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Day: September 5, 2024
Vietnam News Roundup: August 30 to September 5
This week’s Vietnam news roundup covers foreign trader stock market activity, a cut to production for Japanese solar panels made in Vietnam, a ‘stunning victory’ over a pirate film site in Hanoi, a widening gap in deposits taken and loans issued at Vietnam banks, a new coal-fired power plant set to start a trial run next month, and more…
Vietnam Stock Reviews: Vietnam Rubber Group
GVR has earmarked industrial parks as a future growth driver as opposed to rubber. As the largest natural rubber producer in Vietnam, GVR owns 373,182 hectares of land in Vietnam and. In late 2023, the company received the Prime Minister’s approval for the conversion of nearly 25,000 hectares of this land to industrial parks…
Vietnam data centre for hire market to reach US$235 million: Arizton
Of note, Vietnam’s data centre development was given a significant boost last year when a revised Law on Telecommunications was approved. This law effectively opened the market for data centre development to foreign investment by allowing for full foreign ownership of data centres, cloud computing services, and telecommunications OTT services…
Gap between Vietnam bank deposits and loans issued gets wider
This could be symptomatic of a much bigger problem in that banks are being pressured to lend in order to meet a 14 percent credit growth target set at the beginning of the year which may be contributing to rising bad debts…
Indonesian ride-hailing app GoJek to withdraw from Vietnam market
Of note, it is not the first ride-hailing app to withdraw from the country. South Korea’s Baemin announced it would cease operations in the country back at the end of last year and Uber left Vietnam back in 2018 after selling its Southeast Asian operations to Grab…
Q2 2025