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Day: January 12, 2024
VN-Index drops, foreign traders net-buy US$700K, January 12
the-shiv January 12, 2024 9:24 pm
The VN-Index fell on the last trading day of the week by 7.54 points or 0.65 percent to finish the session at 1,154.70. Foreign traders net-bought US$700,000 worth of stocks after engaging in US$90.8 million in trade. Trading history, foreign investors, last five trading days Buy Sell Change Date VND*
Vietnam-Europe freight rates spike on Red Sea conflict
the-shiv January 12, 2024 2:54 pm
The price for shipping a forty-foot container from Ho Chi Minh City (HCMC) to Northern Europe has hit an average of US$3,700, 90 percent higher than in December of 2023, Tuoi Tre is reporting. This is as a result of conflict in the Red Sea which is seeing cargo ships
Summer power shortages likely for northern Vietnam this year, too
the-shiv January 12, 2024 1:49 pm
Vietnam’s Northern Power Service Company is predicting a shortfall in electricity over summer of 1,200 to 2,500 megawatts, DTI News is reporting. This is after power shortages in 2023 saw households and businesses without power for hours at a time including a number of big multinationals. It was estimated to
Vietnam car sales jump 20 percent year-on-year in December
the-shiv January 12, 2024 1:41 pm
In December 36,350 cars were sold by members of the Vietnam Automotive Manufacturers Association (VAMA), representing a 20 percent increase on December of 2022, Just Auto is reporting. The publication goes on to say that this is the first positive month in over a year. Of note, Vietnamese banks engaged
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