Moody's predicts gradual decrease in inflation in Asia-Pacific, with Vietnam to peak in Q1 2023

Moody's, a global credit rating agency, has forecasted a gradual decrease in inflation in the Asia-Pacific region, including Vietnam.


Foxconn Secures New Production Site in Vietnam Amid Shift Away from China

Foxconn Technology Group, Apple's largest contractor, has secured a new production site in Vietnam as the company continues to diversify its supply chain away from mainland China, SCMP reported.


China remains Vietnam's only trading partner with over $10 billion in import-export turnover in January 2023

China has remained Vietnam's sole trading partner with an import-export turnover of over $10 billion in January 2023, according to statistics from the General Department of Vietnam Customs.

  • Vietnam emerges as a new manufacturing hub

    Vietnam is being recognized by overseas "key figures" due to its strategic position and transportation, cheap manufacturing costs, plentiful and dynamic people resources, and open investment regulations, according to Sputnik.