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November 9, 2023 news
VN-Index + 0.46 points (1,113.89) at close, November 9
The HoSE has finished up today but only marginally, gaining 0.46 points or 0.04 percent to finish the day at 1,113.89, according to HoSE data. That said, foreign investors bailed on the market en masse withdrawing VND 806 billion or US$33.1 million. Foreign investor trades on HoSE from November 4
Japan chemical firm plans new factory in southern Vietnam
Japanese chemical maker, Tosoh, has put forward a proposal for a 12-hectare factory in southern Vietnam’s Ba Ria-Vung Tau province, The Investor is reporting. Vietnam exported US$4.9 billion in chemicals and chemical products in 2022 and imported US$17.6 billion in chemicals and chemical products in 2022.
Singapore real estate firm to develop 5.6 hectares in Hanoi’s west
Singapore real estate developer, CapitalLand, intends to drop US$738.6 million on developing nine towers comprising 4,000 units, in Hanoi’s west, The Investor is reporting. Why it matters: Vietnam’s real estate sector is on struggle street mostly because of a number of fraud cases that emerged in corporate bonds issued by
🇻🇳 Global Minimum Tax (GMT) finds its way onto current NA sitting agenda
Whereas it was reported last month that GMT legislation was not ready and therefore would not be presented to the current sitting of the National Assembly (NA), and therefore there would be no GMT in Vientam by 2024, the situation has now changed and it is being reported a resolution
New HoSE retail trading accounts fall by 378,000 in October
The number of Ho Chi Minh Stock Exchange retail trading accounts opened fell below the number of accounts closed in Ocotober, VN Express is reporting. Just 167,700 accounts were opened in October. Furthermore, in the same month 545,400 accounts were closed. The article points out that traders are allowed to
Notes on Vietnam’s up coming radio frequency auctions
Vietnam’s Ministry of Information and Communication has announced it will auction several radio frequencies, specifically the band from 2,500 to 2,600MHz, with the goal of boosting the country’s 5G rollout, Vietnam Investment Review is reporting. The starting price for the auction is US$167.93 million for a 15 year contract. These
Vietnam hosts 26-nation/territory pharma conference in Hanoi
The Asian Federation for Pharmaceutical Sciences (AFPS) Conference 2023 is being held in Vietnam this week, Vietnam Plus is reporting. Why it matters: Vietnam’s pharmaceutical sector has historically been heavily regulated and has only given foreign firms limited access. But this is changing. Next generation free trade agreements are opening