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Vietnam News Roundup: November 1 to November 7

This week’s Vietnam news roundup covers the latest State Bank open market operations, a new pilot for a two-tier electricity pricing regime, Vietnam’s purchasing managers’ index for October, the moth-balling of a new petrochemical complex, and more…

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Temu in Vietnam: What’s Fair in Free Trade?

When Chinese e-commerce giant Temu officially launched in Vietnam last month the hype was palpable. Not only had the firm dropped a small fortune on advertising but it had also ruffled feathers in Vietnam’s business community: Temu’s goods were too cheap and Vietnamese producers could not compete. With a narrative containing two things Vietnamese love–huge discounts and hating on China–the local media piled on…

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Vietnam C.Bank reference rate falls slightly, Friday

This Vietnamese Dong Tracker records the latest news and developments with respect to the local currency. It includes the current prices as well as State Bank of Vietnam monetary policy and open market operations including treasury bill issuances and interbank lending.

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Vietnam’s consumer price index sees slight jump in October

Vietnam’s consumer price index–CPI–compared to October 2023, has risen by 2.89 percent, showing a moderate annual increase in consumer prices. Since December 2023, the CPI has grown by 2.52 percent, suggesting a consistent upward trend through the year; and from September to October 2024, the CPI increased by 0.33 percent, indicating a stable month-to-month price movement with minimal volatility…

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US protectionism growing concern in Vietnam after Trump election

A possible jump in tariffs on Vietnamese goods after Donald Trump won the US presidential election yesterday is a key concerns among businesses in Vietnam, according to analysis from Tuoi Tre. The publication cites Trinh Viet Hoang Minh from ACBS Securities as suggesting Vietnam’s steel industry may face problems as Trump pursues protectionist measures on behalf of the US steel industry…

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Vietnam Industrial Production Index Tracker: October Update [data set]

Vietnam’s industrial production index in October recorded a jump of  seven percent compared to the same period last year, driven by growth in key sectors like processing and manufacturing. The processing and manufacturing industry experienced a decent increase of 8.8 percent, while electricity production and distribution grew by 6 percent. The machines for the textile, garment and leather industries, however, has recorded the biggest rise so far this year, up 85 percent.

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Vietnam CPI Tracker: October Update [data set]

Vietnam’s Consumer Price Index slowed in September over August recording an increase of just 2.63 percent compared to August’s 3.45 percent. Overall CPI remained steady at 4.04 percent safely within the government’s target range for the year of between 4 and 4.5 percent. Core inflation, meanwhile, was hovering at 2.54 percent over September last year…

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Vietnam’s wood and bamboo production sees mixed performance in September

Sawing, planing, and preserving wood experienced a decrease in output, with a 3.4 percent drop compared to August 2024 and a 1.5 percent decline year-on-year. Despite these recent declines, the sector has showed resilience year-to-date, recording a 6.3 percent increase over the first nine months of 2024 compared to the same period in 2023…

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