Author: the-shiv
Coffee prices down on increased supply at start of harvest
Domestic green coffee is down 15 percent compared to its September peak, VN Express is reporting. According to sources quoted in the article this is due to: Farmers holding onto their beans while they wait for prices to rise; It’s the start of the harvest season which means more supply;
Vietnam food processing firm fined US$9,660 for stock market disclosure breaches
Kido, one of Vietnam’s biggest food processing firms, has been fined for three breaches of Ho Chi Minh Stock Exchange disclosure rules, The Investor is reporting. Breaches and accompanying fines include: For the non-disclosure or late disclosure of information Kido was fined US$4,830; For not submitting to the Hanoi Stock
Vietnam stands to make US$600 million in tax revenue from GMT in 2024
If a Global Minimum Tax comes into force in all OECD member states from the start of 2024, and Vietnam has a top-up tax in place, the country could benefit to the tune of US$600 million in increased tax revenue a government report has found, The Investor is reporting. In
Singapore firm to add 245 MW in Vietnam renewable energy to portfolio
Singapore’s Sembcorp Industries has said it intends to spend US$160.3 million on renewable energy assets in Vietnam, The Investor is reporting. This will include wind, solar, and hydro power purchased from local investment firm Gelex.
Danang investor fined US$61,000 for stock market manipulation
A man in Danang was using 76 accounts belonging to 21 investors to manipulate the price of a real estate firm listed on the Ho Chi Minh Stock Exchange, The Investor is reporting. He has subsequently been banned from trading for two years and fined US$61,000. See also: Stock market
Vietnam’s biggest oil refinery needs more Vietnamese leadership: PM
In a visit to Vietnam’s Nghi Son oil refinery on Saturday, Vietnam’s Prime Minister, Pham Minh Chinh, said that the challenges facing the refinery could be solve with more local leadership and more decentralisation, The Investor is reporting. “There need to be more Vietnamese people in the company’s leadership. More
Snapshot: Vietnam’s Coffee Industry, October 2023
Business in Vietnam’s coffee industry was slower than usual in October as a result of limited supplies. Part of this was after higher prices earlier in the year saw traders liquidate their supplies. As a result, just US$168 million worth of coffee left Vietnam a fraction of the US$3.23 billion
Snapshot: Manufacturing in Vietnam, October 2023
Each month the-shiv provides a snapshot of the manufacturing sector in Vietnam covering the latest developments, key performance indicators, and government data. Overview Vietnam’s manufacturing industry continued to struggle in October compared to a year earlier. Lower demand in key export markets due to a number of global challenges continued
VN-Index -12.21 points (1,101.68) at close, November 10
The HoSE has finished the week slightly down on yesterdays close after a pretty good week relative to the week before. The benchmark index dropped 12.21 points today to finish at 1,101.68 points, down 1.10 percent, according to HoSE data. Foreign investors net sold US$9.6 million worth of stocks, pulling
State Bank of Vietnam puts hold on t-bill issues
Yesterday, for the first time in nearly two months the State Bank of Vietnam issued no new treasury bills, VN Express is reporting. The publication does not speculate as to why that might be. That said, the US dollar experienced a sharp drop earlier this week against the Vietnamese dong
Chinese electronics maker to more than double investment in Vietnam
Chinese firm Luxshare-ICT is set to expand its operations in Vietnam’s Bac Giang province by $330 million, The Investor is reporting. This will bring its investment in Vietnam to US$504 million. Luxshare-ICT makes cables for various electronic devices.
Shift from cash-up-front to consignment weighing on Vietnam exporters
Exporters are struggling under the weight of their export partners shifting to consignment-based payment arrangements rather than cash-up-front, according to Vu Hoang Ta Bui, director of Ho Chi Minh City’s Department of Industry and Trade. He also says that green production requirements–the European Union’s Strategy for Sustainable and Circular Textiles
People’s Committee personnel changes delay Saigon’s second airport
Minister of Transport, Thang Van Nguyen, told the National Assembly yesterday that the Long Thanh airport, in Dong Nai, has been delayed because of personnel changes at the provincial People’s Committee, The Investor is reporting. There are no details as to how personnel changes have impacted the airport’s progress. Nguyen
Vietnam’s electricity price goes up by 4.5 percent
Vietnam Electricity (EVN) has announced that electricity consumers will see a price hike on their next bill of 4.5 percent, Saigon Giai Phong is reporting. This is the second time electricity prices have gone up this year. For context, last year EVN reported a loss of US$1.5 billion with rises
VN-Index + 0.46 points (1,113.89) at close, November 9
The HoSE has finished up today but only marginally, gaining 0.46 points or 0.04 percent to finish the day at 1,113.89, according to HoSE data. That said, foreign investors bailed on the market en masse withdrawing VND 806 billion or US$33.1 million. Foreign investor trades on HoSE from November 4
Japan chemical firm plans new factory in southern Vietnam
Japanese chemical maker, Tosoh, has put forward a proposal for a 12-hectare factory in southern Vietnam’s Ba Ria-Vung Tau province, The Investor is reporting. Vietnam exported US$4.9 billion in chemicals and chemical products in 2022 and imported US$17.6 billion in chemicals and chemical products in 2022.
Singapore real estate firm to develop 5.6 hectares in Hanoi’s west
Singapore real estate developer, CapitalLand, intends to drop US$738.6 million on developing nine towers comprising 4,000 units, in Hanoi’s west, The Investor is reporting. Why it matters: Vietnam’s real estate sector is on struggle street mostly because of a number of fraud cases that emerged in corporate bonds issued by
🇻🇳 Global Minimum Tax (GMT) finds its way onto current NA sitting agenda
Whereas it was reported last month that GMT legislation was not ready and therefore would not be presented to the current sitting of the National Assembly (NA), and therefore there would be no GMT in Vientam by 2024, the situation has now changed and it is being reported a resolution
New HoSE retail trading accounts fall by 378,000 in October
The number of Ho Chi Minh Stock Exchange retail trading accounts opened fell below the number of accounts closed in Ocotober, VN Express is reporting. Just 167,700 accounts were opened in October. Furthermore, in the same month 545,400 accounts were closed. The article points out that traders are allowed to
Notes on Vietnam’s up coming radio frequency auctions
Vietnam’s Ministry of Information and Communication has announced it will auction several radio frequencies, specifically the band from 2,500 to 2,600MHz, with the goal of boosting the country’s 5G rollout, Vietnam Investment Review is reporting. The starting price for the auction is US$167.93 million for a 15 year contract. These
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