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January 3, 2024
VN-Index closes up, foreign traders net-sell US$8.4 million, January 3
The VN-Index finished Wednesday up 12.45 points or 1.10 percent, closing at 1,144.17. Foreign traders, however, net-sold to the tune of US$8.4 million. This was the second day in a row that foreign traders have net-exited the local bourse. Trading history, foreign investors, last five trading days Buy Sell Change
Economist warns lowering interest rates no ‘magic wand’ for Vietnam
“Monetary policy is not a magic wand and excessive money supply does not necessarily promote growth,” Assoc. Prof. Dr. Nguyen Huu Huan from the University of Economics Ho Chi Minh City has said in an op-ed for The Investor. This warning comes on the back of a supply-side push to
C.bank grants Vietnam’s banks 15 percent credit growth limit for 2024
The State Bank of Vietnam has set a 15 percent credit growth limit for Vietnam’s banks in 2024, Tuoi Tre is reporting. Note that this is higher than the usual 14 percent a year probably due to a failure to hit 14 percent in 2023. Credit growth mid-December was just
Fines up to US$4,000 for insurance firms that mislead customers on cards
A proposed decree from Vietnam’s Ministry of Finance could see life insurance providers that mislead customers fined up to US$4,000, Vietnam News is reporting. This comes on the back of reports throughout 2023 of banks misleading or coercing customers into purchasing insurance products in order to draw commissions from insurance
Vietnam’s 2023 exports largely powered by foreign firms
Almost three quarters of Vietnam’s exports are from foreign-invested enterprises, Vietnam Plus is reporting. In fact, US$259.95 billion (73.1 percent) of Vietnam’s exports were facilitated by foreign operators in 2023. The state media agency goes on to say foreign direct investment is ‘crucial’ to Vietnam’s economy. Note that, there have
In today’s Vietnam news: South Korea – Vietnam leaders meeting, Vietjet COMAC lease agreement, EVN FiT eligibility problems proposed resolution, FDI firms fined over
In today’s Vietnam news: Vietnam-flagged LPG tanker passes Hormuz Strait, To Lam in China, Coffee concerns dry weather in VN, Coal mining output increase
In today’s Vietnam news: SBV ready to intervene in Forex market, US firm approved for wind power site survey, SBV to push for lower
This is a short interview with Vicente Nguyen, Chief Investment Officer at Asia Frontier Capital, regarding the Middle East conflict and its impact on Vietnam’s economy.
In this interview, Michael Kokalari discusses how escalating tensions in the Middle East and disruptions in global energy flows could impact Vietnam’s economy, markets, and investment outlook.
This is an interview with Hugo Bosch, host of Ho Chi Minh Securities’ Emerging Asia Podcast, about the impact the conflict in the Middle East is having on Vietnam’s stock market.