Author: the-shiv
Vietnam to restrict mortgages for off-the-plan dwellings from July 1
The Ho Chi Minh City Real Estate Association (HoREA) has raised concerns about new regulations that will only allow banks to issue home loans on completed buildings, Tuoi Tre is reporting. These new regulations are outlined in Circular 22/2023/TT-NHNN. The article does not offer specific details as to what these
VN-Index closes up, foreign traders net-sell US$5.66 million, January 29
Vietnam’s key stock index has closed up .02 points to finish the first day of the trading week at 1,175.69 points. Foreign traders, however, have returned to net-selling, offloading US$5.66 million worth of stocks. Trading history, foreign investors, last five trading days Buy Sell Change Date VND* US$ VND* US$
US$8 million of investment waiting for clarity on renewables in Vietnam
U.S. Undersecretary for Economic Growth and the Environment, Jose Fernandez, has told a press briefing in Hanoi that US firms could invest as much as US$8 billion, but that this hinges on clarity on renewable energy development in the country, Reuters is reporting. This was after meeting with Vietnam’s Prime
Vietnam electricity prices likely to rise, higher production costs
Vietnam’s Ministry of Industry and Trade (MoIT) has suggested electricity prices should rise in May in line with rising production costs, VN Express is reporting. In Vietnam, retail electricity prices are set by the government. The state power provider, EVN, can increase prices up to 3 percent. A price hike
VN-Index up, foreign traders net-buy US$9.8 million, January 26
Vietnam’s VN-Index finished the week on a high, up 5.3 points or .45 percent to close the session at 1,175.67. On a further positive note, foreign traders continued to net-buy into the local bourse to the tune of US$9.8 million. Trading history, foreign investors, last five trading days Buy Sell
Vietnam ambassador pressures US to remove ‘non-market economy’ label
Vietnam’s ambassador to the US, Nguyen Quoc Dzung, has said that including Vientam among the 12 countries in the world the US considers be non-market economies is unacceptable, Reuters has reported. He goes on to say that “So I think if the DOC (Department of Commerce) turned down that, I
VN-Index closes down, foreign traders net-sell US$5.5 million
Vietnam’s VN-index has closed down Thursday recording a fall of 2.6 points or .22 percent to finish the session at 1,170.37. Of note, foreign traders shifted gear and after ten days of consecutive days of net-buying, net-sold US$5.5 million worth of stocks. Trading history, foreign investors, last five trading days
Vietnam petrol retailer representative group denied: name, function not unique
An attempt to unite Vietnam’s petroleum retailers into an ‘association’ has been knocked back by the Ministry of Industry and Trade (MoIT), Tuoi Tre is reporting. The MoIT says the proposed name and function of the group would overlap with the existing Vietnam Petroleum Association (VPA). In Vietnam, ‘associations’ are
US$3.17 billion sitting in trading accounts in Vietnam waiting to be used
There was VND 78 trillion (US$3.17 billion) sitting in cash accounts with securities firms in Vietnam at the end of 2023, according to Tuoi Tre. The article notes that this is an increase of VND 20 trillion (US$812.8 million) over the end of 2023 and also that liquidity on the
Korean Boeing supplier to build plant in Vietnam
South Korea’s KP Aero Industries intends to spend US$20 million on a new assembly plant in Vietnam, Reuters is reporting. Earlier reports from state media suggest the new factory will be in Danang in central Vietnam and cover 20,000 square metres. Whereas this announcement has been met with broad elation
VN-Index down, foreign investors net-buy US$3.6 million, January 24
Vietnam’s VN-Index has closed down 4.53 points or .38 percent to finish the session at 1,172.97 points. Foreign traders continued to buy back into the market purchasing an additional US$3.6 million worth of stocks. Trading history, foreign investors, last five trading days Buy Sell Change Date VND* US$ VND* US$
World Economic Forum report finds Vietnam leads region in sustainability
The World Economic Forum’s The Future of Growth Report 2024 has found that of ASEAN member states included in the report, Vietnam has come out on top in sustainability. Of note, the country received its best scores under sustainability in: Investment in renewable energy as a percentage of GDP. This
Vietnam gaming giant axes planned US IPO
VNG, a Vietnamese tech firm most well known for popular messaging app Zalo, has withdrawn its application to list on the Nasdaq, the South China Morning Post is reporting. The publication notes that VNG declined to comment on the change of plans. A few points of note: Vietnam automaker Vinfast
VNIndex down, foreign traders net-buy US$9.7 million, January 23
The VN Index fell Tuesday losing 5.36 points or .45 percent to close at 1,177.50. This was after foreign traders net-bought into the market just over US$9.7 million worth of stocks. Trading history, foreign investors, last five trading days Buy Sell Change Date VND* US$ VND* US$ VND* US$ 17/1
Loan interest may be forgiven for partners in Vietnam’s Nghi Son refinery
Kuwait Petroleum International is considering waiving the interest on the loans of its partners in Vietnam’s Nghi Son refinery, the Arab Times is reporting. This could also see the interest rate on said loans possibly reduced to 0 percent. The publication notes that at the end of December there was
VN Index up, foreign traders net-buy US$18.85 million, January 22
The VN-Index has finished the start of the trading week up 1.36 points or .12 percent to finish the day at 1,182.86 points. Foreign traders have continued to net-buy into the market to the tune of US$18.85 million. Trading history, foreign investors, last five trading days Buy Sell Change Date
Snapshot: Manufacturing in Vietnam, December 2023
Each month the-shiv provides a snapshot of the manufacturing sector in Vietnam covering the latest developments, key performance indicators, and government data. December overview There wasn’t much good news for Vietnam’s manufacturing sector in December. Whereas there had been a slight change of fortune early in the fourth quarter, in
Vietnam to see 3rd highest growth in ASEAN: AMRO
The ASEAN+3 Macroeconomic Research Office (AMRO) January update has suggested Vietnam’s GDP growth in 2024 could be the third highest in the region at an estimated 6 percent. Thought the report does not provide analysis specific to Vietnam it broadly suggests that the regional economy is improving on the back
Vietnam’s amended Law on Credit Institutions sees more restrictive ownership limits
Vietnam’s National Assembly last week passed revisions to the Law on Credit Institutions intending to provide greater transparency to the banking sector in the wake of a number of high-profile scandals, The Investor is reporting. Key takeaways Lenders will need to make public shareholders with a stake greater than 1
C.Bank expecting credit growth of 4.4 percent in Q1 2024
State Bank of Vietnam’s Department of Forecasting and Statistics has said it expects credit growth in Vietnam to grow by 4.4 percent in the first quarter of the year, The Saigon Times is reporting. This is after credit growth averaged just 3.38 percent per quarter last year. Notably, there was
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