Key Challenges in Vietnam-US Trade Negotiations: Unpacked
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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
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
Vietnam transport public private partnerships not worth it on high risk, low profits
the-shiv November 8, 2023
Minister of Transport Thang Van Nguyen told Vietnam’s parliament on Monday that investors were not interest in taking part in public private partnerships (PPPs) because the returns are low, and the came with high financial risks, The Investor is reporting. He also notes that: The 50 percent the state puts
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.
Korean e-commerce pharma firm to help digitise Vietnam hospital drug distribution market
the-shiv November 8, 2023
The firm, BlueMTec, currently operates Blue Pharm Korea a drug distribution platform for hospitals, and will be teaming up with Vietnam’s BuyMed to develop e-commerce drug sales in Vietnam, Korea Biomed is reporting. A part of this deal will see Vietnam import Korea-made pharmaceutical products. Note that foreign firms are
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