Author: the-shiv
Vietnam to see minimum wage hike from July 2024
Vietnam’s National Wage council has approved a 6 percent pay raise for Vietnam’s minimum wage workers from July 1, 2024, VN Express is reporting. The Vietnam General Confederation of Labor had been pushing for between 6.48 percent and 7.3 percent whereas the Vietnam Chamber of Commerce and Industry, a peak
US imported US$1 billion in Christmas candles from Vietnam in 2022
The US imported US$1 billion worth of Christmas candles came from Vietnam, Freight Waves is reporting. That’s a lot.
Semiconductor suppliers in Vietnam largely isolated: Digitimes
Semiconductor supply chain participation in Vietnam is mostly in memory manufacturing, packaging, and testing in the north and IC backend and design in the south, with few, if any, supply chains connecting the two, Digitimes is reporting. It also suggests the power supply in the north may be a problem
VN-Index up 4.46 (+0.41 percent) to close at 1,100.76, December 20
The VN-Index has finished the day up 4.46 points or .41 percent to closure at 1,100.76 points. The bloodletting continued for the Ho Chi Minh Stock Exchange in terms of foreign funds leaving the market with an additional US$17 million pulled from the southern bourse. Value of trades made by
Snapshot: Manufacturing in Vietnam, November 2023
Each month the-shiv provides a snapshot of the manufacturing sector in Vietnam covering the latest developments, key performance indicators, and government data. November overview Out of the gates Vietnam’s manufacturing sector started November with some bad news–Samsung Vietnam was estimating it would export just US$57 billion worth of electronics this
Vietnamese most-likely in APAC to travel abroad for concerts: Visa Survey
A total of 41 percent of Vietnamese respondents to a survey carried out by Visa, said they had travelled abroad specifically to attend a concert in the last twelve months, according to a press release from the company. Travelling for entertainment is becoming increasingly common in Vietnam as incomes rise
Bloomberg outlines challenges facing Vietnam’s coffee farmers
Up to half of Vietnam’s current coffee farming land may be unusable in 50 years according to Philipp Navratil, global head of Nestle’s coffee strategic business unit, and quoted by Bloomberg. Local farmers are reportedly pulling out coffee plants in favour of more weather resistant crops like avocado and durian.
Vietnam’s most valuable footballers reveals value in local football league
Vietnam’s most valuable player is half-Czech, half-Vietnamese Filip Nguyen, VN Express is reporting. He’s currently estimated to be worth €600,000 (US$655,700). Of note, Vietnam signed a deal back in September with the Spanish football league, La Liga, to jointly develop the Vietnam Football Federation (VFF). Historically corrupt, and not nearly
Financial services survey covering AI, BaaS, and embedded finance in Vietnam
Financial services software company Finastra, has released its Financial Services State of the Nation Survey 2023 in which interest in technology in financial services ranks highly in Vietnam. Full report: Financial Services State of the Nation Survey 2023 Key takeaways: 94 percent of decision-makers in Vietnam are excited about new
Vietnam looking to import wind power from Laos on lower prices
Vietnam is considering importing wind power from Laos because it’s cheaper, Tuoi Tre is reporting. One project in Laos is offering electricity at 7 cents per kilowatt hour whereas wind power projects in Vietnam that were online before November 1, 2021 receive 9.8 cents per kilowatt hour per a renewable
Vietnam software firm enters US market with vehicle service centre
Vietnam’s FPT has invested in a US$100 million vehicle service centre in Texas, Nikkei Asia is reporting. Dubbed FPT Automotive, the firm intends to supply auto-software the likes of Honda, Ford, and homegrown Vinfast.
VN-Index up 4.42 (0.40 percent) to close at 1,096.30, December 19
The VN-Index has closed after making a slight gain, up 4.42 points or .40 percent to finish the day at 1,096.30. That said, foreign traders continued to exit the market. They net withdrew an additional US$19 million from the Ho Chi Minh Stock Exchange. Value of foreign trades on the
VN-Index down 10.42 points (0.95 percent) to close at 1,091.88, December 18
The VN-Index has finished the first trading day of the week down 10.42 points .95 percent to close at 1,091.88. Foreign investors continued to exit the market en masse. They net sold US$31 million bringing their total exit from the market over the last five trading sessions to US$157 million.
Foreign traders net-withdraw over US$1 billion from Vietnam stock market this year
Foreign investors have withdrawn just shy of US$1.11 billion from the Ho Chi Minh Stock Exchange this year, VN Express is reporting. Key points made include: Active funds are not performing well and shareholders are putting pressure on fund managers to withdraw funds, Foreign funds are restructuring due to risk
Taiwan electronics manufacturer to expand operations in Thai Binh
Taiwan’s Lotes, which makes electronic parts for big brands like Samsung, Sony and Intel is expanding its operations in Thai Binh to the tune of US$25 million, The Investors is reporting. This will bring its total investment in the province to US$125 million. The current operations make computer cables and
Hanoi Stock Exchange has suspended 44 stock for disclosure violations
There are currently 44 stocks suspended from trading on the Hanoi Stock Exchange mostly for failing to provide audited annual reports for three years or more, Tuoi Tre is reporting. The failure of listed firms on all of VIetnam’s stock exchanges to release audited financial reports, or to release them
Japan led consortium approved to build LNG plant in northern Vietnam
A consortium of Japan’s Tokyo Gas and Kyuden International, along with Vietnam’s Truong Thanh Group, has been approved to build a new LNG plant in northern Vietnam’s Thai Binh province, the Borneo Bulletin is reporting. The project is estimated to be worth just shy of US$2 billion.
WTO/IFC Mekong report finds better trade finance could unlock US$58 billion
Greater access to trade finance could boost imports and exports in Cambodia, Laos, and Vietnam by a combined US$58 billion or 9 percent, the Phnom Penh Post is reporting. The findings are in a report released by the World Trade Organisation and the International finance Organisation. Full report: Trade Finance
Snapshot: Vietnam’s Coffee Industry, November 2023
Each month the-shiv provides a snapshot of Vietnam’s coffee industry covering the latest developments, key performance indicators, and government data. Business picked up for Vietnam’s coffee producers in November as the coffee harvest entered full swing. Exports topped US$327 a big jump from US$168 million back in October. There were
Singapore garment firm to in invest in new plant in southern Vietnam
Singapore’s J&H Yubo is set to invest US$19 million in a factory in Dong Nai in southern Vietnam, The Investor is reporting.
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