Author: the-shiv
VN-Index up 6 points to 1,143.7 at close October 10
The VN-Index gained 6 points yesterday to close at 1,143.7, VN Express is reporting. Foreign firms, however, sold more than they bought, withdrawing US$11.6 million from the local bourse. Foreign investor trades on HOSE October 10 VND (billions) US$ Bought 865 35,425,470 Sold 1,149 47,056,491 Change -284 -11,631,021 Most popular
EU firms benefitting more than local firms from EVFTA
VN Express is carrying coverage of a government report on outcomes from the EVFTA, that has found an increase in Vietnam’s trade surplus with the bloc of 35 percent over 2021. It does, however, also point out that the bulk of that trade is being driven by European firms rather
Business confidence among Eurocham BCI survey respondents up
Eurocham has released its Business Confidence Index survey results from Q3 and it is showing a marginal improvement, arresting a steady decline since the start of the year, The Investor is reporting. The index recorded 45.1 points in Q3 up from 43.5 in Q2. Full report: Eurocham Business Confidence Index
Crunch-time approaching for Vietnam’s stock market status upgrade goal
The Investor is carrying an op-ed by Can Van Luc, chief economist at Hanoi-based BIDV bank, in which he points out that time is running out to make the reforms necessary to see the Ho Chi Minh City Stock Exchange (HoSE) upgrade to an ‘emerging market’ before 2025, the time
VN-Index inches up, closes out Monday at 1,137.36 points
The outbreak of violence in the Middle East has pushed global oil prices up and that’s seen oil and gas stocks on the Ho Chi Ming City Stock Exchange receive a boost, VN Express is reporting. That said, foreign investors largely withdrew from the market yesterday, pulling just over US$29
Consumer deposits in Vietnam banks continue to increase despite low-interest rates
At the end of July, consumer deposits in Vietnamese banks were up 8.93 percent over the end of 2022 reaching their highest level ever, Doanh Nhan Vietnam is reporting. This is despite deposit interest rates being on a downward trend. The publication says this is due to a lack of
US firm pays US$218 million to resolve bribery investigation in Vietnam, India, and Indonesia
US firm, the Albemarle Corporation, has agreed to pay US$218 million to settle claims that it paid bribes to secure tenders in Vietnam, Indonesia, and India, The Investor is reporting. In Vietnam, the chemical company paid above-market rates to a sales agent ‘who requested increased commissions to pay bribes to
Local coffee chain starts work on new coffee roasting factory in southern Vietnam
Cao Nguyen Coffee Service (AKA Highlands Coffee) is building a VND 500 billion (US$21 million) coffee roasting facility in southern Vietnam, The Investor is reporting. The coffee chain is among Vietnam’s biggest with 700 stores nationwide and 50 in the Philippines. This new factory will see greater vertical integration for
Vietnam firm’s renewable energy plan ‘defies logic’: The Investor
Local firm Tin Thanh Group’s claim, that it has acquired US$6.4 billion in funding for several renewable energy projects in Vietnam and US, ‘defies logic’ according to local media outlet The Investor. This article breaks down big announcements the Tin Thanh Group has made in the past that never came
AMRO revises Vietnam’s GDP growth forecast up from 4.4 percent to 4.7 percent
The ASEAN+3 Macroeconomic Research Office (AMRO) has revised Vietnam’s GDP growth forecast for this year from 4.4 percent to 4.7 percent, Vietnam Plus is reporting. This puts it in line with World Bank forecasts which were revised down last week from 6.3 percent forecast in April to 4.7 percent in
VN-Index closes out the week at 1,128.5 points
The VN-Index has finished the week at 1,128.5 points, slightly up on Thursday’s close, VN Express is reporting. Though an improvement this is still well below its September peak at just over 1,245 points. Foreign investor trades on HOSE October 6 VND (billions) US$ Bought 904 6,237,600 Sold 768 5,299,200
Results of Vietnam’s TikTok inspection announced
The Ministry of Information and Communications has announced the outcome of an investigation of TikTok’s practices in the country finding a number of breaches of Vietnamese law, VN Economy is reporting. Most of the breaches relate to the censoring of content on the platform and the removal of sensitive content.
Pushback on Vietnam bond market reforms resurfaces
The HCM City Real Estate Association (HoREA) has made overtures to the government to push back the effective date of reforms to the bond market due to take effect from January 1, 2024, Vietnam News is reporting. These reforms were outlined in Decree 65 and came into effect in September
Vietnam bond market shows signs it may be thawing
More than VND 100,000 billion (US$690 million) worth of corporate bonds were issued in the third quarter of 2023, Doanh Nhan Saigon is reporting. This is almost triple the value of bonds issued in the second quarter which suggests the bond market may be recovering. The article, however, does note
Japan pneumatic device maker to increase Vietnam investment
Japan’s SMC Manufacturing, which makes pneumatic instruments, intends to increase its investment in Vietnam to the tune of US$120 million, The Investor is reporting. These funds will be used to expand the firm’s operations in Dong Nai in Southern Vietnam just a few clicks from the country’s financial centre, Ho
Japan electrical cable maker to invest in new operation in southern Vietnam
The Vietnamese arm of Japan electronics firm Wave Crest is set to invest US$10 million in southern Vietnam’s Dong Nai province, The Investor is reporting. The firm specialises in electronic circuit boards and electrical cables, however, the aforementioned article does not detail how the funds will be spent, nor what
Foreign investment in Vietnamese stocks lowest in three years
On October 5, foreign traders bought just VND 384 billion (US$2,649,600) worth of stock on the Ho Chi Minh City Stock Exchange, the lowest investment of foreign capital in a day since August 2020, VN Express is reporting. The VN-Index closed at 1,113.9 points. Foreign investor trading activity, October 5
Vietnam’s coffee exports well down in September year-on-year on higher coffee prices
Vietnam exported 32.7 percent less coffee in September this year compared to September last year, but the total value of said exports, US$205 million, was just 12.8 percent lower, VOV is reporting. Indeed, it was reported a few weeks ago that with sky-high coffee prices, traders had sold most of
China plastics manufacturer to build new factory in southern Vietnam
The Vietnamese arm of Chinese plastics manufacturer Kingfa Science & Technology is set to open a new US$80 million factory in southern Vietnam’s Dong Nai province, The Investor is reporting. What the company will make at the new factory has not been disclosed but the company’s key outputs are plastic
China electronics maker to establish new factory in northern Vietnam
China’s Longstar Lighting Ha Mon Company is set to invest US$25 million in a new factory in Vietnam’s Thai Binh province, The Investor is reporting. The factory will manufacture and assemble LED bulbs and auxiliaries over the four-hectare site. It is expected that when fully operational the factory will have
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