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Day: September 23, 2024

Vietnam’s Law on Securities: Overview 2024

The Law on Securities defines the scope and application of regulations governing the issuance, trading, investment, and provision of securities services in Vietnam. It applies to Vietnam’s securities industry, to both domestic and foreign entities, including public companies, securities firms, and investors operating in the Vietnamese market.

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Vietnam cosmetics imports down 11.2 percent August over July

Vietnam’s imports of essential oils and resinoids, perfumes, cosmetics, and toilet preparations climbed by 11.2 percent in August over July from US$119.7 million to US$133.1 million. Vietnam’s cosmetics imports for the year now stand at US$932 million which represents an increase of 16.7 percent over the same period last year.

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Credit growth in Vietnam hovering at 7.26 percent

Of note, it’s not clear that all of the credit entering the Vietnam economy is good. Notably, bad debts are rising among Vietnam’s banks with one analysis of 29 of Vietnam’s biggest banks earlier this year, finding that 27 had recorded an increase in bad debt by the end of June. Between them there was VND 46,719 billion or US$1.86 billion in bad debts, an increase of 20.8 percent compared to the end of 2023.

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US$260 million Chinese circuit board factory slated for northern Vietnam

Over the past decade, Vietnam has attracted significant investments from global electronics giants such as Samsung, LG, and Intel, which have established large production facilities here. They have also helped to develop Vietnam’s electronics manufacturing industry which, in turn, is now attracting even greater investment, the aforementioned circuit board factory, for example…

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Vietnam launches strategy for semiconductor industry development

Of note, Vietnam has been pursuing a greater role in semiconductor supply chains for sometime. However, it’s never been made clear exactly what a win would be in terms of Vietnam’s role in semiconductor manufacturing… It does, however, already have a place at the end of semiconductor supply chains in assembly, testing, and packaging. Low-value work to be sure but it does give Vietnam a foot in the door. Whether it can leverage this to move its way up semiconductor supply chains remains to be seen.

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