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...
In the first half of 2024, bilateral trade between Vietnam and China approached the US$100 billion mark, with Vietnam exporting US$27.8 billion worth of goods to China, a 5.3 percent increase from the previous year. Imports from China reached US$67 billion, resulting in a trade deficit of US$39.2 billion for Vietnam, a 67.9 percent increase....
Vietnam now has the fourth-highest trade surplus with the United States, lower only than China, Mexico and the European Union. The increasingly symbiotic relationship emerges from trade, customs and investment data reviewed by Reuters from the United Nations, the U.S., Vietnam and China, and is confirmed by preliminary estimates from the World Bank and half...
Vietnam is home to 174 foreign-invested projects active in the semiconductor industry with a total registered capital of US$11.6 billion, heard the first meeting of the national steering board for semiconductor development led by Prime Minister Pham Minh Chinh on Saturday. The National Innovation Center (NIC) in Hanoi and many hi-tech parks in Ho Chi...
NVIDIA, a leading American artificial intelligence (AI) computing company, has recently shown strong interest in the Vietnam market alongside other technology giants expanding into Southeast Asia. These developments reflect the Vietnamese government’s proactive technology development strategy and the country’s significant economic potential. We examine how this investment could shape Vietnam’s tech sector growth and opportunities...
Reflecting on Vietnam’s challenges—economic scarcity, limited opportunities, and a slow but steady opening to the global stage—I often pondered what it would take to foster mutual benefits between our two nations, rather than perpetuating the usual outsourcing of American jobs. Vietnam’s resilience and adaptability have positioned it as one of the region’s most promising technological...
He outlined his belief that the Vietnamese economy will continue its growth trend and will reap more outstanding achievements ahead in 2025. According to Weiwei, although Gross Domestic Product (GDP) growth figures for this year have not yet been announced, when presenting a report on the results of the implementation of the socio-economic development plan...
Referred to as one of Southeast Asia’s ‘Tiger Cub’ economies for its export-driven growth model similar to the ‘Asian Tigers’ Singapore, South Korea, and Taiwan, Vietnam continues to experience strong economic growth. This is largely driven by the government’s efforts to pursue international economic integration and implement pro-market reforms. In addition, Vietnam’s relatively cheap labor...
Vietnam’s economy is expected to grow at 6.4 per cent for the full year 2024, and for the fourth quarter (Q4), it is expected to expand at 5.2 per cent year-on-year (YoY), according to Singapore-based United Overseas Bank (UOB). The country’s economy is estimated to grow at 6.6 per cent by 2025, and exports to...
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