Author: the-shiv
VN-Index closes up, foreign traders net-sell US$12.7 million, December 26
The VN-Index finished Boxing Day up 4.59 points or .41 percent to finish the day at 1,122.25 points. Foreign traders, however, were less positive about the markets prospects than their domestic counterparts, they exited the market to the tune of just over US$12.7 million. Trading history, foreign investors, last five
Government support on the cards for embattled Bamboo Airways
Several government ministries and private enterprises have been called on to help ‘Bamboo Airways resolve its difficulties by year-end’ by the Deputy Prime Minister Le Minh Khai, VN Express is reporting. Key takeaways Petrolimex, the Airports Corporation of Vietnam, and several local banks have been asked to provide assistance; But
Vietnam Airlines trading restrictions lifted, stock bounces
Trading restrictions on Vietnam Airlines (HVN) stock listed on the Ho Chi Minh Stock Exchange, whereby trading was restricted to the afternoon trading session only, have been lifted giving the stock a bounce, CafeFN is reporting. The stock was up 6.82 percent at the close of trade December 25. Key
Vietnam cement industry conditions worst in a decade
Vietnam’s Ministry of Construction (Moc) is proposing reduced taxes and interest rates for firms dealing in construction materials on the back of the worst year for the industry in ten years, Vietnam News is reporting. This is on the back of a slump in sales and rising input costs. Key
Vienam’s PDP7 assessment finds solar overdeveloped, grid underprepared
A report into the implementation of Vietnam’s Power Development Plan 7 has found that solar power development between 2016 and 2020 went well above what was planned, Vietnam News is reporting. Key takeaways: The PDP7 set out a plan to develop 850 MW of solar power by 2020; However, a
Vietnam state-owned shipbuilding firm to go bankrupt
The Government of Vietnam has decided to wind up the state-owned Shipbuilding Industry Corporation (SBIC) and all of its subsidiaries bar one, Vietnam News is reporting. Of note, its predecessor Vietnam Shipbuilding Industry Group also went bankrupt back in 2010 amid allegations of mismanagement and corruption.
VN-index closes up, foreign traders net-sell US$5 million, December 25
The VN-Index closed Christmas Day up 14.60 points or 1.32 percent to finish the holiday trading session at 1,117.66. Foreign traders, however, continued to exit the southern Vietnam-based stock exchange to the tune of US$5 million dollars signalling the blood-letting is not likely to end any time soon. Trading history,
American shrimpers fight redesignation of Vietnam as market economy
The American Shrimp Processors Association (ASPA) has said Vietnam should maintain its non-market economy status, and has made overtures to the US Department of Commerce (DOC) to that effect, according to a statement on its website. This is after a review of the country’s NME status was launched by the
South Korean chipmaker to increase investment in Vietnam
Chipmaker Hana Micron from South Korea is planning to increase its investment in Vietnam up to US$1 billion, The Investor is reporting. The firm currently has two plants in northern Vietnam in Bac Giang and Bac Ninh.
German gas firm to build new facility in central Vietnam
Germany’s Messer, an industrial gas company, has received approval for a US$133.38 million project in Vietnam’s Quang Ngai province, The Investor is reporting. Set to cover 7.24 hectare its expected output is liquid argon, oxygen, and nitrogen along side a number of industrial gases like helium and neon.
Kuwaiti investors visit Nghi Son refinery amid expected heavy losses
A group of investors connected to Kuwait Petroleum International, which has a 35.1 percent stake in Vietnam’s Nghi Son oil refinery, visited the facility yesterday, the Kuwait News Agency is reporting. This comes after speculation that the refinery could report a loss of US$1 billion this year which may signal
Prioritise local wind power over imports: Vietnam industry group
It was announced last week that Vietnam’s state owned power provider EVN was considering importing electricity from Laos at 7 cents per kilowatt. Nestled just near the bottom of this article from VN Express on the issue is a comment from Bui Van Thinh, chairman of the Binh Thuan Wind
VN-Index closes up, foreign traders net-sell US$20 million, December 22
The VN-Index has closed up .63 points or 0.06 percent to finish Friday at 1,103.06 points. Foreign traders, however, continue to be bearish on the market net-selling to the tune of US$20.8. This brought the total foreign funds pulled from the market this week to US$110.5 million Trading history, foreign
VN-Index up .63 (.06 percent) to close at 1,103.06, December 22
Headed into Christmas the Ho Chi Minh City Stock Exchange has finished the week slightly up, with the VN-Index closing the week at 1,103.06 points, up .63 points or .06 percent at the close.
Vietnam securities firms prohibited from paying interest on unused funds
Securities firms will no longer be permitted to pay traders interest on unused funds in their accounts from June 30 2024 the State Securities Commission has said, The Investor is reporting. The argument, according to this article, is that securities firms are essentially acting like banks but it doesn’t make
Ocean freight costs Vietnam to Europe shoot up amid Middle East tensions
Tensions in the Middle East that have led to a number of ships choosing to avoid the Red Sea and this is almost double the price of shipping from Vietnam to Europe, Sustainable Plastics is reporting. Prices for shipping 20 foot containers were in the hundreds of dollars just two
Red-tape may have killed planned K-pop festival in Hanoi
A number of K-pop bands have pulled out of a scheduled K-pop festival slated for this weekend in Hanoi after organisers failed to obtain the correct permits, Allkpop is reporting. With only a handful of bands left on the lineup there is a good chance the event will be cancelled
Foreign trader pull US$22 million from local bourse, December 21
The VN-Index has finished the day up 1.67 points or .15 percent to close at 1,102.43. That said it was local buyers pushing up the index with foreign traders withdrawing another US$22 million from the Ho Chi Minh City Stock Exchange. Foreign trader activity, HoSE, December 21, value Buy Sell
Concerns raised in Vietnam over influx of Chinese FDI in supporting industries
China’s supporting industries are moving production to Vietnam to get around US tariff barriers. This is worrying local supporting industries according to Professor Phan Dang Tuat, Chairman of the Vietnam Supporting Industry Association and referenced by VN Express. He also says that high borrowing costs are also weighing on the
Vietnam’s shipping firms lament new environmental standards
Just 400 out of 1,500 Vietnamese flagged ships have been approved for Energy Efficiency Existing Ship Index (EEXI) ratings. This is problematic in that from January 1, 2024 the EU will charge ships that dock in a member state for the carbon emissions they produce, Vietnam News (state media) is
In today’s news: Corporate bond activity, Ban on forced labour imports, Buffalo meat imports, Proprietary trading sell off, PYN Elite on stock market sell
In today’s news: 2G services to end September 15, Rising deposit interest rates, Samsung earnings H1, Chinese hot pot chain performance, Battery storage ambitions,
In today’s news: ForEx regs overseas investments SOEs, VinFast GSM 5m unit agreement, US cotton shipments to VN, Samsung semiconductor build-out VN, Tay Ninh
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