Author: the-shiv
VN-Index -24.34 points (1,101.19) at close, November 17
The VN-Index has finished the week on a downer falling 24.34 points or 2.16 percent to finish the week at 1,101.19. Foreign investor trades on HoSE from November 10 to November 17 Buy Sell Change Date VND US$ VND US$ VND US$ 13/11 1,110 $45,905,715 1,488 $61,538,472 -378 -$15,632,757 14/11
Doubts raised over Vietnam’s ability to generated power from LNG next year
Despite a brand new LNG terminal in southern Vietnam, it’s unlikely Vietnam will be able to use LNG imported until 2025, The Investor is reporting. Vietnam currently has no LNG fired power plants to speak of and the first LNG plant is not expected to come online until the end
Vietnam’s biggest budget airline lifts foreign investor cap to 30 percent
Vietjet announced today that it would lift its foreign ownership cap to 30 percent, The Investor is reporting. Vietjet has been expanding aggressively in the last year or so and this move may be a means to attract more capital to expand even further. That said, by law a maximum
Coffee prices up on increased rain in Vietnam’s coffee belt
The price of January coffee futures in London was up this week after heavy rains in central Vietnam, a key coffee growing region delayed the coffee harvest, Business Recorder is reporting. Domestic coffee prices in Vietnam this week Dak Lak Lam Dong Date Per Kilo Change Per Kilo Change Date
Is it ‘time for an upgrade’ of legalised gambling regulations in Vietnam?
C-level executives at Spectrum Gaming Group, a consultancy specialising in legalised gambling have called for Vietnam to formalise its gaming sector by consolidating legislation and appointing a single regulator, according to an op-ed published in Inside Asian Gaming. They say that the legislation in the sector is currently scattered with
VN-Index +3.03 points (1,125.53) at close, November 16
The VN-Index has continued is winning streak, closing out the day up a small but still better than nothing, 3.03 points or .27 percent, according to HoSE data. Vietnam’s key index is now sitting at 1,125.53. Foreign investors, however, changed their tune from yesterday when they net-bought US$10 million worth
Retail association calls for extended delay on tighter bond market regulations
The HCMC Real Estate Association (HoREA) has called for an extension of Decree 08/2023 which has delayed to the implementation of tighten bond market regulations outlined in Decree 65/2020, The Saigon Times is reporting. Decree 65 when fully implemented would see bonds given credit ratings and bond market interactions limited
Global talent index ranks Vietnam No. 75
Vietnam has squeezed into the 2023 Global Talent Competitiveness Index in 75th place just behind Mexico in 74th place and ahead of Mongolia at 76, Vietnam Net is reporting. Vietnam, Global Talent Competitiveness Index 2023, key metrics table Metric Description Score Rank Enable Regulatory, market, business and labour landscape 46.78
Concerns Chinese electric bike makers evading EU trade remedies via Vietnam
The European Bicycle Manufacturers Association has raised concerns that Chinese electric bike makers are exporting their products through Vietnam to the EU to avoid antidumping duties, ASL is reporting. This could see the EU apply antidumping duties on electric bikes from Vietnam too. Using Vietnam to circumvent trade remedies has
Vietnam real estate firm wants to settle outstanding bond debts with property
Real estate firm Novaland has proposed using unsold properties in its Grand Manhattan development in Ho Chi Minh City to cover outstanding bond debts, Vietnam News is reporting. It’s not clear that this resolution has been accepted or that it will be by creditors. The bond debt is outstanding from
VN-Index +12.77 points (1,122.50) at close, November 15
The VN-Index has had another positive day rising 12.77 points to 1122.50, an increase of 1.15 percent, according to Ho Chi Minh City Stock Exchange data. There was also positive movement on the foreign trader front with foreign investors net-buying US$10 million of stocks. Foreign investor trades on HoSE from
Survey finds 2023 salary increase in Vietnam of 7.5 percent
Aon’s 2023 Salary Increase and Turnover Report has found that Vietnam has seen an actual salary increase of 7.5 percent this year, Human Resources Online is reporting. The report also found an expected increase in 2024 of 8 percent and says that tech sector wages in Vietnam are expected to
Vietnam Airlines reschedules annual meeting for fourth time
Vietnam Airlines has pushed back its annual shareholders meeting from November 22 to December 16, the fourth time it has rescheduled the event this year, Vietnam News is reporting. The airline recorded an a accumulated loss of US$1.35 billion last year, according to its unaudited financial statements. Why it matters:
Public-private partnerships well below target on missing ministerial guidance
Just two public-private partnership (PPP) agreements have been signed in the last three years because of a lack of guiding documentation from relevant ministries, according to Vietnam Net. The publication says a new decree will soon be forthcoming to try and clear up some of the issues ministries are facing
VN-Index +9.66 points (1,109.73) at close, November 14
The VN-Index continued on its upward trend Tuesday increasing by 9.66 points or .88 percent to close out he session at 1,109.73, according to Ho Chi Minh Stock Exchange data. Foreign investors continued their net-selling trend with another US$13.7 million withdrawn from the market. Foreign investor trades on HoSE from
South Korean biotech firm to build monkey farm in Vietnam
South Korea’s, Eco & Tech Co., a biotech business, plans to build a US$11 million monkey farm in Vietnam’s Khanh Hoa province, The Investor is reporting. The facility will cover 18.7-hectares with the monkeys raised to be used for scientific research purposes. A second phase of the project is slated
Piracy concerns raised over withdrawal of foreign TV services from Vietnam
The Ministry of Information and Communication (MIC) has speculated that the withdrawal of several international film and television brands, namely Amazon Prime Video and Disney+, from the local market may see video pirates fill the void, Saigon Giai Phong is reporting. Why it matters: Regulations created by the ministry are
2020 resolution fails to realise shift to market based electricity pricing
A government resolution issued in 2020 declared that electricity pricing needed to be transparent and determined by market rules, however, there is still a huge mismatch between input costs and retail prices, Vietnam Net is reporting. Key takeaways: Before this year electricity prices has not increased since 2019; Several provinces
Highlands Coffee passes 700 store mark in Q3, 2023
Vietnamese coffee chain, Highlands Coffee, majority owned by Filipino fast food conglomerate Jolibee, extended its network of stores beyond 700 between Vietnam and the Philippines, the World Coffee Portal is reporting. It currently has 43 outlets in the Philippines and 682 stores in Vietnam–making it the biggest coffee chain in
VN-Index -1.16 points (1,100.07) at close, November 13
The VN-Index fell 1.61 points today or 0.15 percent to finish the day at 1,100.07 points, according to Ho Chi Minh Stock Exchange data. Foreign traders left the market to the tune of US$15.5 million. This brings the total value of shares net-sold by foreign investors over the last five
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