Starlink enters Vietnam: High costs, niche market
EconomyLicensed in mid-February to provide satellite Internet services in Vietnam, Starlink Services Vietnam Co., Ltd., the Vietnam unit of the U.S.-based Space Exploration Technologies Corporation (SpaceX), is expected to help enhance connectivity in remote and hard-to-reach areas, but its relatively high equipment and subscription costs might position the services as a premium, niche option rather than a mass-market alternative to the country’s affordable fiber-optic broadband.
Vietnam orders airlines to avoid conflict-affected airspace in Middle East
EconomyThe Civil Aviation Authority of Vietnam (CAAV) has directed all airlines operating in the country to avoid conflict-affected airspace in the Middle East and prepare contingency plans after escalating military tensions involving the U.S., Israel, and Iran forced the closure of major airports in Dubai in the United Arab Emirates (UAE) and Doha in Qatar.
Japan’s Fujiya starts Vietnam cookie production, plans exports to 12 markets
EconomyJapanese confectionery maker Fujiya has begun producing its Country Ma’am soft cookies at a factory in southern Vietnam and plans to export the products to 12 markets, including Japan, by the end of June, according to Nikkei Asia.
Thai billionaire’s group eyes $3.8mn acquisition of Vietnam’s Chuong Duong Beverages factory
EconomyA company within Thai billionaire Charoen Sirivadhanabhakdi’s business empire is seeking to acquire a soft drink factory owned by Chuong Duong Beverages JSC for nearly US$3.8 million, as the loss-making Vietnamese firm moves to ease mounting financial strain after five consecutive years in the red.
U.S. temporary 10% tariff policy sparks fresh optimism among Vietnamese exporters
EconomyVietnamese exporters are cautiously optimistic after the United States introduced a temporary universal tariff of 10 percent on imports for a 150-day period, believing the move could open up new opportunities to secure orders from one of Vietnam’s most important export markets.
Markets cautious over Trump’s tariff 'Plan B'
EconomyThe U.S. administration’s 10% tariff, introduced after the Supreme Court ruling, offers temporary relief but keeps global markets and exporters on alert for tougher trade measures.
Vietnamese brave rain to buy gold on God of Wealth Day
EconomyVietnamese buyers lined up in the rain in Hanoi and Ho Chi Minh City early on Thursday to purchase gold for luck on the annual God of Wealth Day, one of the busiest trading days of the year for gold retailers.
Bill Gates foundation trust increases stake in Vietnamese jeweler PNJ
EconomyBill & Melinda Gates Foundation Trust bought additional shares in Vietnamese jeweler Phu Nhuan Jewelry JSC (PNJ), raising its stake in the company, according to a company disclosure.
Vietnamese line up in rain to buy gold ahead of God of Wealth Day
EconomyMany people lined up in the rain from before dawn in Hanoi on Wednesday to buy gold ahead of the annual God of Wealth Day, a peak period for gold purchases in Vietnam.
Property developer Masterise proposes Saigon River road, LRT projects in Ho Chi Minh City
EconomyMasterise Group, a Vietnamese real estate developer, has proposed building a more-than-78-kilometer road along the Saigon River and a 48.7-kilometer light rail transit (LRT) line under the city’s long-term transport master plan.
