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Laos and Vietnam Launch Cross-Border Micropayments

Laos and Vietnam Launch Cross-Border Micropayments

by Teuvo Tuomi | Sep 3, 2024 | Laos, Business, Innovation, News, Trade, Vietnam

Laos and Vietnam are set to Launch a new payment system enabling direct trade transactions in kip and dong currencies. Starting in September, the cross-border micropayment system will allow Vietnamese consumers to pay in Laos using QR codes. The Vietnam-Laos...
Vietnam Halves Registration Fees for Local Cars

Vietnam Halves Registration Fees for Local Cars

by Teuvo Tuomi | Aug 31, 2024 | Vietnam, Economy, Manufacturing, News

The registration fee for Vietnamese-made cars will be cut by 50% for three months starting in September, according to the government. This is for a fourth straight year that the cut is being implemented, but every time in the past it was only for six months. The...
Vietnam’s Rice Exports Soar in Volume and Value

Vietnam’s Rice Exports Soar in Volume and Value

by Teuvo Tuomi | Aug 20, 2024 | Vietnam, Exports, Food & Drinks, Lifestyle, News

Vietnam’s rice exports are projected to exceed 5 billion USD this year, fueled by robust global demand and stable prices. Between January and July, Vietnam shipped over 5.1 million tonnes of rice worth 3.2 billion USD aboard, up 25% in volume and 5.8% in value...
Vietnam’s Data Centers Open to Foreign Investors

Vietnam’s Data Centers Open to Foreign Investors

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,...
Hai Phong Remains Vietnam’s FDI Magnet

Hai Phong Remains Vietnam’s FDI Magnet

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...
China Accelerates Investment in Vietnam

China Accelerates Investment in Vietnam

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,...
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