The VN-Index fell marginally Tuesday losing 1.6 points or 0.14 percent to close at 1,158.59. Foreign traders also continued to divest from the market. They net-sold US$4.8 million worth of stocks bringing the total net-sold by foreign traders in the last five trading sessions to US$41.8 million. Trading history, foreign

Vietnam’s market economy status push receives push-back in US

the-shiv January 9, 2024

An opinion piece in the Washington Times has suggested the redesignation of Vietnam as a market-economy from a non-market economy by the US Department of Commerce would be a ‘huge mistake’ for US stakeholders. The article is penned by Michael Stumo the CEO of the Coalition for a Prosperous America,

High production costs are holding Vietnam’s economy back: state media

the-shiv January 9, 2024

Many businesses have had to downsize and many others have been forced to shut down altogether, partly due to high production costs, according to Vietnamnet. In particular the publication notes that: Capital costs are higher in Vietnam on the back of bigger risks; Transport infrastructure is haphazard and missing crucial

Vietnam’s garment and textile sector to have ‘difficult’ 2024

the-shiv January 9, 2024

The year 2023, was the most difficult year in 30 years for the textile and garment industry in 30 years, according to Le Tien Truong, vice chairman of the Vietnam National Textile and Garment Group, and reported by Vietnam News. Key takeaways Garment and textile turnover dropped by 10 percent