Author: the-shiv
Vietnam hosts 26-nation/territory pharma conference in Hanoi
The Asian Federation for Pharmaceutical Sciences (AFPS) Conference 2023 is being held in Vietnam this week, Vietnam Plus is reporting. Why it matters: Vietnam’s pharmaceutical sector has historically been heavily regulated and has only given foreign firms limited access. But this is changing. Next generation free trade agreements are opening
VN-Index + 33.14 points (1,113.43) at close, November 8
The Ho Chi Ming Stock Exchange has bounce back from yesterday’s fall gaining 33.14 points today pushing it well and truly over then 1,100 point mark. This was a gain of 3.07 percent, according to HoSE data. Foreign investors, however, were less bullish withdrawing VND 266 billion from the market
Japanese investment firm buys into Vietnam’s food and beverage sector
The Singapore based arm of Japan’s Marubeni Corporation has bought into Vietnam’s Asia Ingredients Corporation, VN Business is reporting. The details of the deal have not been disclosed but this is in line with several big moves in recent months in Vietnam’s food and beverage sector–Vietnamese food and beverage conglomerate
Vietnam transport public private partnerships not worth it on high risk, low profits
Minister of Transport Thang Van Nguyen told Vietnam’s parliament on Monday that investors were not interest in taking part in public private partnerships (PPPs) because the returns are low, and the came with high financial risks, The Investor is reporting. He also notes that: The 50 percent the state puts
Intel’s planned expansion in Vietnam has been put on ice
A planned exapansion of Intel’s Vietnam operations will no longer go ahead, according to Reuters. Intel was set to nearly double its operations in the Southeast Asian nation according to the publication. Why it matters: Vietnam has been pushing semiconductor manufacturing as a key step toward its high-tech manufacturing dream.
Korean e-commerce pharma firm to help digitise Vietnam hospital drug distribution market
The firm, BlueMTec, currently operates Blue Pharm Korea a drug distribution platform for hospitals, and will be teaming up with Vietnam’s BuyMed to develop e-commerce drug sales in Vietnam, Korea Biomed is reporting. A part of this deal will see Vietnam import Korea-made pharmaceutical products. Note that foreign firms are
Vietnam back on US currency manipulation monitoring list
That said, the US Treasury did say that none of its trade partners appeared to be manipulating their currencies, according to Reuters. Countries make the currency manipulation watch the meet two of the following three criteria: They have a trade surplus of US$15 billion or more. They have a current
VN-Index 🡇 9.37 points (1,080.29) at close, November 7
The HoSE has ended its four day up-streak finishing Tuesday down o.86 percent, according to HoSE data. Foreign traders got in on the sell-off action too, net-shedding almost US$11 million worth of stocks. The most popular stock for foreign traders in terms of trade turnover was Mobile World Group with
Vietnam’s industrial production index up 0.5 percent over Jan-Oct
This is per General Office of Statistics data and despite the manufacturing sector experiencing a broad downturn in response to lower demand for Vietnam’s exports, VN Express is reporting. Conversely, S&P Global’s Purchasing Manager’s Index has found the sector to be in contraction for most of this year. The index
Increasing bank deposits leading to increased lending costs
Bank profits are down considerably this year and part of this is due to increased lending costs linked to current account savings account (CASA) ratios, according to VN Express. This article is saying that when interest rates were high at the end of last year, people put more money into
Chinese solar firm to increase Vietnam investment almost two-fold
Trina Solar, a Chinese solar panel manufacturer is to increase its investment in Vietnam by US$420 million dollars bringing its total investment in the country to US$900 million, Tuoi Tre is reporting. Of note, solar panels exported from China to the US are subject to antidumping duty (ADD) and countervailing
German tech manufacturing firm opens factory in northern Vietnam
The Harting Technology Group has opened a new, 2,500 square meter factory in Vietnam’s Hai Duong province, Cong Thuong is reporting. The German company currently manufactures electronic connectors and industrial-grade data cables.
🇻🇳 Central bank governor says credit growth cap to stay
State Bank of Vietnam (SBV) governor, Hong Thi Nguyen, has said that the 14 percent limit on bank lending each year will not be removed, Reuters is reporting. She said that removing the limit could result in excessive lending. Some context: Last year, Vietnam’s credit growth limit was reached in
VN-Index 🡅 12.88 points (1,089.66) at close, November 6
The Ho Chi Minh City has started the week on a positive note, finishing Monday at 1,089.66 points, up 1.2 percent on Friday’s close, according to HoSE data. It wasn’t just local traders buying either. Foreign investors net bought almost US$14.5 million worth of stocks, a promising sign at the
Snapshot: Vietnam’s Stock Market, October 2023
The Ho Chi Minh Stock Exchange (HoSE) started October in an interesting place. The State Bank of Vietnam (SBV) was in the midst of a series of treasury bill issues with billions of dong being pulled from the market every day. Uncertainty over the impact this would have on the
🇻🇳 Textile and garment firms still struggle amid low demand in key export markets
The 3,700 workers Garmex Saigon Corporation had in 2021 was whittled down to 1,900 workers last year, and this year has dropped to just 37 on lower demand for Vietnamese garments, Dan Tri is reporting. Why it matters: Layoffs have been common throughout the industry this year and attributed mostly
Vietnam tech workers laid off on low demand, lack of skills
Vietnam’s tech sector has been hit with a wave of layoffs on the back of reduced demand but also a lack of skills, VN Express is reporting. It’s quoting data from TopDev which found that almost 90 percent of companies were looking to recruit less than 50 programmers this year,
Skilled labour needed for high-tech manufacturing boom, still a ways away
‘Experts’ are calling for a comprehensive investment strategy to encourage university students to enrol in STEM subjects, Vietnam Plus is reporting. The percentage of students enrolled in STEM subjects in Vietnam in 2021 was 28.7 percent compared to 46 percent in Singapore, 50 percent in Malaysia, 35 percent in South
Lunar New Year public holiday in Vietnam to be held February 8 to 14
That is from the Thursday before the actual Lunar New Year to Wednesday of the week after, as reported by Vietnam Plus. Note that the five public holidays legislated for the Lunar New Year (Tet) in Vietnam are at the discretion of the government and change every year. Also, it’s
Does Vietnam need to be a part of a ‘coffee cartel’ to increase the value of its coffee exports?
Major coffee producers in the Global South should band together to form a ‘coffee cartel’ something like what OPEC is for major oil-producing countries, according to an op-ed by Keun Lee, an economics professor at Seoul National University. Essentially, Lee argues that Global South producers should band together, consolidate small-scale
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