Other Briefings
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.
Foreign Investors Help Grow Vietnam’s Wood Industry
Foreign investors should take note of Vietnam’s wood industry – since 2006 exports have expanded from US$1.92 billion to US$5.7 billion in 2013. Contributing to this growth were the country’s stable economy, appropriate credit growth, curbed inflation and large consumer and labor markets.
Vietnam’s Pharmaceutical Market Set for Healthy Growth
The next six years look to be very interesting for the pharmaceutical industry in Vietnam. Recent economic forecasts have predicted a US$5 billion increase in value over the next six years, reaching a net worth of US$8 billion by 2020 – a compound annual growth rate of 15.4 percent
Luxury Car Sales Speed Up in Vietnam
As the country’s economy continues to strengthen and its consumer class continues to grow, luxury car brands are increasingly looking to Vietnam as a potential market for their products.
Vietnam Plastics Industry to See Strong Growth
Over the past two years, plastics companies have been disappointed by the slowing Vietnamese economy. But now, due to global companies looking for cheaper alternatives to China, the economy is showing strong signs of recovery for plastics producers.
Vietnam Considers Strengthening Local Auto Industry
Vietnam has pledged to soldier on with its developing auto industry despite an increasingly competitive market. This increase in competitiveness is due to free trade agreements such as the ASEAN Trade in Goods Agreement, which will be implemented in 2018 and which will allow cars to be imported duty-free from ASEAN countries.
Vietnam Textile Industry Issues Plan for 2020 and Beyond
Vietnam’s Ministry of Industry and Trade has recently ratified a textile and garment industry development plan for 2020, with a vision for 2030. According to Deputy Minister Do Thang Hai, the plan will do much to boost the growth of the textile industry in Vietnam.
Coffee Prices Soar as Coffee Bean Sales Slow in Vietnam
After a record crop of 1.7 million tons of robusta beans, Vietnam’s current reserve of coffee beans has shrunk to a low of 390,000 tons at the end of April. This is less than the average reserve of 25 percent, which had been seen over the last five years.
Vietnam Online – Understanding Vietnam’s E-commerce Market
Vietnam, like much of Asia, has a growing middle class which, in-turn, is spawning a strong consumer culture. Within the country, e-commerce is fast becoming the preferred method of shopping, particularly among the young.
Manufacturing on the Move: Airbus’s Operations take Flight in Vietnam
Hanoi-based Nikkiso Vietnam will soon become the first Vietnam-based manufacturer of Airbus components according to a press conference held yesterday by the manufacturing division of the European multinational, Airbus Group.
