As Vietnam’s consumer market continues to grow, more and more global products are pouring into the country. Among those products that have seen considerable growth in sales over the recent years, has been wine. Starting from a very low level, the Vietnamese wine market has exploded, with hotels, restaurants, and retailers now offering a wide variety of wines from around the world.
Vietnam Cashes in on Cashews
Vietnam has retained its title as the world’s top cashew exporter for the ninth year in a row, as the country’s cashew and cashew by-product export revenue in 2014 set a new record of US$2.2 billion.
State Bank of Vietnam Credit Package Aims to Support the Housing Market
The Deputy Minister for Vietnam’s Construction Ministry, Nguyen Tran Nam, has announced a proposal for the State Bank of Vietnam (SBV) to support the commercial housing market through a VND50 trillion (US$2.3bn) credit package. The package would supply loans of seven percent interest per year for the first decade, followed by a potential extension for a five or ten year period, with an interest rate adjusted according to market rates.
Strong Competition from Foreign Companies in Vietnam’s Non-alcoholic Drinks Market
The market share of foreign firms in Vietnam’s non-alcoholic drinks market held strong in 2014 with almost half the market belonging to foreign firms. Statistics from the Vietnam Beverage Association showed the value of the market increased by nine percent in 2014 to US$3.64 billion. There has been an average yearly growth rate of 13 percent from 2011-14 in the non-alcoholic beverage sector.
Vietnamese Seafood Exports Strong in 2014 but Difficult to Maintain in 2015
Vietnamese seafood exports surged in 2014 with an export turnover of US$7.9 billion, its highest point in three years. This exceeded the target of the Vietnam Association of Seafood Exporters and Producers (VASEP) by US$920 million and was an 18.4 percent increase on 2013. The main seafood exports from Vietnam, by value of exports, are frozen shrimp, pangasius catfish, tuna and other fish, mollusks and crustaceans.
Debate Continues Over Reducing Import Tariffs for Vietnam’s Automobile Industry
Uncertainty surrounds the Vietnamese auto industry at the moment, as separate branches of the government support different policy packages. If applied, these measures are poised to jumpstart growth in Vietnam’s already impressive sales of new cars.
Vietnam Coffee Production to Decline in 2015
Global coffee demand is expected to increase over the next year, however production in Vietnam, the world’s second largest producer of robusta beans, is forecast to decline due to factors such as inclement weather, aging trees, lack of moisture, and disease. Additionally, many Vietnamese farmers have been holding back their crops from the market as a way to further increase prices.
Setting Up a Foreign-Owned Travel Business In Vietnam and China
Tourism is no big business throughout Asia. With its rising middle class, Chinese tourists are traveling throughout the region. Countries like Vietnam are seeing significant growth in their tourism industries. As a result, more and more companies are looking to set up operations in the region. In this article we look at the regulations around setting up a tourism company in Vietnam and China, and give you a brief snapshot into each countries tourism industry. There are a number of important differences between the regulations of the two countries and it is important to consult a professional before moving forward with your operations.
