June 4, 2024
Vietnam’s new gold price strategy sparks rush to buy cheap gold
Previously, the State Bank had tried to auction off its gold to several gold companies and financial institutions but the price was set relatively high and interest from these institutions was lacklustre at best. Of note, a number of gold shops ran out of gold bars yesterday, some reportedly in just one hour. With little utility in general, and even less for consumers, it looks very much like these gold purchases are for investment purposes.
Vietnam’s Purchasing Managers’ Index flat in May
Overall a relatively positive month for Vietnam’s manufacturing sector and the maintained growth trajectory, however small, is still consistent and may suggest a more stable sector than has been seen over the last year or so.
Hitachi is suing in Vietnam over Ho Chi Minh City metro delays
Issues with site clearance and delayed payments to contractors have caused repeated delays to the metro project which was originally scheduled to start operating in 2018. This is common among infrastructure projects in Vietnam and is in large part caused by a significant mismatch in the value of land versus what is offered to landowners. This stems from land price regulations which sees the central base price from which local land prices are calculated adjusted only once every five years…
In today’s Vietnam news: Vietnam Airlines trading restrictions removed, Insurance payouts VSS, Car sales June, 23+ years prison term recommended counterfeit supplements, Counterfeit shoes
In today’s Vietnam news: Government to inject cash into Agribank, IMF growth forecast raised, German industrial gas plant investment, VN garment maker Amazon legal
In today’s Vietnam news: Construction labour demand impacting garment industry, ADB growth forecasts, Bloomberg survey GDP growth expectations, Starlink orders open, Seafood industry call
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