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Day: December 14, 2023

VN-Index down 4.07 (0.37 percent) to close at 1,110.13, December 14

the-shiv December 14, 2023

The VN-Index has finished Thursday in the red, down 4.07 points or 0.37 percent, to close at 1,110.13. Foreign investors continued their sell-off ith US$14 million net-pulled from the market bringing the total for the last five trading sessions to just over US$101 million. Foreign investor trading activity on the

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Vietnam car sales down 15 percent in November year-on-year

the-shiv December 14, 2023

There were only 26,439 new car sales in Vietnam in November representing a drop of 15 percent compared to November last year, Just Auto is reporting, referencing data from the Vietnam Automotive Manufacturers Association (VAMA). Just 240,027 were sold in the first 11 months of this year, down from 327,760

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ADB cuts Vietnam growth forecast

the-shiv December 14, 2023

The Asian Development Bank (ADB) has cut its growth forecast from 5.8 to 5.2 percent, VN Express is reporting. Data is from the Asian Development Bank Outlook December 2023. Key reasons for the downgrade listed include: falling external demand;  weak budget execution, particularly at the provincial level; and and a

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Vietnam facing shortage of staff to register new cars pre-Tet

the-shiv December 14, 2023

Allegations of corruption against a number of individuals involved in the registration of motor vehicles and their subsequent suspension from work pending trial, has led to a shortage of staff for new registrations, Saigon News is reporting. Of note, 958 registrars are being prosecuted and 800 others have quit their

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