VIR
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Foreign firms shift to Vietnam due to US-China trade war
Yokowo and Zhejiang Hailide New Material’s plan to relocate their factories from China to Vietnam shows that Vietnam will be one of the leading destinations for investors operating in China due to the impact of the US-China trade war.
Expanding trade surplus aids growth
Vietnam expects a bright export picture for 2018, driven by the key export items of phones and electronic components, textiles and garment and footwear, as well as a growing trade surplus despite protectionist measures coming into effect across the globe.
Qualcomm gives wings to Vietnam to enter 4.0 era
On the sidelines of Qualcomm 4G/5G Summit in Hong Kong recently, Jim Cathey, president, Asia Pacific and India senior vice president, Qualcomm Technologies, Inc., shared with Thanh Van his insights into Vietnam’s advantages in adopting 5G and how Qualcomm can help facilitate the deployment of this technology in the Industry 4.0 era.
Strengthening local automobile production and localisation rate
As the import duty for ASEAN CBU (completely built-up) becomes 0 per cent, and some administrative barriers like Decree 116 preventing CBU imports are no longer effective, VIR talked with Toru Kinoshita, chairman of the Vietnam Automobile Manufacturers' Association (VAMA) about ways to increase the localisation rate and enhance local automobile production.
CPTPP likely to be approved in mid-November
The National Assembly’s upcoming sixth session will vote on ratifying the resolution and related documents on Vietnam’s joining the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP).
The women breaking business barriers
In the development of the Vietnamese economy, there are many women leading and inspiring the country’s business community, symbolising the strength and beauty of Vietnam and serving as role models for today’s youth.
Feeding the need of livestock sector
The first 10 months of this year have witnessed a surge in foreign-backed investment in the Vietnamese animal feed industry, amid growing domestic demand in line with the country’s rapid economic growth and regional trends.
Amstel officially enters Vietnamese beer market
The beer market in Vietnam has recently witnessed the official arrival of a premium European beer brand—Amstel. Amstel is the latest addition to Heineken Vietnam’s product portfolio, which includes Heineken and Tiger, the beer brands of choice for many Vietnamese consumers over 27 years.
Hyosung Group gunning for M&A in Vietnam
The Republic of Korea's industrial giant Hyosung Group aims to turn Vietnam into a major manufacturing base to realise its global expansion target.
Apple manufacturers looking to shift business from China to Vietnam
To avoid the US’ $200 billion tariff slapped on Chinese goods, smartphone giant Apple’s manufacturers are looking to shift business from China to Vietnam and other Southeast Asian countries.