June 17, 2024
Vietnam reservoir flood release indicative of reduced hydro, more coal power strategy?
This is interesting in that hydropower has been underutilised this year compared to last. Just 15 percent of Vietnam’s power came from hydro from January to April of this year, compared to 25 percent for the same period last year. At the same time it has been reported that about 64.6 percent of Vietnam’s electricity came from burning coal in April, whereas in 2023, on average, coal was responsible for just 46 percent of Vietnam’s electricity supply.
Vietnam PM suggests foreign workers for executive roles at state-owned enterprises
In the past the leaders of SOEs have always been members of the Communist Party of Vietnam which has significantly reduced the talent pool from which to draw–there are currently only a little over 5 million members of the party or around 5 percent of the population. This also leaves these positions open to being filled through political jostling and networking often connected to seniority and an individual’s position within the party more broadly, rather than merit and qualifications…
China’s BYD Vietnam market entry conspicuously coincides with EU, US EV import tariffs
This is in the context of antidumping tariffs on electric vehicles in the US and EU which may see China look for alternative markets for their vehicles. With a reasonably big population and rapidly rising incomes, not to mention being just a stone’s throw away, Vietnam is a prime choice…
Three Vietnam internet cables reported down days before possible Putin visit
This could not have come at a worse time. Not only is the National Assembly currently in session but there have been reports the Russian president, Vladimir Putin could be in Hanoi as soon as Wednesday. With the eyes of foreign governments and international media likely to fall on Hanoi in the event the Russian leader does make his way to Vietnam, demand for information out of the country is likely to be high.
Vietnam officially considering anti dumping tariffs on Chinese steel
If anti dumping duties are introduced Hoa Phat Steel, which trades on the Ho Chi Minh City Stock Exchange under the ticker HPG, would likely be one of the key beneficiaries. Stocks in the firm are some of the most heavily traded on a near daily basis among foreign investors. Foreign ownership in the firm is currently capped at 49 percent with 24.92 percent of the company’s shares currently held by foreign traders.
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