The VN-Index fell 1.61 points today or 0.15 percent to finish the day at 1,100.07 points, according to Ho Chi Minh Stock Exchange data. Foreign traders left the market to the tune of US$15.5 million. This brings the total value of shares net-sold by foreign investors over the last five

Coffee prices down on increased supply at start of harvest

the-shiv November 13, 2023

Domestic green coffee is down 15 percent compared to its September peak, VN Express is reporting. According to sources quoted in the article this is due to: Farmers holding onto their beans while they wait for prices to rise; It’s the start of the harvest season which means more supply;

Vietnam food processing firm fined US$9,660 for stock market disclosure breaches

the-shiv November 13, 2023

Kido, one of Vietnam’s biggest food processing firms, has been fined for three breaches of Ho Chi Minh Stock Exchange disclosure rules, The Investor is reporting. Breaches and accompanying fines include: For the non-disclosure or late disclosure of information Kido was fined US$4,830; For not submitting to the Hanoi Stock

Vietnam stands to make US$600 million in tax revenue from GMT in 2024

the-shiv November 13, 2023

If a Global Minimum Tax comes into force in all OECD member states from the start of 2024, and Vietnam has a top-up tax in place, the country could benefit to the tune of US$600 million in increased tax revenue a government report has found, The Investor is reporting. In

Singapore firm to add 245 MW in Vietnam renewable energy to portfolio

the-shiv November 13, 2023

Singapore’s Sembcorp Industries has said it intends to spend US$160.3 million on renewable energy assets in Vietnam, The Investor is reporting. This will include wind, solar, and hydro power purchased from local investment firm Gelex.

Danang investor fined US$61,000 for stock market manipulation

the-shiv November 13, 2023

A man in Danang was using 76 accounts belonging to 21 investors to manipulate the price of a real estate firm listed on the Ho Chi Minh Stock Exchange, The Investor is reporting. He has subsequently been banned from trading for two years and fined US$61,000. See also: Stock market

Vietnam’s biggest oil refinery needs more Vietnamese leadership: PM

the-shiv November 13, 2023

In a visit to Vietnam’s Nghi Son oil refinery on Saturday, Vietnam’s Prime Minister, Pham Minh Chinh, said that the challenges facing the refinery could be solve with more local leadership and more decentralisation, The Investor is reporting. “There need to be more Vietnamese people in the company’s leadership. More