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.
Does Vietnam need to be a part of a ‘coffee cartel’ to increase the value of its coffee exports?
Major coffee producers in the Global South should band together to form a ‘coffee cartel’ something like what OPEC is for major oil-producing countries, according to an op-ed by Keun Lee, an economics professor at Seoul National University. Essentially, Lee argues that Global South producers should band together, consolidate small-scale
Why the National Australia Bank’s Hanoi innovation center awards matter
The National Australia Bank’s innovation centre in Hanoi has been recognised as among the best places to work and as one of the fastest-growing businesses at the Asia-Pacific Business Awards 2023, Cafe F is reporting. Of interest, however, is that a number of foreign banks have entered the Vietnamese market
Snapshot: Vietnam’s Economy, October 2023
At the start of October, it became clear that Vietnam was coming to terms with the fact that the huge annual growth it had seen before and directly after COVID had come to an end. The writing had been on the wall for some time but it was finally officially
VN-Index 🡅 1.31 points (1,076.78) at close, November 3
The HoSE has finished the week up again, with a 1.31 point rise or 0.12 percent to close at 1,076.78, according to HoSE data. Foreign traders bought back into the market today to the tune of US$10 million. Foreign investor trades on HoSE from October 30 to November 3 Buy
US firm plans to build amusement park in Hanoi
US firm Rosen Partner is planning to build a themepark in Hanoi, The Investor is reporting. There is a huge dearth of additional information in that the article mentions no other details at all. Rosen Partners is actually a real estate firm and appears not to have any amusement park
‘Highly possible’ SBV will sell dollars under futures contracts: state media 🇻🇳
A stronger US dollar and already very loose monetary policy in Vietnam is leaving the State Bank of Vietnam (SBV) with few options left to manage the local currency and it may need to sell dollars under futures contracts, VietnamNet has said. Of note: The dong is on a floating
First privately owned waste-to-energy plant in Vietnam begins operation
A US$58 million waste-to-energy plant in northern Vietnam’s Bac Ninh province has officially started operating, Vietnam Plus is reporting. The project is a joint venture between Vietnam’s Green Star Environmental Company and South Korea’s Green Star Environmental Company Chosun Refractories ENG and SK Ecoplant. The plant can process 800 tonnes
Vietnam ‘unlikely’ to reach 6 gigawatt offshore wind power target by 2030
This target is part of the Power Development Plan 8 approve earlier this year and the ‘unlikely’ assessment came from an article in Fulcrum penned by Phan Xuan Dung a Research Officer at ISEAS – Yusof Ishak Institute. Key takeaways: Vietnam’s grid can’t handle an influx of new wind power;
VN-Index 🡅 35.81 points (1,075.47) at close, November 2
The HoSE smashed it Thursday finishing up a phenomenal 35.81 points or 3.44 percent to close at 1,075.47. Real estate and construction firms were four of the top five performers. This is year another in a series of wild swings with investors uncertain about the direction of the economy. Of
Global Minimum Tax off the cards in Vietnam until 2025
This was reported by The Investor who referenced a speech from Vu Tuan Anh, a member of the National Assembly’s Finance and Budget Committee. The understanding appears to be, per this article, that firms do not need to pay GMT in their home countries until 2025 and therefore Vietnam still
🇻🇳 Stock market manipulation in crosshairs after high-profile arrests
The Vietnamese government intends to crackdown on traders that manipulate the stock market in the wake of a number of high profile arrests, The Investor is reporting. This has come about after it was revealed that the head of real estate firms FLC, Trinh Van Quyet, used friends and family
Vietnam digital economy to reach US$45 billion by 2025: Google, Temasek, Bain Report
The e-Conomy SEA 2023, compiled by Google,Temasek Holdings, and Bain & Company has been released here’s what it says about Vietnam’s digital economy: Vietnam’s digital economy gross merchandise value, 2021 – 2030 2021 2022 2023 2025 2030 (US$ = Billions) US$ US$ % US$ % US$ % US$ Overall digital
🇻🇳 77 percent of food and beverage businesses are worried about declining purchasing power
This is according to a Vietnam Report food and beverage industry survey published in September and reported by Vietnam Plus. The survey also found that: 84.6 percent of food and beverage businesses cited global factors as their biggest challenge; 15.4 percent of respondents think there will be more challenges ahead.;
Context: Vietnam has overtaken South Korea to become US’s 6th largest trading partner
Note however that, South Korea’s Samsung accounts for almost 20 percent of Vietnam’s exports. Furthermore, other big South Korean firms like LG and Huyndai also do a large portion of their manufacturing in Vietnam. Taking this into consideration, and maybe looking at what share of US imports from Vietnam belong
VN-Index 🡅 11.47 points (1,039.66) at close, November 1
The fortunes of the Ho Chi Minh City Stock Exchange turned around today finishing the day up for the first time this week, according to HOSE data. The index gained 11.47 points or 1.12 percent. Foreign traders, however, went the other way, exiting the market to the tune of US$4.4
Vietnam’s manufacturing sector still in contraction mode: S&P
S&P Global has released its Global Vietnam Manufacturing PMI for October and it[s not great. Vietnam’s PMI was 49.6 in October down from 49.7 in September. S&P found that new orders were up but only slightly–not enough to increase production and instead firms drew down on exiting inventory. Why it
🇻🇳 Low petrol prices keep CPI in check, but retailers are picking up the tab
Petrol prices in Vietnam, in the first ten months of this year, dropped by 13.24 percent over the same period last year and this has helped to keep inflation in check, The Leader is reporting. Conversely, VN Express is reporting that petrol retailers have called on the PM for help
Samsung Vietnam forecasts US$8 billion drop in exports in 2023
Samsung Vietnam is aiming to export US$57 billion worth of goods this year, VN Express is reporting. This is US$8 billion less than the US$65 billion it exported in 2022. Why it matters: Samsung Vietnam accounted for almost 20 percent of Vietnam’s total exports (US$371 billion) in 2022. A drop
VN-Index -14.21 points (1,028.19) at close, October 31
The VN-Index has had another rocky day ending the day down 14.21 points or 1.36 percent at 1,028.19, according to HOSE data. Vietnam’s primary stock market is now well below its September high when it went over 1,240 points. This comes on the back of weak business results as the
JETP agreement financing mostly market-rate lows, few grants
The US$15.5 billion Just Energy Transition Partnership (JETP) agreement developed by the G7 and a handful of other countries to help Vietnam wean itself off coal is mostly market-rate loans that Hanoi didn’t really want and only US$300 million worth of grants, Reuters is reporting. Why it matters: Vietnam 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