Author: the-shiv
LNG terminal in southern Vietnam ready to operate
Vietnam’s first LNG terminal, located south of Ho Chi Minh City, is ready to operate, Vietnam Plus is reporting. About 20 million cubic meters of LNG has already passed through the terminal and it is expected that number will increase to 1.4 billion cubic meters a year. For context: Vietnam
Vietnam has its first voluntary carbon emissions exchange
On Friday, Vietnam’s CT Group launched a subsidiary called the ASEAN Carbon Credit Exchange, which Vietnam Plus has reported, will be Vietnam’s first carbon exchange. Light on details as to how it would actually work, the publication outlines key drivers for its development, namely the EU’s Carbon Border Adjustment Mechanism
Total t-bills issued by State Bank of Vietnam hits US$3.7 billion
The State Bank of Vietnam issued another tranch of t-bills yesterday to the tune of VND 20,000 (US$819.7 million), VN Express is reporting. This brings the total value of bills issued this month to US$3.7 billion.
General Statistics Office Q3 data shows GDP growth to September at 4.24 percent
The General Statistics Office has said Vietnam’s GDP reached 4.24 percent in the first nine months of the year, VN Economy is reporting. This is well below the 6.5 percent target set at the start of the year and would require a mammoth effort to hit with only three months
Standing committee agrees to submit draft resolution on global minimum tax to NA
The National Assembly’s (NA) Standing Committee, a small group of lawmakers that make key decisions when the NA is not in session, has agreed to submit a resolution on implementing the global minimum tax (GMT) when it sits next in October this year, VN Economy is reporting. The GMT has
Calls to allow greater devaluation of the Vietnamese dong
Dr Huan Huu Nguyen, from the Ho Chi Minh City University of Economics, has told Donah Nhan Vietnam that the VND should be allowed to fluctuate within a greater range and that Vietnam should accept a short-term devaluation. Currently, the dong operates in a trading band of 5 percent either
Images of Google’s new smartphone leaked from a Vietnam factory
Technave has published images of the Google Pixel 8 Pro smartphone that it says have come from a factory in Vietnam. This is a week before the official unveiling. Why it matters: Intellectual property protection is a key concern for foreign manufacturers entering the Vietnam market. These leaks do not
Vietnam’s strengths and weaknesses from Global Innovation Index report
Vietnam is up two places on the Global Innovation Index, now ranked 46 out of 132 countries, state media is reporting. The article focuses on input and output performance but misses the table below that lays out Vietnam’s innovation strengths and weaknesses. Full report. Strengths Weaknesses Rank Indicator name Rank
IMF report pushes fiscal over monetary policy to boost Vietnam’s economy
The IMF has released the results of its Vietnam Staff Report for the 2023 Article IV Consultation which pushes for more spending to boost the economy in light of limited room to adjust monetary policy. Key takeaways: The IMF noted that high growth rates over the medium term could be
Electric vehicle battery public relations blitz continues
Vietnam News is carrying an article that breaks down how electric vehicle batteries are made and proselytises how safe they are. For context: It was widely reported, in the mainstream media, two weeks ago that the fire in Hanoi that killed 56 people started when the battery in an electric
Calls for market orientated electricity prices on back of rising coal costs
State electricity provider, Electricity Vietnam, incurred a loss of more than VND 28.7 trillion (US$1.18 billion) in the first eight months of the year, a loss 9 percent bigger than that of the whole of 2022, Vietnam News is reporting. A representative of EVN told the publication that this was
Vietnam’s Bamboo Airways can’t pay its pilots
Bamboo Airways has been haemorrhaging pilots over the late payment of salaries, Reuters is reporting. This comes after Japanese airline expert Oshima Hideki left the position of Chairman of the Board at Bamboo after just a couple of months on the job. The embattled Bamboo Airways has made a number
Donation to Oxford college from Vietjet CEO falls through
A US$188 million pledge to Oxford college from Vietjet’s CEO Thao Phuong Thi Nguyen has been put on ice due to legal constraints around moving the money out of Vietnam, The Telegraph is reporting. The donation would have seen Oxford’s Linacre College renamed Thao College after the donor. It’s not
State Bank of Vietnam issues more treasury bills, total hits US$2 billion
The State Bank of Vietnam completed its fourth bond issue in the past two weeks to the tune of another VND 20 trillion (US$829 million), Donah Nhan Vietnam is reporting. This brings the total value of bonds issued since the start of last week to VND 50 trillion (US$2 billion).
Vietnam state media confirms T-bills issued to support local currency
If there was any doubt as to why the State Bank of Vietnam has been issuing treasury bills, this article in state media outlet Vietnam News should clear it up. “The SBV has also been making its own moves to address the rising exchange rate including the recent issuance of
Food company in northern Vietnam to branch out into electric vehicles
The Cencon Vietnam Company, known for frozen foods and consumer goods, has announced it intends to branch out into electric vehicles, The Leader is reporting. A new company will be established–the Cencon Electric Car Company–with start-up capital of VND 80 billion (US$3.3 million). The article suggests this new company will
Chinese press dubbs US-Vietnam rare earth ambitions ‘unrealistic’
The China Daily has run an op-ed in which it says the US and Vietnam lack the technology (which China has) to effectively mine and process Vietnam’s rare earth deposits reportedly the second biggest in the world. China withholding the necessary technology Vietnam needs to develop its rare earths industry
Mixed views on whether State Bank of Vietnam will cut interest rates again this year
Doanh Nhan Vietnam has compiled a range of views on whether or not the State Bank of Vietnam (SBV) will or even can reduce interest rates before the end of the year. Speculation is varied with UOB and MB Securities predicting further cuts and Rong Viet Securities, Maybank Securities, and
State Bank bills issued last week actually worth more than US$1.2 billion
Whereas it was reported last last week that the State Bank of Vietnam had issued US$411 million in treasury bills, it turns out this was the final of three bill issuances last week collectively totalling just shy of VND 30,000 trillion (US$1.2 billion), Doanh Nhan Vietnam is reporting. This should
Securities firms urge calm as VN-Index plunges
VinaCapital and Dragon Capital, two of the biggest trading firms in Vietnam, have urged other investors to stay calm and not react to rumours, after the VN-Index lost 40 points or 3.34 percent of its value on Monday, VN Expres is reporting. For context: Rumours spread Friday that several members
In today’s news: IMF raises growth forecast, MoF suggests increase State funds at commercial banks, Inflation up, FDI YTD, Vietnam Today to launch on
In today’s news: Corporate bond activity, Ban on forced labour imports, Buffalo meat imports, Proprietary trading sell off, PYN Elite on stock market sell
In today’s news: 2G services to end September 15, Rising deposit interest rates, Samsung earnings H1, Chinese hot pot chain performance, Battery storage ambitions,
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