Vietnam Foreign Investment Update: October 2023

This is the first edition of Access Asia Group’s monthly foreign investment bulletin for Vietnam. We aim to provide a monthly recap of pertinent news, updates and insights to share with our clients and other interested readers as the country ushers in a new period of investment and development following the prolonged Covid-19 pandemic. Consistently among the top performing economies in the world, Vietnam is currently seeing a notable increase of investment from multinational companies diversifying their supply chains outside of China, including tech giants Apple, Intel and Samsung. Meanwhile, strong domestic consumption and a resurgence of the tourism and […]

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Vietnam Weekly Update: July 26

After remarkable success in containing the Covid-19 pandemic from January 2020 to April 2021, the situation has turned in Vietnam as the Delta variant surges throughout many parts of the country. The worst hit is the country’s economic hub of Ho Chi Minh City, which will make the overall economic impact of this fourth wave significant. Strict lock-downs are significantly disrupting businesses and supply chains, while the socio-economic security of millions are at a risk level not seen for decades in Vietnam. Yet, the government’s containment policy is clear, strong and decisive (unlike many other countries, particularly in the West): Protecting public health […]

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Vietnam’s LNG-to-Power Transition

On December 14, the United States and Japan issued a joint statement in support of Vietnam’s energy transition through LNG utilization. The statement made it clear that liquified natural gas (LNG) was key to ensuring Vietnam’s energy security, while reducing air pollution and assisting in transitioning to a low-carbon future.

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Shifting Tides for Vietnam Offshore Wind

While energy demand is down globally – by approximately 5% in 2020, according to the International Renewable Energy Agency (IRENA) – renewable energy rollout will continue to grow this year, and nowhere is that more true than in Vietnam, which is undergoing an offshore-wind bonanza.

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