Vietnam Emerges as Hub for Luxury Brands

Vietnam Emerges as Hub for Luxury Brands

Distributors of luxury brands in Vietnam, including Louis Vuitton, Chanel, Dior, and Hermes, reported profits of VND 3.8 trillion (USD 156.57 million) in 2022, marking a remarkable 270% increase compared to the previous year. Recent reports also indicate that the...
German Tire Manufacturer to Enhance Production in Vietnam

German Tire Manufacturer to Enhance Production in Vietnam

German tire brand Schwalbe recently announced the decision to centralize all tire and tube manufacturing operations in Vietnam in response to the tense conditions in the bicycle industry. Instead of being able to rely on long-term commitments, orders are now almost...
South Korea to Open Logistics Center in Vietnam, Boosting SMEs

South Korea to Open Logistics Center in Vietnam, Boosting SMEs

The South Korean government recently announced the establishment of a corporate entity in Vietnam, named K-UPA, with the aim of establishing a logistics center in the Southeast Asian nation to support small and medium-sized enterprises (SMEs). The launch of K-UPA is...
Vietnam Joins the Asian Race for Generative AI

Vietnam Joins the Asian Race for Generative AI

Vietnam has entered the race in Asia to develop generative artificial intelligence (AI) programs tailored to local languages and cultures, aiming to reduce reliance on services provided by US tech companies. Vingroup, a Vietnamese conglomerate, garnered significant...
Israel and Vietnam to Collaborate in 3D Printing for Healthcare

Israel and Vietnam to Collaborate in 3D Printing for Healthcare

In January 2024, the 3D Technology in Medicine Center (3D Lab) of VinUniversity, a private university in Vietnam, signed a Memorandum of Understanding (MoU) with CustoMED – Sheba Medical Center, from Israel. This milestone marks a significant advancement in the...