May 24, 2024
Vietnam News Roundup: May 17 to May 23
This week’s Vietnam news roundup covers the latest news on Vietnam’s foreign reserves, updates on VinFast’s mounting troubles in the US, conflicting claims over electricity conservation, the USDA trade mission to Vientam, bad debts, open market operations, and more.
Vietnam rare earth mine owner seeks partner for mine exploitation and more
The company, Lavreco, which is a subsidiary of Vinacomin-Minerals Holding Corporation which is part of state-owned miner Vinacomin, has had the licence on the mine for over ten years but progress has been slow. Of note, the company recorded revenue of just US$9,800 in 2022…
Unpaid taxes blamed on late payment from Electricity Vietnam
EVN was selling electricity at a loss for most of last year and 2022 and the start of this year too. This saw the state-owned enterprise accumulate losses of over US$1.5 billion. It has never been made clear how these losses have been covered but, in light of these claims, it could very well be that power producers may be footing the bill.
Interest rate hike speculation in Vietnam heats up
Whereas the bank has been spending its US dollar reserves in an attempt to keep the dong from devaluing too much, the reality is that it has already spent a lot–about US$2.95 billion according to ACB data and this has done little to weaken US dollar demand. With this in mind, an interest rate hike could be on the horizon.
In today’s Vietnam news: Foxconn expansion, No GMT for BOT projects proposed, Land prices falling, Cassava chip export restrictions proposed, Diamond trade as conditional
In today’s Vietnam news: VAT cut extension proposal, FDI recorded Jan – July, Bamboo Airways adds flights, Carbon market stalls, HCMC data centre capacity,
In today’s Vietnam news: PMI increases, Seafood export concerns US tariffs, SBV preferential loans for SMEs program, Credit growth reaches 8.38 percent, PM pushes
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