June 13, 2024
Vietnam car sales increase in May, but down year-to-date
Of note, an article in Business Forum Magazine has lamented that the bulk of this decline was in locally produced vehicles and suggests this might presage an even greater decline of the local car manufacturing industry. It points out that import tariffs have come down considerably on motor vehicles under the ASEAN Trade in Goods Agreement but are also declining as a result of the European-Vietnam Free Trade Agreement which should see tariffs on cars imported from Europe reduced to zero by 2030.
Claims Vietnam to allow gold imports later this year rebuffed
There was a similar situation last month whereby Reuters reported that the state power provider had asked a key Apple supplier to reduce its power consumption, however, the state power provider later came out and said this wasn’t accurate. It should be noted that government ministries and departments and state-owned enterprises generally do not respond to requests for comment from foreign media. With this in mind, a simple solution might be to reform this practice.
Vietnam bank lowers foreign ownership limit below Aussie bank’s current holding
It’s not clear what this might mean for Australia’s Commonwealth Bank nor why they bank made this decision. It could be to give local shareholders greater control over what the Commonwealth Bank does with its stake or could also be that the bank wants to diminish the influence of foreign banks on its local operations…
Vietnam port pushes back on allegations of pilfering from goods for export
The allegations now include 1.68 tons of coffee missing from a shipment to Egypt in January; four shipments of pepper to the Philippines, Korea, Thailand, and Japan from March that were each missing between 1.5 and 4.6 tons; and three pepper shipments to Malaysia and Norway between September last year and March this year that were each missing between 200 kilograms and 3.3 tons of product…
Vietnam aviation forum highlights outsized debate over rising local airfares
It’s not exactly clear why airline ticket prices have become such a huge focus in the local media and this could suggest that said coverage is slightly disproportionate to the problem it purports to cover. It’s also worth bearing in mind that the local aviation industry has been having a difficult time of late and this may be simply adding to its woes…
In today’s Vietnam news: More land for Trump golf course, Hanoi metro awarded Vingroup, Rising bank bond interest rates, GE contract stalled power plant
In today’s Vietnam news: MSCI market review, Russia’s Gazprom abandons LNG plant project, Horror movie making warning, Banking risk analysis, Denmark-VN ethanol cooperation, Work
In today’s Vietnam news: Thailand vs Vietnam tourism, India missile purchase final stages, Airport rail connections Long Thanh, BESS development Northern Vietnam, New US
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