December 12, 2023
VN-Index up 2.13 (+0.19 percent) to close at 1,127.63, December 12
The VN-Index finished Tuesday up 2.13 points to close at 1,127.63 points.
British diplomatic cables raise series of concerns about Vietnam’s JETP
British diplomatic cables seen by Political reveal a number of concerns about how Vietnam’s Just Energy Transition Partnership Resource Mobilisation Plan was put together, the publication reported December 8. Politico’s article has a number of choice quotes that reveal the development of the plan and its implementation may not be
Fitch Ratings gives Vietnam a BB+ rating with a stable outlook
Rating agency Fitch Ratings has upgraded Vietnam’s rating from BB to BB+ and said the outlook is stable, according to a press release December 8. The upgrade was based on: robust foreign direct investment (FDI) inflows; and confidence… property-sector stresses, weak external demand and delays in policy implementation owing to
Vietnam coffee consumption to increase 32 percent by 2027: Euromonitor
Vietnam will lead growth in coffee consumption in Southeast Asia with Euromonitor predicting the local market to grow by 32 percent, Nikkei Asia is reporting. However, the article notes that competition is fierce and that many local brands in Vietnam are expanding overseas. See also: How to Open a Cafe
Vietnam’s insurance market records strong growth despite bad press
The total assets of insurance companies in Vietnam reached almost VND 913.37 trillion (US$$37.6 billion) in the first 11 months of 2023, up 11.12 percent year-on-year, Vietnam News reported citing Vietnam’s Ministry of Finance data. It also reported that total equity of insurance firms in Vietnam was estimated to be
Airfare price caps weigh on recovery from pandemic for Vietnam’s airlines
Vietnam’s airline industry is urging the government to remove price caps on airfares with many local airlines still struggling to recover from accumulated losses during the pandemic, The Star is reporting. “Domestic airlines have seen recoveries in revenues, but the sharp increase of input costs undermines their profits, which makes
Chinese coffee chain opens first Vietnam store in HCMC
China’s Cotti Coffee has opened its first store in Ho Chi Minh City, the World Coffee Portal is reporting. This is in line with a number of international coffee chains looking to enter Vietnam’s consumer coffee market. Data included in the article claims Vietnam to be East Asia’s fifth biggest
US senators call for halt of Vietnam non-market economy status review
A handful of US senators have called for a halt to a review of Vietnam’s designation as a non-market economy (NME), Politico is reporting. It cites this letter signed by US senators JD Vance, Josh Hawley, and Tom Cotton which says “the recently announced process defies both normal order and
Nvidia considering establishing ‘base’ in Vietnam
Nvidia’s CEO, Jensen Huang, met with the Prime Minister of Vietnam this week and discussed expanding Nvidia’s presence in the Southeast Asian nation, Reuters is reporting. The company already has investments in the country of US$250 million. Specific details of any future investments have not been provided as yet.
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