Business Blogs

Flourishing Electric Vehicles (EVs) Market in Vietnam: Market Dynamics, Major Challenges, and Future Prospects

Electric vehicles in Vietnam are a key part of the country’s commitment to lower its carbon emissions by switching to low-carbon fuel options. Hence, it has built a robust EV ecosystem, which supports customers looking to adopt Vietnam electric cars. The electric vehicle market in Vietnam has been boosted by adequate infrastructure development and policy…

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Vietnam’s Automobile Industry: Growth and Innovation in a Dynamic Market

The automobile industry in Vietnam is witnessing swift growth, with annual expansions reaching 20-30%, surpassing Ministry of Industry and Trade projections. This growth includes both foreign-owned vehicle imports and the emergence of a local car company gaining global recognition. Besides, the country has imported over 100,000 automobiles, primarily vehicles, within the first nine months of…

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Setting Up a Manufacturing Company in Vietnam: Benefits, Industries, Procedure

A manufacturing company worldwide is searching for the next best location to set up operations in light of the US-China trade conflict. However, only a few nations, like Vietnam, have the required human capital and infrastructure to set up manufacturing companies in Asia. India, one of the world’s fastest-growing economies, had been a strong contender….

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