January 15, 2024
VN-Index closes down, foreign traders net-sell US$2.2 million, January 15
The first day of the trading week has ended with the VN-Index losing .58 points or .05 percent to close at 1,154.12. Foreign traders started the week net-selling but only marginally–just US$2.2 million–this was on the back of relatively low trading activity in terms of value. Trading history, foreign investors,
Survey finds outlook not bright for Vietnam businesses this year
Almost 73 percent of businesses in Vietnam intend to scale-down, temporarily suspend operations, or shut-up shop altogether in 2024, according to a survey conducted by the Private Economic Development Research Board (Division IV) and VN Express. Pulled from the responses of 2,700 Vietnamese businesses, the survey also found that of
Vietnam lottery revenue hits highest point ever
Vietnamese lottery firms recorded revenue of US$1.87 billion in 2023 up from US$1.4 billion in 2022, Zing News is reporting. There is no analysis provided, however, this is not necessarily a good thing. It is common for spikes in lottery ticket sales to coincide with periods of economic uncertainty as
Nearly three million small businesses selling goods on TikTok in Vietnam
As of the end of November 2023, there were 2.8 million micro and small-t-medium sized businesses flogging their wares on TikTok, Tuoi Tre is reporting. The most common goods being sold were clothes, homewares, health and personal care products, electronics, and cosmetics. This is worth noting for foreign firms looking
Retail credit in Vietnam is reportedly on the decline
Vietcombank Securities Company (VCBS) has released a report in which it found the share of retail loans of total credit in Vietnam had fallen from 47 percent in 2022 to 46 percent at the end of November, Vietnam Plus is reporting. Of note, the situation has changed dramatically since this
Vietnam banks continue to cut deposit interest rates
Interest rates on deposits at Vietcombank, one of Vietnam’s biggest banks, have been cut to as low as 1.7 percent on some accounts, Vietnam Plus is reporting. This is on the back of lower demand for loans. Of note, however, is that this comes after Vietnamese banks issued an average
In today’s Vietnam news: Fund outflows May, New HCMC airport trial operations to begin September, M&A HCMC 2026, Compensation for gas-to-electric bike switch Hanoi,
In today’s Vietnam news: Vietnam gene company planned Hong Kong IPO, Samsung signs DPPA, Oil delivery from Iraq, Bio-fuel mandate roll-out reaction, Stock market
In today’s Vietnam news: Third USTR 301 investigation, Commentary USTR “priority” IP designation, Arbitration rules upgrade, Living costs for younger workers, Shopee delays fee
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