Category Archives: Biz in Saigon

The newly consolidated Ho Chi Minh City Export Processing Zones and Industrial Parks (HCMC EPZs & IPs) aim to attract $3.73 billion in new and adjusted investments in 2025. Of this, the former HCMC EPZs and IPs are projected to attract $600 million; the former Ba Ria-Vung Tau IPs are expected to draw $1.88 billion; […]

As the United States implements higher tariffs on imported goods, Vietnamese businesses need to prepare contingency plans. This involves developing contingency financial plans, calculating the cost impact of various tariff scenarios to secure reserve capital, and restructuring costs. Electronics Products Accounted for 34.9% of Total Exports to the US in 2024 The electronics industry plays […]

According to the Vietnam Association of Mechanical Industry (VAMI), the country has approximately 3,100 manufacturing enterprises with 53,000 production facilities, accounting for nearly 30% of the total number of industrial processing and manufacturing enterprises in Vietnam. However, domestically produced mechanical products currently occupy only about 7% of the market. Speaking at the seminar “Diversifying Markets, […]

On December 11, at the Dong Dang border economic zone in Lang Son province, Viettel inaugurated Vietnam’s first Logistics Park. The Viettel Logistics Park is a key project in Viettel Group’s strategy to build the national logistics infrastructure. The park aims to become a trade bridge connecting 700 million ASEAN citizens with the 1.4 billion-strong […]

The Ministry of Industry and Trade has recently proposed a new pricing mechanism for the surplus of rooftop solar power. In the latest presentation sent by the Ministry of Industry and Trade (MoIT) to Deputy Prime Minister Tran Hong Ha regarding a number of requests and directives related to the process of drafting the Decree […]

Following the recovery momentum since late 2023, industrial production continues to show a positive trend. Output has increased significantly due to the fourth consecutive month of improved new orders. According to S&P Global, the growth rate of manufacturing output in July was faster than in June and reached its highest level since March 2011. Therefore, […]

As of the end of May 2024, Vietnam had established 425 industrial parks and export processing zones with a total industrial land fund of approximately 89,200 hectares. Of these, 299 industrial zones have been put into operation, attracting a large amount of investment capital, supplementing important resources for the economic and social development of the […]

Vietnam, a country known for its vibrant culture, rich history, and stunning landscapes, offers an array of breathtaking views that captivate travelers from around the world. From majestic mountains and terraced rice fields to pristine beaches and bustling cities, Vietnam’s natural and urban scenery is truly diverse and awe-inspiring. Here are eight must-see locations in […]

Vingroup and Mitsubishi Corporation have just signed a memorandum of understanding on comprehensive strategic cooperation in five key areas. First, in the field of urban development, Mitsubishi Corporation will invest heavily in Vinhomes to create high-class smart urban projects in Vietnam, increasing the quality supply for the market. The Japanese group also participates in developing […]

According to the data just announced by the General Statistics Office, Vietnam attracted over 11 billion USD FDI in the first 5 months of 2024 and the disbursed capital reached about 8.25 billion USD, up 7.8% over the same period in 2023. The total registered foreign investment capital in Vietnam as of May 20, 2024, […]