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Day: December 29, 2023

Vietnamese spend US$1 billion in a month buying goods online

the-shiv December 29, 2023

Between the four major e-commerce platforms in Vietnam–Shopee, Lazada, TikTok Shop and Tiki–Vietnamese shoppers spent US$1.29 billion in November, Tuoi Tre is reporting. The publication cites an e-commerce report from YouNet ECI. Key points This was a 9.3 percent increase on October; Shopee accounted for 72.7 percent of sales; TikTok

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Vietnam records GDP growth of 5.05 percent, misses target

the-shiv December 29, 2023

Vietnam’s General Statistics Office has released its fourth quarter economic report which says GDP is likely to reach 5.05 percent this year. This is a scrape above the minimum 5 percent the government said would be likely back in October, but well below the 6.5 percent target set at the

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Launch of new Vietnam stock exchange trading system delayed

the-shiv December 29, 2023

The Ho Chi Minh City Stock Exchange’s (HoSE) new trading system, imported from Korea and dubbed the KRX, has missed its scheduled launch date of December 25, Vietnam News is reporting. Key points There has been no communication or updates from the HoSE; It could take weeks to start running;

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Vietnam PM says state bank needs to better control gold price

the-shiv December 29, 2023

The Prime Minister of Vietnam has requested the state bank intervene in the gold market after gold in Vietnam hit US$3,296 per tael or US$86.51 per gram, Reuters is reporting. The current world gold price is about US$66.45 per gram. The directive offers little detail other than to suggest the

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