As Thailand approaches 2025, its economic landscape is poised for continued growth, albeit at a moderated pace due to global economic pressures and domestic challenges. Analyses from institutions like the Kasikorn Research Center highlight several factors that may influence business growth in the coming year. Economic Outlook and Influencing Factors Private consumption is projected to […]
Vietnamese Enterprises Expand Footprint in Saudi Arabia
In a significant development, Vietnamese businesses are increasingly turning their attention to Saudi Arabia, aligning their strengths with the Middle Eastern nation’s market demands. Vietnamese Ambassador to Saudi Arabia, Đặng Xuân Dũng, highlighted that trade and investment have become pivotal in the bilateral relations between the two countries. Trade Relations and Economic Indicators Saudi Arabia […]
Vietnam’s Investment Support Fund: A Strategic Response to Global Tax Challenges
Vietnam has unveiled its Investment Support Fund (ISF) as a strategic initiative to maintain its competitive edge in attracting multinational corporations (MNCs) amid the implementation of the Global Minimum Tax (GMT) framework. This calculated move is set to bolster Vietnam’s appeal to foreign investors, particularly high-tech enterprises, ensuring its sustained prominence in the global investment […]
Thailand’s $10.5 Billion Semiconductor Bet: A Step Toward Global Tech Supremacy
Bangkok, December 11, 2024 – In an era where semiconductor technologies dictate the fate of industries and nations, Thailand has taken a decisive step to secure its place in the global supply chain. The Board of Investment (BOI) has approved a groundbreaking investment of 10.5 billion baht (approximately $290 million) by a subsidiary of Foxsemicon […]
The Ministry of Finance’s Strategic Move to Strengthen Control Over Thai Airways
In a decisive effort to consolidate power and secure a significant financial return, Thailand’s Ministry of Finance has earmarked 20 billion baht for the acquisition of additional shares in Thai Airways International. This move will elevate the Ministry’s stake in the national carrier from 30% to 40%, maintaining its status as the largest shareholder in […]
The Prince of Branding—A Guide to Marketing Dominance
In the tumultuous world of modern business, where competitors swarm like wolves and consumers are as fickle as the tides, branding has become the ultimate tool of power. A weak brand is a kingdom with crumbling walls, vulnerable to the invasions of stronger forces. A strong brand, however, is an impenetrable fortress—a bastion of influence […]
Financial Security and Wellness in Vietnam
Vietnamese consumers are becoming more financially secure and wellness-focused, demonstrating progressive shifts in spending and saving habits. This report examines the trends shaping Vietnam’s financial landscape, consumer behavior, and the banking sector’s response. Key Trends Among Vietnamese ConsumersSavings and Investments Approximately 60% of Vietnamese consumers have emergency savings covering at least three months of expenses, […]
UNIQLO Achieves Milestone: 60% Local Production in Vietnam After Five Years
UNIQLO Vietnam celebrated its fifth anniversary by announcing that over 60% of its products are now locally manufactured, showcasing a commitment to strengthening Vietnam’s textile industry. These goods, produced by skilled Vietnamese hands, cater to both domestic and global markets, reflecting the country’s growing role in sustainable fashion production. The milestone coincides with UNIQLO’s dedication […]
CP Group’s Commanding Revenue in Vietnam Signals Strategic Brilliance
Hanoi, Vietnam – Thai conglomerate Charoen Pokphand Group (CP Group) has announced an astounding $2.7 billion in revenue from its operations in Vietnam for the first nine months of this year. This achievement highlights the company’s strategic prowess and deep understanding of the Vietnamese market, making it a formidable force in Southeast Asia’s agricultural and […]
Vincom Retail: Steering Vietnam’s Retail Renaissance
HANOI, VIETNAM—Vincom Retail, a subsidiary of Vingroup, has emerged as a transformative force in Vietnam’s retail sector. Over the past two decades, the company has strategically expanded its presence, diversified its retail formats, and embraced innovation to cater to the evolving preferences of Vietnamese consumers. Strategic Expansion and Diversification Since the launch of Vincom Center […]