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Day: October 1, 2024

Vietnam’s Economy: Everything You Need to Know 2024

the-shiv October 1, 2024

Vietnam’s economy has emerged as one of Southeast Asia’s fastest-growing and most dynamic markets, attracting significant global attention. With a population of over 100 million, a strategic location in the Asia-Pacific region, and a rapidly industrialising economy, Vietnam has become a manufacturing and export powerhouse.

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Vietnam Trade: Everything You Need to Know 2024

the-shiv October 1, 2024

Vietnam has established itself as a key player in global trade, thanks to its strategic location, favourable trade agreements, and robust manufacturing sector. In 2024, Vietnam continues to leverage its open economy, with exports playing a crucial role in driving growth. The country is well-integrated into the global supply chain, exporting a diverse range of goods including electronics, textiles, machinery, and agricultural products. 

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Vietnam Purchasing Managers Index records 5.1 point fall in September

the-shiv October 1, 2024

The S&P Global Vietnam Purchasing Managers’ Index has recorded a 5.1 point fall in September, from 52.4 in August to 47.3 a month later, according to a press release from the firm. This moved the index below the 50-point break even mark which means that Vietnam’s manufacturing industry, according to the index, contracted in September.

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Should Vietnam Be Worried About Indonesia Joining the CPTPP?

the-shiv October 1, 2024

Last week, Indonesia officially applied to join the Comprehensive and Progressive Trans-Pacific Partnership free trade agreement. Whereas the benefits to Indonesia are clear, for Vietnam, a founding member of the agreement, it could be problematic. This article looks at the risks and opportunities for Vietnam if Indonesia’s accession is approved…

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Military Commercial Bank: Vietnam Stock Overview

the-shiv October 1, 2024

MBB’s total operating income increased by 11.3 percent year over year in the first half of 2024 with the banking industry benefiting from a more stable macroeconomic environment than in 2023 and a rebound in credit demand. Net interest income, however, increased by only 1 percent…

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Buy Now Pay Later service debuts on petrol station app in Vietnam

the-shiv October 1, 2024

Of note, the Buy Now, Pay Later–BNPLY–market is projected to grow at a compound annual growth rate of 29.2 percent from 2024 to 2029, according to a report from Markets and Research. The gross merchandise value of buy now pay later in Vietnam is expected to rise from US$1.32 billion in 2023 to US$6.89 billion by 2029…

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Vietnam securities firms hit deadline with thousands of trader IDs unverified

the-shiv October 1, 2024

There were around 8 million active trading accounts last count but these are clearly not all being used. In October last year, MB Securities closed over half a million accounts that had been opened with the firm but had never recorded a transaction. This is just one of around 20 to 30 brokerages in Vietnam too, and in this context, this ID requirement may see many more accounts closed…

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