Author: the-shiv
VN-Index falls, foreign traders net-sell US$36 million, March 14
The VN-Index took a hit today, losing 6.25 points or .49 percent to close out the session at 1,264.26 points. Foreign traders continued a three-day streak of net-exiting the market, leaving the local bourse to the tune of almost US$36.9 million. Popular stocks today in terms of volume were securities,
Securities regulator comments on Vietnam stock market upgrade progress
Chairwoman of the State Securities Commission, Vu Thi Chan Phuong, has given an interview to Vietnam News regarding Vietnam’s quest for an upgrade of its stock market from frontier to emerging. Specific details are scant but she does note that the SSC is prioritising: Updating disclosure requirements to encourage firms
VinFast exec claims will break even in 2025
Despite losses totally more than US$2 billion in 2023, Vietnam’s homegrown automaker will break even in 2025, according VinFast President Le Thi Thu Thuy as reported by Zing News. This is a huge undertaking with sales overseas lacklustre at best–just a few thousand–and the vehicles sold in Vietnam mostly to
VN Express reader’s letter ticks right boxes: borrow money, buy real estate
VN Express is running a letter from a reader known only by their first name, Van, in which Van says taking out a loan to buy a house in Hanoi’s Old Quarter was one of their best decisions. Van essentially says that the appreciation in the value of the property
United Overseas Bank predicts Vietnam GDP growth of 5.5 percent in Q1
This is an increase over the 3.3 percent Vietnam saw in the first quarter of last year, VN Express is reporting. The bank predicts 6 percent credit growth for the year. Of note in this article: According to one quote GDP growth will be linked to the recovery of the
Vietnam car sales fall 51 cent in February
A total of 10,017 cars were sold in February down from 20,536 in February of last year, according to data from the Vietnam Automotive Manufacturers Association and reported by Just Auto. This article says this was partly due to the Lunar New Year holiday. It also says that car sales
VN-Index up, foreign traders net-sell US$18.8 million, March 13
The VN-Index closed up 25.51 points or 2.05 percent on Wednesday to finish the session at 1,270.51. Foreign traders exited the market, however, to the tune of US$18.8 million. Banks, securities, and steel had the most interest in terms of volume. Foreign trader activity, last five trading days Buy Sell
Vietnam’s Imports and Exports, February 2024: Snapshot
Vietnam’s General Department of Customs has released import-export data for February of 2024. Here’s what it has found. Vietnam imports, February 2024, by item February Year to date Description US$ MOM % US$ YOY % Computers, electrical products, spare parts and components thereof 7,083,862,528 -17.2 15,640,557,472 25.0 Machine, equipment, tools,
Snapshot: Manufacturing in Vietnam, February 2024
Each month the-shiv provides a snapshot of the manufacturing sector in Vietnam covering the latest developments, key performance indicators, and government data. Manufacturing news in February was somewhat limited with the Lunar News Year reducing production and seeing most businesses close up for at least a week. That said, there
Vietnam real estate inventories jump as firms struggle to complete projects
Tuoi Tre has gone through the financial statements of 60 Ho Chi Minh City Stock Exchange listed real estate firms and found that there has been an increase in inventory of 3 percent over the end of 2022 and 30 percent over the end of 2021. They valued the inventory
Analysis of Vietnam’s approach to trade union reforms per the EVFTA/CPTPP
DW is carrying this analysis of Vietnam’s approach to ratifying the UN International Labor Organization’s Convention 87 which would allow independent trade unions in Vietnam. Of note, it carries comments from Joe Buckley, a researcher specialising in labour and development in Southeast Asia. He points out that Vietnamese law makes
VN-Index up, foreign traders net-sell US$7 million, March 13
The VN-Index closed up 9.51 points or .77 percent to finish Tuesday at 1,245 points. At the same time,foreign investors net-withdrew US$7 million. The top traded stocks overall were securities, banks, and steel with foreign traders particularly active in Mobile World Group (MWG) and Military Bank (MBB). Foreign trader activity,
Vietnam C.bank starts issuing T-bills to reduce pressure on dong
The State Bank of Vietnam issued VND 14.999 trillion or US$609 million yesterday in a renewed attempt to halt the devaluation of the local currency, The Investor is reporting. Key takeaways: Overnight loans account for 90 percent of transactions and were attracting an interest rate of 1.17 percent on March
This opinion piece in support of redesignating Vietnam a market economy
John Borton, a non-resident senior fellow at Johns Hopkins/SAIS Foreign Policy Institute, has written an opinion piece for the Geopolitical Monitor in which he argues for making Vietnam a market economy. Borton argues that: There would be bilateral benefits in market access and export opportunities; Other countries have already done
The data in this article about Vietnam’s electric vehicle market
Cleantechnica is running an article about Vietnam’s electric vehicle market in which they use data from the International Trade Association that suggests that the car ownership rate in Vietnam will reach 30 percent by 2030 up from 5.7 percent in 2020. The original report also says that rate will be
VN-Index falls, foreign investors net-buy US$9.9 million, March 11
The VN-Index did not start the week on the right foot falling 11.86 points on Monday or .95 percent to finish the first day of the trading week at 1,235.49. Conversely, foreign investors started the week buying back into the market to the tune of US$9.9 million. Foreign trader activity,
This opinion piece re: US dollar, gold prices in Vietnam
Penned by Nguyen Huu Huan, an economist at the Ho Chi Minh City University of Economics, this piece in The Investor makes several points about US dollar and gold prices in Vietnam. These include: Gold fever is being driven by a lack of other investment options; The rising price of
Vietnam banks continue to reduce deposit interest rates
VP Bank, for example, is offering an interest rate of 4.8 percent on a 12-month term deposits, Zing News is reporting. Note that Vietnam has a target for inflation of 4 to 4.5 percent. This suggests that, despite a jump in interbank interest rates in February, banks still have abundant
HCMC customs steps up action against imports, exports of firms with unpaid taxes
Specifically, the Ho Chi Minh City Customs Department has stopped import and export procedures for Gia Dinh Textile and Garment Company over VND 100 billion (US$4 million) in unpaid taxes, VN Express is reporting. This is yet another instance of Vietnam customs being used to collect tax debts. At the
Vietnam corporate bond issuances down on return of postponed regulations
There were just three corporate bond issuances in Vietnam in February to the value of VND 1.165 trillion (US$47.3 million), Tuoi Tre is reporting. This brings the total number of bond issuances for the first two months of the year to eight valued at a collective VND 5.96 trillion (US$242
In today’s Vietnam news: Hanoi low-emissions zone begins, Tougher penalties for social media, Regulatory delays hamper protein company acquisition, VietJet Australia?, Gold bar tax
In today’s Vietnam news: Dragon Capital Europe ETF, Carbon market opens, New regulations communicating with press , Copyright commercial-use fee confusion, Vingroup reduces holdings
In today’s Vietnam news: Ethical / cultural business standards framework, Floating solar project, Embattled construction firm investment spinoff, Raising public debt ceiling, Selling excess
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