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November 7, 2023
VN-Index 🡇 9.37 points (1,080.29) at close, November 7
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
Vietnam’s industrial production index up 0.5 percent over Jan-Oct
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
Increasing bank deposits leading to increased lending costs
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
Chinese solar firm to increase Vietnam investment almost two-fold
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
German tech manufacturing firm opens factory in northern Vietnam
The Harting Technology Group has opened a new, 2,500 square meter factory in Vietnam’s Hai Duong province, Cong Thuong is reporting. The German company currently manufactures electronic connectors and industrial-grade data cables.
🇻🇳 Central bank governor says credit growth cap to stay
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
In today’s Vietnam news: Ready-to-drink tea market report, Rights groups EU action on Vietnam civic space crackdown, Taxi company buy 2,000 Vinfast cars, Vietnam
In today’s Vietnam news: South Korea – Vietnam leaders meeting, Vietjet COMAC lease agreement, EVN FiT eligibility problems proposed resolution, FDI firms fined over
In today’s Vietnam news: Vietnam-flagged LPG tanker passes Hormuz Strait, To Lam in China, Coffee concerns dry weather in VN, Coal mining output increase
This interview with Ngoc (Lily) Nguyen, the Vietnam Southern Region Sales Manager at HAP Commodities Consulting, covers how the Iran–Hormuz conflict is affecting the coffee
This is an interview with Hao Qiu, the Founder of Fair Farm Vietnam. It looks at how global factors, including Brazil’s crop outlook and Middle
This is an interview with Timen ter Meulen Swijtink, Managing Director, Collective Company (producer of LaCaph-branded coffee). It covers how the Middle East crisis is