March 7, 2024
VN-Index up, foreign traders net sell US$6.16 million, March 7
The VN-Index has closed up 5.73 points or .45 percent to finish Thursday at 1,268.46. Foreign traders continued to net-sell stocks. They reduced their holdings by a collective US$6.16 million. Foreign trader activity, last five trading days Buy Sell Change Date VND* US$ VND* US$ VND* US$ 1/3 2,509 $101,620,020
Foreign firms buy up Vietnam insurance businesses in wake of market turmoil
South Korea’s DB Insurance last month bought stakes in Vietnam National Aviation Insurance JSC (VNI) and Saigon – Hanoi Insurance (BSH) equivalent to about 75 percent of each of the firms’ listed shares, Vietnam News is reporting. It also points out that Finland’s Pyn Elite, through the course of last
Survey finds lack of capital preventing Vietnamese businesses from borrowing
A total of 41 percent of businesses in a Ho Chi Minh City Business Association–known by the acronym HUBA–survey said they could not borrow capital because they had no unmortgaged collateral left, VN Express is reporting. The association argues that valuations on agricultural land are low and that inflation is
Speculation, gold prices driving exchange rate fluctuations: Opinion
The General Director of WiGroup, Tran Ngoc Bau, in an opinion piece in Doanh Nhan Vietnam, has said that exchange rate fluctuations at the start of the year are broadly the result of speculation. He says that: Tran goes on to argue that intervention in the exchange rate is not
Vietnam Gold Trade Association offers input re: pending gold market reforms
Doanh Nhan Vietnam is carrying comments from Huynh Trung Khanh, Vice President of the Vietnam Gold Trade Association. Specifically, Huynh uses the platform to: Of note, gold prices in Vietnam are generally around 20 percent higher than they are in the rest of the world. This is the result of
Private security market in Vietnam to be worth US$1.29 billion by 2027
An Allied Market Research report has found that Vietnam’s private security market is set to record a compounded annual growth rate of 7.9 percent a year between 2020 and 2027 at which point it will be worth US$1.29 billion. The security sector in Vietnam employs a huge number of people.
Financial difficulties at two major gym chains raise questions about consumer spending and household finances in Vietnam. Meanwhile, a Chinese contractor joins Vingroup’s US$3.9
Vietnam’s central bank moves to rebuild foreign exchange reserves despite mounting inflation pressures, raising questions about the government’s economic strategy. Meanwhile, reports of Vingroup-linked
Vietnam’s government forecasts a 40 percent surge in property-related revenue in 2027 despite weakening real estate transactions, raising questions about the sustainability of its
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