The VN-Index reversed course today heading upward 7.37 points to finish out the session at 1,095.43 points. Foreign traders net bought for the third straight day though only US$2 million worth of stocks, a drop in the bucket compared to the US$37.5 million they shed last week. Trades by foreign

Crackdown on loan sharks sees Vietnam lending apps rack up debts

the-shiv November 28, 2023

Tuoi Tre is reporting on the phenomenon of borrowers forming groups for tips on advice on how to avoid repaying loans. This phenomenon is attributed to a crackdown on loansharking activities, particularly threatening customers with violence or confiscating personal belongings in lieu of payment. It is mostly focused on short-term

Repayments on 19 percent of Vietnam’s corporate bonds delayed this year

the-shiv November 28, 2023

Up to 100 firms that have issued corporate bonds have failed to meet their repayment obligations to investors. These firms represent 19 percent of Vietnam’s corporate bond debt with delayed payments from January to November totalling US$7.92 billion, according to The Investor. Despite bond market reforms throughout the year and

Vietnam’s plastics industry exports on the decline

the-shiv November 28, 2023

Plastics exports from Vietnam reached only US3.7 billion from January to September of this year, a 12.2 percent dop year-on-year, Vietnam News is reporting. This has been attributed to the broader global economic slowdown by the Vietnam Plastics Association. Of note: Last week, a request to increase import taxes on

C. bank T-bills expand Vietnam’s bond market by 3.9 percent in Q3

the-shiv November 28, 2023

Vietnam’s outstanding bonds hit US$108.6 billion in the third quarter of this year, representing 3.9 percent growth over the previous quarter, Vietnam New is reporting citing an ADB report. Corporate bonds, however, contracted 3.1 percent with the State Bank of Vietnam issuing US$13.5 billion worth of treasury bills to prop