Vanguard Business Information LLC

06/06/2026

❓ You search for a Vietnamese company. It's clearly operating. But the financial data - gone.
This is not an exception. This is the reality for thousands of businesses operating across Vietnam.
They are not hiding the numbers. The reporting system simply works in a way most outsiders never see.
Here is why:
→ A parent company holds a controlling stake in the subsidiary
→ Accounting standards require the subsidiary's results to be consolidated upward
→ The subsidiary's standalone financials disappear into the parent's consolidated report
→ The subsidiary keeps operating normally - but the financial trail is no longer where you are looking
The TTC AgriS ecosystem is the clearest example.
At the top sits TTC AgriS (Stock Symbol: SBT), one of Vietnam's largest agricultural corporations listed on HOSE. Beneath it is AgriS Agriculture Development JSC (Tax Code: 3901183393), connected further to AgriS Gia Lai Agricultural JSC (Tax Code: 5900421955).
Search each one separately - nothing shows up. Look at the full picture - everything becomes clear.
For investors, lenders, and international partners, the lesson is straightforward.
A basic company search only shows you the surface. The factors that actually determine risk - ownership structure, internal transactions, the real source of financing - are sitting somewhere else entirely.
The businesses that understand this are never caught off guard.
👉 VNBIS covers nearly 1 million Vietnamese companies - with ownership structures, financial data, and corporate relationships built for serious due diligence. Visit vnbis.com to explore.
📖 Full analysis here: https://vnbis.com/news/why-tracing-corporate-ownership-in-vietnam-is-more-difficult-than-it-appears-404/

06/03/2026

🇻🇳🍵 Top 15 Vietnamese Tea Exporters by Revenue, First 4 Months of 2026

In the first 4 months of 2026, Vietnam exported 34,349 tonnes of tea, generating 58.54 million USD in revenue. Volume declined 3.75% year-on-year, while value rose 1.2%. Behind that gap lies a market structure undergoing profound transformation.

→ Taiwan rose to become Vietnam's largest tea export market: 3,810 tonnes, 6.98M USD, up 15.38% in volume and 27.59% in value compared to the same period in 2025

→ Pakistan, which once accounted for 28.7% of total export volume in the first 4 months of 2025, collapsed to just 8.57% market share, down 71.28% in volume, as a domestic foreign currency crisis prevented Pakistani importers from opening letters of credit

→ European niche markets posted sharp gains: Germany surged 206.81% in export value, Poland rose 175.93%, signaling growing demand for certified organic and premium-grade Vietnamese tea

→ Full-year 2026 export revenue is forecast at 240–245M USD, supported by rising global tea prices as El Niño-related disruptions continue to reduce yields in Kenya, India, and Sri Lanka
According to VITIC, Vietnamese enterprises are steadily reducing the proportion of raw tea exports and shifting focus toward deeply processed tea and organic tea with higher added value.(VITIC Commercial Information Bulletin No. 22, June 1, 2026)

Data tells you who is leading. Due diligence tells you whether to work with them.

👉 For financial intelligence on Vietnam's business and economic landscape, visit vnbis.com

06/01/2026

🇻🇳Vietnam Has Overtaken Thailand in PPP GDP. Here's What That Actually Means.

👉$1.885 trillion versus $1.881 trillion. That is the purchasing power parity (PPP) GDP of Vietnam and Thailand in 2025, based on the latest estimates from the General Statistics Office and the IMF.

A $4 billion gap, in Vietnam's favor. A small number in absolute terms, but this marks the first time Vietnam has surpassed Thailand in economic potential.

According to the General Statistics Office and the IMF, Vietnam overtook Thailand in PPP GDP in 2025. Some forecasts suggest nominal GDP could be the next milestone, potentially within the 2026-2027 window.

Three numbers that explain this reversal:

→ 🚀 8.02% — Vietnam's GDP growth in 2025
→ 📉 approximately 1.8%-2.4% — Thailand's significantly lower growth rate, depending on the source
→ 🗓️ 2026-2027 — the window in which analyses from Nikkei Asia, Bangkok Bank and CEBR forecast Vietnam could surpass Thailand in nominal GDP as well

Behind the 8.02% figure lies a growth structure fundamentally different from Thailand's.

→ 🚢 Exports reached $475 billion
→ 💰 Disbursed FDI hit a five-year high of $27.62 billion
→ 🏦 Public debt remains stable at approximately 33% of GDP, well below Thailand's estimated 65%

For international investors, the message is clear: Vietnam is no longer the emerging story. Vietnam is the growth engine of the region.

👉For in-depth intelligence on Vietnam's business and economic landscape, visit vnbis.com

05/28/2026

🇻🇳🤝🇮🇳 Vietnam & India Upgrade to "Enhanced Comprehensive Strategic Partnership"- $25 Billion Trade Target by 2030

Bilateral trade reached $16.46 billion in 2025, up 10.5% year-on-year, accelerating to $4.8 billion in Q1 2026 alone (a 28% jump). This is not a diplomatic formality - it is a strategic repositioning that directly reshapes investment flows across Southeast Asia.

🗓️ On May 6, 2026, General Secretary and President To Lam and Prime Minister Narendra Modi officially upgraded the 2016 Comprehensive Strategic Partnership to an "Enhanced Comprehensive Strategic Partnership," marking exactly 10 years since the original framework was established.

→ 13 cooperation documents signed, covering digital technologies, pharmaceutical regulation, digital payments, QR-code payment linkages, rare earth cooperation, education, culture, tourism, audit cooperation, and city-level cooperation (Ho Chi Minh City – Mumbai)

→ $25B bilateral trade target by 2030, structured around balance and sustainability

→ Defence, maritime security, AI, critical minerals, and high-tech supply chains separately reaffirmed as strategic pillars in the Joint Statement

→ Vietnam joins the Indo-Pacific Oceans Initiative (IPOI)

→ Vingroup signed an MoU with the Maharashtra government to explore up to $6.5B in investments across EVs, smart cities, renewable energy, and public infrastructure

🌏 India identified Vietnam as "a key pillar in its Act East Policy and Indo-Pacific Vision." Vietnam reaffirmed defence and maritime security cooperation as an irreplaceable pillar of the bilateral relationship.

Over 10 years since the 2016 framework, bilateral trade has more than doubled. This enhanced partnership sets the conditions to double it again by 2030.

India is becoming a strategic supply chain partner for Vietnamese businesses. From pharmaceuticals, rare earths to digital payments, these agreements will translate into concrete commercial opportunities throughout 2026–2030.

👉 Visit vnbis.com for in-depth intelligence on Vietnamese companies and market data supporting your Vietnam–India cross-border strategy.

05/27/2026

Vietnam Just Hit Top 3 in Asia's Manufacturing Race 🇻🇳 | AMI 2026

05/26/2026

🏭🇻🇳 Vietnam holds firm in the Top 3 manufacturing hubs in Asia - according to the Asia Manufacturing Index 2026.

11 economies. 8 pillars. 43 parameters. The result: China #1 · Malaysia #2 · Vietnam #3.

→ GDP grew 8.02% in 2025, with per capita income reaching $5,026

→ Registered FDI in Q1/2026 hit $15.2 billion- up 42.9%; disbursed FDI reached $5.41 billion, the highest Q1 figure in five years

→ A network of 17 FTAs covering nearly 70 economies - among the broadest in the region

→ Electronics exports in the first 4 months of 2026 reached $43.6 billion - the country's top export category

⚠️ Vietnam previously held the #2 spot in AMI 2025. Malaysia's rise is not a sign of Vietnam slipping - the report states that Vietnam's fundamentals "remain strong." This is a signal of accelerating regional competition, not a step backward.

👉The China+1 wave is no longer just a trend. It is a full-scale restructuring of global supply chains - and Vietnam is at the center of it.

👉 Access financial profiles and risk data on nearly 1 million Vietnamese companies at vnbis.com

05/23/2026

🇻🇳👗 Top 10 garment exporters: Who is leading Vietnam's textile & garment exports in 2026?

Q1/2026 results are in - and the rankings tell a clear story.
→ #1 Gain Lucky Vietnam - $166.33M (FDI)
→ #2 May Tinh Loi - $163.14M (FDI)
→ #3 Regina Miracle International Vietnam - $160.94M (FDI)
→ #4 Worldon Vietnam - $134.46M (FDI)
→ #5 Viet Tien Garment Corporation - $120.24M ⭐ Only domestic company in top 5

🗣️ "4 out of 5 leading exporters are FDI-backed. Viet Tien remains the sole Vietnamese-owned company holding a top-5 position, competing directly with international manufacturers."

Garment exports grew just 1.43% in the first 4 months of 2026 - the weakest pace in 5 years. Japan fell 6.4% and South Korea dropped 9.53% as both currencies weakened sharply against the USD, making Vietnamese goods more expensive for local buyers. On top of that, global fashion brands have shifted to smaller, short-term orders to test the market rather than committing to large forward contracts.

⚠️ Competitive pressure is coming from multiple directions. Bangladesh and Cambodia are winning orders on lower processing costs. Meanwhile, cotton, synthetic fiber, and freight rates remain elevated due to Hormuz route disruptions — squeezing margins from both ends.

💼 EU exports surged 11.37%, Indonesia jumped 29.27%, the US held at +2.98% — the opportunity is still real. Companies that leverage EVFTA tariff advantages and lock in strong H2 order books will move up the rankings by year-end.

👉 For in-depth intelligence on Vietnam's garment sector and business landscape, visit vnbis.com - trusted data on nearly 1 million Vietnamese companies.

05/22/2026

Which bank is making the most money in Vietnam right now?

05/21/2026

Please read this article to understand the truth behind Vietnam Rubber Group (GVR), a conglomerate that has forgotten how to grow rubber.

Behind the beautiful numbers, abundant cash, and soaring liquidity ratios lies an entire system built on figures rather than products. Perhaps everyone already knows this. But the market always collects its debt, and when that moment comes, no exit will be fast enough.

Vietnam Rubber Group; GVR Financial Data; Stocks in Vietnam; and State-owned enterprise; Private Financial and company checks; Business Intelligence.

05/20/2026

🇻🇳 Vietnam targets 10% GDP growth while its three core export sectors are selling more but earning less.

In early 2026, Prime Minister Pham Minh Chinh announced a GDP growth target of at least 10%, marking what he called “the first year of a new era of prosperity.”

📉 The data tells a different story.

→ 🌾 Rice: 3.37 million tons exported, volume down just 1.4% but export value dropped 10.3% to $1.58 billion. Average price fell 8.6%, from ~$514 to ~$470 per ton. India’s return to the market pulled the FAO rice price index down nearly 20%.

→ ☕ Coffee: Volume up 11.7% but export value down 9.8%, reaching only $3.58 billion. April 2026 export price stood at $4,332/ton, down 24.83% year-on-year. Brazil’s 2026–2027 harvest is forecast to hit a record 75.9 million bags, per Marex Group Plc.

→ 🧵 Textiles: $11.93 billion, up just 1.43%, the lowest growth in 5 years. Japan down 6.4%, South Korea down 9.53%. US inflation at 3.8% in April 2026 is pushing consumers to cut back on non-essential fashion spending.

🌐 World Bank forecasts 6.5%, IMF 7.1%, UOB Singapore 7.0%. All fall far short of the Government’s 10% target.

One bright spot: FTSE Russell confirmed Vietnam’s upgrade to Secondary Emerging Market status effective 21 September 2026, expected to attract $6 billion in passive fund inflows. But international experience shows this capital needs 12–24 months to flow into the real economy.
Real growth comes from value creation, not policy targets.

⚠️ When three strategic export sectors all sell more but earn less, that is a signal for deep structural reform, not a revision of the headline number.

👉 Full analysis: https://vnbis.com/news/vietnams-10-growth-target-a-plan-or-a-wish-397/
👉 Follow Vietnam economic analysis and business data at vnbis.com