The textile and garment industry still has a great need to attract foreign capital for the production of fabrics, yarns and accessories to serve export needs to take advantage of tariff preferences from free trade agreements (FTAs). Data from the Foreign Investment Department (Ministry of Planning and Investment) shows that, as of May 18, 2022, […]
Read MoreThe upgrade to Ba2 reflects Vietnam’s growing economic strengths relative to peers and greater resilience to external macroeconomic shocks. Moody’s Investors Service on September 6 upgraded the Government of Vietnam’s long-term issuer and senior unsecured ratings to Ba2 from Ba3 and changed the outlook to stable from positive. The upgrade to Ba2 reflects Vietnam’s growing […]
Read MoreVietnam passed South Korea to lead the consumption per capita of instant noodles in the world in 2021, according to the World Instant Noodles Association (WINA). The rate per person increased from 55 servings in 2019 to 72 servings in 2020 and 87 servings in 2021 for Viet Nam, which was 73 servings in South […]
Read MoreAnticipating an electricity shortage, the Ministry of Industry and Trade (MOIT) has asked permission from the Prime Minister to import electricity from Laos and develop transmission lines to bring electricity from Laos to Vietnam. Citing reports of Electricity of Vietnam (EVN), MOIT said EVN has calculated the power capacity in the north in 2022-2025 to […]
Read MoreBusiness sentiment continues to improve with 57% of respondents predicting that output will increase over the coming 12 months, against 9% that expected a decrease. Vietnam’s Manufacturing Purchasing Managers’ Index (PMI) posted 52.7 in August, up from 51.2 in July and signaling a solid improvement in the health of the manufacturing sector midway through the […]
Read MoreMany Japanese businesses believe that Vietnam needs to get rid of the image of an assembly and outsourcing country by creating new technology industries to help solve society’s challenges. At a recent seminar held by Mitsubishi Research Institute on business initiatives towards the future society in Vietnam, Mr. Nguyen Anh Tuan, Deputy Director of the […]
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