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Day: October 17, 2023

VN-Index down 20 points to close at 1,121.65, October 17

the-shiv October 17, 2023

The VN-Index fell again on Tuesday continuing a rocky start to the week, according to Ho Chi Minh Stock Exchange data. The local bourse ended the day at 1,1121.65 points down 20 points on Monday’s close. Banking and securities were the most traded stocks of the day. Note: There was

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Vietnam rare earth mining firm find Australian development partner

the-shiv October 17, 2023

The owners of Vietnam’s only rare earth processing plant, Vietnam Rare Earth JSC (VTRE), has announced it is partnering with Australia’s Blackstone Minerals to arrange an auction for a mining licence for Vietnam’s Dong Pao mine, The Investor is reporting. The Dong Pao mine is a 132-hectare site in northern

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Vietnam fuel imports have increased 23.1 percent so far this year

the-shiv October 17, 2023

Vietnam spent US$793 million on imported fuel bringing its total imports of petrol products to US$6.65 billion, which is a 23.1 percent increase year-on-year, Vietnamnet is reporting. This is at least in part a result of challenges at Vietnam’s Nghi Son refinery that have seen capacity cut and huge financial

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Amazon Prime Video set to exit Vietnam market

the-shiv October 17, 2023

Amazon Prime Video has decided to exit the Vietnam market at the end of the month, VN Express is reporting. Amazon doesn’t seem to have explained exactly why but the speculation is that Vietnam’s regulations on cross-border media providers may be the reason. More detail: In recent years Vietnam has

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New deal: Shinhan Bank Vietnam to offer corp. clients Samsung insurance

the-shiv October 17, 2023

Shinhan Bank Vietnam and Samsung Vina Insurance Company have signed a deal for the former to offer the latter’s property insurance products to its corporate clients, Vietnam News is reporting.  Why it matters: This is positive news for insurance companies and bancassurance agreements which have been under increased scrutiny this

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Soju manufacturing plant headed to northern Vietnam

the-shiv October 17, 2023

Soju maker HiteJinro is planning to build a US$100 million soju factory in northern Vietnam’s Thai Binh province, The Investor is reporting. This will be the Korean firm’s first overseas plant and will serve its broader global expansion plans. Soju is becoming increasingly popular in Vietnam and is broadly available

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