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Day: November 8, 2023

VN-Index + 33.14 points (1,113.43) at close, November 8

the-shiv November 8, 2023

The Ho Chi Ming Stock Exchange has bounce back from yesterday’s fall gaining 33.14 points today pushing it well and truly over then 1,100 point mark. This was a gain of 3.07 percent, according to HoSE data. Foreign investors, however, were less bullish withdrawing VND 266 billion from the market

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Japanese investment firm buys into Vietnam’s food and beverage sector

the-shiv November 8, 2023

The Singapore based arm of Japan’s Marubeni Corporation has bought into Vietnam’s Asia Ingredients Corporation, VN Business is reporting. The details of the deal have not been disclosed but this is in line with several big moves in recent months in Vietnam’s food and beverage sector–Vietnamese food and beverage conglomerate

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Intel’s planned expansion in Vietnam has been put on ice

the-shiv November 8, 2023

A planned exapansion of Intel’s Vietnam operations will no longer go ahead, according to Reuters. Intel was set to nearly double its operations in the Southeast Asian nation according to the publication. Why it matters: Vietnam has been pushing semiconductor manufacturing as a key step toward its high-tech manufacturing dream.

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Vietnam back on US currency manipulation monitoring list

the-shiv November 8, 2023

That said, the US Treasury did say that none of its trade partners appeared to be manipulating their currencies, according to Reuters.  Countries make the currency manipulation watch the meet two of the following three criteria: They have a trade surplus of US$15 billion or more. They have a current

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