Author: the-shiv
Vietnam’s PM asks Japan for ODA support for North-South railway
This comes after the Ministry of Transport announced that it intended to avoid foreign loans to pay for the project in favour of utilising domestic finances…
Vietnam International Bank: Vietnam Stock Overview
In the first half of 2024, VIB’s total operating income rose by 0.6 percent year-over-year to reach US$417 million, while profit before tax dropped by 18.4 percent to US$185.4 million…
Vietnam growth risks ‘tilted toward the downside’: AMRO
Risks to growth are tilted towards the downside due to weaker-than-expected consumer demand in the U.S., a sharp growth slowdown in Europe, and slower growth in China among several other challenges, according to the ASEAN+3 Macroeconomic Research Office.
Vietnam stock market holds steady on FTSE upgrade watchlist, October review
FTSE Russell notes that reforms have been made with respect to removing pre-funding requirements for foreign investors per a circular issued by the Ministry of Finance back in September, but goes on to say that Vietnam still needs to reform its registration process for new accounts and to come up with a way for foreign investors to more efficiently trade stocks when foreign ownership ratios are nearing their limits.
Russia’s Rosatom looking to extend Vietnam energy footprint with wind power
This is inline with Russia looking to expand on its existing relationship with Vietnam in the context of limited foreign investment options as a result of sanctions applied to the country in most developed markets over the war in Ukraine…
Vietnam corporate bond issuances halve month-on-month in September
Vietnam’s corporate bond market saw 25 bond issuances–24 private and 1 public–worth a collective VND 23,800 billion, US$958 million, in September, according to data from the Vietnam Bond Market Association. This was a sizable fall compared to August…
Trump Organisation signs MOU on golf course, hotel development in Vietnam
The Trump Organisation and Vietnam’s Hung Yen Investment Group which is owned by Vietnam developer Kinhbac, have signed a memorandum of understanding with respect to developing a golf course and hotel complex in Vietnam’s Hung Yen province. Kinh Bac, in a press release, has said the total investment will be in the vicinity of US$1.5 billion. Of note, it’s not clear that any of these funds will come from the Trump Organisation. The press release specifically states that it will be developed by a ‘consortium of investors selected by the Trump Organization’.
Vietnam risking “one-way connector” role in global trade: World Bank
“Countries like Vietnam have benefited from “connecting” major trading partners as global tensions rose, but the scope for playing such a role may be shrinking,” according to the World Bank.
Vietnam National Petroleum Group: Vietnam Stock Overview
Recent growth has been fueled by stable petroleum business operations and a 0.6 percent increase in PLX’s output compared to 2023. Additionally, PLX opened 60 new fuel stations during the first seven months of the year…
EVN Reports 10.9 percent increase in power output from January to September 2024
The bulk of this power has been produced by burning coal which accounted for 49.6 percent of Vietnam’s electricity supply in the third quarter of the year, though notably this was down from about 57 percent in the first half of the year…
‘Destination Vietnam’ campaign kicks into gear with Directors Guild of America event
Of note, however, is that the business environment in Vietnam has changed significantly in terms of regulatory oversight and censorship, both of which have proven key obstacles for foreign studios looking to make films in Vietnam…
German fitness chain Fit24 halts operations in Vietnam, reasons unclear
Of note, Opening a gym in Vietnam for foreign firms or individuals, however, is not always easy. Not only are there several technical and licensing requirements that need to be met, but Vietnam has also developed its own very distinct gym culture. This can take a little getting used to and may make penetrating Vietnam’s gym-going consumer class challenging…
Vietnam’s floriculture market set to reach US$3.4 billion by 2032
The sector’s growth can be attributed to increasing demand for flowers and ornamental plants, both domestically and internationally. Vietnam’s floriculture industry has gained recognition for its diverse range of high-quality flowers, with expanding export opportunities and rising consumer interest in ornamental plants driving further development.
Top 10 Vietnam securities firms gain 2.67 percent market share Q3 2024
The biggest improvement belonged to Viet Cap Securities which saw a 1.46 percent increase in its market share with the biggest fall belonging to VNDirect which lost .76 percent. However, Vietcombank Securities Company dropped out of the top ten altogether and therefore how much its share changed is unknown. Of note, FPT Securities moved in to take Vietcombank Securities’ place…
Thailand launches anti dumping probe into steel from Vietnam
This adds to a growing list of investigations into steel import from Vietnam that includes South Korea, India, and the European Union and comes as cheap Chinese steel floods markets around the world. Of note there has been some suspicion that Chinese steel makers may be using Vietnam as an intermediary to circumvent trade tariffs in other countries on their own steel products…
Tien Phong Commercial Bank: Vietnam Stock Overview
TPBank’s net interest income increased by 14.2 percent, aligning with the broader trend seen across banks like VPBank, HDBank, and VietinBank, which also experienced significant growth in net interest income. This increase was driven by a stable macroeconomic environment and recovering credit demand, contrasting with 2023’s challenges when deposit interest costs exceeded lending income.
Vietnam’s outbound investment still sluggish in September 2024
Vietnamese investors had launched 105 new projects and adjusted investment capital 18 times for the year to Septemberty. While the mining sector remained dominant, its share of investment dropped from 39.8 percent in August to 33 percent in September. Meanwhile, the electricity production and distribution sector accounted for 13.2 percent of total capital invested.
Vietnam’s GDP growth hits 7.4 percent in Q3 2024 [with table breakdown]
Vietnam’s GDP grew by 7.4 percent in the third quarter of 2024 compared to 2023, according to data from the General Office of Statistics. A total of 4.08 percent of Vietnam’s GDP this year has come from the forestry and fishery sector; with industry and construction accounting for a further 48.88 percent and the service sector accounting for the remaining 47.04 percent.
Vietnam Prosperity Commercial Bank: Vietnam Stock Overview
Notably, VPBank’s bad debt ratio is higher than many other banks, largely due to its high-risk business model. Unsecured loans and real estate made up 20 percent and 22 percent of its total credit, respectively…
AMRO lowers ASEAN growth forecast on Vietnam, Indonesia downward revisions
ASEAN+3 Macroeconomic Research Office–AMRO–has lowered its growth forecast for the ASEAN region from 4.8 percent to 4.7 percent after revising down the GDP growth forecasts of Vietnam and Indonesia by a tenth of a point each, according to the body’s ASEAN+3 Regional Economic Outlook Update, October 2024. “The sharp but
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