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Day: October 19, 2023

VN-Index 🡇 33.8 points (1,087.85) at close, October 19

the-shiv October 19, 2023

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.

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IMF forecasts GDP growth for Vietnam of 4.7 percent, 2023

the-shiv October 19, 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

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Taiwan electronics maker to build new factory in central Vietnam

the-shiv October 19, 2023

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.

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🇻🇳 Trade turnover down 11 percent year-on-year

the-shiv October 19, 2023

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

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