The VN-Index continued on its upward trend Tuesday increasing by 9.66 points or .88 percent to close out he session at 1,109.73, according to Ho Chi Minh Stock Exchange data. Foreign investors continued their net-selling trend with another US$13.7 million withdrawn from the market. Foreign investor trades on HoSE from

South Korean biotech firm to build monkey farm in Vietnam

the-shiv November 14, 2023

South Korea’s, Eco & Tech Co., a biotech business, plans to build a US$11 million monkey farm in Vietnam’s Khanh Hoa province, The Investor is reporting. The facility will cover 18.7-hectares with the monkeys raised to be used for scientific research purposes. A second phase of the project is slated

Piracy concerns raised over withdrawal of foreign TV services from Vietnam

the-shiv November 14, 2023

The Ministry of Information and Communication (MIC) has speculated that the withdrawal of several international film and television brands, namely Amazon Prime Video and Disney+, from the local market may see video pirates fill the void, Saigon Giai Phong is reporting. Why it matters: Regulations created by the ministry are

2020 resolution fails to realise shift to market based electricity pricing

the-shiv November 14, 2023

A government resolution issued in 2020 declared that electricity pricing needed to be transparent and determined by market rules, however, there is still a huge mismatch between input costs and retail prices, Vietnam Net is reporting. Key takeaways: Before this year electricity prices has not increased since 2019; Several provinces

Highlands Coffee passes 700 store mark in Q3, 2023

the-shiv November 14, 2023

Vietnamese coffee chain, Highlands Coffee, majority owned by Filipino fast food conglomerate Jolibee, extended its network of stores beyond 700 between Vietnam and the Philippines, the World Coffee Portal is reporting. It currently has 43 outlets in the Philippines and 682 stores in Vietnam–making it the biggest coffee chain in