Vietnam’s VN-Index closed up Tuesday, gaining points or .68 percent to finish the session at 1,269.98. Foreign traders, however, returned to net-selling after two days of net-buying. Foreign traders had net-sold stocks in excess of US$4.08 million by the time the markets closed. Foreign trader activity, last five trading days

Feb, Jan see abnormally high number of Vietnamese businesses close

the-shiv March 5, 2024

In the first two months of this year there were 41,100 enterprises newly registered or that went back into operation after a hiatus, in Vietnam, according to Doanh Nhan Vietnam. There were, however, 63,000 businesses that withdrew from the market at the same time–a net-closure of 21,900 businesses. This is

Black market US dollar prices in Vietnam highest ever

the-shiv March 5, 2024

On the black market in Vietnam the US dollar is fetching up to 25,600 Vietnamese dong, the highest price it has ever pulled, according to Tuoi Tre. Conversely, the State Bank of Vietnam’s (SBV) floating peg is currently sitting at 24,012 with official channels permitted to buy the dong for

Labour, electricity challenges weighing on Vietnam’s semiconductor ambitions

the-shiv March 5, 2024

AlJazeera is carrying an article covering Vietnam’s semiconductor ambitions that identifies a lack of skilled labour and power shortages as key barriers for the industry’s development. There is not a lot new here–these issues have been well documented. It is, however, well written and balanced with a few good quotes.