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Day: October 18, 2023

VN-Index down 18 points to close at 1,103.40, October 18

The VN-Index continued its downward slide Tuesday, losing 1.64 percent to finish the day at just 1,103.40 points, according to HOSE data. The index has now fallen just over 50 points since its close Friday. Foreign investors, however, seem to have changed their tune with a considerable uptick in the

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🇻🇳 Quarterly bank financial reports reveal broad falls in profits

A number of banks including BacABank, VPBank, and PG Bank, have all recorded drops in third-quarter profits year-on-year, VietnamBiz and Mekong ASEAN are reporting. There is speculation that this will be common among banks this reporting period, with reduced income from interest payments weighing heavily on balance sheets. Why it

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Vietnam industrial land rent to become 10 percent more expensive

Whereas this is ‘good news’ for industrial real estate developers, according to Vietnamnet, it will mean increased costs for leasees.  Vietnamnet cites data from CBRE which shows occupancy rates at 80.2 percent, with an average lease price in the primary market of US$131 per square meter. It’s not clear what

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