Author: the-shiv
Foreign direct investment approvals in Vietnam hit US$28.85 billion
A total of US$28.5 billion worth of foreign direct investment projects have been approved so far this year, a 14.8 percent increased on a year earlier, VN Express is reporting. Of note: When applying for an investment registration certificate foreign firms need to detail how much money they intend to
VN-Index gains 7.37 (+0.68%) to close at 1,095.43, November 28
The VN-Index reversed course today heading upward 7.37 points to finish out the session at 1,095.43 points. Foreign traders net bought for the third straight day though only US$2 million worth of stocks, a drop in the bucket compared to the US$37.5 million they shed last week. Trades by foreign
Crackdown on loan sharks sees Vietnam lending apps rack up debts
Tuoi Tre is reporting on the phenomenon of borrowers forming groups for tips on advice on how to avoid repaying loans. This phenomenon is attributed to a crackdown on loansharking activities, particularly threatening customers with violence or confiscating personal belongings in lieu of payment. It is mostly focused on short-term
Repayments on 19 percent of Vietnam’s corporate bonds delayed this year
Up to 100 firms that have issued corporate bonds have failed to meet their repayment obligations to investors. These firms represent 19 percent of Vietnam’s corporate bond debt with delayed payments from January to November totalling US$7.92 billion, according to The Investor. Despite bond market reforms throughout the year and
Vietnam’s plastics industry exports on the decline
Plastics exports from Vietnam reached only US3.7 billion from January to September of this year, a 12.2 percent dop year-on-year, Vietnam News is reporting. This has been attributed to the broader global economic slowdown by the Vietnam Plastics Association. Of note: Last week, a request to increase import taxes on
C. bank T-bills expand Vietnam’s bond market by 3.9 percent in Q3
Vietnam’s outstanding bonds hit US$108.6 billion in the third quarter of this year, representing 3.9 percent growth over the previous quarter, Vietnam New is reporting citing an ADB report. Corporate bonds, however, contracted 3.1 percent with the State Bank of Vietnam issuing US$13.5 billion worth of treasury bills to prop
VN-Index -7.55 points (1,088.06) at close, November 27
The VN-Index slipped 7.55 points today, or .69 percent, to round out the first day of the trading week at 1,088.06 points. Whereas over US$486 million dollars worth of trades were carried out, foreign traders were responsible for just US$50.7 million worth. Top traded stocks among foreign investors were VP
Consumer loans on the decline in Vietnam, bad debt up
Consumer loans declined to the six months ending June 30 compared to the end of 2022 by 10.2 percent whereas bad debt increased to 12.5 percent from 10.7 percent, Tuoi Tre is reporting. The publication says this is the most difficult period the market has faced in 15 years.
Vietnam-owned garment firms struggle against foreign counterparts
VN Express is carrying a feature on the garment sector focused on the gap between the levels of success experienced by local firms versus foreign-invested enterprises. It carries a number of key points regarding the challenges the sector currently faces. These include: There is an overemphasis in Vietnam on new
Vietnam football club fails to pay staff, players for months
The Ho Chi Minh City Football Club has failed to pay staff and players to the tune of US$1.23 million, VN Express is reporting. The publication is reporting that this sum is made up of salaries and bonuses and dates back as far as last year. Why it matters: This
Wolfoo-Peppa Pig intellectual property infringement saga continues
The Vietnamese makers of the kids’ cartoon Wolfoo, Sconnect, which is being sued by the makers of Peppa Pig, eOne, for allegedly infringing its intellectual property rights, has complained to the Vietnamese authorities that additions to the lawsuit are outside of the scope of the lawsuit, Vietnam Net is reporting.
Consumer spending in Vietnam’s biggest export market set to slow
Despite higher prices, consumer spending has remained high in the United States, however, this may be about the change, CNN is reporting. High housing costs, and huge levels of debt, along with COVID-era savings almost gone, are making it likely that US consumers will need to slow down spending-wise. Why
Singapore firm inaugurates Asia’s biggest black soldier fly farm in Vietnam
Singapore’s Entobel, opened its latest project in Vietnam last week, a black soldier fly factory to produce feed for Vietnam’s rapidly growing aquaculture industry, per a press release on PR Newswire. Entobel says it chose Vietnam for its: tropical climate, which is the ideal environment for black soldier flies; Vietnam’s
Vietnam has finalised US$15.5 billion just energy transition partnership roadmap
Vietnam has finalised the roadmap for the implementation of the Just Energy Transition Partnership (JETP) it agreed to last year, worth about US$15.5 billion split between public and private investment, CNN is reporting. No details of the agreement have been supplied, however, Reuters reported several weeks ago that it was
VN-Index +7.12 points (1,095.61) at close, November 24
The VN-Index has finished the week up again, though only slightly, increasing by .65 percent. Vietnam’s benchmark index has been relatively stable this week losing just 15.17 points over all. Foreign investment also increased today with foreign traders net-buying US$16.4 million worth of stocks. That said, for the week, they
Korean food delivery service to exit Vietnam December 8
A couple of months ago Korea’s Baemin announced it would be scaling back its operations in Vietnam, today it has said it will leave the market altogether, VN Express is reporting. At the end of the day, it looks like the market was just too competitive and low value. Grab
Import tax hikes suggested to support local plastics business
Vietnam’s Ministry of Finance has knocked back a request from the Long Son Petrochemicals Complex, to increase import tariffs on several plastics products , The Investor is reporting. Why it matters: If it had been approved this would have gone against Vietnam’s general policy of removing barriers to trade. That
Northern Vietnam province looking for approval for casino project
Vietnam’s Quang Ninh province, home to world famous tourist attraction Ha Long Bay, wants to build a US$2.8 billion casino and resort for domestic tourists. Plans have been submitted to the Ministry of Planning and Investment which has asked the Prime Minister to approve the project ‘in-principal’, The Investor is
C.bank governor calls for greater supervision of banks
State Bank of Vietnam (SBV) governor, Hong Thi Nguyen, has advocated greater supervision of credit institutions to Vietnam’s National Assembly, The Investor is reporting. This comes just days after it was revealed a former director of the SBV had accepted a bribe of up to US$5.2 million to look the
VN-Index-25.33 points (1,088.49) at close, November 23
The VN-Index finished the day in the red losing 25.33 points or 2.27 percent. At the final bell it was sitting on just 1,088.49 points. Foreign traders also left the market to the tune of a total of US$18.4 million. Foreign investor trades on HoSE from November 17 to November
In today’s Vietnam news: Internet cafe opening hours restricted, Crypto transfers tax, Proposal courts investigative power reduced, WB upgrade VN to UMI status, Fuel
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
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