Author: the-shiv
VN Index closes up, foreign investors net-sell US$738,612, January 4
The VN-index closed out Thursday trading at 1,150.72 points, a 6.55 point or 0.57 percent improvement over yesterday. Foreign traders continued to exit the market but at the end of the day there had only been a slight change, with less than US$1 million withdrawn. Trading history, foreign investors, last
Vietnam oil refinery to receive US$338 million in compensation
Nghi Son oil refinery operators will be compensated VND 8,247 billion (US$338.1 million) for variations in the price they were permitted to sell their petrol products and the price of the same products imported, Tuoi Tre is reporting. Key points: Vietnam’s state-owned Petrovietnam (PVN) is required to buy all of
World Economic League Table ranks Vietnam 34th out of 190
Vietnam was 34th in terms of economic success in the world in 2023, sandwiched between the Philippines at 33 and Malaysia in 35th place, according to the Centre for Economics and Business Research’s World Economic League Table. The CEBR says: This was partly due to a lack of a growth-inflation
Tourism: Vietnam’s Ha Long Bay makes Fodor’s ‘No List’
Vietnam’s World Heritage listed Ha Long Bay has made Fodor’s ‘no list’, a compilation of tourist destinations travellers should avoid, the Express is reporting. Reasons for making the ‘no list’ include overcrowding, polluted waterways, and rubbish often found floating in the bay. Note that Vietnam is currently putting a lot
How Vietnam Airlines might be able to remain listed on the HoSE
Despite being negative equity alongside three years of losses, Vietnam Airlines may be able to remain listed on the Ho Chi Minh City Stock Exchange if amendments to Decree 155/2020/ND-CP are approved, according to Vietnam Stock Economic Magazine. The changes on the table include an additional clause to Article 120
VN-Index closes up, foreign traders net-sell US$8.4 million, January 3
The VN-Index finished Wednesday up 12.45 points or 1.10 percent, closing at 1,144.17. Foreign traders, however, net-sold to the tune of US$8.4 million. This was the second day in a row that foreign traders have net-exited the local bourse. Trading history, foreign investors, last five trading days Buy Sell Change
Economist warns lowering interest rates no ‘magic wand’ for Vietnam
“Monetary policy is not a magic wand and excessive money supply does not necessarily promote growth,” Assoc. Prof. Dr. Nguyen Huu Huan from the University of Economics Ho Chi Minh City has said in an op-ed for The Investor. This warning comes on the back of a supply-side push to
C.bank grants Vietnam’s banks 15 percent credit growth limit for 2024
The State Bank of Vietnam has set a 15 percent credit growth limit for Vietnam’s banks in 2024, Tuoi Tre is reporting. Note that this is higher than the usual 14 percent a year probably due to a failure to hit 14 percent in 2023. Credit growth mid-December was just
Fines up to US$4,000 for insurance firms that mislead customers on cards
A proposed decree from Vietnam’s Ministry of Finance could see life insurance providers that mislead customers fined up to US$4,000, Vietnam News is reporting. This comes on the back of reports throughout 2023 of banks misleading or coercing customers into purchasing insurance products in order to draw commissions from insurance
Vietnam’s 2023 exports largely powered by foreign firms
Almost three quarters of Vietnam’s exports are from foreign-invested enterprises, Vietnam Plus is reporting. In fact, US$259.95 billion (73.1 percent) of Vietnam’s exports were facilitated by foreign operators in 2023. The state media agency goes on to say foreign direct investment is ‘crucial’ to Vietnam’s economy. Note that, there have
VN-Index closes up, foreign traders net-sell US$14.9 million, January 2
The VN-Index has finished the first trading day of the new year up slightly. It gained 1.79 points or .16 percent in the day’s trade, closing at 1,131.72. Foreign traders, however, returned to net-selling US$14.6 million worth of Vietnam’s stocks. Trading history, foreign investors, last five trading days Buy Sell
Electricity in Vietnam still being sold below cost price
Electricity Vietnam (EVN) has said it expects to record a pre-tax loss of about US$698.6 million in 2023, VN Express is reporting. The size of this loss has been attributed to the state electricity provider continuing to sell electricity at below cost price. Key points It currently costs EVN 2,092.78
Vietnam stock exchange VN-Index finishes 2022 up 12 percent
Vietnam’s VN-Index, a basket of 30 stocks listed on the Ho Chi Minh Stock Exchange, finished 2023 up 12 percent over 2022, Tuoi Tre is reporting. It also says that total market capitalization hit US$246.6 billion. Note that though the index increased overall, foreign traders withdrew from the market to
Vietnam C.bank to increase gold supply on back of record prices
The State Bank of Vietnam intends to increase the gold supply after being directed by the Prime Minister to stabilise the gold price after it reached record highs last week, Tuoi Tre is reporting. Specifically, gold reached US$86.51 a gram in Vietnam about 20 percent higher than the world gold
Gov’t intervention may be needed to save Vietnam Airlines: KPMG
Financial services firm KPMG, which audited the half-yearly report of Vietnam Airlines, has said financial support from the government may be needed to keep the national carrier afloat, The Leader is reporting. It also notes that in the first half of the year the airline Had an after-tax loss of
Vietnam’s manufacturing sector business conditions continue to decline: S&P
S&P Global’s Purchasing Managers’ Index (PMI) recorded a decline in business conditions for the fourth month in a row in December, according to a press release from the firm. The well-known index recorded 48.9 points up from 47.3 in November. A score of 50 indicates no change, above 50 means
VN-Index closes up, foreign traders net-buy US$14.1 million, December 9
The VN-Index has closed up 1 point or .09 percent to finish the week at 1,129.93. Foreign traders have continued to buy back into the market net buying US$14.1 million worth of stocks bring the total for the week to US$19.2 million. Trading history, foreign investors, last five trading days
Vietnamese spend US$1 billion in a month buying goods online
Between the four major e-commerce platforms in Vietnam–Shopee, Lazada, TikTok Shop and Tiki–Vietnamese shoppers spent US$1.29 billion in November, Tuoi Tre is reporting. The publication cites an e-commerce report from YouNet ECI. Key points This was a 9.3 percent increase on October; Shopee accounted for 72.7 percent of sales; TikTok
Vietnam insurance premium revenue goes backward for first time in years
Revenue from insurance premiums in Vietnam has fallen for the first time in 20 years, Tuoi Tre is reporting. Premiums pulled in VND 227,100 billion (US$9.35 billion), down 8.3 percent over 2022. This is likely due to a bancassurance scandal whereby it was alleged bank staff misled customers into believing
Vietnam records GDP growth of 5.05 percent, misses target
Vietnam’s General Statistics Office has released its fourth quarter economic report which says GDP is likely to reach 5.05 percent this year. This is a scrape above the minimum 5 percent the government said would be likely back in October, but well below the 6.5 percent target set at the
In today’s Vietnam news: MB Securities fined off-book margin lending, Borrower capacity proof limit lifted, Counterfeit shampoo and body wash, Electronics retailer IPO, Investors
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
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