Vietnam Increases Debt Ceiling Amid Rampant Spending

Vietnam Increases Debt Ceiling Amid Rampant Spending

Less than a month after claiming they would not raise the Vietnam government debt ceiling, the National Assembly has done just that. The legislature is scrambling to come to terms with the costs associated with the spectacular modernisation and growth experienced under former prime minster Nguyen Tan Dung, who served from 2006 to 2016 and […]

Summit Puts Vietnam’s Economy Under the Microscope

Summit Puts Vietnam’s Economy Under the Microscope

Government officials, development experts, and members of the private sector gathered recently in Ho Chi Minh City for the opportunity to listen as Vietnam’s economy was put under the microscope. Held for the first time in four years The Economist‘s ‘Vietnam Summit 2016’ saw the country’s opinion leaders from government, industry and international finance bodies […]

Foreign Investors Wait Major Vietnam Divestment With Bated Breath

Foreign Investors Wait Major Vietnam Divestment With Bated Breath

Some of Vietnam’s most sought-after corporations are preparing to open their doors to more foreign investment, but the government’s divestment timeline remains inexact, along with its plans to raise the foreign investment cap. (See: Vietnam Teases Foreign Investors, But Jewels in The Crown Remain Out of Reach) While State Capital Investment Corporation (SCIC) has announced […]

Vietnam Real Estate & Exports Face Turbulence in Q3 2016

Vietnam Real Estate & Exports Face Turbulence in Q3 2016

Vietnam’s real estate and export sectors have proven to be strong drivers of the Vietnam  economy in recent times, which remains resilient despite striking some humps earlier in the year. Vietnam GDP grew 6.4 per cent in the third quarter, up from 5.78 per cent over the previous three months, according to the General Statistics […]

Canyoning Da Lat’s Datanla Falls

Canyoning Da Lat’s Datanla Falls

Located amid the cool, pine-clad mountains several hours northeast of Ho Chi Minh City, the town of Da Lat offers a much-needed respite from the sultry heat of southern Vietnam. Built as a retreat for the French elite during the colonial era, today Da Lat is one of Vietnam’s most popular tourism destinations. Those looking […]

Vietnam Again Hints at Raising Bank Foreign Ownership Cap

Vietnam Again Hints at Raising Bank Foreign Ownership Cap

In what has become something of a regular occurrence the Vietnamese government is considering raising the foreign ownership cap on Vietnamese banks. Currently foreign ownership is limited to 30 per cent. Non-strategic investors can own up to 15 per cent, while strategic partners can own a maximum of 20 per cent. According to Reuters, last week […]

2016 Mekong Tourism Alliance Award Winners

2016 Mekong Tourism Alliance Award Winners

The eighth annual Mekong Tourism Alliance Awards (MTAA) were held on September 7 at the Ho Chi Minh City, Vietnam’s Gem Center as part of the 12th International Travel Expo Ho Chi Minh City (ITE HCMC 2016). Supported by the tourism ministry’s of the five CMLVT (Cambodia, Myanmar, Lao PDR, Vietnam, and Thailand) countries, the […]

No Relief in Sight to Tan Son Nhat Growing Pains

No Relief in Sight to Tan Son Nhat Growing Pains

While regional rivals such as Bangkok and Kuala Lumpur benefit from the services of massive, modern airports, Vietnam’s Ho Chi Minh City remains hampered by an overused, congested terminal that was originally built in the 1950s… with little relief in sight. Unlike Suvarnahbumi International Airport in Bangkok or KLIA and KLIA 2 in Malaysia which […]

American firms in Asean Put Vietnam as Preferred Expansion Location

American firms in Asean Put Vietnam as Preferred Expansion Location

After playing second fiddle to Indonesia for the past two years Vietnam has returned to the number one location in Asean where American businesses operating in the region plan to expand. According to the 2017 Asean Business Outlook Survey 40 per cent of American firms in Asean nominated Vietnam as their preferred location to expand […]

China 1937CN Team Infiltrate Vietnam Airlines, Airports

China 1937CN Team Infiltrate Vietnam Airlines, Airports

Tensions between Vietnam and China over competing claims in the South China Sea took an unexpected turn on July 29 when Chinese hacker group China 1937CN Team took over the announcement screen systems at both Hanoi’s Noi Bai International Airport and Tan Son Nhat International Airport in Ho Chi Minh City. The hackers displayed “offensive […]

Vietnam M&A Deals Buoyed by Foreign Interest

Vietnam M&A Deals Buoyed by Foreign Interest

The rapidly growing Vietnam economy and the country’s large, young population makes it an attractive destination for a wide range of investments. Major corporations such as Intel, Samsung and Honda have poured large amounts of money into the Vietnam economy in recent years. Tempted by the buoyant domestic retail market – Euromonitor International estimates that Vietnam […]

Money For Mass Fish Die-Off Puts Pressure on Formosa And Government

Money For Mass Fish Die-Off Puts Pressure on Formosa And Government

After a long wait the Vietnamese government late last month declared the cause behind possibly the worst  environmental disaster the country has seen. Along Vietnam’s north-central coast thousands of tons of dead fish washed ashore along a 200 km (124 mile) stretch covering four provinces: Ha Tinh, Quang Binh, Quang Tri and Thua Thien-Hue. As […]

Economic Headwinds Blunt 2016 Vietnam GDP

Economic Headwinds Blunt 2016 Vietnam GDP

Though it remains a bright economic spot amid uncertain global times, the 2016 Vietnam GDP forecast is in trouble midway through the year. At the beginning of 2016 the government set an ambitious growth target of 6.7 per cent. Prominent financial bodies such as HSBC and the World Bank, meanwhile, predicted 2016 Vietnam GDP growth […]

Luxury Tax Cut Expected to Boost Vietnam Auto Industry

Luxury Tax Cut Expected to Boost Vietnam Auto Industry

Although Vietnam remains a country of motorbikes automobiles are becoming more common by the day. Car sales were up 31 per cent in the first five months of this year over the same period in 2015 which saw a 55 per cent year-on-year (YoY) increase to 245,000 units on top of a 35 percent YoY […]

ADB Affirms Support For Vietnam, Cautions on SOEs

ADB Affirms Support For Vietnam, Cautions on SOEs

The Asian Development Bank assured Vietnamese leaders last week that the organisation will continue to assist the country. Takehiko Nakao, the ADB’s president, met with a number of top ministers to discuss future cooperation and needs. Nakao affirmed that the ADB will provide about US$1 billion in sovereign lending to Vietnam annually. This lending will […]