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December 25, 2023 news
VN-index closes up, foreign traders net-sell US$5 million, December 25
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,
American shrimpers fight redesignation of Vietnam as market economy
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
South Korean chipmaker to increase investment in Vietnam
Chipmaker Hana Micron from South Korea is planning to increase its investment in Vietnam up to US$1 billion, The Investor is reporting. The firm currently has two plants in northern Vietnam in Bac Giang and Bac Ninh.
German gas firm to build new facility in central Vietnam
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.
Kuwaiti investors visit Nghi Son refinery amid expected heavy losses
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
Prioritise local wind power over imports: Vietnam industry group
It was announced last week that Vietnam’s state owned power provider EVN was considering importing electricity from Laos at 7 cents per kilowatt. Nestled just near the bottom of this article from VN Express on the issue is a comment from Bui Van Thinh, chairman of the Binh Thuan Wind