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Day: August 14, 2024

Technology in Vietnam: Sector Overview 2024

the-shiv August 14, 2024

Vietnam is experiencing a technological revolution. Once primarily known for its manufacturing sector, the country is rapidly transforming into a tech hub. A young, digitally savvy population, combined with supportive government policies, has created a fertile ground for innovation. This burgeoning tech ecosystem is driving economic growth and societal change.

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Vietnam Seafood Processing: Industry Overview 2024

the-shiv August 14, 2024

Vietnam is a major exporter of seafood products, with the US, China, Japan, and South Korea as primary markets. The industry offers a vast array of seafood, from shrimp and catfish to tuna and squid. Aquaculture has grown in importance, substantially contributing to overall seafood production. Employing millions, primarily women, the industry significantly impacts the socioeconomic landscape.

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Two Vietnam stocks in, two out in frontier markets index review

the-shiv August 14, 2024

MSCI has removed Vietnam’s EVN Finance and Petrovietnam Nhon Trach shares from its Frontier Markets Index as part of its August Index Review. On the flip side, it has added Vietnam’s Binh Duong Water and Nam A Bank to the index. Of note, Vietnam’s stock market indexes have been in the news a lot lately as the country pushes for an upgrade from a frontier to an emerging market. There are, however, a number of obstacles still standing in the local bourse’s path before an upgrade can be made.

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Vietnam Stock Review: Nam Viet Corporation (seafood)

Huong Nguyen August 14, 2024

Vietnamese pangasius exports reached US$2.4 billion in 2022, a 52 percent increase compared to 2021. Expanded export markets and increased consumption in major regions like China and Hong Kong contributed to this growth. As a result, the company’s stock price tripled between May 2021 and June 2022. However, the pangasius industry faced a significant downturn in 2023 shrinking by 24 percent…

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First half manufacturing jobs jump 10 percent over 2023: Adecco

the-shiv August 14, 2024

Manufacturing over the last few months has rebounded significantly compared to 2023. Of note, S&P Global’s Vietnam Purchasing Managers’ Index jumped to 54.7 up from 50.3 a month earlier. This was on the back of a sharp rise in new orders that S&P says experienced the highest growth since the index began, aside from the very first month it went online. This continued into July with the index holding at 54.7 percent.

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