by Teuvo Tuomi | Aug 18, 2024 | Vietnam, Investment, News
Vietnam’s cloud and data center industries are now open to 100% foreign ownership through the implementation of the revised Telecommunications Law. The new law, which came into force in July 2024, does not restrict foreign investment in providing digital services,...
by Teuvo Tuomi | Aug 15, 2024 | News, Business, Investment, Trade, Vietnam
The northern port city of Hai Phong has been a foreign investment magnet, hosting 967 foreign direct investment (FDI) projects underway worth US$30.65 billion. At a recent investment promotion conference in China’s Shenzhen city, Hai Phong granted investment...
by Teuvo Tuomi | Aug 13, 2024 | China, Economy, Investment, Trade, Vietnam
In Vietnam, more than 11 billion USD in foreign investment (FDI) was registered during the first five months of 2024, up 2% year on year, reported the Foreign Investment Agency (FIA). According to FIA, Singapore tops foreign investors in Vietnam during the period,...
by Teuvo Tuomi | Aug 6, 2024 | Hanoi, News, Transportation, Vietnam
The elevated section of the Nhon-Hanoi Urban Railway Project will open for commercial operations on Friday. The plan received agreement from the State Examination Council (SEC). The Hanoi Metropolitan Railway Management Board (MRB) says that it was an important event...
by Teuvo Tuomi | Jul 31, 2024 | Business, Economy, News, Vietnam
Vietnam’s retail sales and services revenue in the first seven months of this year totaled about VNĐ3.6 quadrillion (US$143.2 billion), up 8.7% year-on-year, the General Statistics Office (GSO) reports. In July alone, the value was VNĐ528.3 trillion, a rise of...
by Teuvo Tuomi | Jul 29, 2024 | News, Business, Economy, Exports, Vietnam
Vietnam’s exports in July are estimated to have risen 19.1% in July from a year earlier to $35.92 billion, the General Statistics Office (GSO) says. Also the industrial production index rose in July, expanding 11.2% from a year earlier, . Vietnam has been...
