Author: the-shiv
Vietnam’s industrial production index rises in December
Vietnam recorded 5.8 percent growth in its industrial production index in December over a year earlier, The Investors has reported. For the year the country record just 1.5 percent. The GSO says under performance is the result of falling global demand. Performance by sector Manufacturing-processing sector grew by 1.6 percent;
VN-Index closes up, foreign traders net-buy US$7.3 million, January 19
The VN-Index has closed up 12.44 points or 1.06 percent to close out trading today at 1,181.50. Foreign capital continued to return to the market with foreign traders net buying US$7.3 million worth of stocks. Trading history, foreign investors, last five trading days Buy Sell Change Date VND* US$ VND*
VN-Index closes up, foreign traders net-buy US$2.5 million, January 18
The VN-Index has closed up 6.53 points or .56 percent to close-out Thursday at 1,169.06 points. Foreign traders continued to buy back into the market today to the tune of US$2.5 million. Trading history, foreign investors, last five trading days Buy Sell Change Date VND* US$ VND* US$ VND* US$
Other 3 of big 4 banks follow Vietcombank lead, lower deposit interest rates
Whereas Vietcombank announced it would be lowering deposit interest rates earlier this week, the other three of Vietnam’s big four banks have now lowered theirs too, Tuoi Tre is reporting. Interest rates on deposits are now hovering around 2 percent. This may indicated that the massive growth in credit issued
Why foreign investors are exiting the Vietnam stock exchange
Despite the VN-Index finishing 2023 up 12.2 percent last year, foreign traders exited the market to the turn of over US$1 billion–more than US$408 million in December alone. Vietnam News is carrying ‘expert’ analysis of this phenomena but the article contains only two key observations: EU and US markets are
Vietnamese coffee reaches highest price ever
Coffee prices in Vietnam hit 72,500 (US$$2.87) per kilo today the highest price ever, VN Express is reporting. The publication credits this to concerns about supply shortages due ships avoiding the Suez Canal due to conflict in the Red Sea and instead going around Africa. Vietnam coffee prices, Dak Lak,
VN-Index closes down, foreign traders net-buy US$5.8 million, January 17
The VN-Index has closed down .59 points or .05 percent Wednesday, to finish the session at 1,162.53. Foren traders, however, net bought into the Ho Chi Minh Stock Exchange to the tune of US$5.8 million bringing the total net-buy by foreign traderts to US$21 million over the last five trading
Salmon smuggler bypasses China trade restrictions using Vietnam
A radio appearance by the husband of a Norwegian citizen convicted of smuggling Norwegian salmon from Vietnam to China in 2018, has reopened an old wound for one of Norway’s biggest salmon producers, Salmar, IntraFish is reporting. Of interest, is that the accused was moving salmon from Vietnam to China
VN-Index closes up, foreign traders net-buy US$6.07 million, January 16
The VN-Index rose 9 points or .78 percent Tuesday to close at 1,163.12. Foreign traders continued to net buy into the market completing a four-day buying-streak by adding an additional US$6.07 million to their holdings. Trading history, foreign investors, last five trading days Buy Sell Change Date VND* US$ VND*
Vietnam dong exchange rate closing in on 12-month high
US dollars were selling for 24,970 Vietnamese dong on the black market this morning, Zing News is reporting, getting closer to last October’s high of 25,280. Official rates are also getting close to their 2023 high with the official exchange rate set by the State Bank of Vietnam (SBV) this
VN-Index closes down, foreign traders net-sell US$2.2 million, January 15
The first day of the trading week has ended with the VN-Index losing .58 points or .05 percent to close at 1,154.12. Foreign traders started the week net-selling but only marginally–just US$2.2 million–this was on the back of relatively low trading activity in terms of value. Trading history, foreign investors,
Survey finds outlook not bright for Vietnam businesses this year
Almost 73 percent of businesses in Vietnam intend to scale-down, temporarily suspend operations, or shut-up shop altogether in 2024, according to a survey conducted by the Private Economic Development Research Board (Division IV) and VN Express. Pulled from the responses of 2,700 Vietnamese businesses, the survey also found that of
Vietnam lottery revenue hits highest point ever
Vietnamese lottery firms recorded revenue of US$1.87 billion in 2023 up from US$1.4 billion in 2022, Zing News is reporting. There is no analysis provided, however, this is not necessarily a good thing. It is common for spikes in lottery ticket sales to coincide with periods of economic uncertainty as
Nearly three million small businesses selling goods on TikTok in Vietnam
As of the end of November 2023, there were 2.8 million micro and small-t-medium sized businesses flogging their wares on TikTok, Tuoi Tre is reporting. The most common goods being sold were clothes, homewares, health and personal care products, electronics, and cosmetics. This is worth noting for foreign firms looking
Retail credit in Vietnam is reportedly on the decline
Vietcombank Securities Company (VCBS) has released a report in which it found the share of retail loans of total credit in Vietnam had fallen from 47 percent in 2022 to 46 percent at the end of November, Vietnam Plus is reporting. Of note, the situation has changed dramatically since this
Vietnam banks continue to cut deposit interest rates
Interest rates on deposits at Vietcombank, one of Vietnam’s biggest banks, have been cut to as low as 1.7 percent on some accounts, Vietnam Plus is reporting. This is on the back of lower demand for loans. Of note, however, is that this comes after Vietnamese banks issued an average
Vietnam’s Stock Market, December 2023: Snapshot
December began with the government of Vietnam tapping the United Arab Emirates on the shoulder for support turning Ho Chi Minh City into a financial hub in Southeast Asia. Whereas the UAE was mum on whether it would provide support, the request was also scant on details, and it was
VN-Index drops, foreign traders net-buy US$700K, January 12
The VN-Index fell on the last trading day of the week by 7.54 points or 0.65 percent to finish the session at 1,154.70. Foreign traders net-bought US$700,000 worth of stocks after engaging in US$90.8 million in trade. Trading history, foreign investors, last five trading days Buy Sell Change Date VND*
Vietnam-Europe freight rates spike on Red Sea conflict
The price for shipping a forty-foot container from Ho Chi Minh City (HCMC) to Northern Europe has hit an average of US$3,700, 90 percent higher than in December of 2023, Tuoi Tre is reporting. This is as a result of conflict in the Red Sea which is seeing cargo ships
Summer power shortages likely for northern Vietnam this year, too
Vietnam’s Northern Power Service Company is predicting a shortfall in electricity over summer of 1,200 to 2,500 megawatts, DTI News is reporting. This is after power shortages in 2023 saw households and businesses without power for hours at a time including a number of big multinationals. It was estimated to
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