Uber’s departure from the Vietnamese market has created a space for Vietnam’s apps to develop. Vato, Aber, 123xe and the newcomer Fastgo are among them.
Vietnam has been receiving big investments from Japan, Singapore and the Republic of Korea, and new capital from China.
Vietnam’s steel and steel products have been subject to many anti-dumping lawsuits in recent years.
The stock market is still seeing foreign investors pour money into bank shares, analysts say.
Vietnamese beer brands still hold 70 percent of market share, but tastes are changing and people are spending more on high-end products.
Vietnam has emerged in SE Asia as an important energy, natural oil and gas producer. Ranked fifth in the region in oil & gas production and oil reserves, Vietnam has discovered 100 potential oil fields with estimated total reserves of 643 million tons of oil and 644 billion cubic meters of gas.
More and more investments have been seen in the pharmaceutical industry, from production to distribution.
With 12 percent of families having children aged below one and 20 percent of families having one- or two-year olds, the highest proportion in South East Asia, Vietnam is a promising US$7 billion market for companies which provide goods and services for mothers and children.
Many Vietnamese plastics companies have decided to open their doors widely, receiving more foreign shareholders amid increasingly fierce competition in the market.
Vietnamese companies are dominating the cooking oil market despite the presence of big foreign brands.