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
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