Manufacturing & Industry
This category focuses on industrial production, from electronics and textiles to automotive and heavy industry. It covers FDI trends, supply chain developments, factory expansions, and government regulations shaping the industrial landscape. As a key driver of economic growth, manufacturing plays a crucial role in global supply chains, technological advancements, and industrial competitiveness.
U.S. official rejects suggestion Vietnam non-market economy review political
U.S. Under Secretary of State Jose W. Fernandez has told a press briefing that politics will not be a factor in the Department of Commerce’s review of Vietnam’s status, The Investor is reporting. This is after a letter from several prominent US Senators, including former presidential hopefuls Elizabeth Warren and
Key Vietnam manufacturing index rises, sign of improving demand
S&P Global Vietnam Manufacturing PMI hit 50.3 points in January suggesting a slight recovery for the sector–on the index 50 represents break-even with anything lower signalling a contraction and anything above signalling growth. Key takeaways The return to growth is only tentative with employment and purchasing fractionally lower and business
VN-Index falls, foreign traders net-buy US$4.99 million, January 31
Vietnam’s VN-Index fell sharply Wednesday losing 15.34 points or 1.3 percent to close at 1,164.31. Foreign traders, however, bucked the trend net-buying US$4.99 million in stocks. Trading history, foreign investors, last five trading days Buy Sell Change Date VND* US$ VND* US$ VND* US$ 25/1 1,009 $41,310,074 1,145 $46,878,132 -136
Senators Warren, Sanders reject removing Vietnam’s non-market economy tag
Eight US senators have added their voices to those opposed to removing Vietnam’s non-market economy tag, signing a letter to that effect and addressed to the Secretary of Commerce. Among them are former US presidential hopefuls Elizabeth Warren and Bernie Sanders. The letter argues that Vietnam fails to meet all
Corruption perceptions index sees Vietnam drop six places in 2023
Vietnam was ranked 83 out of 180 countries on the Transparency International Corruption Perceptions Index for 2023, down from 77 in 2022, Reuters is reporting. Reuters goes on to point out that this is despite a ‘corruption crackdown’ that has seen a number of high level officials locked up. This
VN-Index up, foreign traders net-buy US$5.25 million, January 30
The VN-Index has continued its steady climb upward this week finishing Tuesday 3.96 points or .34 percent higher to close at 1,179.65 points. Foreign traders returned to net-buying adding an additional US$5.25 million in stocks to their portfolios. Trading history, foreign investors, last five trading days Buy Sell Change Date
VN-Index closes up, foreign traders net-sell US$5.66 million, January 29
Vietnam’s key stock index has closed up .02 points to finish the first day of the trading week at 1,175.69 points. Foreign traders, however, have returned to net-selling, offloading US$5.66 million worth of stocks. Trading history, foreign investors, last five trading days Buy Sell Change Date VND* US$ VND* US$
US$8 million of investment waiting for clarity on renewables in Vietnam
U.S. Undersecretary for Economic Growth and the Environment, Jose Fernandez, has told a press briefing in Hanoi that US firms could invest as much as US$8 billion, but that this hinges on clarity on renewable energy development in the country, Reuters is reporting. This was after meeting with Vietnam’s Prime
Vietnam electricity prices likely to rise, higher production costs
Vietnam’s Ministry of Industry and Trade (MoIT) has suggested electricity prices should rise in May in line with rising production costs, VN Express is reporting. In Vietnam, retail electricity prices are set by the government. The state power provider, EVN, can increase prices up to 3 percent. A price hike
VN-Index up, foreign traders net-buy US$9.8 million, January 26
Vietnam’s VN-Index finished the week on a high, up 5.3 points or .45 percent to close the session at 1,175.67. On a further positive note, foreign traders continued to net-buy into the local bourse to the tune of US$9.8 million. Trading history, foreign investors, last five trading days Buy Sell
Vietnam ambassador pressures US to remove ‘non-market economy’ label
Vietnam’s ambassador to the US, Nguyen Quoc Dzung, has said that including Vientam among the 12 countries in the world the US considers be non-market economies is unacceptable, Reuters has reported. He goes on to say that “So I think if the DOC (Department of Commerce) turned down that, I
VN-Index closes down, foreign traders net-sell US$5.5 million
Vietnam’s VN-index has closed down Thursday recording a fall of 2.6 points or .22 percent to finish the session at 1,170.37. Of note, foreign traders shifted gear and after ten days of consecutive days of net-buying, net-sold US$5.5 million worth of stocks. Trading history, foreign investors, last five trading days
Vietnam petrol retailer representative group denied: name, function not unique
An attempt to unite Vietnam’s petroleum retailers into an ‘association’ has been knocked back by the Ministry of Industry and Trade (MoIT), Tuoi Tre is reporting. The MoIT says the proposed name and function of the group would overlap with the existing Vietnam Petroleum Association (VPA). In Vietnam, ‘associations’ are
US$3.17 billion sitting in trading accounts in Vietnam waiting to be used
There was VND 78 trillion (US$3.17 billion) sitting in cash accounts with securities firms in Vietnam at the end of 2023, according to Tuoi Tre. The article notes that this is an increase of VND 20 trillion (US$812.8 million) over the end of 2023 and also that liquidity on the
Korean Boeing supplier to build plant in Vietnam
South Korea’s KP Aero Industries intends to spend US$20 million on a new assembly plant in Vietnam, Reuters is reporting. Earlier reports from state media suggest the new factory will be in Danang in central Vietnam and cover 20,000 square metres. Whereas this announcement has been met with broad elation
VN-Index down, foreign investors net-buy US$3.6 million, January 24
Vietnam’s VN-Index has closed down 4.53 points or .38 percent to finish the session at 1,172.97 points. Foreign traders continued to buy back into the market purchasing an additional US$3.6 million worth of stocks. Trading history, foreign investors, last five trading days Buy Sell Change Date VND* US$ VND* US$
World Economic Forum report finds Vietnam leads region in sustainability
The World Economic Forum’s The Future of Growth Report 2024 has found that of ASEAN member states included in the report, Vietnam has come out on top in sustainability. Of note, the country received its best scores under sustainability in: Investment in renewable energy as a percentage of GDP. This
Vietnam gaming giant axes planned US IPO
VNG, a Vietnamese tech firm most well known for popular messaging app Zalo, has withdrawn its application to list on the Nasdaq, the South China Morning Post is reporting. The publication notes that VNG declined to comment on the change of plans. A few points of note: Vietnam automaker Vinfast
VNIndex down, foreign traders net-buy US$9.7 million, January 23
The VN Index fell Tuesday losing 5.36 points or .45 percent to close at 1,177.50. This was after foreign traders net-bought into the market just over US$9.7 million worth of stocks. Trading history, foreign investors, last five trading days Buy Sell Change Date VND* US$ VND* US$ VND* US$ 17/1
Loan interest may be forgiven for partners in Vietnam’s Nghi Son refinery
Kuwait Petroleum International is considering waiving the interest on the loans of its partners in Vietnam’s Nghi Son refinery, the Arab Times is reporting. This could also see the interest rate on said loans possibly reduced to 0 percent. The publication notes that at the end of December there was
In today’s Vietnam news: GS TL on AI, Saigon Economic Times last issue, Fuel prices cut, Vinhomes issuing more bonds, Counterfeit Korean cosmetics store,
In today’s Vietnam news: Power supply imports, Hanoi boulevard project protests, Antidumping duties coming for boxes, Maersk container terminal project Hanoi, Vinpearl foreign investment,
In today’s Vietnam news: Credit limits removed for some major projects, Estonian web security company market entry, Vingroup’s Vuong becomes major shareholder LP Bank,
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