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.
Vietnam trailing regional counterparts in stock market IPOs
Vietnam had just 8 IPOs last year compared to 42 in Thailand and 59 in Indonesia, Vietnam News is reporting. The publication’s core argument is that a lack of IPOs, and subsequently diversity, is a turn off for foreign investors. Of note, Thailand and Indonesia are both considered ‘emerging’ markets
VN-Index +2.47 points (1,103.66) at close, November 20
The VN-Index has started the week on a positive note despite revelations over the weekend that more than US$12 billion dollars had been misapproprtiated from Saigon Commercial Bank over a ten year period. All-in-all the local index gained .22 percent to finished the day at 1,103.66, according to HoSE data.
Petrol trading regulations updated to allow retailers to buy from multiple sources
Petrol retailers in Vietnam are now allowed to source petrol from up to three distributors as opposed to one previously, Doanh Nhan Vietnam is reporting. The changes are outlined in Decree 80/2023/ND-CP. Why it matters: Petrol shortages were common last year as oil prices spiked and prices set by the
Chinese tech manufacturer to set up shop in northern Vietnam
HG Tech, a Chinese manufacturer that specializes in optical devices, lasers, sensors and car parts, is planning a US$50 million factory in northern Vietnam’s Bac Ninh province, The Investor is reporting. The factory is slated to cover five hectares and will supply an increasing number of HG Tech customers in
Misappropriation of US$44 billion by bank exec. rattles Vietnam
The chairperson of Van Thinh Phat, Lan My Truong, whose arrest last year resulted in a brief run-on Saigon Commercial Bank (SCB) with which she was heavily involved, embezzled between US$12 billion and US$44 billion, VN Express is reporting. Over roughly ten years, Truong embezzled the funds by writing fake
Shares drop on VinFast US class action: VN Express
VN Express is reporting that shares fell Friday on the Ho Chi Minh Stock Exchange on news out of the US that two law firms were looking to establish class action lawsuits against Vietnam’s Vinfast over breaches in disclosure rules. According to the article, Vinfast is confident this is just
VN-Index -24.34 points (1,101.19) at close, November 17
The VN-Index has finished the week on a downer falling 24.34 points or 2.16 percent to finish the week at 1,101.19. Foreign investor trades on HoSE from November 10 to November 17 Buy Sell Change Date VND US$ VND US$ VND US$ 13/11 1,110 $45,905,715 1,488 $61,538,472 -378 -$15,632,757 14/11
Doubts raised over Vietnam’s ability to generated power from LNG next year
Despite a brand new LNG terminal in southern Vietnam, it’s unlikely Vietnam will be able to use LNG imported until 2025, The Investor is reporting. Vietnam currently has no LNG fired power plants to speak of and the first LNG plant is not expected to come online until the end
Vietnam’s biggest budget airline lifts foreign investor cap to 30 percent
Vietjet announced today that it would lift its foreign ownership cap to 30 percent, The Investor is reporting. Vietjet has been expanding aggressively in the last year or so and this move may be a means to attract more capital to expand even further. That said, by law a maximum
Coffee prices up on increased rain in Vietnam’s coffee belt
The price of January coffee futures in London was up this week after heavy rains in central Vietnam, a key coffee growing region delayed the coffee harvest, Business Recorder is reporting. Domestic coffee prices in Vietnam this week Dak Lak Lam Dong Date Per Kilo Change Per Kilo Change Date
Is it ‘time for an upgrade’ of legalised gambling regulations in Vietnam?
C-level executives at Spectrum Gaming Group, a consultancy specialising in legalised gambling have called for Vietnam to formalise its gaming sector by consolidating legislation and appointing a single regulator, according to an op-ed published in Inside Asian Gaming. They say that the legislation in the sector is currently scattered with
VN-Index +3.03 points (1,125.53) at close, November 16
The VN-Index has continued is winning streak, closing out the day up a small but still better than nothing, 3.03 points or .27 percent, according to HoSE data. Vietnam’s key index is now sitting at 1,125.53. Foreign investors, however, changed their tune from yesterday when they net-bought US$10 million worth
Global talent index ranks Vietnam No. 75
Vietnam has squeezed into the 2023 Global Talent Competitiveness Index in 75th place just behind Mexico in 74th place and ahead of Mongolia at 76, Vietnam Net is reporting. Vietnam, Global Talent Competitiveness Index 2023, key metrics table Metric Description Score Rank Enable Regulatory, market, business and labour landscape 46.78
Concerns Chinese electric bike makers evading EU trade remedies via Vietnam
The European Bicycle Manufacturers Association has raised concerns that Chinese electric bike makers are exporting their products through Vietnam to the EU to avoid antidumping duties, ASL is reporting. This could see the EU apply antidumping duties on electric bikes from Vietnam too. Using Vietnam to circumvent trade remedies has
VN-Index +12.77 points (1,122.50) at close, November 15
The VN-Index has had another positive day rising 12.77 points to 1122.50, an increase of 1.15 percent, according to Ho Chi Minh City Stock Exchange data. There was also positive movement on the foreign trader front with foreign investors net-buying US$10 million of stocks. Foreign investor trades on HoSE from
Survey finds 2023 salary increase in Vietnam of 7.5 percent
Aon’s 2023 Salary Increase and Turnover Report has found that Vietnam has seen an actual salary increase of 7.5 percent this year, Human Resources Online is reporting. The report also found an expected increase in 2024 of 8 percent and says that tech sector wages in Vietnam are expected to
Vietnam Airlines reschedules annual meeting for fourth time
Vietnam Airlines has pushed back its annual shareholders meeting from November 22 to December 16, the fourth time it has rescheduled the event this year, Vietnam News is reporting. The airline recorded an a accumulated loss of US$1.35 billion last year, according to its unaudited financial statements. Why it matters:
Public-private partnerships well below target on missing ministerial guidance
Just two public-private partnership (PPP) agreements have been signed in the last three years because of a lack of guiding documentation from relevant ministries, according to Vietnam Net. The publication says a new decree will soon be forthcoming to try and clear up some of the issues ministries are facing
VN-Index +9.66 points (1,109.73) at close, November 14
The VN-Index continued on its upward trend Tuesday increasing by 9.66 points or .88 percent to close out he session at 1,109.73, according to Ho Chi Minh Stock Exchange data. Foreign investors continued their net-selling trend with another US$13.7 million withdrawn from the market. Foreign investor trades on HoSE from
South Korean biotech firm to build monkey farm in Vietnam
South Korea’s, Eco & Tech Co., a biotech business, plans to build a US$11 million monkey farm in Vietnam’s Khanh Hoa province, The Investor is reporting. The facility will cover 18.7-hectares with the monkeys raised to be used for scientific research purposes. A second phase of the project is slated
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