VIETNAM

Vietnam’s Youthful Labour Force in Need of Production Services

06 April 2017

Vietnam’s processing production sector has prospered on the back of its markedly young labour force. But a shortage of skilled workers, production engineers and precision tool makers, etc., has started to restrict further industrial development. Hong Kong is home to a number of experienced industrial players. Its experienced companies are in an excellent position to tap into Vietnam’s growing need for a variety of production services. More

hktdc research

Vietnam Utilises Preferential Zones as a Means of Offsetting Investment Costs

27 March 2017

Vietnam has introduced a number of incentives like tax holiday to encourage investment within its industrial zones. But its administration may still lack experience when it comes to handling the complex businesses, and it is not unusual for enterprises to encounter red tapes in the course of their business. Companies should undertake a comprehensive assessment of the costs and benefits of any prospective investment in Vietnam before making any firm commitment. More

hktdc research

Vietnam’s Supply-chain Opportunities Spurred by Foreign Investment

23 March 2017

Vietnam has number of favourable attributes, including a youthful labour force and relatively low production costs. FDI in Vietnam is not just geared towards the production of labour-intensive goods, but also more sophisticated products like IT equipment and other electronic items. But such production is largely processing activities by nature. As Vietnam still lacks supporting industries, expansion in processing production has elicited vast demand for a variety of production inputs. More

hktdc research

Vietnam’s Emerging Merchandise and Services Trade Opportunities

16 March 2017

The remarkable performance of Vietnam’s economy has interested investors looking for new opportunities in Asia, given its labour, production cost and tax advantages. A substantial portion of the investment actually targets the export-processing opportunities in the country. This has stimulated the demand for various producer and professional services. Improved income has likewise facilitated consumer spending. All these factors have made Vietnam a lucrative market among emerging Asian countries. More

hktdc research

Vietnam Eliminates the Requirement on Textiles for Azo Dyes and Formaldehyde

18 November 2016

On 12 October 2016, the Vietnam Ministry of Industry and Trade issued Circular No. 23/2016/TT-BCT which announced the revocation of Circular No. 37/2015/TT-BCT, effective 26 November 2016. Therefore, textile products sold in the local Vietnamese market shall no longer be subject to the content limits and testing procedures for formaldehyde as well as the inspection requirements. More

hktdc research

Modern Consumerism in ASEAN: An Ever Evolving Retail Landscape

21 September 2016

Retail sales in major ASEAN countries are expected to rise along with rapid economic growth. Brick-and-mortar shops will remain the dominant distribution channel in ASEAN countries. However e-commerce has huge growth potential as this form of business is especially suitable for ASEAN island countries. More

market spotlight

Dialing up Mid-market Competition

02 June 2016

Vietnam’s smartphone market is booming, with big-brand, high- performance phones taking the lion's share. More

inside china

Guangxi’s Blossoming Border Trade

08 April 2016

A State Council report last January outlined official support for the development of a number of key border regions, including several pilot zones for development and opening up, national-level border ports, border cities, border economic cooperation zones, and cross-border economic cooperation zones. More

hktdc research

The Trans-Pacific Partnership Revisited

29 March 2016

The Trans-Pacific Partnership (TPP) agreement, which was formally signed by its 12 signatories in February 2016, is expected to enter into force in 2018. While TPP should bring huge economic benefits to its members, outsiders will likely be disadvantaged. Nonetheless, Hong Kong, as a regional service hub, should thrive on the additional business and investment activities stemming from TPP. More

hktdc research

EU Court’s Advocate General Opines that Anti-dumping Duties on Footwear Paid by Puma and Clark are Invalid

16 October 2015

In an opinion issued on 17 September 2015, Advocate General Bot advised the EU’s highest Court to confirm the invalidity of the Regulation imposing anti-dumping duties on imports of certain footwear from mainland China and Vietnam. This opinion was delivered in two cases brought to the Court by Clark and Puma. More

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