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Day: January 2, 2024

Electricity in Vietnam still being sold below cost price

Electricity Vietnam (EVN) has said it expects to record a pre-tax loss of about US$698.6 million in 2023, VN Express is reporting. The size of this loss has been attributed to the state electricity provider continuing to sell electricity at below cost price. Key points It currently costs EVN 2,092.78

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Vietnam stock exchange VN-Index finishes 2022 up 12 percent

Vietnam’s VN-Index, a basket of 30 stocks listed on the Ho Chi Minh Stock Exchange, finished 2023 up 12 percent over 2022, Tuoi Tre is reporting. It also says that total market capitalization hit US$246.6 billion. Note that though the index increased overall, foreign traders withdrew from the market to

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Vietnam C.bank to increase gold supply on back of record prices

The State Bank of Vietnam intends to increase the gold supply after being directed by the Prime Minister to stabilise the gold price after it reached record highs last week, Tuoi Tre is reporting. Specifically, gold reached US$86.51 a gram in Vietnam about 20 percent higher than the world gold

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How to Start a Business in Vietnam 2025 [US Firms]

Vietnam is an attractive destination for US firms due to its rapid economic growth, strategic location, and business-friendly reforms. The country’s membership in multiple free trade agreements and its role in global supply chains offer opportunities across sectors like manufacturing, technology, agriculture, and services. However, successfully entering the Vietnamese market requires understanding local regulations, investment policies, and cultural nuances…
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