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With 6.5 million cars and 74 million motorcycles, Vietnam is the second-largest emitter of greenhouse gases (GHGs) from road transport in Southeast Asia, following Indonesia. Emissions from road vehicles in the country are rising rapidly, with an average annual increase of about 15 per cent over the past decade.In contrast, global trends are...

In the first seven months of 2024, foreign investment channel into new and existing projects increased sharply compared to the same period last year, by 35.6 per cent to US$10.8 billion and 19.4 per cent to nearly $5 billion, respectively.After a booming period, foreign investment flows into Việt Nam via mergers and acquisitions (M&A) have...

According to the recently released data by the General Statistics Office, in the first six months of this year, the implemented foreign direct investment (FDI) in our country is estimated to have reached $10.84 billion, an increase of 8.2% compared to the same period last year. This is the highest amount of implemented foreign direct investment...

FDI attraction in six months of 2024As of May 20, 2024, the total newly registered capital, adjusted capital and capital contributions and share purchases of foreign investors stood at over 11.07 billion USD, a year-on-year rise of 2%.Foreign Investors registered nearly 9.54 billion USD in 1,538 new projects, up 46.9% in capital and 18.9%...

The word ‘Glocal’, a portmanteau of global and local, has long fascinated me. Emerging from the Japanese word ‘Dochakuka’, it simply refers to global localization. Another origin of the term comes from the saying, “Think Global, Act Local.”No local strategy is purposely old-fashioned, as some modern thinkers might believe. When local...

Market OverviewThe Vietnamese pharmaceutical market is experiencing significant growth, driven by an expanding middle class, increasing healthcare expenditure, and rising demand for quality healthcare products. The market offers opportunities for both domestic and international pharmaceutical companies, focusing on generic drugs and increasing...

The supply chain operations in Vietnam are undergoing significant transformation driven by digitisation, infrastructure development, sustainability efforts, and global integration. Embracing these trends will be crucial for businesses to enhance their competitiveness, resilience, and efficiency in the dynamic global market of 2024.Digital...

In 2024, the logistics industry is poised for significant transformation driven by technological advancements, a focus on sustainability, and the continued growth of e-commerce. Companies will need to adapt to these changes by embracing innovation, enhancing supply chain resilience, and leveraging data to make informed decisions. The integration...

The Government of Vietnam issued a decree on June 30, reducing the value-added tax (VAT) on goods and services from July 1 to December 31 2024.This move follows a National Assembly resolution adopted on June 29.VAT ReductionThe VAT rate will be reduced from 10% to 8%, a cut that has been in place since 2022. However, this reduction does not...

Economic OverviewVietnam’s import and export activities opened with a $58.49 billion turnover of goods in the first quarter of 2023​ . The central-to-market economy plan has transformed the country from one of the poorest into a lower-middle-income country. Since the Doi Moi reform period, the country’s five-year directive and indicative...