Author: the-shiv
New Vietnam rooftop solar development Decree finally issued
Originally the Ministry of Industry and Trade had been pushing for no feed-in tariffs on rooftop solar, however, at the request of the government, it reluctantly agreed to have feed-in tariffs but limited to just ten percent of the installation’s capacity. This was then raised to 20 percent at the request of Vietnam’s Deputy Prime Minister Tran Hong Ha…
Vietnam electronics exports fall 5.8 percent September over August
Of note, the USA remains Vietnam’s largest market, although exports to the USA dropped by 21.52 percent in September compared to August. This sharp decline brought the YTD total to around US$17.32 billion. China, on the other hand, saw a significant 24.81 percent increase in exports, amounting to US$1.24 billion in September, contributing to a YTD total of approximately US$9.1 billion…
Vingroup: Vietnam Stock Overview
Notably, in the first half of 2024, Vingroup sold the majority of its equity capital of Vincom Retail, which owns and leases a range of commercial spaces around Vietnam. This led to leasing revenue declining by 46 percent…
Vietnam non-wood furniture exports fall 4.6 percent September over August
Vietnam’s non-wood furniture exports fell by 4.6 percent in September over August from US$279 million to US$266.4 million. This has brought Vietnam’s total non-wood furniture exports to a total US$2.39 billion year-to-date. This represented an increase of 32.8 percent over the same period last year…
Vietnam gains four places on Economic Freedom index but overall score falls
The country saw progress in monetary stability, with its “Sound Money” ranking improving from 116th to 105th, and also made strides in regulatory policies, moving from 103rd to 99th in the “Regulation” category. However, Vietnam experienced setbacks in the “Size of Government,” where its ranking dropped significantly from 87th to 106th, indicating increased government intervention…
Vietnam seafood exports fall 6.23 percent September over August
Of note, China saw a 9.59 percent increase in seafood exports for September, reaching US$197.32 million, with year-to-date exports totaling US$1.21 billion.
In contrast, exports to the USA dropped by 13.77 percent, amounting to US$171.41 million for the month, and year-to-date exports reached US$1.33 billion…
SeABank: Vietnam Stock Overview
In contrast to these positive business results, SSB’s stock has fallen by around 20 percent since the start of the year. It’s not clear why this might be but pundits have noted that 42 million shares issued to staff on an employee share program in 2023 have now vested and it could be that these are being sold off…
Vietnam beverage maker to pay US$860K for North Korea sanctions breach
The use of US dollars and involvement of US financial institutions led to violations of the North Korea Sanctions Regulations by causing U.S. financial institutions to export financial services to North Korea in violation of U.S. sanctions laws…
Vietnam dairy imports fall 21 percent September over August
Of note, New Zealand, the largest supplier, saw an 18.78 percent decrease in imports, with US$19.97 million recorded in September. The USA also experienced a steep decline, with a 33.50 percent drop in imports, amounting to US$7.98 million…
Vietnam’s banks have lent more than they hold in deposits: State Bank
Bank loans now exceed deposits VND 14.7 quadrillion to VND 14.5 quadrillion, Dao went on to say. Of note, this would give Vietnam’s banks a collective loan deposit ratio of 101.38 percent with anything over 80 percent generally considered ‘risky’…
New electricity tariffs for business in Vietnam from October 11, 2024 [table “” not found /]
The average retail price of electricity has been set at VND 2,103.1159 per kWh, excluding value-added tax (VAT). This price structure, detailed in an appendix to the decision, applies to both users and retailers and does not include VAT…
Malaysia launches trade investigation into steel bars from Vietnam, others
Of note, this is the second anti dumping probe into steel bars launched this week with Australia announcing a similar investigation. This is in line with a growing number of antidumping and circumvention investigations on steel products exported from Vietnam…
Vietnam stock exchange total market cap. reaches US$280 billion
September also witnessed a sharp increase in trading activity, with the average daily trading value rising to VND 15.867 trillion per session or US$634.68 million, up 14.9 percent from the previous month…
Vietnam footwear exports down 24.6 percent September over August
The United States remains the largest export market, but experienced a significant decline of 31.90 percent in September compared to August, as did China with a decline of 45.69 percent, while Japan and South Korea similarly saw large drops of 38.42 percent and 44.23 percent respectively…
Vietnam business environment most improved 2003 to 2023: The Economist
The publication cites Vietnam’s ascension to several free trade agreements as well as declining operational costs and increased public investment in human capital as driving the improvement. It also suggests this is likely to continue…
Australia launches anti dumping probe into steel rebar from Vietnam, others
This latest investigation is in line with a growing number of antidumping and circumvention investigations on steel products exported from Vietnam…
Vietnam C.bank floats new circular on bank accounts for foreign stock traders
These new regulations are designed to simplify the procedures and documentation required for opening indirect investment accounts, removing the need for consular legalisation for foreign-language documents. It would also introduce the option for foreign investors to open accounts electronically. Additionally, the circular would permit foreign investors to open multiple indirect investment accounts, providing greater flexibility for their investment activities…
Cost of eating out in Vietnam rises 0.65 percent in September over August
The cost of eating out in Vietnam went up by .65 percent in September over August, according to the General Department of Statistics’ Consumer Price Index data. This was coupled with a year-on-year increase in the cost of eating out of 3.84 percent…
Vietnam domestic flight numbers experience biggest fall this year in September
Of note, year to date, Vietnam Airlines and Vietjet have executed 83,552 and 83,326 flights, respectively, putting Vietjet just a cat’s whisker away from being Vietnam’s biggest airline in terms of the number of flights…
Bamboo Airways is resuming international flights
This is somewhat of a surprise in that the airline has been struggling for the better part of two years during which it has repeatedly downsized its fleet and number of routes…
In today’s news: Japan credit agency upgrades VN, Police investigate social media posts about Novaland, Property developers turn to bonds as bank lending slows,
In today’s news: VinFast derivatives issue, JICA lending forecasts, Fuel pricing reform monitoring, Fuel price forecasts, Bank foreign capital raising, Russia looking to wet
In today’s news: Abandoned property tax proposed, Novaland rejects bankruptcy rumours, Vietnamese trade delegation visits Iran, US duties Vietnamese air compressors, EVF plans US$300
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