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February 26, 2024 news
VN-Index up, foreign traders net-buy US$1.3 million, February 26
The VN-Index has started the week with a 12.17 point or 1 percent gain to finish the day at 1,224.17 points. Foreign traders returned to net-buying after a huge sell-off Friday, though only marginally, net-buying US$1.3 million worth of stock. Trading history, foreign investors, last five trading days Buy Sell
Snapshot: Manufacturing in Vietnam, January 2024
Each month the-shiv provides a snapshot of the manufacturing sector in Vietnam covering the latest developments, key performance indicators, and government data. January overview The year 2023 was the most difficult year in 30 years for the textile and garment industry in 30 years, Le Tien Truong, vice chairman of
Vietnam’s Stock Market, January 2024: Snapshot
January was a good month for Vietnam’s key stock market, the Ho Chi Minh City Stock Exchange. The key domestic index, the VN-index, rose by more than 30 points and foreign-traders net bought into the market to the tune of just over US$7 million. On the latter point, though a
This breakdown of the tax incentives Vinfast is receiving in North Carolina
The News and Observer is carrying a breakdown of the tax incentives Vietnam’s Vinfast is receiving with regard to the factory it is building in North Carolina. Essentially, there are a combined US$1.25 billion in incentives on offer for Vinfast under the understanding that the firm will create 7,500 jobs
Hanoi airport reaches 38,000 arrivals a day, exceeds capacity
In the week following the Lunar New Year, Hanoi’s Noi Bai International Airport, was welcoming up to 38,000 international arrivals a day, VN Express is reporting. This puts the airport well over its capacity of 10 million arrivals a year or around 27,000 passengers a day. Ho Chi Minh City’s
Article on developing Vietnam’s cultural industries missing key point
Vietnamnet is carrying an article that discusses how Vietnam can develop its cultural industries. It notes that cultural industries generate up to 10 percent of global GDP, however, in 2021, Vietnam’s cultural industries accounted for 3.61 percent of the country’s GDP. The publication carries comments from Nguyen Phuong Hoa, head
Vinfast leveraging new factory promises to gain import tax breaks?
Vietnam’s electric car maker Vinfast has announced that it has broken ground on a new factory in India’s Tamil Nadu. At the same time it has asked India for import tax breaks on ready-made electric vehicles from its factory in Vietnam, Reuters is reporting. Vinfast has made a number of