December 26, 2023
VN-Index closes up, foreign traders net-sell US$12.7 million, December 26
The VN-Index finished Boxing Day up 4.59 points or .41 percent to finish the day at 1,122.25 points. Foreign traders, however, were less positive about the markets prospects than their domestic counterparts, they exited the market to the tune of just over US$12.7 million. Trading history, foreign investors, last five
Government support on the cards for embattled Bamboo Airways
Several government ministries and private enterprises have been called on to help ‘Bamboo Airways resolve its difficulties by year-end’ by the Deputy Prime Minister Le Minh Khai, VN Express is reporting. Key takeaways Petrolimex, the Airports Corporation of Vietnam, and several local banks have been asked to provide assistance; But
Vietnam Airlines trading restrictions lifted, stock bounces
Trading restrictions on Vietnam Airlines (HVN) stock listed on the Ho Chi Minh Stock Exchange, whereby trading was restricted to the afternoon trading session only, have been lifted giving the stock a bounce, CafeFN is reporting. The stock was up 6.82 percent at the close of trade December 25. Key
Vietnam cement industry conditions worst in a decade
Vietnam’s Ministry of Construction (Moc) is proposing reduced taxes and interest rates for firms dealing in construction materials on the back of the worst year for the industry in ten years, Vietnam News is reporting. This is on the back of a slump in sales and rising input costs. Key
Vienam’s PDP7 assessment finds solar overdeveloped, grid underprepared
A report into the implementation of Vietnam’s Power Development Plan 7 has found that solar power development between 2016 and 2020 went well above what was planned, Vietnam News is reporting. Key takeaways: The PDP7 set out a plan to develop 850 MW of solar power by 2020; However, a
Vietnam state-owned shipbuilding firm to go bankrupt
The Government of Vietnam has decided to wind up the state-owned Shipbuilding Industry Corporation (SBIC) and all of its subsidiaries bar one, Vietnam News is reporting. Of note, its predecessor Vietnam Shipbuilding Industry Group also went bankrupt back in 2010 amid allegations of mismanagement and corruption.
Financial difficulties at two major gym chains raise questions about consumer spending and household finances in Vietnam. Meanwhile, a Chinese contractor joins Vingroup’s US$3.9
Vietnam’s central bank moves to rebuild foreign exchange reserves despite mounting inflation pressures, raising questions about the government’s economic strategy. Meanwhile, reports of Vingroup-linked
Vietnam’s government forecasts a 40 percent surge in property-related revenue in 2027 despite weakening real estate transactions, raising questions about the sustainability of its
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