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The article titled “The Making of Asia’s Next Tiger” discusses Vietnam’s rapid economic growth and its potential to become a leading economic powerhouse in Southeast Asia. It highlights several key factors contributing to this transformation, including strategic planning, global integration, and a booming tourism sector. Vietnam’s economy has shown remarkable resilience, particularly in the wake...

The article discusses how Vietnam has emerged as a major production hub for smartphones, particularly highlighting Samsung Electronics’ strategic shift in its manufacturing operations. While many may associate smartphone production primarily with China, the article emphasizes that Vietnam is becoming increasingly significant in this sector. Samsung has made substantial investments in Vietnam, establishing factories that...

There is a significant interest by a major US energy company in investing billions of dollars in wind power projects in Vietnam. The initiative is part of a broader strategy to expand renewable energy sources in the country, which is increasingly recognized for its wind power potential due to its favorable geographical conditions. The US...

The Jakarta Post article discusses the accelerated plans of a major U.S. toymaker to relocate its manufacturing operations from China to Southeast Asia, specifically Indonesia and Vietnam. This shift is largely driven by the ongoing U.S.-China trade tensions, which have resulted in significant tariffs on Chinese goods, prompting companies to seek more cost-effective production alternatives....

The article from The Diplomat discusses how Vietnam has strategically positioned itself amid the ongoing trade tensions between the United States and China. As the trade war escalated, Vietnam emerged as a significant beneficiary, attracting manufacturers looking to avoid tariffs imposed on Chinese goods. This shift has been particularly pronounced in sectors like electronics and...

The challenges and opportunities that Vietnam, especially Ho Chi Minh City, is facing in attracting foreign direct investment (FDI). According to expert Kailash Raghuwanshi, Vietnam has great potential thanks to its increasingly improving business environment and technological development capabilities. However, there are still many bottlenecks that need to be overcome, including logistics issues, support policies...

The transport of goods from Vietnam to China by rail, with a time of only 14 hours from Yen Vien station (Vietnam) to Nanning South station (China). This is a big step forward, shortening the time by more than 80% compared to traditional sea transport methods, helping to realize the dream of “departing at night...

In the first two months of 2025, Vietnam’s economy demonstrated robust growth, achieving an impressive export surplus of $1.47 billion. The total import-export turnover reached $127 billion, reflecting a 12% increase compared to the same period in the previous year. This growth is attributed to a significant rise in export activities, with total exports surpassing...

Vietnam’s economy is projected to grow at an impressive rate of 6.5% in 2025, reflecting a strong recovery and resilience in the face of global economic challenges. This growth is primarily driven by increasing domestic demand and a rise in external orders, which are expected to bolster various sectors of the economy. Key Sectors for Growth Several industries are...

Singapore is building the world’s largest industrial park in Vietnam through 18 VSIP (Vietnam – Singapore Industrial Park) projects. These industrial parks have attracted more than 18 billion USD in investment capital, created about 900 projects and provided jobs for more than 300,000 workers. VSIP zones not only focus on industrial development but also aim...

An article from New Zealand’s RNZ, titled “Why we want to be mates with Vietnam,” emphasizes Vietnam’s impressive economic growth and its burgeoning trade relationships, particularly with New Zealand. Authored by Alexia Russell, the piece notes that Vietnam is becoming one of the most sought-after travel destinations globally, with international tourist arrivals surging by 43% in...

On March 12, 2025, Vietnam and Singapore officially upgraded their bilateral relations to a Comprehensive Strategic Partnership, marking Singapore’s first such partnership with an ASEAN member state. This significant development was announced during a meeting between Vietnamese Communist Party General Secretary To Lam and Singapore Prime Minister Lawrence Wong at Singapore’s Parliament House. The establishment of...

More than 1,000 of the world’s leading technology experts are coming to Vietnam, opening up unprecedented development opportunities in the fields of artificial intelligence (AI) and semiconductors. Vietnam is currently facing a once-in-a-lifetime opportunity to assert its position in the high-tech industry, especially in the context of a rapidly changing global environment. This event not...

Vietnam’s remarkable economic transformation is a compelling story of resilience and strategic reform. Once regarded as one of the poorest economies in the world during the 1980s, with a per capita GDP of just $15,470, the country has successfully transitioned into a dynamic exporter and a lower middle-income nation. This transformation began with the abandonment of...

The significant increase in Chinese investments in Vietnam and the potential risks associated with this trend, particularly in the context of U.S. trade policies under former President Donald Trump. As Vietnam becomes a more attractive destination for Chinese capital, it has inadvertently heightened its vulnerability to U.S. retaliation, especially given the growing trade surplus between...

Vietnam is experiencing significant economic momentum, largely driven by foreign direct investment (FDI). In 2024, the country secured $38.23 billion in FDI, ranking it among the top 15 developing nations for FDI inflows. This influx has been pivotal, with disbursement of FDI capital reaching a record $25.35 billion, marking a 9.4% increase from the previous year. The Ministry of...

Vietnam’s Prime Minister Pham Minh Chinh has outlined an ambitious plan to position Vietnam as Southeast Asia’s leading economic hub by 2030. Speaking at a roundtable with European corporations, he highlighted the country’s strong economic growth, with GDP reaching $476.3 billion in 2024 (a 7.09% increase) and GDP per capita rising to $4,700. The government...

Vietnam’s Prime Minister, Pham Minh Chinh, has set an ambitious vision for the country to become a major economic, trade, and investment hub in Southeast Asia by 2030. Speaking at a dialogue with European businesses, he outlined Vietnam’s potential for growth, highlighting its large population, strategic geographical location, and strong economic foundation. The Prime Minister...

Vietnamese Prime Minister Pham Minh Chinh recently called on Japanese businesses to consider Vietnam a strategic investment destination. Speaking at a dialogue in Hanoi, he emphasized the strong 52-year Vietnam-Japan relationship, which has been elevated to a comprehensive strategic partnership. He highlighted Vietnam’s commitment to fostering an open, transparent, and favorable investment environment for foreign...

On February 28, 2025, Vietnamese Prime Minister Pham Minh Chinh met with representatives from several major Chinese companies, including Goertek, Huawei, BYD, and ZTE. The Prime Minister encouraged these corporations to consider Vietnam as a strategic hub for production and business activities. This invitation was part of Vietnam’s broader effort to attract foreign investments and...

Vietnam’s foreign direct investment (FDI) saw a significant increase of 38.6% in the first two months of 2024, reaching a total of $4.29 billion. This growth is attributed to several large-scale projects, with prominent examples being the Trina Solar Cell and Gokin Solar projects. These major investments helped boost the overall FDI inflows into the...

In October 2024, Vietnam Electricity (EVN) received approval to construct a 500 kV transmission line between Lao Cai and Vinh Yen, valued at approximately VND7,010 billion ($277.2 million). This 229-kilometer dual-circuit line aims to enhance electricity distribution in the northwestern region and facilitate power imports from China. Deputy Prime Minister and Minister of Foreign Affairs...

Chinese electronics giant Goertek is seeking permission to expand its production site in Vietnam’s northern province of Bac Ninh by 25 hectares. A Goertek delegation disclosed the information at a meeting with Bac Ninh authorities on Monday, the first working day after the Lunar New Year holiday (Tet). The delegation also urged provincial authorities to...

The 715 MW Phu My 2.2 gas-fired power plant, invested per the build-operate-transfer (BOT) format, was transferred to state utility Vietnam Electricity (EVN) on Tuesday. The transfer followed the expiration of the power plant’s 20-year operation starting February 4, 2005. This is the second BOT power plant transferred to EVN, following Phu My 3 in...

According to the development plan of the Capital region until 2030, five localities adjacent to Hanoi are expected to be upgraded to cities, including two districts of Bac Ninh, two districts of Hung Yen and one town of Ha Nam. These localities are all adjacent to Hanoi, some only about 20 km from the center...

Vietnam’s National Assembly has sanctioned the development of a significant $8.3 billion railway project aimed at enhancing connectivity between northern Vietnam and China. This 391-kilometer electrified standard-gauge railway will extend from the Lao Cai-Hekou border gate through Hanoi to Haiphong, the largest seaport in northern Vietnam. The project also encompasses 27.9 kilometers of branch lines....

Vietnam’s remarkable economic ascent over the past decade has positioned it as a key manufacturing hub and a preferred alternative to China in global supply chains. However, with President Donald Trump’s administration intensifying scrutiny over trade imbalances, Vietnam’s substantial trade surplus with the U.S. has rendered it vulnerable to potential tariffs and other protectionist measures....

In February 2025, Vietnam’s Ministry of Industry and Trade proposed a draft law aimed at regulating cross-border e-commerce to protect consumers and ensure fair competition. The proposed legislation mandates that foreign e-commerce businesses operating in Vietnam must register and obtain an operating license from the Ministry. Additionally, these businesses are required to establish a local...

In 2024, Vietnam’s trade surplus with the United States reached a record high, exceeding $123 billion, marking an annual increase of nearly 20%, according to U.S. government data released on February 5, 2025. This significant surplus positions Vietnam behind only China, the European Union, and Mexico regarding trade imbalances with the U.S. The substantial increase...

In response to recent U.S. tariff reforms under President Donald Trump, Shein, the global fast-fashion retailer, is strategically shifting its manufacturing operations to Vietnam. Historically, Shein capitalized on the U.S. de minimis rule, which permitted duty-free imports for packages valued under $800, facilitating cost-effective direct shipments from China to American consumers. However, the recent suspension...

In response to U.S. President Donald Trump’s recent announcement of potential global reciprocal tariffs, Vietnam has expressed its commitment to maintaining open trade relations with the United States. The Vietnamese government stated it has no intention of implementing measures that would “create burdens or restrict trade” with the U.S. Furthermore, Vietnam is prepared to increase...

Over the past few decades, Vietnam has transitioned from a war-torn nation to a rising economic powerhouse through strategic reforms, international trade integration, and a focus on technology-driven growth. Vietnam’s economic strategy centers on maintaining political stability, promoting export-driven industries, and increasing foreign investment. The country’s government has implemented policies aimed at improving infrastructure, fostering...

Cai Mep International Terminal (CMIT), one of Vietnam’s key deep-water ports, recently welcomed the first vessel under the Gemini cooperation—a strategic partnership between two major global shipping lines, MSC and Maersk. The initiative aims to optimize shipping operations, ensuring more efficient cargo transport through Vietnam. The Gemini service will connect Cai Mep with major ports...

Vietnam’s economy has been the region’s outperformer in 2024, with full-year growth likely at 6.7% y/y. In 2025, we think Vietnam will continue to outperform its peers, growing by 6.5%.  What you will learn: Vietnam’s economy will be the standout among the ASEAN-6, growing at a faster pace relative to its peers during the next...

US tariffs on China have intensified, reshaping global trade and prompting a shift in manufacturing away from China to Southeast Asia. President Trump’s 10% tariffs, though lower than the initially threatened 60%, have spurred retaliatory measures from China, escalating the trade war. In response, international companies, including Chinese firms, began relocating their operations to Southeast...

The United States and Vietnam have made significant strides in strengthening their economic relationship over the past few decades. Since the normalization of diplomatic ties in 1995, trade between the two countries has grown dramatically, with the U.S. now being one of Vietnam’s top trading partners. Vietnam plays a key role in global supply chains,...

Vietnam’s economic outlook for 2025 is highly positive, building upon the strong momentum from an impressive 2024. The country’s robust export performance, marked by ten consecutive months of growth, is expected to continue, provided global trade remains stable and free from disruptions, such as potential tariff policies from the U.S. Exports play a crucial role...

On January 16, 2025, the People’s Committee of Binh Dinh province welcomed Mr. Timur Mohamed, Chairman of Palmer Johnson Company, and Mr. Roland Staub, Chairman of Finance Suisse Investment Fund, to discuss investment cooperation opportunities in the field of luxury tourism. Mr. Timur Mohamed commented that Binh Dinh possesses rare factors to develop into a...

Doctranslate.io, a Vietnamese startup founded by Dr. Tran Vu Anh, has developed an AI translation platform that surpasses “giants” such as Google Translate and ChatGPT. After many years of living and working abroad, Dr. Vu Anh realized that language is a major barrier in accessing knowledge for Vietnamese people. Although current translation tools such as...

Vietnam’s economic growth, driven by export-oriented policies and pro-market reforms, has positioned it as an attractive destination for foreign investment, particularly in manufacturing. The nation’s relatively low labor costs and strategic initiatives have encouraged companies to diversify supply chains away from China, enhancing Vietnam’s role in global trade. Despite these advancements, U.S. investment in Vietnam...

  Vietnam’s Ministry of Industry and Trade is drafting a decree on incentives for offshore wind power, including exemption and reduction of some fees and a commitment to minimum purchase of energy output. The draft decree stipulates that projects are exempted from paying sea-using fees during construction, and the fees are halved for 12 years...

The facility is being developed by Thai Binh LNG Power, a consortium made up of two Japanese utilities, Tokyo Gas and Kyushu Electric Power, and Vietnamese industrial conglomerate Truong Thanh Vietnam Group. The project was first announced in January last year, after the consortium formed at the Vietnam–Japan Economic Forum in Tokyo during Prime Minister...

Vietnam is proactively advancing its digital and sustainable economic transformation, positioning itself as a leader in Asia’s dual transition. The National Strategy for Digital Economy and Digital Society Development (2025 with a vision to 2030) and the National Green Growth Strategy for 2021-2030 (with a vision to 2050) underscore this commitment. Digital Economy Growth By...

Russian Prime Minister Mikhail Vladimirovich Mishustin arrived in Hanoi on January 14 for a two-day official visit at the invitation of Vietnamese Prime Minister Pham Minh Chinh. The Russian delegation was welcomed by key Vietnamese officials, including Minister Tran Van Son and Deputy Minister Le Thi Thu Hang. PM Mishustin is joined by Deputy PMs...

Vietnam’s real GDP has extended its momentum well above the median consensus views of international organisations. Vietnam’s economy demonstrated robust growth in 2024, with real GDP expanding by 7.09%, surpassing both the 5.1% growth in 2023 and the official target of 6.5%. This performance was driven by strong industrial production and services sectors, which contributed...

In 2024, the Vietnam economy showed remarkable resilience, marked by a positive GDP growth of 7.09 percent. Despite facing external challenges and the adverse impact of Typhoon Yagi, the country’s economic rebound highlighted its robust recovery and adaptability. With a steadily increasing per capita GDP and strong trade dynamics, Vietnam is a standout performer in...

According to data released by the General Statistics Office on January 6, in December 2024, the total import and export turnover of goods reached 70.53 billion USD, up 6.2% over the previous month and up 15.9% over the same period last year. In the whole year of 2024, the total import and export turnover of...

In 2024, Vietnam attracted 31.15 billion USD in foreign direct investment (FDI), an increase of 9.3% compared to 2023. Of these, Singapore continued to lead with a total registered investment capital of 6.46 billion USD, accounting for 20.7% of the total FDI capital in Vietnam. South Korea ranked second with 5.16 billion USD, accounting for...

For decades, China has been the global manufacturing leader and is known as the “factory of the world”. The country’s manufacturing industry is at the forefront of efficiency and production quality. However, over the past decade, Vietnam has emerged as a competitor in this field. South Korea’s Samsung Group currently has large factories in both...

According to a VNA correspondent in Canada, in its strategy to seek markets outside the US, Canada has chosen agricultural products and processed foods to expand exports to the Indo-Pacific region, while promoting production and trade activities in this region. The above strategy is currently being focused on by the Export Development Agency of Canada...

According to Minister Dung, Vietnam continues to be an attractive destination for global FDI flows – which are declining, and competition among countries is increasingly fierce. FDI attraction in 11 months of 2024 is estimated at nearly 31.4 billion USD, realized FDI capital is estimated at about 21.7 billion USD, up 7.1% over the same...

Vietnam has decided to restart its nuclear power program after an eight-year hiatus since 2016. On November 30, 2024, the National Assembly issued a Resolution on the development of nuclear power to meet electricity demand and reduce greenhouse gas emissions, aiming to achieve Net Zero by 2050. The Vietnam Atomic Energy Institute (VINATOM) has set...

Hanoi (VNA) – Minister of Industry and Trade Nguyen Hong Dien chaired a conference on January 2 regarding the development of science and technology human resources in service of Vietnam’s nuclear power programme. In his opening remarks, the minister highlighted the local potential for nuclear power development, noting that fifteen years ago, surveys identified 13-14...

Chinese media outlets, including The Paper, CRI, Sohu, Sina, the Guangdong E-Commerce Association’s website, and BWC, have recently highlighted Vietnam’s significant economic achievements in 2024 and its promising outlook for 2025. Reports indicate that Vietnam’s GDP grew by 6.42% in the first half of 2024, with projections suggesting it will surpass 6.8% for the entire...

HA NOI — The import value of computers, electronic products and components reached US$4.52 billion in the first half of December, according to the latest statistics from the General Department of Customs. This brings the total import value of this group of goods from the beginning of the year to December 15, to $102.25 billion....

The newswire outlined that this delicate act has allowed Vietnam to safeguard its economic interests, while promoting growth opportunities in key industries, especially technology. A notable milestone is NVIDIA’s recent acquisition of VinBrain, featuring Vietnam’s burgeoning tech sector and its pivotal role in global innovation. This acquisition not only underscores the potential of Vietnamese tech...

According to the General Statistics Office, in November, the total preliminary import and export turnover of goods reached 66.4 billion USD, down 4.1% compared to the previous month and up 9.0% compared to the same period last year. In the first 11 months of 2024, the total preliminary import and export turnover of goods reached...

According to the World Trade Organization (WTO), total global export turnover in 2023 reached 23.8 trillion USD, down 5% compared to the previous year. About 20 out of the world’s top 30 exporting countries recorded a decrease in export value. The number of global trade restrictions has increased nearly 5 times since 2015, reaching nearly...

On the morning of December 14, the first meeting of the National Steering Committee on Semiconductor Industry Development took place. At the meeting, Minister of Planning and Investment Nguyen Chi Dung said that, in the trend of diversifying supply chains and complicated geopolitical developments in the world, Vietnam is emerging as an attractive destination for...

Import-export turnover in 2024 is expected to reach 782 billion USD, the highest level ever, according to the General Department of Customs. According to the General Department of Customs, Vietnam’s import-export value as of December 14 reached nearly 745.4 billion USD. Of which, exports were 384.4 billion USD, while imports were nearly 361 billion USD....

NVIDIA has committed to investing 4 – 4.5 billion USD in the next 4 years, creating about 4,000 direct jobs and 40,000 – 50,000 indirect jobs. According to Minister Nguyen Chi Dung, in the context of countries promoting supply chain diversification and complex geopolitical fluctuations in the world, Vietnam is emerging as an attractive destination...

According to VNDirect Research, MSC – the world’s second largest container shipping line, headquartered in Switzerland, is planning to invest in the Can Gio international transit port project. This project is proposed by Saigon Port Corporation (SGP) and TIL – a subsidiary of MSC. Previously, MSC shared the Tanjung Pelepas transit port in Malaysia with...

The U.S. Geological Survey states that bauxite deposits are mainly found in tropical regions, the Mediterranean, and the equatorial belt. Countries with significant bauxite deposits include Australia, Central and South America (Jamaica, Brazil, Suriname, Venezuela, Guyana), Africa (Guinea), Asia (India, China, Vietnam), and Europe (Greece, Russia). Bauxite is a type of aluminum ore. From bauxite,...

With its rising costs, China is no longer the go-to destination for many businesses, and Vietnam has arisen as a serious competitor. Recent trends show that the number of orders shifting from China to Vietnam has seen a significant increase. In the past few years, a growing number of businesses have relocated their operations from...

We’re a robotics team in Westminster, California founded in 2020 as a non-profit. Team 8521 focuses on diversity, inclusion, and provide our members hands-on opportunities to practice real engineering and marketing. We’re also Competitors in FIRST Robotics designing, building, teamworking, and making connections with other Robotics teams around the nation, and also internationally. “I love...

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