News

01 Aug
Out of office (2nd September)

Please note that all our company offices will be closed on Vietnam’s Independence Day 2nd September 2019.
We will reopen on Tuesday, 3rd September 2019 as usual. We appreciate your support and cooperation.
Thank you
B&Company Inc.,
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01 Jul
Social-economic situation in Hanoi (first 6 months of 2019)

GRDP of Hanoi in the first 6 months of 2019 was estimated at USD 15,280 million (~VND 355,408 billion), rose 7.21% compared with the same period in 2018. Among 3 main economic sectors, “industry & construction” sector ranked first in growth rate (8.38%), “commerce & service” sector came the second place with 6.66%, and “agriculture, forestry and fishing” had lowest growth rate (1.15%).
Industrial production index in the first 6 months of 2019 rose 7.3% compared to the same period last year. In which, the processing industry increased by 7.4%; electricity production & distribution rose 8% and water supply and garbage processing increased by 7.4%. On the other hand, the mining industry faced a huge decrease of 28.6%.
The total export value of the city reached USD 7201 million (~VND 167,495.26 billion) increased by 105.4% compared with the same period last year while the total import value was USD 15,758 million (~VND 366,531.08 billion), up 4.6%.
Investment capital of the city was estimated at USD 6.18 billion (~VND 143.7 trillion), up 12% over the first 6 months of 2018.
Local budget revenue is estimated at USD 6,580 million (~VND 132,134 billion), reaching 50.2% of the expected amount, up 12.8% over the same period of 2018. Meanwhile, local budget spending is roughly calculated at USD 1,454 million (~VND 33,818 billion), increased by 9.1%.
Exchange rate on 16/7/2019 (The State Bank of Vietnam): USD 1 = VND 23,260
Source: Hanoi Statistical Office

01 Jul
Social-economic situation in HCM City(first 6 months of 2019)

In the first 6 months of 2019, GRDP of Ho Chi Minh City reached USD 26,229 million (~VND 610,096 billion), increased 7.61% compared to the same period of 2018. In aforementioned 7.61%, “commerce & service” accounted for 4.79% and those of “industry & construction” and “agriculture, forestry & fisheries” were 1.54% and 0.04% respectively.
Industrial production index increased by 7% compared to the first 6 months of 2018. In particular, electricity production and distribution 8.7%, processing and manufacturing industry increased by 7.0% and water supply & waste treatment increased by 1.1%.
The total export value of city enterprises exported through the city port (including crude oil) in the first 6 months of 2019 was estimated at USD 18,027.6 million (~VND 442,581.976 billion), up 10.1% over the same period last year while the import value was USD 20.460,8 million (~VND 475,918.208 billion), increased 4.2%.
Regarding investment capital, the total amount was recorded at USD 8,578 million (~VND 199,536 billion), increased by 14.8% compared to the same period of 2018.
Meanwhile, local budget spending is roughly calculated at USD 1,017 million (~VND 23,673 billion), increased by 6.7%.
 
Exchange rate on 16/7/2019 (The State Bank of Vietnam): USD 1 = VND 23,260
Source: Ho Chi Minh City Statistical Office

15 Jun
A dynamic cosmetics market in Vietnam

The market is quite potential, fast-growing and less occupied by domestic brands
The Vietnam cosmetic market is ranked 6th in the ASEAN region in terms of revenue according to Statista data. This year its revenue is estimated to amount to 341 mils. USD in the skincare segment and 102 mils. USD in the make-up segment. In the next 5 years, 2019-2023, these 2 segments are expected to grow annually by 2.9% and 6.1% respectively; predicting make-up segment to become the fastest growing in the region.

Read More “A dynamic cosmetics market in Vietnam”

15 May
Positive prospect for investment on solar energy in Vietnam

Ambitious objectives for renewable energy capacity for Vietnam till 2030 
Vietnam electricity demand is forecasted to surge to 572-632 billion kWh by 2030, an increase with CAGR 2021-2030 of around 8% – 8.5%. Even though Vietnam’s power production has been dominated by coal; hydropower and gas for many years, developing renewable energy is an undeniably important strategy for the country in the long-term. Read More “Positive prospect for investment on solar energy in Vietnam”

15 Apr
High growth yet challenging cloud computing market in Vietnam

Bright future for cloud computing
The market for cloud computing in Vietnam is growing fast. According to a report by Microsoft and Singapore National University announced in 2017, among ASEAN countries, Vietnam has the highest rate of increase in expenditure on Cloud with CAGR at 64,4% in the period 2010 – 2016, compared to the average 49% of the ASEAN region.

Read More “High growth yet challenging cloud computing market in Vietnam”

15 Feb
A landscape view on Vietnam e-commerce logistics market

Vietnam e-commerce market size is projected to reach $15 billion by 2025
According to the latest report by Google – Temasek in November 2018, Vietnam e-commerce market size in 2018 is $2.8 billion and is expected to reach $15 billion by 2025; with annual growth rate of 43% in period 2015 – 2025. In SEA region which has about 120 million e-commerce active users, Vietnam is the second fastest growing market, just behind Indonesia.

Read More “A landscape view on Vietnam e-commerce logistics market”

01 Jan
Vietnam Basic Information Update 2018

Last Updated: 25th June 2019


General


Nation Socialist Republic of Vietnam
Capital Hanoi (2017 population 7.66 million)
Independence day September 2nd 1945
Politics One-party state (Communist State)
Army Vietnam’s People Army
Currency Vietnam Dong

Geography


Location Southeast Asia
Provinces 5 municipalities and 58 provinces
Area 331,230.8 km2
Climate Tropical and Monsoon
Time zone GMT+7

Demography


Population (2018 July est) 97.04 million
Density (2017 est) 305 people/km2
Urban population (2017 est) 32.2 million (33.6%)
Average age (2017) 30.8
Languages Vietnamese, English Minorities’ languages
Main language Vietnamese
Ethnicity 54 Ethnic groups (Kinh (Viet) 85.7%)
Life expectancy at birth (2018) 73.9 years old
HDI (2018) 0.694

Economy


GDP (2017) 5,119,892 billion VND (220.4 billion USD)
GDP Per capita (2017) 160.287 million VND (6,900 USD)
GDP annual growth rate (2017) 6.81%
CPI annual growth rate (2017) 3.53%
Unemployment rate (2017) 2.24%
Exchange rate (2018 April) 1 USD=23,350 VND
1JPY=222.61 VND

 
Data Source:General Statistics Office, Vietcombank, Central Intelligence Agency

The information and statements contained herein, including any expression of opinion, are based upon sources believed to be reliable but their accuracy, completeness or correctness is not guaranteed. B&Company Vietnam accepts no liabilities whatsoever for any direct or consequential loss arising from any use of this document or its contents.

 

01 Jan
Vietnam's labour-force women rate over the years (2010-2018)

Vietnam ranked among the world’s top highest female labour-force participation rates ranking. Statistics from ILO shows that, as of 2018, Vietnam ranked 12th in world and 2nd in South East Asia as their proportion of women aged 15 to 64 in the labour force reached over 79%. Along with high female labor-force participation share, the proportion of women in senior managing positions in enterprises operating in Vietnam was also ranked 2nd in Asia at 36% as stated by Grant Thornton in its 2019 Women in business report. These figures reflect the crucial role of Vietnamese women in the society and the shifting of balance of power between them and their male counterparts.

 
Source: ILO, Grant Thornton

01 Jan
Situation of Vietnam tourism industry in 2018

The total revenue of Vietnam tourism industry in 2018 was calculated at USD 26,655 million (~VND 620,000 billion). The growth rate achieved 21.4%, decreased 6.1% in comparison with 2017 (27.5%).
The total quantity of tourists in 2018 also reached 95.4 million, rose 10.8% over 2017 (86.1 million).
In particular, the quantity of foreigner visitors in 2018 was more than 15.4 million, increased by 19.9% comparing to the same period last year. China and Korea are two countries have the most citizens visiting Vietnam with the quantity which are respectively 4.9 million and 3.4 million, even larger than the quantity of Europe (2 million) and America (0.9 million).
Even though the quantity of domestic tourists rose from 73.2 million to 80 million in the 2017-2018 period, the growth rate dropped fairly to 9.3% as the 2017’s rate was 18.1%.

Source: Vietnam National Administration of Tourism
Data consolidated by B&Company Vietnam

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