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,

Made in Vietnam 2025: Major Brands and Key Goods

the-shiv January 15, 2024

Over the past two decades, generous tax incentives and an abundance of low-cost labour have made Vietnam a very attractive option for firms looking to diversify their manufacturing supply chains. This article looks at some of the many big brands and common goods that are now being made in Vietnam.

Survey finds outlook not bright for Vietnam businesses this year

the-shiv January 15, 2024

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

the-shiv January 15, 2024

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

the-shiv January 15, 2024

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

the-shiv January 15, 2024

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

the-shiv January 15, 2024

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