CP Vietnam Corporation, a subsidiary of SET-listed Charoen Pokphand Foods Plc (CPF), expects 2019 revenue to grow by 10%, driven by higher purchasing power in Vietnam. Montri Suwanposri, president of CP Vietnam, said the market is rapidly expanding because of Vietnam’s GDP growth of 7-8% annually. The Vietnam government is investing heavily in megaprojects to […]
Read MoreMany companies are shifting their factories to Vietnam, underlining the potential for the strong development of industrial real estate. Savills Vietnam made the statement at a conference on September 4 in HCM City where it released its white paper on Vietnam’s industrial real estate in the first half of this year. They included many factories […]
Read MoreVietnam Airlines has become the first carrier in the country to secure a coveted license to fly direct to the United States, according to the airline and a regulatory filing seen by AFP. The approval has for months been sought by Vietnamese carriers eager to exploit a fast-growing market for air travel among Vietnam’s booming […]
Read MoreThe reduction of working hours from 48 hours per week to 44 hours will create difficulties for textile and garments enterprises, said Vietnam Textile and Apparel Association (Vitas) vice-chairman Truong Van Cam in the response to the draft-revised Labour Code which made the change in May this year. He told Vietnam News Agency that the […]
Read MoreThe Hanoitimes – Southeast Asia’s startup space has been led by Indonesia and Singapore, which claim six of the eight regional unicorns. Vietnam, however, “certainly has the potential to establish itself as Southeast Asia`s next leading startup ecosystem,” noted a joint research by ESP Capital and Cento Ventures. Out of US$5.9 billion invested in Southeast Asian […]
Read MoreThe Hanoitimes – The slowdown in growth in August, and panelist reports of the US-China trade tensions harming demand, show that the Vietnamese manufacturing sector is not immune to the impacts of global trade issues. The headline Nikkei Vietnam Manufacturing Purchasing Managers’ index (PMI) posted 51.4 in August, remaining above the 50.0 no-change mark, but […]
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