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 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
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...