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Day: November 6, 2023
VN-Index 🡅 12.88 points (1,089.66) at close, November 6
The Ho Chi Minh City has started the week on a positive note, finishing Monday at 1,089.66 points, up 1.2 percent on Friday’s close, according to HoSE data. It wasn’t just local traders buying either. Foreign investors net bought almost US$14.5 million worth of stocks, a promising sign at the
Snapshot: Vietnam’s Stock Market, October 2023
The Ho Chi Minh Stock Exchange (HoSE) started October in an interesting place. The State Bank of Vietnam (SBV) was in the midst of a series of treasury bill issues with billions of dong being pulled from the market every day. Uncertainty over the impact this would have on the
🇻🇳 Textile and garment firms still struggle amid low demand in key export markets
The 3,700 workers Garmex Saigon Corporation had in 2021 was whittled down to 1,900 workers last year, and this year has dropped to just 37 on lower demand for Vietnamese garments, Dan Tri is reporting. Why it matters: Layoffs have been common throughout the industry this year and attributed mostly
Vietnam tech workers laid off on low demand, lack of skills
Vietnam’s tech sector has been hit with a wave of layoffs on the back of reduced demand but also a lack of skills, VN Express is reporting. It’s quoting data from TopDev which found that almost 90 percent of companies were looking to recruit less than 50 programmers this year,
Skilled labour needed for high-tech manufacturing boom, still a ways away
‘Experts’ are calling for a comprehensive investment strategy to encourage university students to enrol in STEM subjects, Vietnam Plus is reporting. The percentage of students enrolled in STEM subjects in Vietnam in 2021 was 28.7 percent compared to 46 percent in Singapore, 50 percent in Malaysia, 35 percent in South
Lunar New Year public holiday in Vietnam to be held February 8 to 14
That is from the Thursday before the actual Lunar New Year to Wednesday of the week after, as reported by Vietnam Plus. Note that the five public holidays legislated for the Lunar New Year (Tet) in Vietnam are at the discretion of the government and change every year. Also, it’s