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 […]

Up, up, up: Vietnam’s growth over 20 years make it Asia’s shining star

Up, up, up: Vietnam’s growth over 20 years make it Asia’s shining star

Once war-torn and poverty-stricken, Southeast Asia is one of the world’s main growth spots. While developed economies stagger along, constantly on the brink of setting off another global recession, countries such as Myanmar and Indonesia are enjoying sustained economic expansion. Possibly the brightest economic star within the region is Vietnam, whose growing clout has been […]

Vietnam Falls For Obama During Visit

Vietnam was in the international spotlight last week due to a three-day visit by US President Barack Obama. It was exciting to see the country I’ve lived in for over four years garner so much attention. Predictably much of the American reporting focused on the war the two countries fought over 40 years ago, but […]

VietJet’s Blockbuster Boeing Order, But Where’s The Money Coming From?

VietJet’s Blockbuster Boeing Order, But Where’s The Money Coming From?

US President Barack Obama’s visit to Vietnam has generated several headlines, but perhaps the most surprising announcement was that low-cost airline VietJet Air had inked a US$11.3 billion deal to buy 100 aircraft from Boeing. This is just one very large part of an ongoing spending spree by VietJet – in February the carrier signed […]

Dead fish present challenges for new Vietnam leadership

Over the past month an environmental catastrophe of unprecedented scale has unfolded along Vietnam’s north-central coast. Over the first week of April hundreds 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. Fishermen were left without income and […]

Vietnam Tech Startups Boom

Vietnam Tech Startups Boom

Well-known for its relatively low-tech textile and agriculture industries, Vietnam is fast becoming a regional technology hub. Multinationals such as Samsung and Intel already have multi-billion dollar presences here (See: Vietnam’s High-Tech Hub: More Than Just Silicon Dreams), and Vietnam tech startups are now joining the scene in a big way. Though there are no […]

Battling Corruption in Vietnam

Battling Corruption in Vietnam

Corruption in Vietnam ranges from low-level bribery of traffic police for questionable violations, known colloquially as ‘coffee money’, to headline-grabbing scandals involving banks and government officials. The issue is a major one for the country, and the central government considers addressing corruption in Vietnam a top priority. Vietnam routinely performs poorly in global corruption rankings, […]

Reservoirs & Pumps to Combat HCMC Floods as Development Sinks City

Reservoirs & Pumps to Combat HCMC Floods as Development Sinks City

Southern Vietnam may be in the midst of a historic drought, but a major concern regarding the future of the region, and in particular Ho Chi Minh City (HCMC), is flooding. The annual monsoon rains regularly flood sections of the city and even high tide on the Saigon River can inundate low-lying areas. While HCMC […]