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...
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...
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