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Category: Explainers

Vietnam’s Foreign Investor Stock Sell-Off: Unpacked 2024

On March 27, foreign traders net-sold US$73.8 million worth of Ho Chi Minh City Stock Exchange–known colloquially as the HoSE–stocks. This was the biggest single-day net withdrawal from the market since at least December. It was, however, part of a trend that has seen foreign traders exit the market to the tune of US$1.18 billion in the six months to May 3 alone…

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Vietnam’s Rare Earth Partnership Contenders: Unpacked

For a brief month or two last year, Vietnam’s rare earth reserves were a hot commodity (pun intended). This was on the back of a whirlwind visit to Hanoi by the President of the United States, Joseph Biden, during which he announced the US would support Vietnam with mapping its

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Vietnam’s Offshore Wind Power Holdup: Unpacked

At the beginning of March of this year, a 100-ton wind turbine fell apart over a fish and shrimp farm in Vietnam’s Bac Lieu province. No one was injured but some three weeks later the owner of the shrimp farm made a compensation claim in the amount of VND 160

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The Dong’s Wild Ride: Unpacked

The day that Russia invaded Ukraine, on February 24, 2022, the Vietnamese dong was trading at 22,843 dong to one US dollar–it had barely moved since the start of the year. This was in line with much of the past decade in which the local currency had only depreciated marginally,

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Insolvency in Vietnam 2024: Unpacked

In March of last year, faced with mounting losses and limited revenue, APAX English, a chain of English centres that were once all over Vietnam, took to offering its creditors household appliances in lieu of cash to cover its outstanding debts. This was after years of delayed or entirely missed

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Vietnam’s Real Estate Market Recovery 2024: Unpacked

At the beginning of last year, construction work on buildings in Vietnam was slowly winding down as the real estate industry ground to a halt. Hard hats were hung up and cranes ten stories high fell dormant leaving the cement shells of unfinished residential towers standing dark and empty–cold reminders

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Vietnam’s Airline Industry Turbulence: Unpacked

When Vietnam’s Bamboo Airways first took to the skies in January of 2019, everything was looking up for Vietnam’s airline industry–not only was international tourism flourishing but rising incomes among middle-class Vietnamese were fueling a boom in domestic tourism as well. In fact, the route between Hanoi and Ho Chi

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Vietnam’s Semiconductor Manufacturing Ambitions: Unpacked

It was 2008. The world was in the throes of the global financial crisis and businesses and consumers were tightening their belts all over the world, Intel, however was expanding. Specifically, it was building its biggest chip factory at the time in southern Vietnam.  This was something relatively new for

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The US Election and Vietnam: Unpacked

In a bun cha restaurant in Hanoi’s Old Quarter there is a plastic table and chairs encased in an acrylic box, an homage to Barack Obama who once ate at the restaurant with Anthony Bourdain back in 2016. No such monuments exist for either Joseph Biden or Donald Trump. Both

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Vietnam’s Stock Market Upgrade Opportunity: Unpacked

Over the course of 2023, foreign investors exited their positions in the Ho Chi Minh City Stock Exchange–or the HoSE–to the tune of more than US$1 billion.  This mass exodus could have been for any number of reasons: demand in key export markets was faltering, several financial crimes had been

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Unpacked: Vietnam’s Non-Market Economy Review

In 2021, it was announced that raw honey from Vietnam would be subjected to antidumping tariffs in the United States. Vietnam was not alone, Argentina, Brazil, and India were also subjected to similar orders. What was different for Vietnam, however, was how the US Department of Commerce–the DOC–carried out its

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Vietnam Stock Market Indexes: Quick Guide 2024

The Vietnam stock market index most commonly used is the VN-Index. This is made up of a basket of stocks listed on the Ho Chi Minh City Stock Exchange–or HoSE for short–and is published and analysed in most major news publications in Vietnam daily. That said, there are several other

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The Gold Price in Vietnam: Explained 2024

The gold price in Vietnam is more often than not much higher than it is in the rest of the world. In fact, in 2023, at its peak, it was around 20 percent higher owing to a number of factors including the limited supply, huge demand, and a regulatory environment

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Vietnam Beer: What You Need To Know in 2024

Vietnamese are among the biggest beer drinkers in Southeast Asia. In fact, by consumption, international beverage and hospitality firm, Kirin Holdings, found that Vietnam had the seventh highest beer consumption in the world after Germany but, notably, before the United Kingdom which was in position eight. This preference for beer,

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Made in Vietnam: Brands and Goods 2024

Over the past two decades, generous tax incentives and an abundance of low-cost labour have made Vietnam a very attractive option for firms looking to diversify their manufacturing supply chains. Specifically, Vietnam’s exports have grown surprisingly fast, with just US$19.9 billion worth of exports in 2002 compared to a whopping

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Minimum Wage in Vietnam 2024: Your Questions Answered

Vietnam’s minimum wage is an attractive drawcard for businesses in a broad range of industries. Among the lowest in Southeast Asia, foreign firms may be able to realise real value by making the most of this low-cost labour. That said, the minimum wage should not be conflated with the average

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Vietnam Footwear Manufacturers: Quick Guide 2024

Vietnam footwear manufacturers count themselves as part of one of the biggest footwear manufacturing industries in the world. Trailing only India and China, this relatively small country exported footwear to the tune of US$19.94 billion in 2023, made for some of the most well-known footwear brands. From sandals to running

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Vietnamese Coffee Brands: Quick Guide 2024

Coffee culture is a big part of life in Vietnam. From the streets of Hanoi to the mountains of Da Lat, casual conversation over coffee with friends has become a national pastime.  Vietnam has also developed its own unique ways of drinking coffee. From coconut coffee to egg coffee, to

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Vietnamese Instant Coffee: Quick Guide 2024

Vietnamese instant coffee is not as well known or talked about as its filter-coffee counterpart but it is still very popular. Locally, instant coffee is found in most offices and households around the country. Furthermore, as one of the world’s biggest coffee producers and exporters, Vietnam is also known for

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Vietnam Clothing Suppliers: Quick Guide 2024

Vietnam clothing suppliers are many and varied, producing any number of items of clothing from shoes to hats and everything in between. This is off the back of low labour costs and a long history of making clothing, both bespoke and mass manufactured. This has also seen this burgeoning Southeast

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