News

15 Jun
VIETNAM AUTOMOTIVE INDUSTRY AT THE TIPPING POINT

Overview

Vietnam’s automotive industry takes on the challenge of domestic production

The size of Vietnam automobile market was once considered relatively small and overlooked by many Japanese manufacturers. There existed a strong opinion that the liberalization of trade among ASEAN countries would make the automotive industry become unnecessary in Vietnam. However, the demand for automobile in Vietnam has recently been on the rise. Could it be a potential driving factor for the growth of a manufacturing base?

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10 Jun
A survey on Vietnamese’perception towards COVID-19 outbreak

Overview

/4th wave of the outbreak (05/2021)

Since the first COVID-19 infected case was confirmed in January 2020, Vietnam is now at the 4th wave of COVID-19 outbreak as the whole world is fighting against the unprecedented pandemic. Throughout the first year of the outbreak, Vietnam was recognized as one of the few countries in the world that witnessed positive economic growth, eventhough it was much smaller than normal higher growth rate that Vietnam had been possessing before 2020.

However, as the world is half-way into the second year of this so-called “new normal”, many heavily affected countries have managed to implement a fast and wide vaccination program in hope to achieve herd immunity and bring back the “old normal” of free movement as soon as possible. Meanwhile, Vietnam is somehow struggling with its 4th wave of the pandemic with rapid increase in the number of community-spread infected cases. Whether or not the newly developed types of vaccine would show effective result any time soon, and whether or not Vietnam would be able to handle this harsh wave as effectively as it did in the past without hurting the economic activities, it is still a question left without concrete answer at this point of a historic time.

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15 May
Vending machine market has begun to move

Overview

In Vietnam some major local governments like Hanoi, HCMC, and Danang have been expanding the networks of automatic vending machines for the recent 5 years. Originally, the spread of vending machines had been delayed in Vietnam . It is said that the first installment of an automatic vending machine is in September 2016. The purpose to set it up was mainly for overseas tourists who had to pay too much money to the local vendors, not for more convenience for the people. As for the locations of automatic vending machines, it has been mainly in industrial parks where security measures and maintenance systems are easier than on-street installations and in residential areas developed by major real estate developers, therefore there are less opportunity to be recognized in daily life. By 2018, the number of automatic vending machines installed in Hanoi was about 160, which were treated as a test operation.

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14 May
Vietnam: legal framework transformation favouring foreign investors

Overview

The Covid-19 outbreak since the end of 2019 has caused far-reaching impacts on all sectors around the world including severe economic crisis. Southeast Asia is no exception. Myanmar is facing a dual crisis because of Covid-19 and political instability. Thailand’s post-Covid economic recovery plan may continue to be delayed in the event of the 3rd Covid-19 outbreak.

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01 Apr
Out of office (Vietnam Liberation Day 30/4 and International Labour Day 1/5)

Dear our valued customers, in celebration of Vietnam Liberation Day 30/4 and International Labour Day 1/5, all our company offices will be closed from 30th April 2021 to 03rd May 2021.

We will reopen on Tuesday, 04th May 2021 as usual.

We appreciate your support and cooperation.

Thank you

B&Company Inc.

===============================================

For futher inquiries, please kindly contact us via:

info@b-company.jp

+84-912-321-180

15 Mar
vietnam food processing industry
Food Processing – A Promising Sector for FDI Inflows to Vietnam in 2021

Overview

Food processing is one of the sectors that Vietnam is prioritizing to develop by 2025, with a vision to 2035. The food processing industry in Vietnam has grown steadily over the past few years. In the period 2013-2017, the Index of Industrial Production (IIP) of the food processing industry increased by an average of 6.82% annually (VGP, 2018). Despite the impacts of the COVID-19 pandemic, the 2020-IIP of the industry still increased by 5.3% compared with 2019 (GSO, 2020), as well as the quality of the products and number of companies.

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15 Feb
vietnam dairy product industry market
Dairy Industry of Vietnam 2021: Chances for foreign players

Overview

Not until 1920 when the French brought foreign dairy cows to Vietnam that the local people here got to know about cow milk. In 1924, Longevity & Dutch Lady products were first traded in Saigon (later renamed Ho Chi Minh City) and became the first player in the longtime dairy industry. Since then, the Vietnam dairy industry has developed dramatically. According to Euromonitor, the total size of Vietnam’s dairy market in 2019 has reached over USD 5.2 billion and a report from Vietnam Dairy Association also pointed out that the dairy market’s revenue already reached USD 4.7 billion in 2018, an increase of 9% compared to 2017, and made the CAGR of 12.7% over the period of 2010-2018.

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01 Jan
Out of office (TET Holiday)

Dear our valued customers, in celebration of Vietnam’s TET – Lunar New Year, all our company offices will be closed from 10th February 2021 to 16th February 2021.

We will reopen on Wednesday, 17th February 2021 as usual.

We appreciate your support and cooperation.

Thank you

B&Company Inc.

===============================================

For futher inquiries, please kindly contact us via:

info@b-company.jp

+84-912-321-180

15 Dec
On the cusp of a Healthy Drink Boom in Vietnam

Rising Trend of Healthy Drinks among Vietnamese Consumers

Health has been the top concern for Vietnamese consumers based on research by Nielsen from Q3-2019 to Q1-2020. As to lead a healthy lifestyle, it seems that many consumers are interested in healthy drinks. When searching for the keyword “healthy drinks” or “healthy juice recipe” on Facebook, Vietnam’s most popular social media channel, the results display a lot of fan pages, groups, and posts with many engagements. Take a fanpage called “Juicing, Healthy Drinks and Yoga Lovers” as an example, this fanpage attracts more than 37.1 thousand members and has a high posting frequency with about 100 interactions per post. Another group called “1001 Công Thức Nước Ép” (1001 Juice Recipe) has 55.2 thousand members and engagement per post is above 100.

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15 Nov
Smart Home Trend to Be a New Breeze in Vietnam

Recent developments surrounding Industry 4.0 and Internet of Things (IoT) have found traction and interest in the smart home market in Vietnam. The dramatically accelerating pace of technological innovation has resulted in the rising trend of owning a smart home in many developed countries around the world. With its two largest metropolises among top 10 fastest growing cities in terms of economic and real estate development (as listed in the City Momentum Index 2020 by Jones Lang Lasalle – JLL), Vietnam’s smart home market, though still in its infancy, possesses promising investment opportunities thanks to the rapid urbanization and the boom of megacities in the country. 

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