The Vietnam Stock Market Tracker provides a daily update of the latest developments in the stock market in Vietnam. This includes all of Vietnam’s most important indexes as well as the buying and selling activity of foreign traders, and the biggest gainers and loser for the day.

Another US$544.1 million of t-bills issued to support Vietnam dong, July 2

the-shiv July 2, 2024

This Vietnamese Dong Tracker records the latest news and developments with respect to the local currency. It includes the current prices as well as State Bank of Vietnam monetary policy and open market operations including treasury bill issuances and interbank lending.

Vietnam high-profile stock market manipulation trial to kick-off in July

the-shiv July 2, 2024

Prior to Quyet’s arrest, FLC had been a major real estate developer in Vietnam. The company had properties all over Vietnam as well as an airline–Bamboo Airways–with Quyet at one point reportedly a US dollar billionaire. Well known in Vietnam–idolised by some for his business savvy–his arrest drew a lot of media coverage and his trial will likely too…

VinFast CEO launches affiliate company in Vietnam to buy, lease, sell electric cars

the-shiv July 2, 2024

Of note, FGF will sit beside Vuong’s electric car ride hailing firm Xanh GSM. Xanh GSM has accounted for the lion’s share of electric car purchases from VinFast. However, many of these, it was reported in April, were languishing in a field north of Hanoi with the supply far outstripping demand. With this in mind, FGF could have a major client right off the bat…

South Korean minister offers Vietnam support on nuclear energy

the-shiv July 2, 2024

Nuclear power for Vietnam has been raised again, this time by the South Korean Minister of Trade, Industry, and Energy Ahn Duk-geun, and a Vietnam-South Korea business forum in Seoul. The minister has suggested that South Korea could provide support for Vietnam should it choose to pursue it…

Vietnam records 8.8 million tourist arrivals to June [data set]

the-shiv July 2, 2024

Vietnam’s tourism arrivals reached 8.8 million between January and June of this year an increase of 58.4 percent over the same period in 2023. That said, month on month June saw a decline in tourist numbers of about 9 percent. This is notable in that June is the peak summer travel period for the northern hemisphere…

Vietnam Airports: Foreign Investors Guide 2024

the-shiv July 2, 2024

Vietnam’s airports have been a critical component in Vietnam’s economic development. They are the main entry point for most foreign investors, they facilitate millions of dollars of trade via air freight every day, and they have commanded huge amounts of public investment spurring the country’s economic growth. But Vietnam’s key airports are near, if not over capacity, and expansions are sorely needed. This, however, will take huge amounts of money as well as expertise and support. With this in mind, this guide runs through Vietnam airports, including their needs and development plans…

Vietnam Seaports: Foreign Investors Guide 2024

the-shiv July 2, 2024

Vietnam’s seaports, like Vietnam’s airports, have been a critical component to logistics in Vietnam and subsequently in Vietnam’s economic development. They are the main entry point for most foreign imports and the main exit point for most manufactured goods made in Vietnam. As such they facilitate millions of dollars of…

Vietnam Industrial Production Index gains 10.9 points in June

the-shiv July 1, 2024

Vietnam’s Industrial Production Index recorded a gain of 10.9 points in the twelve months to June of 2024. This is the fourth consecutive month that an increase has been recorded. The biggest gains were in: services related to printing, rubber and plastic goods manufacturing, and plastic goods manufacturing. Conversely the biggest falls were in: production of batteries and accumulators, natural gas exploitation, and production of toys and games…

Hong Kong pharmaceuticals chain Watsons opens first Vietnam-based street store

the-shiv July 1, 2024

Vietnam’s ageing population is a powerful driver for growth in the pharmacy retail market. By 2035, one-fifth of Vietnamese people will be over 60 years of age, according to the United Nations. This demographic shift is driving surging healthcare demand in Vietnam–in 2020, Vietnam had the second-highest healthcare expenditure, as a percentage of GDP, in Southeast Asia, and per capita spending is projected to rise by 9.2 percent annually until 2025, according to a 2020 American Chamber of Commerce in Vietnam–known locally as AmCham–report…

Thai retailer kicks off construction of new mall in northern Vietnam

the-shiv July 1, 2024

Of note, Central Retail’s new mall aligns with the expansion plans of other major players in Vietnam’s retail industry, such as Japan’s Aeon, and South Korea’s Lotte Retail, as well as homegrown Masan, and Vincom Retail, which owns and leases-out a range of commercial spaces around Vietnam. It intends to open six new shopping malls in 2024. This is partly due to a positive outlook for Vietnam’s retail space rentals and the significant development potential of the retail market…

Vietnam statistics office finds second quarter GDP growth at 6.93 percent

the-shiv June 30, 2024

The GSO estimates that the agriculture, forestry and fishery sector grew by 3.34 percent, the industrial and construction sector grew by 8.29 percent, and the service sector grew by 7.06 percent. This is broadly reflected in Vietnam’s top ten individual-item exports in the first five months of this year which registered an average growth rate of 14.9 percent compared to 2023…

Vietnam Value Added Tax cut extended to end of the year

the-shiv June 30, 2024

The VAT is normally 10 percent, however, it was reduced during COVID as an economic stimulus measure to 8 percent. But Vietnam’s economic recovery was in large part thwarted, much like in many other countries, by the Ukraine War and the rising fuel prices that came with it. This has led to extensions of the aforementioned VAT cut for the better part of the last four years…

Singapore firm adds 196 MW to Vietnam renewable energy to portfolio

the-shiv June 30, 2024

Of note, Vietnam ranked second in attracting FDI in renewable energy among developing economies from 2015 to 2022, according to the UN Trade and Development World Investment Report 2023. Key foreign investors in renewables in Vietnam are GE Renewable Energy, Copenhagen Infrastructure Partners, and Enterprize Energy…

Vietnam property market reform laws’ start date moved up to August 1

the-shiv June 30, 2024

Whereas some elements of these laws were already in force, the bulk of the reforms contained therein were not due to kick-in until January 2025. These laws, however, have been slated as a cornerstone of the recovery of Vietnam’s real estate industry which, although showing some signs of improvement, is still floundering. Among the reforms are changes that should open up the local real estate market for Vietnamese living abroad as well as a simplified dispute resolution process…

Vietnam’s adds US$4.1 billion FDI, June [data set]

the-shiv June 29, 2024

Vietnam added another 311 foreign direct invested projects to its 2024 tally in June, along with almost US$4.1 billion in additional capital commitments, according to data from Vietnam’s Ministry of Planning and Investment. The biggest gains were in manufacturing and processing which added 100 new projects and US$3.3 billion…

Vietnam Airlines pursuing loan payment deferral from National Assembly

the-shiv June 29, 2024

Whereas there may be an argument to be made for supporting the national carrier in events outside of its control, in the current circumstances there should be some pause for thought. That said, the airline is a huge operation with lots of moving parts, lots of ancillary businesses that rely on its continued operation, and lots of employees that rely on the airline for their paycheck–it’s unlikely the National Assembly will deny the airlines’ request…

Vietnam consumers hold off on buying new cars waiting for cut in registration fees

the-shiv June 29, 2024

For some context, registration fees can vary between provinces, however, the highest it can be, per Circular 229, is VND 20 million or about US$786. With a 50 percent discount that’s VND 10 million or about US$393. With a new car running at around VND 300 million to VND 500 million this reduction in registration fees is a drop in the bucket. In this context, one reading of this might be that correlation does not necessarily mean causation. It could also be, however, that the love for a good discount in Vietnam is not always entirely rational…

Taiwanese Apple supplier Wistron set to increase investment in Vietnam

the-shiv June 29, 2024

Driven by the US-China trade war and political tensions, Taiwanese tech companies like Wistron have been diversifying out of China and increasing their investments in Southeast Asia, particularly Vietnam. Other major Taiwanese Apple suppliers like Foxconn and Pegatron, for example. There are a number of reasons for this…

Porsche + Singapore EV charging solution provider to build charging network in Vietnam

the-shiv June 28, 2024

Notably, Vietnam’s EV charging network is mostly owned by VinFast, a subsidiary of Vietnamese conglomerate Vingroup. The firm has already developed more than 150,000 EV charging ports nationwide but currently restricts access exclusively to its own EV users. The participation of Charge+ in expanding the charging network for other electric vehicle brands in Vietnam could help reduce difficulties for Chinese EV producers entering the Vietnamese market…