October 19, 2023
VN-Index 🡇 33.8 points (1,087.85) at close, October 19
The VN-Index has fallen again for its fourth straight session finishing the day at 1,087.85 points, 1.41 percent below yesterday’s close, according to HOSE data. Of note, however, is that for a second day in a row, foreign traders have bucked the trend by net-buying US$11 million worth of stocks.
IMF forecasts GDP growth for Vietnam of 4.7 percent, 2023
In its Fall 2023 Regional Economic Outlook: Asia and Pacific report the IMF has forecast GDP growth of 4.7 percent for Vietnam in 2023 and 5.8 percent in 2024, Vietnam News is reporting. It goes on to cite the report as finding that Vietnam’s measures to contain inflation have been
Taiwan electronics maker to build new factory in central Vietnam
Foxlink International is set to build a US$135 million factory to produce touch pens, wireless earphones, battery packs, charging stations, and printed circuit boards Danang in central Vietnam, The Investor is reporting. When it’s completed the factory will cover 11.35 hectares and employ 2,000 people.
🇻🇳 Dong-stabilising t-bills set to start maturing today, next steps unclear
US$409 million worth of treasury bills issued by the State Bank of Vietnam in September as a means to stymie the devaluation of the dong are set to mature today, VN Express is reporting. Why it matters: The SBV has issued nearly US$10 billion worth of T-bills since September 21
A new oil refinery slated for central Vietnam has officially been canned
An investment certificate granted in 2007 for a new oil refinery in Vietnam’s Phu Yen province has been rescinded 16 years later after the investors decided not to go ahead with the project, The Investor is reporting. It is not clear why the investors pulled out, however, the two firms
🇻🇳 Trade turnover down 11 percent year-on-year
Vietnam has posted a trade turnover of US$496.30 billion for the first nine months of the year, an 11.2 percent drop over the same period in 2022, Dan Tri International is reporting. The publication notes that foreign-invested firms accounted for US$341.65 billion of said turnover whereas local firms accounted for
Financial difficulties at two major gym chains raise questions about consumer spending and household finances in Vietnam. Meanwhile, a Chinese contractor joins Vingroup’s US$3.9
Vietnam’s central bank moves to rebuild foreign exchange reserves despite mounting inflation pressures, raising questions about the government’s economic strategy. Meanwhile, reports of Vingroup-linked
Vietnam’s government forecasts a 40 percent surge in property-related revenue in 2027 despite weakening real estate transactions, raising questions about the sustainability of its
This is an interview with Chris Walker, a Vietnam Sourcing Expert with Vietnam Factory Tours how rising oil prices and the Middle East crisis are
This is an interview with John Gardner, CEO and Founding Partner, at Optimum Hospitality in Ho Chi Minh City. It covers fuel price impacts on:
This is an interview with Dr Nuno F. Ribeiro, Associate Professor, International Tourism & Hospitality Management at Copenhagen Business College, formerly of RMIT Vietnam. It