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 | Jun 2, 2024 | Economy, Business, Manufacturing, News, Vietnam
Vietnam’s industrial production index (IIP) grew by 3.9% over April and 8.9% compared to the same period last year, according to the General Statistics Office (GSO). The GSO said the IIP in the first five months soared 6.8% year-on-year. The manufacturing and...
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...
by Teuvo Tuomi | May 14, 2024 | Vietnam, Business, Digitalization, Investment, Technology, Visions
Vietnam’s data center market is attracting foreign investors due to high demand, according to the Jones Lang LaSalle (JLL)’s market report. International developers and operators are beginning to enter the Vietnamese market, including notable projects like...
