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Day: November 10, 2023
VN-Index -12.21 points (1,101.68) at close, November 10
The HoSE has finished the week slightly down on yesterdays close after a pretty good week relative to the week before. The benchmark index dropped 12.21 points today to finish at 1,101.68 points, down 1.10 percent, according to HoSE data. Foreign investors net sold US$9.6 million worth of stocks, pulling
State Bank of Vietnam puts hold on t-bill issues
Yesterday, for the first time in nearly two months the State Bank of Vietnam issued no new treasury bills, VN Express is reporting. The publication does not speculate as to why that might be. That said, the US dollar experienced a sharp drop earlier this week against the Vietnamese dong
Chinese electronics maker to more than double investment in Vietnam
Chinese firm Luxshare-ICT is set to expand its operations in Vietnam’s Bac Giang province by $330 million, The Investor is reporting. This will bring its investment in Vietnam to US$504 million. Luxshare-ICT makes cables for various electronic devices.
Shift from cash-up-front to consignment weighing on Vietnam exporters
Exporters are struggling under the weight of their export partners shifting to consignment-based payment arrangements rather than cash-up-front, according to Vu Hoang Ta Bui, director of Ho Chi Minh City’s Department of Industry and Trade. He also says that green production requirements–the European Union’s Strategy for Sustainable and Circular Textiles
People’s Committee personnel changes delay Saigon’s second airport
Minister of Transport, Thang Van Nguyen, told the National Assembly yesterday that the Long Thanh airport, in Dong Nai, has been delayed because of personnel changes at the provincial People’s Committee, The Investor is reporting. There are no details as to how personnel changes have impacted the airport’s progress. Nguyen
Vietnam’s electricity price goes up by 4.5 percent
Vietnam Electricity (EVN) has announced that electricity consumers will see a price hike on their next bill of 4.5 percent, Saigon Giai Phong is reporting. This is the second time electricity prices have gone up this year. For context, last year EVN reported a loss of US$1.5 billion with rises
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