The VN-Index has finished the day down 4.94 points or .44 percent to close at 1,121. 49 points. Foreign traders, however, continued to exit the market taking a net US$33.6 million out of the local bourse. Foreign investor trading activity on the HoSE, December 7 Buy Sell Change Date VND*

Vietnam wind power project up for grabs in mortgagee auction

the-shiv December 7, 2023

Vietnam’s Agribank is auctioning off the Phong Dien 1 wind power plant with a starting price of VND1,205 billion (US$49.6 million) after the firm behind the project Vietnam Renewable Energy Engineering (VREE) failed to meet its debt obligations , The Investor is reporting. Background: Wind power producers were offered very

Japan to process scallops in Vietnam after China bans seafood imports

the-shiv December 7, 2023

Japanese scallop producers are considering shifting their processing operations from China to Vietnam after China banned the import of Japanese seafood over the release of treated water from the Fukushima nuclear power plant, The Japan News is reporting. An estimated 30,000 to 40,000 tons of scallops from Japan were processed

European insurance firm predicts Vietnam top-up tax to have minimal impact on FDI

the-shiv December 7, 2023

Vietnam’s recently passed top-up tax, a response to the Global Minimum Tax, should not impact how attractive Vietnam is to foreign firms, according to Raphaël Cecchi, an analyst with European credit insurer, Credendo. It may, however, “slightly hit Vietnam’s reputation” as a low-tax jurisdiction for foreign firms, he says. He

Chinese president rumoured to be headed to Vietnam next week

the-shiv December 7, 2023

The Chinese President, Xi Jinping, could be in Hanoi next week for two days, Bloomberg is reporting. This has been on the cards for sometime and likely a response to a visit from the President of the United States to the Vietnamese capital in September. Politically tied to China, economically

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