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Key Challenges in Vietnam-US Trade Negotiations: Unpacked
Vietnam’s Private Sector Development Push: Unpacked
Vietnam’s Aviation Industry: State of Play 2025
Vietnam and the Middle Income Trap: Unpacked
Vietnam’s 8 Percent GDP Growth Target: Unpacked
Buy More, Sell Less: Tackling Vietnam’s Trade Surplus with the US
Is Vietnam the Next Asian Tiger Economy?
What Recent Traffic Reforms Say About Doing Business in Vietnam
Building An International Financial Centre in Vietnam: Unpacked
Vietnam’s Economy in 2024: A Brief Recap
What to Watch Now Google Has An Office in Vietnam
Does Vietnam Have a Private Consumption Problem Too?
The 8th Session of Vietnam’s National Assembly: Key Takeaways
Rethinking Financing Vietnam’s Clean Energy Transition
Vietnam’s New Social Media ID Regulations: Unpacked
Day: August 29, 2024
Vietnam News Roundup: August 23 to August 29
This week’s Vietnam news roundup covers foreign trader stock market activity, Vietnam’s plane shortage, the World Bank’s latest GDP forecast, the latest Mercedes-Benz factory licensing challenge update, VinPearl’s latest bond issuance in Singapore, and more…
TCL Smart TVs made in Vietnam caught up in US trade probe
TCL has had a presence in Vietnam since 1999. Its headquarters in the country are in Binh Duong, next door to Ho Chi Minh City, on which the firm has spent US$45 million and at which it employs 2000 staff. The facility is expected to make an estimated 6 million units this year most of which are destined for the US market. In this context, this trade investigation in the US could have a significant, adverse impact on Vietnam, depending on the outcome.
US announces September Vietnam trade mission to boost agricultural exports
Of note, the US was slated to benefit from a range of tariff reductions on agricultural goods in Vietnam as part of the Trans-Pacific Partnership agreement. It was, however, withdrawn by the Trump administration. This has put US agricultural producers on the back foot compared to other major agricultural producers like Australia and Canada in the Vietnam market…
Vietnam Stock Reviews: Gelex Group
In the first half of 2024, revenue and pre-tax profit experienced an increase of 3.8 percent and 74.4 percent compared to the previous year, respectively. The significant increase in pre-tax profit was partially attributed to the sale of majority stakes in three Gelex Group subsidiaries to Singapore’s Sembcorp. Of note, in August 2024, 300 million shares in Gelex Electric, a subsidiary of Gelex Group, were officially listed on the Ho Chi Minh Stock Exchange under the ticker GEE.
Vietnam rare-earths war heats up with Chinese SOE throwing hat in mix
Of note, the US Geological Survey’s Mineral Commodity Summaries 2024 estimated Vietnam’s rare earth reserves to be in the vicinity of 22 million tons. China, which has the largest reserves, for comparison, is estimated to have double that at 44 million tons, and Brazil which comes in third place has roughly 21 million tons…
Thai retail conglomerate sees uptick in Vietnam revenue in first half 2024
Of note, opening a retail store in Vietnam for foreign firms is not always easy. Not only are there a number of technical requirements that need to be met, but Vietnam has also developed its own retail store culture, putting its own twist on retail store shopping experiences…
Gambling ad sports broadcast embeds headache for Vietnam pay-TV providers
This comes after Pay-TV providers were warned earlier this year that showing gambling ads on television was prohibited. The association has instead recommended that the Ministry of Information and Communication focus on cracking down on, and blocking, illegal gambling website sites.
Vietnam Court releases impact assessment of 2014 Bankruptcy Law
For context, it is not unusual for Vietnamese firms in financial distress to try and hold out for as long as possible offloading assets and leaving bills unpaid for months at a time–note that a firm in Vietnam is not considered insolvent until its debts are more than 90 days past due. This can be off-putting for foreign firms doing business in Vietnam with respect to working with local firms–it increases risks and subsequently costs.