Vietnam exported 32.7 percent less coffee in September this year compared to September last year, but the total value of said exports, US$205 million, was just 12.8 percent lower, VOV is reporting. Indeed, it was reported a few weeks ago that with sky-high coffee prices, traders had sold most of

China plastics manufacturer to build new factory in southern Vietnam

the-shiv October 5, 2023

The Vietnamese arm of Chinese plastics manufacturer Kingfa Science & Technology is set to open a new US$80 million factory in southern Vietnam’s Dong Nai province, The Investor is reporting. What the company will make at the new factory has not been disclosed but the company’s key outputs are plastic

China electronics maker to establish new factory in northern Vietnam

the-shiv October 5, 2023

China’s Longstar Lighting Ha Mon Company is set to invest US$25 million in a new factory in Vietnam’s Thai Binh province, The Investor is reporting. The factory will manufacture and assemble LED bulbs and auxiliaries over the four-hectare site. It is expected that when fully operational the factory will have

Taiwan PC input device maker approved for new factory in northern Vietnam

the-shiv October 5, 2023

Taiwan’s Goodway Cayman Company is set to invest US$45 million in a new factory in Vietnam’s Thai Binh province, The Investor is reporting. The factory will make electronic devices and computer peripherals. Covering five hectares, Goodway Cayman estimates the new factory will generate US$180 million a year.

Taiwan optical device maker approved for new factory in northern Vietnam

the-shiv October 5, 2023

Taiwan’s Pegavision, a major manufacturer of soft contact lenses and other assorted medical optical devices, has been approved to build a lens factory in Thai Binh to the tune of US$200 million, The Investor is reporting. Covering 10 hectares, Pegavision is anticipating revenues of US$114 million a year when completed.

Foreign trading on the HOSE, October 4

the-shiv October 5, 2023

The VN-Index closed slightly higher on Wednesday at 1,128.67 points, VN Express is reporting. It is still, however, well down for the week and the lowest it has been since July. Foreign investor trading activity, October 4 VND (billions) US$ Bought 1,374 9,480,600 Sold 1,186 8,183,400 Change 188 1,297,200 Most

Economic challenges according to head of Vietnam’s General Statistics Office

the-shiv October 5, 2023

Vietnam News is carrying a translation of an interview Huong Thi Nguyen, Director of the General Statistics Office (GSO) gave to Bao Tin Tuc, in which she addresses the outlook for Vietnam’s economy toward the end of the year. She notes three key challenges facing the economy: Firms are struggling

Foreign direct investment in real estate down 45 percent year-on-year

the-shiv October 5, 2023

FDI in the real estate sector reached US$1.94 billion in the first nine months of 2023, down 45 percent year-on-year, Vietnam Plus is reporting. Why it matters: The real estate sector has hit hard this year on the back of bond frauds and several high-profile arrests in the sector. This

New short-term capital lending regulations come into force this week

the-shiv October 5, 2023

New regulations from the State Bank of Vietnam that limit the short-term capital (i.e. the money in everyday accounts) to 30 percent of the cash used for medium and long-term loans down from 34 percent, has come into effect, Vietnam News is reporting. Note: Vietnam’s banking sector is still developing