Other Briefings
Vietnam Could Become World’s Largest Coffee Producer and Exporter
Vietnam could become the world’s largest producer and exporter of coffee. Currently, the country is the world’s second largest coffee exporter, behind only Brazil. However, many experts believe that Vietnam has the potential to overtake Brazil thanks to its favorable climate conditions, lower cost production and a bumper coffee crop.
Foreign Invested Firms Dominate Vietnam’s Garment and Textile Industry
Despite their small overall number, foreign direct invested (FDI) firms account for 60 percent of Vietnam’s total garment and textile export revenue. According to the Vietnam Textile and Apparel Association, there are 3000 garment and textile firms in Vietnam – 25 percent of which are FDI firms.
Real Estate Attracts High Level of FDI into Vietnam
With 20 newly licensed projects worth a total US$1.13 billion, Vietnam’s real estate sector has attracted the second highest amount of foreign direct investment in the country.
Foreign Logistics Firms See Success in Vietnam
While their presence is still small, foreign logistics firms are seeing increasing success and growth in Vietnam. As the country’s economy continues to grow, these firms are expected to continue to increase their level of investment and footprint on the ground in Vietnam.
Marks & Spencer to Join Vietnam Retail Market Competition
British retailer Marks & Spencer has announced plans to enter Vietnam’s retail market this summer with the opening of a flagship in Ho Chi Minh City. In the long-term, their company plans to open at least 20 stores in Vietnam by 2020.
Samsung to Aid Vietnam in the Creation of Domestic Support Industries
The South Korean electronics group Samsung has agreed to cooperate with the Vietnamese government in order to help develop the country’s domestic support industries.
Rising Costs in China’s Pearl River Delta Causing Manufacturers to Look to Vietnam
China’s Pearl River Delta (PRD), long known as one of the key factory centers for the world’s manufacturers (particularly those from Hong Kong) has now become too costly for many companies to stay in the region.
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 Rubber Surplus Hurts Producers, Helps Tire Industry
In an effort to help Vietnamese companies compete in the world market, the Ministry of Finance is considering cutting the rubber export tax to zero from the current rate of one percent.
Rising Ginger Prices in Vietnam Excite Farmers, Hurt Consumers
The price of ginger is expected to hit record-highs this year, according to the head of Ho Chi Minh City’s Farmers Association branch in Binh Chanh District. The price of ginger has risen from VND40,000 (US$1.87) in February to its current price of VND80,000 (US$ 3.75) per kilo.
