Vietnam
Is Tesla Coming to Vietnam? It Just Registered a Company in Ho Chi Minh City
Tesla's new Vietnam company is licensed to import, wholesale and retail cars, but the carmaker has not announced models, prices or a launch date.
Vietnam Economy
Vietnam
Phạm Nhật Vượng Hands Over the CEO Job, but He Is Not Leaving Vingroup
On the same day, Vingroup founder Phạm Nhật Vượng's two sons became CEOs of VinFast and taxi operator GSM. One inherits a carmaker losing more than USD 1 billion a quarter; the other runs a company aiming for a Hong Kong listing in 2028.
Vietnam
Vietnam's Taxi King Posts Its First Loss in Five Years
Vinasun cut its headcount to a tenth of what it was, switched half its fleet to Toyota hybrids, and still posted its first loss since 2021. First Grab, then Xanh SM. Now Ho Chi Minh City gets to decide whether a hybrid counts as green.
Vietnam
Has Vietnam's GDP Overtaken Thailand? Yes, and Not Yet
The same IMF report says Vietnam overtakes Thailand this year on purchasing power but not until 2029 in dollars. The difference is exchange rates, and per capita Vietnam is still at 60% of Thailand.
Vietnam
Vietnam's Home Prices Haven't Fallen. Sales Already Have
Vietnam's housing sales fell by nearly a third in mid-2026 and Hanoi resale apartments dropped for the first time since 2022, but developers would rather raffle a Lamborghini than cut prices.
Vietnam
In Vietnam, Closing a Company Costs 20 Times More Than Opening One
Leave a Vietnamese company idle and the system assumes it is still trading. Penalties pile up year after year, the tax authority is now chasing 290,000 such firms, and owners can be barred from leaving the country.
Vietnam
Vietnam Uses Claude at Half the Expected Rate, and Mostly for Coding
The same dataset puts Taiwan at 2.08x expected usage and Vietnam at 0.53x. The gap is nearly fourfold, and the mix is different too: Vietnamese users lean on Claude for coding and technical reference, while business and investing use is just getting started.
Vietnam
Thailand's KBank Has Lost Money in Vietnam for Five Straight Years
Thailand's second-largest bank walked into Vietnam with a billion-dollar budget. Five years on, its Ho Chi Minh City branch has lost roughly VND1.02 trillion before tax.
Fintech
Grab Burned $1.2 Billion on Digital Banking. Only Indonesia Is Paying Off
Grab's financial services arm has racked up over $1.2 billion in losses since its 2021 IPO, and of its three digital banks only Indonesia's Superbank makes money — while in Vietnam, Grab has exited payments entirely.
Vietnam Economy
WeChat Pay Arrives in Vietnam, Completing China's Big Three
WeChat Pay went live in Vietnam on August 6, the third Chinese payment platform to plug into VietQRGlobal in just over eight months.
Vietnam
Vietnam's First Billion-Dollar IPO of 2026: Điện Máy Xanh Spins Off, and Every Dong Raised Goes Back to Pay Parent's Debt
MWG is spinning off Vietnam's biggest consumer electronics chain, Điện Máy Xanh, at a near-USD 4 billion valuation — but all proceeds repay the parent's short-term debt, and retail investors get a free float of under 15%.
Vietnam
Hanoi's Empty Storefronts: Rents Have Dropped Up to 37% From 2025 Peaks and Still No One Is Renting
More than 30 empty storefronts on one stretch of Hanoi's Kim Mã street. Rents in some wards down 37% from 2025 peaks. And landlords still can't find tenants. The reason is structural, not seasonal.