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Many luxury brands have begun implementing a market diversification strategy in Southeast Asia, especially Singapore, Thailand and Vietnam, according to Savills Vietnam.
A survey recently conducted by JETRO highlights that 100% of Japanese retailers operating in Vietnam expect their profits to increase over the course of the year, whilst 60% plan to expand their businesses over the coming one or two years.
Total revenue from retail sales of consumer goods and services in May was estimated at 519 trillion VND (22.09 billion USD), an increase of 1.5% over the previous month and 11.5% year on year thanks to the long holidays in the beginning of the month.
Singapore was the biggest foreign investor in HCM City in terms of newly-registered projects and capital contribution for share purchases in the last five months, with 72 new projects worth $121.5 million.
The Indian Consulate General in Ho Chi Minh City will hold a range of cultural exchange, and trade, investment and tourism promotion programmes in 2023, aiming to foster the ties between India and Vietnam.
The British travel guide Lonely Planet has named The Reunification Express, or Vietnam’s north-south railway, one of the most incredible rail trips in the world.
The volume of electricity imports is small, mostly from China and Laos, according to the Ministry of Industry and Trade (MOIT).
Vietnam is among the world’s top countries in total numbers of poultry and pigs, but the market is being gradually acquired by foreigners. About 8 million farming households have been weeded from the market.
Cashew nuts have put this place firmly on the map, and locals living here serve up the delicacy with added ingredients of love and pride.
Cross-border social media, such as Facebook, TikTok and YouTube, will be prohibited in Vietnam if they are uncooperative. The Ministry of Information and Communications (MIC) says it will be firm when handling violations to ensure a clean cyberspace.
Tourism experts have recommended allowing a unilateral visa waiver for 30 days for golf tourists and tourists travelers on special airplanes.
Many Vietnamese digital signature authentication service providers are seeking answers about the use of one digital signature for individual citizens.
Minister of Finance Ho Duc Phoc said since capital for public investments cannot be disbursed, the Ministry of Finance has had to leave VND1 quadrillion worth of capital at banks with the interest rate of 0.8 percent per annum.
Eighteen Russian firms will attend the International Exhibition of Film, Technology, Radio and Television (Telefim Vietnam) 2023 that will take place in Ho Chi Minh City from June 8-10.
According to the health ministry's statistics, to date, Vietnam has recorded over 11.6 million COVID-19 infections, with total recoveries logged at 10.63 million.
The Central Highlands province of Dak Nong has recently discovered numerous artefacts belonging to inhabitants dating back 3,500 years.
Vietnamese nationals rescued from Philippine human trafficking ring return home
A director of the Khanh Hoa Television Station was reported dead after falling off a scaffold while inspecting the grandstands of the Nha Trang Sea Festival 2023 on May 29.
Authorities in the central coastal province of Khanh Hoa have just reclaimed a complex of five French style villas which used to host late King Bao Dai and his family during their holidays for better preservation.
Vietnam is among the top three most favourite tourist destinations for Korean visitors in Asia, according to statistics from KB Kookmin Card of the Republic of Korea (RoK).