Author: the-shiv
VN-Index up, foreign traders net-sell US$16.7 million, February 6
The VN-Index closed up 2.42 points or .2 percent Tuesday to finish the session at 1,188.48 edging ever closer to the elusive 1200 point mark. Foreign traders, however, were less optimistic, net-selling US$16.7 million worth of Ho Chi Minh Stock Exchange Stock. Trading history, foreign investors, last five trading days
Rising coffee prices see farmers refuse to fulfil orders: Reuters
Vietnam’s coffee farmers are refusing to fill orders looking to renegotiate their contracts in light of higher than expected coffee prices, Reuters is reporting. The publication goes on to say that what started as a local problem is now starting to impact the global coffee market. Incidentally, The Investor carried
Vietnam coffee brand abandons kiosks, opens coffee shops instead
Vietnam’s Phuc Long Coffee & Tea is set to expand its presences in Hanoi and Ho Chi Minh City in 2024 by up to 60 stores, World Coffee Portal is reporting. The company,a subsidiary of major Vietnam food and beverage conglomerate, Masan Group, is aiming to hit year-on-year sales growth
Vietnam ‘leading global exporter of piracy services’: IIPA
The International Intellectual Property Alliance, or IIPA, has made public its submission to the United States Trade Representative’s Special 301 Report, which addresses intellectual property infringements around the world, arguing Vietnam should be kept on the body’s watch list. The IIPA goes on to detail an unwillingness on the part
VN-index up, foreign traders net-buy US$2.3 million, January 5
The VN-Index has closed up Monday, gaining 13.52 points or 1.15 percent, to finish the day at 1,186.06 points. Foreign trader returned to net-buying adding US$2.3 million to their portfolios. This has brought the total net-bought by foreign investors over the last five sessions to US$7.4 million. Trading history, foreign
Calls for reform in Vietnam coffee industry as supplies dwindle
In an opinion piece in The Investor Phan Minh Thong, general director of Phuc Sinh Group, a local coffee exporter, argues that there needs to be greater fairness in Vietnam’s coffee industry. In particular, he suggests agreements with international buyers are often weighted to the advantage of the buyer but
Profits falling for Vietnam banks on rising credit risks
A total of nine banks out of 28 analysed by Zing News recorded profits in 2023 of less than VND 1,000 billion or about US$41 million. This was two more than in 2022 and may be indicative of broad challenges in the banking sector. There are similar trends among all
Struggling Vietnam garment maker starts selling asset to cover losses
Garmex Saigon, which once had 3,700 workers on its payroll, had just 35 staff at the end of 2023, has started selling assets to cover losses, Tuoi Tre is reporting. This is after failing to secure any new orders for the firm in the fourth quarter of last year. Other
VN-Index falls, foreign traders net-sell US$8.5 million, February 2
Vietnam’s key index lost .47 points or .04 percent Friday to close at 1,172.55. Foreign traders returned to net-selling, reducing their exposure by US$8.5 million. Next week should be pretty quiet for the Ho Chi Minh City Stock Exchange in the lead up to the Lunar New Year. Trading history,
US Geological Survey halves expected rare earths output from Vietnam
The US Geological Survey’s Mineral Commodity Summaries 2024 report has revised down Vietnam’s expected output of rare earths for 2023 from 1,200 to just 600 tons. This is out of reserves estimated to be as big as 22 million tons–the second largest in the world after China. Of note, Vietnam
Vietnam Report survey finds generally positive outlook for tourism in 2024
A survey conducted by Vietnam Report has found that 66.7 percent of tourism and hospitality businesses are expecting higher tourist numbers and profits, Vietnam News is reporting. Note that the methodology behind the report is not clear. This survey forms part of a broader write-up of the tourism industry which
Local media spin attempts to hide Vietnam Airlines ongoing losses
Vietnam’s domestic media is reporting that Vietnam Airlines recorded a profit from ‘transportation activities’ in the fourth quarter of 2023, neglecting to mention that on the whole the airline recorded a loss in Q4 of VND 2,065 or US$84.6 million. This angle on these latest figures has been expressed by
VN-Index rises, foreign traders net-buy US$3.4 million, February 1
The VN-Index gained 8.71 points or .75 percent Thursday to close at 1,173.02 points. Foreign traders continued to buy back into the market, net-adding US$3.4 million to their portfolios. Trading history, foreign investors, last five trading days Buy Sell Change Date VND* US$ VND* US$ VND* US$ 26/1 1,400 $57,353,520
U.S. official rejects suggestion Vietnam non-market economy review political
U.S. Under Secretary of State Jose W. Fernandez has told a press briefing that politics will not be a factor in the Department of Commerce’s review of Vietnam’s status, The Investor is reporting. This is after a letter from several prominent US Senators, including former presidential hopefuls Elizabeth Warren and
Vietnam’s New Law on Land to make site clearance easier
Vietnam’s new Law on Land, will remove land price brackets set by the state which should see land values increase, which should lead to less complaints from landowners when their land is acquired, which should make site clearance much easier, Luat Vietnam is reporting. In the past, the national government
Key Vietnam manufacturing index rises, sign of improving demand
S&P Global Vietnam Manufacturing PMI hit 50.3 points in January suggesting a slight recovery for the sector–on the index 50 represents break-even with anything lower signalling a contraction and anything above signalling growth. Key takeaways The return to growth is only tentative with employment and purchasing fractionally lower and business
VN-Index falls, foreign traders net-buy US$4.99 million, January 31
Vietnam’s VN-Index fell sharply Wednesday losing 15.34 points or 1.3 percent to close at 1,164.31. Foreign traders, however, bucked the trend net-buying US$4.99 million in stocks. Trading history, foreign investors, last five trading days Buy Sell Change Date VND* US$ VND* US$ VND* US$ 25/1 1,009 $41,310,074 1,145 $46,878,132 -136
Senators Warren, Sanders reject removing Vietnam’s non-market economy tag
Eight US senators have added their voices to those opposed to removing Vietnam’s non-market economy tag, signing a letter to that effect and addressed to the Secretary of Commerce. Among them are former US presidential hopefuls Elizabeth Warren and Bernie Sanders. The letter argues that Vietnam fails to meet all
Corruption perceptions index sees Vietnam drop six places in 2023
Vietnam was ranked 83 out of 180 countries on the Transparency International Corruption Perceptions Index for 2023, down from 77 in 2022, Reuters is reporting. Reuters goes on to point out that this is despite a ‘corruption crackdown’ that has seen a number of high level officials locked up. This
VN-Index up, foreign traders net-buy US$5.25 million, January 30
The VN-Index has continued its steady climb upward this week finishing Tuesday 3.96 points or .34 percent higher to close at 1,179.65 points. Foreign traders returned to net-buying adding an additional US$5.25 million in stocks to their portfolios. Trading history, foreign investors, last five trading days Buy Sell Change Date
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