The VN-Index has had another rocky day ending the day down 14.21 points or 1.36 percent at 1,028.19, according to HOSE data. Vietnam’s primary stock market is now well below its September high when it went over 1,240 points. This comes on the back of weak business results as the

JETP agreement financing mostly market-rate lows, few grants

the-shiv October 31, 2023

The US$15.5 billion Just Energy Transition Partnership (JETP) agreement developed by the G7 and a handful of other countries to help Vietnam wean itself off coal is mostly market-rate loans that Hanoi didn’t really want and only US$300 million worth of grants, Reuters is reporting. Why it matters: Vietnam was

Aussie coffee chain opens first store in Vietnam

the-shiv October 31, 2023

Australian coffee chain Ten Thousand has opened a store in the Vietnamese capital Hanoi, VF Franchise Consulting is reporting. This is the group’s seventh store, with just one in Australia, three in the USA, and two in Taiwan. For a relatively small and new company, that is not well established

Up to 80 percent of Vietnam garment makers impacted by US green manufacturing regs

the-shiv October 31, 2023

Green textile and garment manufacturing regulations introduced in the US this year have created problems for 80 percent of Vietnamese textile and garment exporters, Saigon Giai Phong is reporting. Similar regulations in the EU, require garment and textile imports to meet ecological design criteria, which have seen 90 percent of

Thailand cosmetics firm enters Vietnam market with retail store in Hanoi

the-shiv October 31, 2023

Harnn, a Thai cosmetics brand, has opened its first store in Vietnam in Hanoi, selling personal care and beauty products, Inside Retail is reporting. The brand is also planning to open a second store in Ho Chi Minh City later this year. Vietnam’s retail and cosmetics sectors have experienced high

UK-Vietnam trade growth slows due to UK trade policy changes

the-shiv October 31, 2023

Vietnam’s exports to the United Kingdom this year have stagnated as a result of the UK signing onto the Developing Countries Trading Scheme (DCTS) and more free trade agreements, Vietnam Plus is reporting. This is creating more competition among the UK’s suppliers and giving UK importers more options, which is

Starlink pursuing Vietnam market access, but clear challenges exist

the-shiv October 31, 2023

Elon Musk’s satellite internet service, Starlink, is currently on show in Hanoi at the Vietnam International Innovation Expo 2023, VN Express is reporting. This is on the back of SpaceX representatives making overtures to the government last month with respect to making the service accessible in Vietnam. Point of note:

US to officially review Vietnam’s non-market economy status

the-shiv October 31, 2023

The US Department of Commerce has announced it will officially review Vietnam’s status as a non-market economy for the purposes of anti-dumping measures, according to the Federal Register. This will be done in the context of anti-dumping measures applied to raw honey from Vietnam and is in response to an