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October 2, 2024 news
Vietnam gold ring prices reach all-time highs despite C.bank intervention
The gold price in Vietnam is more often than not much higher than it is in the rest of the world. In fact, in 2023, at its peak, the price of a gold bar in Vietnam was around 20 percent higher owing to a number of factors including huge demand and limited supply, the latter due to regulations that restrict gold imports and exports and gold bar production.
VietinBank: Vietnam Stock Overview
Non-interest income fell by 12.6 percent to US$333.2 million, driven by a drop in bancassurance operations, in line with a broader decline in bancassurance revenue following negative publicity in 2023. In addition, securities trading revenue decreased 72.6 percent in contrast to the VN Index which increased by 10.2 percent and other financial institutions like MB Bank which had an eightfold increase in securities revenue year-over-year…
US announces preliminary subsidy rates on solar panels from Vietnam, others
This comes on the back of a series of trade remedies investigations into imports from Vietnam under suspicion that they are actually mostly made in China and simply shipped through Vietnam to avoid anti-dumping duties on Chinese imports…
Vietnam Mercedes-Benz plant lease extended after months of uncertainty
The joint venture between Mercedes-Benz and local firm SAMCO had requested an extension of its land lease as far back as 2021, however, the request was never actioned due to the aforementioned regulatory challenges (the can was kicked down the road). This came to a head earlier this year, however, when the company said it was considering shutting down its operations in Vietnam altogether as a result of the lolly-gagging…