Author: the-shiv
Vietnamese edible-insect startup closes series A funding
Vietnam’s Cricket One, which turns crickets in edible powder, has closed series A funding, according to AgFunder News. They haven’t disclosed how much funding they received but have said its seven figures.
Vietnam’s real estate woes could continue into 2024
Economist Le Xuan Nghia, has predicted that the real estate market turmoil in Vietnam may continue into the third quarter of next year, The Investor is reporting. The article goes on to say that prices are rising because of low-supply which is a result of challenges accessing capital for real
US$31 million budgeted for EVN spin-off to ensure stable electricity supply
The National Power System Dispatch Centre (NPSDC), which used to be a part of the state power provider Electricity Vietnam (EVN), has been spun off into its own entity and will have a budget of VND 776 billion (US$31 million), Tuoi Tre is reporting. For context: The NPSDC copped a
Vietnamese tech giant US IPO delayed
Vietnam’s once-tech-unicorn VNG has announced that it will postpone its IPO in the US possibly until next year, VN Express is reporting. ‘Unfavourable conditions’ have seen VNG reassess its situation, according to the publication. For context: This is yet another in a series of on-again-off-again IPO announcements from VNG dating
More on the US$411 million of treasury bonds issued last week
The Investor is carrying an article with interviews with several economists regarding the US$411 million treasury bond issuance last week. Can Van Luc, chief economist at state-controlled bank BIDV, said it was normal to keep interbank interest rates at appropriate levels. Le Xuan Nghia, a member of the National Financial
Vietnam GDP growth forecast lowered to 5.8 percent: ADB
The Asian Development Bank lowered its forecast for Vietnam for 2023 to 5.8 percent from 6 percent which it forecast earlier in the year in its Asian Development Outlook September 2023, The Investor is reporting. Key reasons for the downgrade listed in the report include Vietnam’s manufacturing output shrinking by
Interest rates on real estate bonds climb on weak consumer sentiment
The average interest rate on real estate bonds last year was 9.76 percent but this has climbed to 13.16 percent as real estate firms struggle to raise capital, according to Tuoi Tre is reporting. Quang Khanh Tran, the general director of Viet An Hoa Real Estate Investment, told the publication
Social media blamed for decrease in newspaper revenue in Vietnam
Domestic media outlets are receiving only about half of the US$4 billion in revenue Vietnam’s media market makes and it’s because of competition from cross-border digital service providers, like social media, according to the Press Department and reported in Doanh Nhan Saigon. This is prpobably true in that social media
Vietnam treasury bills raise relieve pressure on VND
The State Bank of Vietnam has announced that it issued treasury bills to the value of VND 10 trillion (US$411 million) yesterday, The Investor is reporting. The online publication says this is ‘related to exchange rate developments in recent days.’ Pressure has been mounting on the dong in recent months
AI, machine learning used to forecast petrol price in Vietnam?
Vietnam Petroleum Institute (VPI) a part pf PetroVietnam, is apparently using machine learning and AI to predict Vietnam’s petrol price, Vietnam Plus is reporting. Eds note: It’s unclear how or why this might be–petrol prices set by the Ministry of Industry and Trade and the Ministry of Finance based on
Brokerages benefiting a lot from Vietnam’s lower interest rates
The value of stocks in brokerages in Vietnam are through the roof as lower interest rates have drive retail invested to shift their funds from savings accounts to stocks, according to Bloomberg via Yahoo! Finance. This is also reflected in the VNIndex which is up 21 percent according to the
Vietnam Airlines’ Vietnamese pilots to receive a pay rise
A ‘salary fund’ has been approved for Vietnam Airlines that will be used to close the gap between local pilots and foreign pilots working for the national carrier. Currently, Vietnamese pilots are paid less than half of their foreign counterparts, Vietnam News is reporting. It’s not clear from the article
NA electricity report reflects general consensus on pricing mechanism
A National Assembly committee has put together a report on the adjustment mechanism of electricity prices in Vietnam finding that it is insufficient, according to The Investor. The article goes on to break down how electricity adjustments are made, however, the general gist is that it needs to be adjusted
Vietnam ATM withdrawals decrease in volume and value in Q2
ATM withdrawals in Vietnam were down in both quantity and value by 13.5 percent and 17.8 percent, respectively, in the second quarter of this year compared to the second quarter of 2022, Tuoi Tre is reporting. Over the same period transfers between domestic accounts were up 65 percent in volume
Province in southern Vietnam wants to export windpower to Singapore
The People’s Committee of Ca Mau province has put together a report on plans to export wind power to Singapore via 900 kilometres of overhead high-voltage lines and underground cables, according to Tuoi Tre. This is inline with Vietnam’s National Energy Master Plan which says Vietnam should be exporting 5,000
Vietnam’s local debt–bonds and the like–to be subject to international ratings agency
Moody’s is entering into a joining credit rating operation in Vietnam in partnership with a handful of local banks and securities firms, The Investor is reporting. The publication goes on to say that this was initiated by the Vietnam Bond Market Association. For context: Vietnam’s bond market has been riddled
Vietnam’s economic freedom increases slightly: report
Canada’s Fraser Institute has ranked Vietnam 106th out of 165 countries on its Economic Freedom of the World: 2023 Annual Report, VN Express is reporting. The article carries comments from Dinh Tuan Minh, head of research at Market-based Solutions Center for Social and Economic Issues, in which he says “This
Price of gold rings in Vietnam highest this year
Gold rings have hit their highest price this year at VND 58 million (US$2,385) a tael (37 grams) CafeF is reporting. Why it matters: Gold is a popular investment in Vietnam seen as a secure place to store wealth, particularly for older Vietnamese. In this respect the local gold price,
Push for cross-border platforms to open local offices continues
Vietnamnet has published more calls for cross-border platforms to open local offices. This is not news persay, these laws have been in place for some time and seem to have been largely ignored by big players like Google and Facebook. This does suggest that these new regulations requiring these firms
Dairy products dominate list of most reputable F&B firms in Vietnam
Vietnam Report has published a list of the Top 10 Most Reputable Food-Beverage Companies in 2023 and half are dairy firms, Vietnam Plus is reporting. The top 10 were: Vietnam Dairy Products Frieslandcampina Vietnam Nutifood Nutrition Food International Dairy Products VitaDairy Vietnam Moc Chau Dairy Cattle Breeding, Kido Frozen Foods
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