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Day: January 10, 2024
VN-Index closes up, foreign traders net-sell US$8.85 million, January 10
The VN-Index has finished up 2.95 points or .25 percent in Wednesday trade, bringing the index to 1,161.54 points. Foreign traders, however, are still exiting the market. A further US$8.85 million was net-withdrawn from the market in the day’s trade, bringing the total net-sold by foreign investors to US$41.9 million
Vietnam’s Economy, December 2023: Snapshot
December in Vietnam began with state media announcing the wave of lay-offs that had plagued the manufacturing sector in Ho Chi Minh City was drawing to an end. This conclusion was reached based on just 13,300 people registered to receive unemployment benefits in November, a drop of nearly 25 percent
Vietnam goods stopped at US border top US$220 million, suspected forced labour
A total of 1,197 shipments of goods from Vietnam into the US have been denied entry to the USA under the Uyghur Forced Labor Prevention Act (UFLPA), according to The Investor. The Vietnamese publication says this data covers June 2022 to November 2023. Of note, it has become common for
Vietnam’s economy likely to see 5.5 percent growth in 2024: World Bank
The World Bank is estimating Vietnam’s GDP growth will cap-out at 4.7 percent for 2023, with 5.5 percent growth expected in 2024 next year, according to the World Bank’s Global Economic Prospects–January 2024 report. This is slightly less than official data provided by Vietnam’s General Office of Statistics which estimated
Vietnam’s loan-deposit ratio reaches 104 percent
Deposits at Vietnamese banks hit US$554.53 billion at the end of 2023, VN Express is reporting. Also at the end of 2023, it was announced that credit growth had hit 13.7 percent making total credit to the economy at around US$555.07 billion. This puts Vietnam’s loan-deposit ratio at 104 percent.
Nestle to double processing capacity at southern Vietnam plant
Nestle intends to drop an additional US$100 million on its plant in Vietnam’s Tri An province to double its processing capacity, Vietnam News is reporting. The factory currently processes Vietnamese coffee for export to 29 countries. Notably Nestle is the biggest buyer of coffee in Vietnam, buying up around US$700
April 2025
Labour Market Report
Q1 2025
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