May 8, 2024
This estimate of Vietnam’s forex reserves spent on propping up dong
The State Bank of Vietnam has spent an estimated US$500 to 700 million of its foreign exchange reserves over the last few weeks in an attempt to prop up the dong, The Investor is reporting. This estimate came from WiResearch which also estimated Vietnam’s forex reserves to be at around
No new contagion risk in Vietnam from SBV support of distressed bank: Fitch Ratings
Reuters reported earlier this year that the State Bank of Vietnam–the SBV–had been injecting cash into Saigon Commercial Bank which was at the centre of Vietnam’s biggest bank fraud ever. This was to the tune of about US$24 billion. Fitch Ratings, however, has said that it is maintaining its current
Vietnam aviation regulator considering an investigation into airfare prices
The Civil Aviation Authority of Vietnam has reached out to consumers who believe they have been overcharged for airfares, VN Economy is reporting. Airfares are regulated in Vietnam with price caps over which ticket prices cannot go. It’s not clear if there has been a breach of these regulations but
This quote about Vietnam’s new stock trading system
Vietnam’s new KRX stock trading system which was slated to begin operating on May 2 but has been delayed, is not up to scratch according to sources quoted by The Investor. Of note, one ‘representative of… a securities company’ told the publication that: “The testing process still has many errors,
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