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October 16, 2023
🇻🇳 VN-Index down 13 points to close at 1,141.42 October 16
The VN-Index finished Monday down a little over 13 points or 1.15 percent, according to Ho Chi Minh Stock Exchange Data. Saigon – Hanoi Commercial Bank (SHB) was the most traded stock for the day with over 30 million shares in the bank changing hands. The bank finished the day
Embattled real estate firm FLC to pay US$3.3 million in overdue taxes
The Hanoi Tax Department has found that property developer FLC has US$3.3 million owed in back taxes, VN Express is reporting. The publication also notes that FLC hasn’t released its financial reports since the fourth quarter of 2022. FLC’s chairman was arrested for stock manipulation back in March 2022 and
Vietnam’s largest rare earth mine’s 2022 revenue less than US$10K
Lai Chau-Vimico Rare Earth, which owns the largest rare earth mine in Vietnam reported revenue of just VND 240 million (US$9,800) in 2022, The Investor is reporting. The mine has reportedly been in operation since 2008 with varying degrees of success–2021 was a markedly better year with revenue of VND
Stock market to continue to climb this week: Vietnam News
Vietnam News is predicting that the stock market will continue to climb this week but the publication does not make clear how it has come to this conclusion. It does, however, carry comments from an executive at VNDirect, who says that low deposit interest rates as well as ongoing challenges
AstraZeneca has been approved to transfer tech to Vietnam
Vietnam’s Ministry of Science and Technology (MoST) has approved the transfer of AstraZeneca technology and processes to Vietnamese partner the Medochemie Company, Scandasia is reporting. This transferred technology will be used to produce drugs in Vietnam to international standards . FYI: Whereas China often insists that firms transfer technology to
🇻🇳 SBV T-bond issues in last 30 days reach US$8.1 billion
The State Bank of Vietnam issued VND 20 trillion (US$817 million) in bonds on Friday bringing the total for the last 30 days to US$8.1 billion, per the SBV website. This is the 17th tranche of bonds issued since the SBV embarked on a t-bill issuing spree to shore up
In today’s Vietnam news: South Korea – Vietnam leaders meeting, Vietjet COMAC lease agreement, EVN FiT eligibility problems proposed resolution, FDI firms fined over
In today’s Vietnam news: Vietnam-flagged LPG tanker passes Hormuz Strait, To Lam in China, Coffee concerns dry weather in VN, Coal mining output increase
In today’s Vietnam news: SBV ready to intervene in Forex market, US firm approved for wind power site survey, SBV to push for lower
This is a short interview with Vicente Nguyen, Chief Investment Officer at Asia Frontier Capital, regarding the Middle East conflict and its impact on Vietnam’s economy.
In this interview, Michael Kokalari discusses how escalating tensions in the Middle East and disruptions in global energy flows could impact Vietnam’s economy, markets, and investment outlook.
This is an interview with Hugo Bosch, host of Ho Chi Minh Securities’ Emerging Asia Podcast, about the impact the conflict in the Middle East is having on Vietnam’s stock market.