HCMC attracts over 1 billion USD in FDI


HCMC attracts over 1 billion USD in FDI

HCMC had lured over 1 billion USD in foreign direct investment (FDI) this year as at March 20, down 33 percent compared to the same period last year, according to the city’s statistics office. The figure includes newly-registered capital, additional capital in existing projects, capital contributions, and shares purchased by foreign investors. The city granted…

EVFTA: How Will European and Vietnamese Investors Benefit?


EVFTA: How Will European and Vietnamese Investors Benefit?

European Parliament ratified the EU-Vietnam Free Trade Agreement (EVFTA) receiving 401 votes in favor, 192 against and 40 abstentions. On the same day, the EU-Vietnam Investment Protection Agreement (“EVIPA”) was also approved marking a historic step in EU-Vietnam trade relations. Both agreements were already officially signed in Hanoi In June 2019. Industry and Trade Minister…

Vietnam saves 436,000 kWh during Earth Hour 2020


Vietnam saves 436,000 kWh during Earth Hour 2020

Vietnam saved 436,000kWh of electricity, equivalent to VND812.9 million (US$34,900), in one hour from 20:30 to 21:30 on March 28, according to the National Power Dispatch Centre. In 2019, the country’s saved 492,000kWh of power – equivalent to VND917 million (US$39,400). Focussing on the theme ‘Loss of biodiversity’, Earth Hour 2020 drew attention to the…

CNN: Vietnamese coffee wakes up the world


CNN: Vietnamese coffee wakes up the world

The US Cable News Network (CNN) published an article explaining why the world is waking up to Vietnamese coffee. According to the network, Rob Atthill, a pioneer of the Vietnamese street food scene in London, said that he was “smitten” by Vietnamese coffee the first time he visited the nation, in 2004. Atthill started importing…

Vietnam’s e-commerce market to surpass 17 bln USD in 2023


Vietnam’s e-commerce market to surpass 17 bln USD in 2023

Vietnam’s e-commerce market is projected to grow at a compound annual growth rate (CAGR) of 16.3 percent from 9.4 billion USD last year to 17.3 billion USD in 2023, data analytics company GlobalData forecast. Singapore-based Business Times on March 10 cited a GlobalData report saying Vietnam’s e-commerce market has doubled over the past five years,…

Google, Microsoft shift production from China faster due to virus


Google, Microsoft shift production from China faster due to virus

Google and Microsoft are accelerating efforts to shift production of their new phones, personal computers and other devices from China to Southeast Asia amid the worsening coronavirus outbreak, with factories in Vietnam and Thailand expected to be the beneficiaries, the Nikkei Asian Review has learned. Google is set to begin production of its latest low-cost…

Vietnam’s two big cities lead region in dynamic growth: JLL


Vietnam’s two big cities lead region in dynamic growth: JLL

Ho Chi Minh City and Hanoi continue to lead the momentum in Southeast Asia, ranking third and seventh among the most dynamic cities in the world, according to the City Momentum Index recently issued by property consultant Jones Lang LaSalle. The results show a continuing shift in global influence from west to east, with Indian,…

Vietnam lures US$5.3 billion in FDI in January


Vietnam lures US$5.3 billion in FDI in January

Foreign direct investment (FDI) in Vietnam reached US$5.3 billion in January, a remarkable yearly increase of 179.5%, according to the General Statistics Office (GSO) on January 29. FDI disbursement in the same reviewed period was posted at US$1.6 billion, a year-on-year increase of 3.2%. As of January 20, Vietnam attracted 25 new FDI projects with…