November 1, 2023
VN-Index 🡅 11.47 points (1,039.66) at close, November 1
The fortunes of the Ho Chi Minh City Stock Exchange turned around today finishing the day up for the first time this week, according to HOSE data. The index gained 11.47 points or 1.12 percent. Foreign traders, however, went the other way, exiting the market to the tune of US$4.4
Vietnam’s manufacturing sector still in contraction mode: S&P
S&P Global has released its Global Vietnam Manufacturing PMI for October and it[s not great. Vietnam’s PMI was 49.6 in October down from 49.7 in September. S&P found that new orders were up but only slightly–not enough to increase production and instead firms drew down on exiting inventory. Why it
🇻🇳 Low petrol prices keep CPI in check, but retailers are picking up the tab
Petrol prices in Vietnam, in the first ten months of this year, dropped by 13.24 percent over the same period last year and this has helped to keep inflation in check, The Leader is reporting. Conversely, VN Express is reporting that petrol retailers have called on the PM for help
🇻🇳 Novaland reports Q3 profit amid default on international bond interest payment
Novaland is ‘back in the black’ with an after-tax profit of VND136.7 billion (US$5.7 million) in Q3, VN Express is reporting. This was a big change compared to the first half of the year in which it recorded a loss of VND 1,094 trillion (US$44.5 million). There is, however, no
Samsung Vietnam forecasts US$8 billion drop in exports in 2023
Samsung Vietnam is aiming to export US$57 billion worth of goods this year, VN Express is reporting. This is US$8 billion less than the US$65 billion it exported in 2022. Why it matters: Samsung Vietnam accounted for almost 20 percent of Vietnam’s total exports (US$371 billion) in 2022. A drop
In today’s Vietnam news: Vietnam Airlines trading restrictions removed, Insurance payouts VSS, Car sales June, 23+ years prison term recommended counterfeit supplements, Counterfeit shoes
In today’s Vietnam news: Government to inject cash into Agribank, IMF growth forecast raised, German industrial gas plant investment, VN garment maker Amazon legal
In today’s Vietnam news: Construction labour demand impacting garment industry, ADB growth forecasts, Bloomberg survey GDP growth expectations, Starlink orders open, Seafood industry call
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