Vietnam's new leader To Lam, a former police officer, was appointed Communist Party general secretary in August. 
Your Week in Asia

Japan-India 2+2, Thai GDP, Vietnam leader in China

Your weekly lineup of Asia's biggest business and political events

18 August 2024
Amid surging labor demand in an AI boom, Vietnam aims to train at least 50,000 chip engineers and designers by 2030 as industry giants look to offset severe staff shortages in their home markets. (Illustration by Yoshiko Kawano)
The Big Story

Vietnam turns chip sector magnet with affordable, quality talent pool

US, Taiwan, South Korean players beat path to Vietnam though boom strains resources

14 August 2024
John Lee, center, in Ho Chi Minh City. He is the first Hong Kong chief executive to visit Vietnam, Cambodia and Laos. (Photo by Lien Hoang)
Trade

Hong Kong has ASEAN backing to join RCEP trade pact: John Lee

City goes on charm offensive after COVID-19, security law dent reputation

6 August 2024
GDP for the ASEAN six is expected to increase by an average of 5.1% annually until 2034, outpacing China's projected growth of 3.5% to 4.5%. (Source photos by Ken Kobayashi and Reuters)
Economy

Southeast Asia to outpace China's GDP growth and foreign investment: report

Think tank projects 5.1% average growth next decade in six key economies

1 August 2024
With To Lam, center, assuming interim leadership of the Vietnamese Communist Party after the death of Nguyen Phu Trong, right, observers wonder whether the former security chief may be more influenced by China than the U.S. (Nikkei montage/Source photos by AFP/Jiji, EPA/Jiji and AP) 
Asia Insight

Vietnam veers into unknown as career cop makes Communist Party power play

Death of party chief Trong brings fears of tilt toward China-style leadership

30 July 2024
To Lam's rise to lead the Communist Party of Vietnam follows a 20-month period of political turmoil.
Opinion

Why To Lam's pragmatic authoritarianism will be good for Vietnam

Nguyen Phu Trong had been the last of a dying breed of Marxist ideologues

22 July 2024
Vietnam's Bamboo Airways Chairman Trinh Van Quyet applauds near an Airbus A321 aircraft at a ceremony at Noi Bai airport in Hanoi on Jan. 16, 2019. 
Crime

Vietnam $28m stock pump-and-dump trial opens

FLC property and airline founder accused of 'sky-high' price manipulation

22 July 2024
Staff from housekeeping services provider Bears. While a severe labor shortage in Japan means many companies are keen to hire from overseas, comparatively low wages and the historically weak yen are blunting the country's appeal. (Photos by Yuji Murakami and Ryosuke Matsui)
Asia Insight

Japan's new enemy in fight to lure immigrant workers: The tumbling yen

Visa rules eased, but currency weakness tarnishes Japan's appeal for overseas hires

16 July 2024
Vietnam's Prime Minister Pham Minh Chinh prepares to enter a bilateral room at the Great Hall of the People in Beijing on June 26, 2024. 
Economy

Vietnam targeting Q3 GDP growth of 6.5%-7.0%, PM says

Stick to its target of keeping inflation below 4.5% this year

6 July 2024
A garment factory in Hanoi. The minimum wage in the capital has increased about 80% over the past decade. (Photo by Atsushi Tomiyama)
Economy

ASEAN wage hikes worry industries benefiting from supply chain shift

Vietnam implements 6% nationwide raise; Thailand plans 'unrealistic' 14% increase

2 July 2024
Shaky power supplies are one of the risks for foreign manufacturers.
Economy

Vietnam GDP grew 6.93% in Q2 with risks to recovery 'high'

Growth exceeds expectations in supply chain hub, puts Vietnam on track for 2024 target

29 June 2024
A Bangkok port: ASEAN has a new No. 1 export market now that the U.S. is increasing its procurement of electronic parts from the bloc and China's economy is stagnating.
Trade

U.S. tops China as ASEAN's largest export destination

Positions flip-flop for 1st time in 6 quarters, following supply chain shift

13 June 2024
A general photo of street in New Delhi. India is set to remain the world's fastest growing large economy. (Photo by Suzu Takahashi)
Economy

India to remain fastest growing big economy in 2024, World Bank says

Global expansion to hold steady at 2.6%; U.S. presidential election a risk for Asia

11 June 2024
A panel led by Philippine President Ferdinand Marcos Jr. on June 4 announced a plan to slash the tariff on imported rice. 
Agriculture

Philippine rice tariff cut will benefit Vietnam, not farmers, experts say

World's top rice importer moves to contain inflation with 'double-edged sword'

4 June 2024
Vietnamese Prime Minister Pham Minh Chinh may have been hasty in unveiling the country's 2050 net-zero carbon target. (Nikkei montage/source photos by Reuters)
Comment

Will Vietnam face another power crisis this year?

A 'fallacy of composition' risks repeating last year's debacle

25 May 2024
Vietnam Deputy Prime Minister Le Minh Khai speaks at the Future of Asia forum in Tokyo on May 23. (Photo by Mizuho Miyazaki)
The Future of Asia 2024

Vietnam working to avoid power shortage 'bottleneck' this year: deputy PM

New grid infrastructure to be completed in June, Le Minh Khai says

23 May 2024
At the Communist Party National Congress in Hanoi in early 2021: General Secretary Nguyen Phu Trong, front row, right; and three ousted senior officials -- former President Nguyen Xuan Phuc, front row, left; former Deputy Prime Minister Pham Binh Minh, back row, left; ex-Politburo member Truong Thi Mai, back row, right.
Politics

Vietnam rocked by political upheaval: 5 things to know

Security Minister To Lam elected president, nation's No. 2 political post

22 May 2024
The same province that attracts tourists from around the world to Halong Bay is beginning to attract big manufacturers to its relatively cheap industrial parks.
Business trends

Vietnam's tourism hot spot becomes foreign investment hub

U.S.-China conflict and new infrastructure give rise to northern Quang Ninh province

28 April 2024
General Secretary Nguyen Phu Trong has embarked on a campaign to eradicate corruption.
Politics

Vietnam's top ousters leave Hanoi rudderless on economy

'Four Pillars' of government reduced to two in anti-corruption drive

28 April 2024
People gather at a restaurant in Hanoi: Euromonitor estimated deliveries at 8% of Asia's food service market in 2018, rising to 21% in 2023. 
Food & Beverage

Southeast Asia restaurants lose out as COVID delivery habit persists

Apps like Grab, Shopee gain users who no longer eat out, data shows

19 April 2024
Kim Hyong-mo, the representative in Vietnam of the Korea Chamber of Commerce and Industry, speaks during an interview in Hanoi. (Photo by Yuji Nitta)
Business trends

South Korean firms in Vietnam face growing competition from China

Chamber of Commerce says minimum corporate tax rule also affects businesses

4 April 2024
Downtown Ho Chi Minh City. It is unclear how Vietnamese banks will thread the needle between official pressure to increase lending and pressure to stay clean and under control.
Finance

Banks in a bind as Vietnam PM bemoans fall in lending

Lenders told to boost economy but fear risks amid massive SCB fraud trial

3 April 2024
Containers at a port in Hai Phong, Vietnam. The trade-reliant economy is known as a manufacturing hub for apparel and electronics.
Economy

Vietnam's GDP growth slowed to 5.66% in Q1 on weak phone, car output

Side effects of government's crackdown on corruption also hit businesses

29 March 2024
Companies from the Netherlands display goods in Ho Chi Minh City. Vietnam has drawn on Dutch experience developing dikes and high-yield crops on limited land. (Photo by Lien Hoang)
Trade

From airports to green farms, Vietnamese and Dutch companies sign 18 deals

Both nations have strategic sea locations and are exposed to climate shocks

23 March 2024