December 27, 2023
VN-Index closes down, foreign traders net-buy US$4.7 million, December 27
The VN-Index has closed down .26 points or .02 percent to finish the day at 1,121.99. There was, however, a welcome 360 by foreign traders who net-bought into the market to the tune of US$4.7 million. This was after 20 consecutive trading sessions in which the net-sold a total of
Vietnam issues draft decree re: global minimum tax support fund
Vietnam’s Ministry of Planning and Investment has released a draft decree outlining the establishment of a support fund to compensate foreign firms subjected to the Global Minimum Tax initiative, The Investor is reporting. Key points The fund will support businesses making high-tech goods or applying advanced technology in their operations
Lack of liquidity on HoSE turning-off investors: State media
A low level of liquidity on the Ho Chi Minh City Stock Exchange (HoSE) is making investors “increasingly concerned and hesitant in making investment decisions”, Vietnam News is reporting. Key points; Average total value of trades made in a day is at VND 13 trillion (US$533 million); This is down
Vietnam expecting bad debt surge mid-2024 on change to debt-restructuring regs
Vietnam’s banks are expecting a surge of bad debts when a moratorium on outstanding debt comes to an end in June of next year, Vietnam News is reporting. Key points: Bad debt at the end of Q3 2023 was 196.75 trillion (US$81 billion) up 61 per cent compared to Q2;
Vietnam PM laments foreign content dominating local film, television
The Prime Minister of Vietnam, Pham Minh Chinh, told a conference last week it was ‘gut-wrenching seeing foreign films on TV every time I turn it on’, VN Express is reporting. The PM said 70 percent of films on TV and at the movies are foreign (no primary source cited);
Vietnam tourism sector hits targets, but still trailing regional peers
Vietnam has received 12.5 million international tourists this year, reaching a target set by the government at the start of the year, but well below pre-COVID levels, VN Express is reporting. Key points The tourism sector recorded revenue of VND 672 trillion (US$27.6 billion); The sector has recovered to 44
Draft decree on Vietnam rooftop solar removes feed-in-tariffs altogether
A dossier proposing a decree on rooftop solar power development, put forward by Vietnam’s Ministry of Industry and Trade, has suggested removing feed-in-tariffs for excess power fed into the national grid, Vietnam Net is reporting. Key points: MoIT says this is because there is no legal framework for selling excess
In today’s Vietnam news: Accor-Sun Group agreement, US largest ethanol supplier, Demographic dividend to end 3 years early, Maritime economy development, ACV looking to
In today’s Vietnam news: Vietnam Airlines trading restrictions removed, Insurance payouts VSS, Car sales June, 23+ years prison term recommended counterfeit supplements, Counterfeit shoes
In today’s Vietnam news: Government to inject cash into Agribank, IMF growth forecast raised, German industrial gas plant investment, VN garment maker Amazon legal
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