In the first half of 2024, VIB’s total operating income rose by 0.6 percent year-over-year to reach US$417 million, while profit before tax dropped by 18.4 percent to US$185.4 million…

Vietnam Car Sales Tracker: September Update [data]

the-shiv October 11, 2024

The Vietnam Automobile Manufacturers’ Association–the VAMA–September sales report has found that vehicle sales of the group’s members jumped significantly in September over August, increasing by about 50 percent. The jump was across the board with all key segments recording higher sales.

Vietnam News Roundup: October 4 to October 10

the-shiv October 11, 2024

This week’s Vietnam news roundup covers the latest growth forecasts; data updates re: tourist arrivals, and imports and exports; the latest breakdown of Vietnam’s key power sources; a corporate bond issuances update; the possibility of a Trump hotel and resort in northern Vietnam, and more…

Vietnam Exports Tracker: September Update [data set]

the-shiv October 10, 2024

Vietnam’s exports hit US$34.1 billion in September bringing the country’s total exports for the year to US$299.65 billion, an increase over 2023 of 15.4 percent. Of note, September’s exports were down about 9.8 percent over August which looks to be the result of Typhoon Yagi which hobbled a number of key manufacturing operations in northern Vietnam.

Vietnam Imports Tracker: September Update [data set]

the-shiv October 10, 2024

Vietnam’s imports hit US$31.8 billion in September bringing the country’s total imports for the year to US$278.8 billion, an increase over 2023 of 17.3 percent. This growth has been buoyed in large part by increases in imports of machine, equipment, tools and instruments; fabrics; and plastics.

Saigon – Hanoi Commercial Bank: Vietnam Stock Overview

Huong Nguyen October 10, 2024

Net interest income declined by 3.7 percent, in contrast to the broader trend where banks like VPBank, HDBank, and VietinBank saw significant growth in net interest income during the first half of the year. Of note, SHB’s credit growth declined slightly by 0.3 percent in the first quarter of 2024. In response, the bank reduced lending interest rates in late March to compete for credit demand, however, this led to a drop in its net interest margin…

Vietnam Tourist Arrivals Tracker: September Update [data set]

the-shiv October 9, 2024

Vietnam’s tourism industry welcomed 1.3 million tourist arrivals in September, a fall of 11.04 percent over August. The biggest falls were seen in visitors from Asia which were down 9.94 percent with 117,067 fewer Asian visitors in September. Visitors from Europe also saw a significant fall of about 30.99 percent, however, notably this was from a low base. Of note, these falls coincide with the end of the northern hemisphere’s summer holiday period.

Vietnam National Petroleum Group: Vietnam Stock Overview

the-shiv October 9, 2024

Recent growth has been fueled by stable petroleum business operations and a 0.6 percent increase in PLX’s output compared to 2023. Additionally, PLX opened 60 new fuel stations during the first seven months of the year…

Paying For Vietnam’s High-Speed Rail: Unpacked

the-shiv October 8, 2024

Vietnam’s Transport Ministry has said that Vietnam’s high-speed railway project connecting Hanoi and Ho Chi Minh City will utilise domestic finances and technology, as opposed to support from abroad. It is, however, expensive and financing it alone will be challenging.

Tien Phong Commercial Bank: Vietnam Stock Overview

the-shiv October 7, 2024

TPBank’s net interest income increased by 14.2 percent, aligning with the broader trend seen across banks like VPBank, HDBank, and VietinBank, which also experienced significant growth in net interest income. This increase was driven by a stable macroeconomic environment and recovering credit demand, contrasting with 2023’s challenges when deposit interest costs exceeded lending income.

Vietnam Industrial Production Index Tracker: September Update [data set]

the-shiv October 6, 2024

Vietnam’s industrial production index in September 2024 saw a significant increase of 10.8 percent compared to the same period last year, driven by growth in key sectors like processing and manufacturing. The processing and manufacturing industry experienced a robust increase of 13.1 percent, while electricity production and distribution grew by 6.4 percent. The water supply, waste management, and wastewater treatment sector saw the largest rise, increasing by 15.2 percent.

Vietnam CPI Tracker: September Update [data set]

the-shiv October 6, 2024

Vietnam’s Consumer Price Index slowed in September over August recording an increase of just 2.63 percent compared to August’s 3.45 percent. Overall CPI remained steady at 4.04 percent safely within the government’s target range for the year of between 4 and 4.5 percent. Core inflation, meanwhile, was hovering at 2.54 percent over September last year…

Vietnam FDI Tracker by Sector: September Update [data set]

the-shiv October 6, 2024

Vietnam added another 245 foreign direct invested projects to its 2024 tally in September, along with just over US$4.25 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 73 new projects and US$1.47 billion.

Vietnam FDI Source Country Tracker: September Update [data set]

the-shiv October 6, 2024

Singapore is the leading foreign direct investor in Vietnam for this year initiating 339 new projects and registering US$7.35 billion in capital. The tiny island state leads with more than doubly the registered capital of second place China, according to data from the Ministry of Planning and Investment. Foreign direct

Vietnam Prosperity Commercial Bank: Vietnam Stock Overview

the-shiv October 6, 2024

Notably, VPBank’s bad debt ratio is higher than many other banks, largely due to its high-risk business model. Unsecured loans and real estate made up 20 percent and 22 percent of its total credit, respectively…

Vietnam News Roundup: September 27 to October 3

the-shiv October 4, 2024

This week’s Vietnam news roundup covers consumer bank deposits, an update on the Mercedes-Benz plant in HCMC, Vietnam’s latest GDP forecasts, and more…

PetroVietnam Gas Corporation: Vietnam Stock Overview

the-shiv October 3, 2024

Amid declining domestic natural gas production, imported LNG is slated to play a crucial role as a long-term alternative energy source. Currently, GAS is the first and only enterprise in Vietnam authorized to officially distribute LNG. GAS is involved in several key LNG projects, including the Thi Vai and Son MY LNG port warehouse and the Block B – O Mon gas pipeline projects…

VietinBank: Vietnam Stock Overview

the-shiv October 2, 2024

Non-interest income fell by 12.6 percent to US$333.2 million, driven by a drop in bancassurance operations, in line with a broader decline in bancassurance revenue following negative publicity in 2023. In addition, securities trading revenue decreased 72.6 percent in contrast to the VN Index which increased by 10.2 percent and other financial institutions like MB Bank which had an eightfold increase in securities revenue year-over-year…

Vietnam’s Economy: Everything You Need to Know 2024

the-shiv October 1, 2024

Vietnam’s economy has emerged as one of Southeast Asia’s fastest-growing and most dynamic markets, attracting significant global attention. With a population of over 100 million, a strategic location in the Asia-Pacific region, and a rapidly industrialising economy, Vietnam has become a manufacturing and export powerhouse.

Vietnam Trade: Everything You Need to Know 2024

the-shiv October 1, 2024

Vietnam has established itself as a key player in global trade, thanks to its strategic location, favourable trade agreements, and robust manufacturing sector. In 2024, Vietnam continues to leverage its open economy, with exports playing a crucial role in driving growth. The country is well-integrated into the global supply chain, exporting a diverse range of goods including electronics, textiles, machinery, and agricultural products.