“We expect exports to contract sharply, given the fall in demand in Viet Nam's key export markets, including the US and China, although the latter has begun to recover; about 23 per cent of total exports were to the US at end-2019, while about 16 per cent were to China. Weak export demand will affect foreign direct investment (FDI) inflows into the manufacturing sector.” … [Read more...] about Fitch revises outlook on Viet Nam to Stable; affirms at ‘BB’
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US mattress company eyes Viet Nam’s enormous potential
LMG is the first in Viet Nam to offer “Reveal by Xsensor”, a machine that measures body pressure to advise the mattress and pillows that best fit each customer, guiding them through the brand and product selection. LMG views the shopping experience as a journey, to help consumers understand the uniqueness of the product brands and what is the right product for their bodies. … [Read more...] about US mattress company eyes Viet Nam’s enormous potential
Viet Nam – attractive destination of US film makers
Many US film makers have shown interest in Viet Nam due to its stable legal and business environment, affirmed Vice President of the Motion Picture Association of America, Gregory Frazier, during his recent visit to Viet Nam. The visit aimed to lay a foundation for a closer tie between the film industries of the two countries, he said, noting that US film makers can cooperate with their Vietnamese partners to produce films or provide technical assistance to help develop the Vietnamese movies industry. … [Read more...] about Viet Nam – attractive destination of US film makers
Supply chains in Viet Nam disrupted by Covid-19
One of the main challenges this shift creates is the ability to transfer goods over long distances, such as between the north and the south, since air and rail transport are constrained, he said. Long-haul trucks have become scarce and the lack of transport capacity generates delays and extra disruptions, he said. … [Read more...] about Supply chains in Viet Nam disrupted by Covid-19
COVID-19 ravages economy of central Viet Nam
Binh Son Refinery and petrochemical company – a major breadwinner for the provincial budget – saw its sales fall 30 to 40 per cent. Textile and wood-chip processing and export companies delayed production as material imports from China ceased. … [Read more...] about COVID-19 ravages economy of central Viet Nam
