Author: the-shiv
Vietnam’s coal and lignite production sees mixed results in October
When measured against October 2023, the sector’s production has dipped by 7.7 percent, continuing a downward trend that highlights the industry’s ongoing challenges…
US protectionism growing concern in Vietnam after Trump election
A possible jump in tariffs on Vietnamese goods after Donald Trump won the US presidential election yesterday is a key concerns among businesses in Vietnam, according to analysis from Tuoi Tre. The publication cites Trinh Viet Hoang Minh from ACBS Securities as suggesting Vietnam’s steel industry may face problems as Trump pursues protectionist measures on behalf of the US steel industry…
HCMC public assets leased without auction draw attention of City Inspectorate
A Ho Chi Minh City Inspectorate investigation has found that a number of prime pieces of real estate in the city that were owned by the state were leased without an auction, breaching public asset management regulations…
Ho Chi Minh City apartment supply 90 percent high-end, luxury segment
The publication goes on to lament the lack of affordable housing which has become a recurring theme in local media as the housing market thaws but not for everyday Vietnamese…
Vietnam’s wood and bamboo production sees mixed performance in September
Sawing, planing, and preserving wood experienced a decrease in output, with a 3.4 percent drop compared to August 2024 and a 1.5 percent decline year-on-year. Despite these recent declines, the sector has showed resilience year-to-date, recording a 6.3 percent increase over the first nine months of 2024 compared to the same period in 2023…
Vietnam’s housing and construction material prices show mixed trends in 2024
Vietnam’s Consumer Price Index–CPI–data for September 2024 showed a steady increase in housing and construction material prices of 4.37 compared to September 2023. Prices were also up 3.59 percent over December of last year…
Pre-funding gone for some foreign stock traders in Vietnam, as new circular kicks-in
Tuoi Tre is covering the expectations of market watchers that this will give the market a welcome boost, Dau Tu Online on the other hand is suggesting that local securities firms with large cash buffers stand to benefit most, and VN Economy, conversely, has pointed out that after coming into effect there have still been large net cash outflows from the market from foreign investors.
Vietnam state power provider moves two-tier electricity pricing strategy forward
This policy looks to be a response by the state power provider to try and increase revenue without increasing electricity prices. This comes after the state power provider ran up huge losses over the past two years by selling electricity below cost price…
Vietnam domestic gold prices fall despite reports of shortages
This scenario is not particularly new with challenges in the gold market ongoing since the beginning of the year. That said, it is worth keeping an eye on in that currently the gold supply is being fed by the State Bank from its reserves. These are, however, limited and will either need to be replenished or will run out, either way there will likely be significant ramifications for Vietnam’s economy….
Delayed Vietnam hospital construction draws ire of Vietnam General Secretary
Construction work on the new branches of Bach Mai Hospital and Viet Duc Hospital kicked-off in 2014 with the examination areas at both hospitals inaugurated in 2018. Since then, however, only one facility was used for a year and the other has not accepted patients at all…
Vietnam finance ministry proposes extending cut to green tax on fuel
Of note, Vietnam was ranked 180 out of 180 countries in Yale University’s Environmental Performance Index 2024 back in August. Vietnam scored 24.5 points out of 100 with Estonia taking out first place with a score of 75.3.
Vietnam education ministry looks for support tackling corruption in textbooks
This stems from reports back in September that the head of Vietnam’s Education Publishing House which handles the production and distribution of textbooks was taking kickback from paper suppliers…
Vietnam electronics imports take a dip month on month in September
China remains Vietnam’s largest source of electronics, with imports valued at US$3.11 billion in September. However, this represents a 5.28 percent drop from August, reflecting a possible shift or seasonal adjustment in import volumes…
Vietnam’s aquatic products processing climbs 3.6 percent in September
The year-over-year figures also show strong growth–compared to September 2023, production has surged by 19.7 percent, indicating rising domestic consumption and robust export demand for Vietnam’s processed seafood.
Vietnam electronics production increases 6.8 percent September over August
Electronic components manufacturing, specifically, experienced a 2.7 percent month-on-month increase and a significant 12.4 percent jump year-over-year, with a robust 10.5 percent growth year-to-date…
Vietnam seafood imports fall 18 percent September over August
Of note, Indonesia was Vietnam’s largest supplier in September, with imports amounting to US$30.72 million, a 15.56 percent increase from August. The YTD total is US$218.91 million.
Thai petrochemical complex in Vietnam to halt operations on market downturn
This development is made all the more pertinent in that it has cost a reported US$5 billion. Although notably its construction has run well behind schedule. Notably it was reported it was “ready to roll” back in August of 2022, however, this never materialised…
South Korea’s SK Group no longer major stakeholder in Vietnam’s Masan
Of note, in 2018, SK group bought 109.9 million shares in Masan Group for VND 100,000 or US$4.29 per share for a total of just over US$470 million. When it announced that it would be divesting, shares in Masan, which trades under the ticker MSN, were trading at about VND 76,200 or US$2.99 valuing the company’s holding at about US$328.6 million…
Vietnam Purchasing Managers’ Index jumps in October
The S&P Global Vietnam Manufacturing Purchasing Managers’ Index reached 51.2 in October up from 47.3 in September, according to a press release from S&P. Above the 50 point break-even mark, this would indicate the manufacturing industry is expanding once more after a sharp fall in September…
Vietnam coal imports see big fall in September
Of note, Indonesia and Australia were the primary coal suppliers. Imports from Indonesia rose 21.79 percent in volume to 1,843,809 tons, with a value increase of 12.22 percent to US$150.73 million. However, imports from Australia sharply declined by 48.78 percent to 968,088 tons in September, with a value drop of 52.47 percent.
In today’s Vietnam news: Ethical / cultural business standards framework, Floating solar project, Embattled construction firm investment spinoff, Raising public debt ceiling, Selling excess
In today’s Vietnam news: GS TL on AI, Saigon Economic Times last issue, Fuel prices cut, Vinhomes issuing more bonds, Counterfeit Korean cosmetics store,
In today’s Vietnam news: Power supply imports, Hanoi boulevard project protests, Antidumping duties coming for boxes, Maersk container terminal project Hanoi, Vinpearl foreign investment,
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