December 8, 2023
VN-Index up 2.85 (0.26 percent) to close at 1,124.44, December 8
The VN-Index has finished the week in positive territory, up 2.85 points or .26 percent, to finish the day at 1,124.44. Foreign traders, however, continued to net-sell to the tune of another US$18.5 million bringing their combined total for the week to just over US$163 million. Notably, there are limits
Taiwan firm starts work on machine factory north of Hanoi
Taiwan’s Lioho Machine Works has started building a factory in Vinh Phuc north-west of Hanoi, The Investor is reporting. The project is reportedly worth US$75 million and is set to cover five hectares. When complete it will produce car parts, farm equipment, and pumps.
Hong Kong camera manufacturer considering factory in north-central Vietnam
Hong Kong based Qtech is considering building a US$430 million factory in Vietnam’s Nghe An province, The Investor is reporting. If realised it would cover 10 to 15 hectares and produce eight million products a month. Notably the company is looking for tax, human resources, and administrative support from Nghe
Singapore developer drops US$562 million on southern Vietnam real estate project
Singapore’s CapitaLand has acquired an 18.9 hectare real estate project in Vietnam’s Binh Duong province for over half a billion dollars, The Investor is reporting. The project, when realised, is expected to house 12,500 people in 3,300 houses and 462 villas.
Resolution 98 could see sports complex in Ho Chi Minh City finished after 30 years
Resolution 98, which was passed by Vietnam’s National Assembly in June and gives HCMC greater power over the collection and disbursement of taxes, may be a game changer with respect to the Rach Chiec National Sports Complex in HCMC, which was started in 1994, but is still unfinished, Tuoi Tre
Vietnam PM calls on banks to be more flexible when issuing loans
A quote has appeared on a government website attributed to Vietnam’s Prime Minister that reads “We do not lower lending standards, but can we be more flexible?” according to Bloomberg. This is in line with an approach from the government heavily weighted toward encouraging banks to lend more rather than
In today’s Vietnam news: Credit limits removed for some major projects, Estonian web security company market entry, Vingroup’s Vuong becomes major shareholder LP Bank,
In today’s Vietnam news: More land for Trump golf course, Hanoi metro awarded Vingroup, Rising bank bond interest rates, GE contract stalled power plant
In today’s Vietnam news: MSCI market review, Russia’s Gazprom abandons LNG plant project, Horror movie making warning, Banking risk analysis, Denmark-VN ethanol cooperation, Work
This is an interview with Chris Walker, a Vietnam Sourcing Expert with Vietnam Factory Tours how rising oil prices and the Middle East crisis are
This is an interview with John Gardner, CEO and Founding Partner, at Optimum Hospitality in Ho Chi Minh City. It covers fuel price impacts on:
This is an interview with Dr Nuno F. Ribeiro, Associate Professor, International Tourism & Hospitality Management at Copenhagen Business College, formerly of RMIT Vietnam. It