by Teuvo Tuomi | Jun 12, 2024 | Business, China, Digitalization, Finland, Technology, Vietnam, Visions
Foxconn will produce 5G AirScale equipment for Nokia at the former’s factory in Vietnam’s northern province of Bac Giang, Vietnamese state media reports. Production is scheduled to begin in July, according to Dau Tu newspaper, which is run by the Ministry...
by Teuvo Tuomi | Jun 5, 2024 | News, Business, Innovation, Investment, Technology, Vietnam
According to statistics from the National Agency for Technology Entrepreneurship and Commercialisation Development, Vietnam has currently about 3,800 startups. 11 of these are valued at over US$100 million, and three start-ups are valued at over $1 billion, including...
by Teuvo Tuomi | Jun 3, 2024 | Digitalization, Economy, News, Vietnam
The Vietnamese government has introduced a degree regulating non-cash payments, effective from the beginning of July 2024. The new decree defines e-money as the value of Vietnamese Dong (VND) stored digitally, based on the amount of money prepaid by customers to...
by Teuvo Tuomi | May 29, 2024 | Economy, Business, Health, News, Vietnam
After record profits in 2023, Vietnam’s pharmaceutical industry is facing limitations in 2024 due to rising raw material costs and increased market competition. SSI Securities Corporation forecasts pharmaceutical profit growth of 8.4% in 2024, lower than the...
by Teuvo Tuomi | May 21, 2024 | Business, Economy, News, Vietnam
Vietnam’s retail real estate market is thriving with occupancy rates above 90% in major shopping centers, according to a report from the Vietnam Association of Realtors (VARS). In 2022, it was estimated that total retail sales and consumer service revenue reached...
