December 18, 2023
VN-Index down 10.42 points (0.95 percent) to close at 1,091.88, December 18
The VN-Index has finished the first trading day of the week down 10.42 points .95 percent to close at 1,091.88. Foreign investors continued to exit the market en masse. They net sold US$31 million bringing their total exit from the market over the last five trading sessions to US$157 million.
Foreign traders net-withdraw over US$1 billion from Vietnam stock market this year
Foreign investors have withdrawn just shy of US$1.11 billion from the Ho Chi Minh Stock Exchange this year, VN Express is reporting. Key points made include: Active funds are not performing well and shareholders are putting pressure on fund managers to withdraw funds, Foreign funds are restructuring due to risk
Taiwan electronics manufacturer to expand operations in Thai Binh
Taiwan’s Lotes, which makes electronic parts for big brands like Samsung, Sony and Intel is expanding its operations in Thai Binh to the tune of US$25 million, The Investors is reporting. This will bring its total investment in the province to US$125 million. The current operations make computer cables and
Hanoi Stock Exchange has suspended 44 stock for disclosure violations
There are currently 44 stocks suspended from trading on the Hanoi Stock Exchange mostly for failing to provide audited annual reports for three years or more, Tuoi Tre is reporting. The failure of listed firms on all of VIetnam’s stock exchanges to release audited financial reports, or to release them
Japan led consortium approved to build LNG plant in northern Vietnam
A consortium of Japan’s Tokyo Gas and Kyuden International, along with Vietnam’s Truong Thanh Group, has been approved to build a new LNG plant in northern Vietnam’s Thai Binh province, the Borneo Bulletin is reporting. The project is estimated to be worth just shy of US$2 billion.
WTO/IFC Mekong report finds better trade finance could unlock US$58 billion
Greater access to trade finance could boost imports and exports in Cambodia, Laos, and Vietnam by a combined US$58 billion or 9 percent, the Phnom Penh Post is reporting. The findings are in a report released by the World Trade Organisation and the International finance Organisation. Full report: Trade Finance
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