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Day: November 7, 2023

VN-Index 🡇 9.37 points (1,080.29) at close, November 7

the-shiv November 7, 2023

The HoSE has ended its four day up-streak finishing Tuesday down o.86 percent, according to HoSE data. Foreign traders got in on the sell-off action too, net-shedding almost US$11 million worth of stocks. The most popular stock for foreign traders in terms of trade turnover was Mobile World Group with

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Vietnam’s industrial production index up 0.5 percent over Jan-Oct

the-shiv November 7, 2023

This is per General Office of Statistics data and despite the manufacturing sector experiencing a broad downturn in response to lower demand for Vietnam’s exports, VN Express is reporting. Conversely, S&P Global’s Purchasing Manager’s Index has found the sector to be in contraction for most of this year.  The index

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Increasing bank deposits leading to increased lending costs

the-shiv November 7, 2023

Bank profits are down considerably this year and part of this is due to increased lending costs linked to current account savings account (CASA) ratios, according to VN Express. This article is saying that when interest rates were high at the end of last year, people put more money into

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Chinese solar firm to increase Vietnam investment almost two-fold

the-shiv November 7, 2023

Trina Solar, a Chinese solar panel manufacturer is to increase its investment in Vietnam by US$420 million dollars bringing its total investment in the country to US$900 million, Tuoi Tre is reporting. Of note, solar panels exported from China to the US are subject to antidumping duty (ADD) and countervailing

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🇻🇳 Central bank governor says credit growth cap to stay

the-shiv November 7, 2023

State Bank of Vietnam (SBV) governor, Hong Thi Nguyen, has said that the 14 percent limit on bank lending each year will not be removed, Reuters is reporting. She said that removing the limit could result in excessive lending. Some context: Last year, Vietnam’s credit growth limit was reached in

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