A different perspective on Vietnam’s economy and doing business in Vietnam. Make sure to subscribe.
Vietnam and the Middle Income Trap: Unpacked
Vietnam’s 8 Percent GDP Growth Target: Unpacked
Buy More, Sell Less: Tackling Vietnam’s Trade Surplus with the US
Is Vietnam the Next Asian Tiger Economy?
What Recent Traffic Reforms Say About Doing Business in Vietnam
Building An International Financial Centre in Vietnam: Unpacked
Vietnam’s Economy in 2024: A Brief Recap
What to Watch Now Google Has An Office in Vietnam
Does Vietnam Have a Private Consumption Problem Too?
The 8th Session of Vietnam’s National Assembly: Key Takeaways
Rethinking Financing Vietnam’s Clean Energy Transition
Vietnam’s New Social Media ID Regulations: Unpacked
How Well Prepared Is Vietnam for a Trump Presidency?
Temu in Vietnam: What’s Fair in Free Trade?
Media Relations in Vietnam: Lessons from VinFast
It’s Time to Talk About Vietnam’s Credit Growth Policy…
Vietnam’s Economy in Q3 Beyond GDP Growth: Unpacked
Paying For Vietnam’s High-Speed Rail: Unpacked
Day: May 15, 2024
Vietnam’s C.Bank manages to move 8,100 taels of gold at latest gold auction
This latest development is a vast improvement with a series of past gold auctions selling only a few thousand gold bars or being cancelled altogether due to lack of interest. The change of circumstances is likely due to changes to this gold auction that saw the minimum order significantly reduced.
Updated power pricing regulations in Vietnam officially kick-in today
Of note, in 2022 EVN reported a loss of US$1.5 billion with rises in fuel costs vastly outstripping the electricity retail price which is regulated. That said, Decision 24 issued back in 2017, the precursor to Decision 5, already had provisions for the electricity price to be adjusted annually, however, between 2019 and November 2023 no adjustment was made. It’s not clear why and in this context the frequency at which power prices are reviewed may not have been the crux of the problem.
Vietnam real estate market expecting boost from new Land Law
This may, however, be wishful thinking. It is already quite common for overseas Vietnamese to invest in real estate in Vietnam. Generally, if overseas Vietnamese cannot acquire property in their own name they will do so through a family member still living in the country. In this context, it’s not clear that when the new law comes into effect this part of it will make all that much of a difference.
Japanese investor reports big losses from Vietnam’s Nghi Son refinery
A Japanese investor in Vietnam’s Nghi Son refinery, Idemitsu, has said that it has booked a US$263 million provision for bad debt generated by the refinery in the financial year ended March 31. This is reportedly due to increased costs on the back of rising US interest rates. There is,
Vietnam creative industries dealt another blow with Cannes-slated movie banned
A Vietnamese film headed for Cannes has been denied a distribution licence by Vietnam’s Ministry of Communications on the grounds that it shows ‘a gloomy, deadlocked, and negative view’ of Vietnam, according to Screen Daily. This is another blow to Vietnam’s creative industries which are widely seen as underdeveloped, yet
Vietanm customs data for April sees export growth, trade surplus slip
Vietnam customs data released last week shows a slight downturn in exports in April, losing 7.7 percent over March. That said, exports were still up over the first four months of the year by 15.1 percent compared to 2023. Imports were also down 2.9 percent in April over March but