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Day: November 10, 2023

VN-Index -12.21 points (1,101.68) at close, November 10

the-shiv November 10, 2023

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

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State Bank of Vietnam puts hold on t-bill issues

the-shiv November 10, 2023

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

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Shift from cash-up-front to consignment weighing on Vietnam exporters

the-shiv November 10, 2023

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

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People’s Committee personnel changes delay Saigon’s second airport

the-shiv November 10, 2023

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

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Vietnam’s electricity price goes up by 4.5 percent

the-shiv November 10, 2023

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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