September 26, 2024
Vietnam tourist arrivals increase 24.45 percent July over August
Vietnam’s tourism industry welcomed 1.43 million tourist arrivals in August, an increase over July of 24.45 percent. The biggest growth was seen in visitors from Asia which were up 26.77 percent with 248,606 more Asian visitors in August than in July. Visitors from Europe also saw a significant boost of about 44.64 percent, however, notably this was from a low base. In real numbers visitors from Europe reached 149,102, up from 103,084 in July.
Indonesia officially applies to join Vietnam, others in CPTPP
Of note, the Indonesian and Vietnamese economies are relatively similar. They are both export oriented and have developed quickly by providing abundant low-cost abundant labour to global manufacturing. As such, the two countries often compete for foreign direct investment projects. In this context, Indonesia’s ascension to the agreement could chip away at Vietnam’s edge over its neighbour to the south.
Lack of bilingual reports ‘major barrier’ for foreign investors in Vietnam: HDCapital Exec.
Of note, Vietnam is currently courting an upgrade from FTSE Russell and MSCI from a frontier market to a secondary emerging market and an emerging market, respectively. One issue raised has been disclosure standards…
Vietnam garment and textile exports up 9.1 percent in value August over July
Vietnam’s garment and textile exports climbed by 9.1 percent in August over July from US$3.7 billion to US$4.1 billion. Vietnam’s garment and textile exports for the year now stand at US$24.4 billion which represents an increase of 8.1 percent over the same period last year.
BIDV (banking): Vietnam Stock Overview
In the first half of 2024, BIDV achieved improved performance, with total operating income and net profit rising by 8.3 percent and 12.1 percent year-over-year respectively. This growth was primarily driven by a significant increase in corporate loans for commercial production and mortgage loans, as well as gains in trading and forex-related income.
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