ThaiBev paid $4.8 billion for a real national brand at the top of the cycle, weeks before the Vietnamese beer market stopped growing.
Startup · Topic
Vietnam Company Stories — Page 4
Expert guides, analysis and tool comparisons on Vietnam Company Stories from the kurums.com Startup desk — written for business decision-makers and updated as the market moves.
- 55 guides
- 11 subtopics
- Updated Sep 13, 2026
Vietnam Banking & Finance 5
Vietnam Founders & Conglomerates 5
Vietnam Tourism, Aviation & Hospitality 5
Vietnam Automotive & Mobility 5
Vietnam Telecom, Tech & Startups 5
Vietnam Real Estate & Construction 5
Vietnam Agriculture & Commodities 5
Vietnam Retail & Consumer 5
Vietnam Energy & Utilities 5
Vietnam Electronics & Manufacturing 5
Vietnam FDI, Trade & Global Expansion 5
All guides · page 4
Mobile World: The Phone Retailer That Tried to Sell Groceries
Vietnam’s biggest retailer perfected the phone store, then spent nine years and a small fortune learning that groceries are not phones.
Vinamilk: How a Dairy Company Became Vietnam’s Best-Run State Asset
A state-controlled dairy company with multinational margins, thirty years under one CEO, and foreign shareholders waiting for the state to sell.
Masan Group: Fish Sauce, Supermarkets and the Bet on Every Vietnamese Kitchen
Masan built the brands first, bought the shops second, and is still paying for the logic that connects them.
Offshore Wind and the JETP: The $15 Billion Promise That Has Not Yet Turned a Turbine
World-class wind, $15.5 billion pledged, every major developer at the table, and not a single offshore turbine: the rules were never written.
Petrovietnam: From Offshore Oil to the LNG Import Age
Vietnam’s national oil company ran out of easy oil, lost its chairman to prison, and reinvented itself as the state’s LNG, power and nuclear contractor.
PDP8: Vietnam’s Plan to Double Its Grid Without Coal
Vietnam’s power plan wants to double the grid by 2030 without new coal, and almost every dollar has to come from someone other than the state.
The Solar Rush: How a Feed-in Tariff Built 16 GW in Two Years and Then Stalled
A 9.35-cent tariff turned Vietnam into Southeast Asia’s solar leader in two years; the grid, the inspectors and EVN then took it apart.
EVN: The Monopoly That Keeps the Lights On and Loses Money Doing It
Vietnam’s state utility buys every kilowatt-hour, sets nothing, and lost nearly $2 billion in two years keeping factories cheap.
Industrial Parks Inc.: How Becamex, VSIP and Kinh Bac Sell Vietnam by the Hectare
Every foreign factory in Vietnam sits on land leased from a park developer. How Becamex, VSIP and Kinh Bắc turn rice paddies into fifty-year rent.
Vietnam’s Garment Machine: Second in the World, Thin at the Margin
$44 billion of exports, three million workers, half of Nike’s shoes, and margins of a few percent: inside the machine that sews the world’s clothes on contract.
Intel Saigon: The Chip Plant That Put Vietnam on the Semiconductor Map
A $1.5 billion back-end plant in Saigon Hi-Tech Park gave Vietnam its semiconductor credentials. Then Intel’s own crisis put the next phase on ice.
