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Day: December 25, 2023

VN-index closes up, foreign traders net-sell US$5 million, December 25

the-shiv December 25, 2023

The VN-Index closed Christmas Day up 14.60 points or 1.32 percent to finish the holiday trading session at 1,117.66. Foreign traders, however, continued to exit the southern Vietnam-based stock exchange to the tune of US$5 million dollars signalling the blood-letting is not likely to end any time soon. Trading history,

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American shrimpers fight redesignation of Vietnam as market economy

the-shiv December 25, 2023

The American Shrimp Processors Association (ASPA) has said Vietnam should maintain its non-market economy status, and has made overtures to the US Department of Commerce (DOC) to that effect, according to a statement on its website. This is after a review of the country’s NME status was launched by the

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German gas firm to build new facility in central Vietnam

the-shiv December 25, 2023

Germany’s Messer, an industrial gas company, has received approval for a US$133.38 million project in Vietnam’s Quang Ngai province, The Investor is reporting. Set to cover 7.24 hectare its expected output is liquid argon, oxygen, and nitrogen along side a number of industrial gases like helium and neon.

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Kuwaiti investors visit Nghi Son refinery amid expected heavy losses

the-shiv December 25, 2023

A group of investors connected to Kuwait Petroleum International, which has a 35.1 percent stake in Vietnam’s Nghi Son oil refinery, visited the facility yesterday, the Kuwait News Agency is reporting. This comes after speculation that the refinery could report a loss of US$1 billion this year which may signal

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