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Day: November 24, 2023

VN-Index +7.12 points (1,095.61) at close, November 24

the-shiv November 24, 2023

The VN-Index has finished the week up again, though only slightly, increasing by .65 percent. Vietnam’s benchmark index has been relatively stable this week losing just 15.17 points over all. Foreign investment also increased today with foreign traders net-buying US$16.4 million worth of stocks. That said, for the week, they

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Korean food delivery service to exit Vietnam December 8

the-shiv November 24, 2023

A couple of months ago Korea’s Baemin announced it would be scaling back its operations in Vietnam, today it has said it will leave the market altogether, VN Express is reporting.  At the end of the day, it looks like the market was just too competitive and low value. Grab

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Import tax hikes suggested to support local plastics business

the-shiv November 24, 2023

Vietnam’s Ministry of Finance has knocked back a request from the Long Son Petrochemicals Complex, to increase import tariffs on several plastics products , The Investor is reporting. Why it matters: If it had been approved this would have gone against Vietnam’s general policy of removing barriers to trade. That

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Northern Vietnam province looking for approval for casino project

the-shiv November 24, 2023

Vietnam’s Quang Ninh province, home to world famous tourist attraction Ha Long Bay, wants to build a US$2.8 billion casino and resort for domestic tourists. Plans have been submitted to the Ministry of Planning and Investment which has asked the Prime Minister to approve the project ‘in-principal’, The Investor is

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C.bank governor calls for greater supervision of banks

the-shiv November 24, 2023

State Bank of Vietnam (SBV) governor, Hong Thi Nguyen, has advocated greater supervision of credit institutions to Vietnam’s National Assembly, The Investor is reporting. This comes just days after it was revealed a former director of the SBV had accepted a bribe of up to US$5.2 million to look the

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