The sector’s growth can be attributed to increasing demand for flowers and ornamental plants, both domestically and internationally. Vietnam’s floriculture industry has gained recognition for its diverse range of high-quality flowers, with expanding export opportunities and rising consumer interest in ornamental plants driving further development.

Vietnam gold ring prices reach all-time highs despite C.bank intervention

the-shiv October 2, 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, the price of a gold bar in Vietnam was around 20 percent higher owing to a number of factors including huge demand and limited supply, the latter due to regulations that restrict gold imports and exports and gold bar production.

Vietnam’s Agriculture Industry: Overview 2024

the-shiv September 27, 2024

Vietnam’s agriculture sector plays a crucial role in the country’s economy, contributing significantly to GDP and employing a large portion of the workforce. It is a diverse sector, encompassing crops, livestock, forestry, and fisheries. The country is a leading global exporter of products such as rice, coffee, and seafood. In recent years, the sector has seen a shift towards higher-value crops and more sustainable farming practices, as the government aims to enhance both productivity and environmental sustainability.

Vietnam’s aquaculture industry takes US$100 million hit from Typhoon Yagi

the-shiv September 24, 2024

Vietnam’s aquaculture industry has experienced significant growth in recent years, becoming a major contributor to the country’s economy through Vietnam’s billion-dollar seafood export industry. This damage to the sector will likely see Vietnam’s seafood exports take a significant hit in the near-term.

Vietnam’s Natural Resources Tax

the-shiv September 21, 2024

Vietnam’s Natural Resources Tax is enforced through a regulatory system managed by the General Department of Taxation. Entities exploiting natural resources must register, declare their extraction volumes, and make monthly tax payments. The tax is calculated based on the type and volume of resources extracted and the applicable tax rate. Regular inspections and audits are conducted to ensure compliance, and penalties are imposed for non-compliance, such as fines or operational suspensions.

Vietnam’s Mining Industry: Overview 2024

the-shiv September 19, 2024

Vietnam’s mining industry is a key sector, rich in resources such as coal, bauxite, and rare earths, contributing significantly to the economy. The government encourages foreign investment through joint ventures, focusing on modernising the sector while enforcing strict regulations to promote sustainability and environmental protection.

Vietnam coal imports shrink August over July

the-shiv September 14, 2024

Vietnam’s coal imports in terms of volume fell by 23.7 percent, and in value by 18.3 percent in August over July, according to Vietnam’s General Department of Customs. Coal imports for the year, however, are still up by 32.7 percent in terms of value and 16 percent in terms of

Can Vietnam Ever Quit Coal?

Mark Barnes September 10, 2024

At the Conference of Parties in Glasgow in 2021, Vietnam committed to reducing its carbon emissions to net-zero by 2050 a big part of which was reducing the burgeoning Southeast Asian nation’s dependence on coal. Three years on, however, and Vietnam’s de-coalification appears to have stalled with coal power and coal imports both on the rise. So what’s changed? Why has it changed? And what might happen next?

PetroVietnam Fertilizer and Chemicals Corporation: Vietnam Stock Overview

Huong Nguyen September 10, 2024

It’s notable that domestic urea production capacity currently exceeds actual demand. While the annual domestic demand for urea is estimated to be between 1.6 and 1.8 million tons, domestic urea production capacity is approximately 3 million tons. To tackle this issue, large fertiliser companies like DPM are concentrating on growing their market share in NPK, a type of fertiliser that includes nitrogen, phosphorus, and potassium…

Vietnam Stock Reviews: Vietnam Rubber Group

Huong Nguyen September 5, 2024

GVR has earmarked industrial parks as a future growth driver as opposed to rubber. As the largest natural rubber producer in Vietnam, GVR owns 373,182 hectares of land in Vietnam and. In late 2023, the company received the Prime Minister’s approval for the conversion of nearly 25,000 hectares of this land to industrial parks…

New central Vietnam coal power plant set for trial run next month

the-shiv September 4, 2024

This comes amidst uncertainty around Vietnam’s net-zero commitment made at the 26th Conference of Parties on the back of a Just Energy Transition Partnership agreement for US$15.5 billion that has been struggling to gain legs…

Vietnam rare-earths war heats up with Chinese SOE throwing hat in mix

the-shiv August 29, 2024

Of note, the US Geological Survey’s Mineral Commodity Summaries 2024 estimated Vietnam’s rare earth reserves to be in the vicinity of 22 million tons. China, which has the largest reserves, for comparison, is estimated to have double that at 44 million tons, and Brazil which comes in third place has roughly 21 million tons…

Vietnam’s Aquaculture Industry 2024: Overview

the-shiv August 27, 2024

Vietnam’s aquaculture industry has experienced significant growth in recent years, becoming a major contributor to the country’s economy and food security. With its extensive coastline, abundant freshwater resources, and favourable climate, Vietnam possesses ideal conditions for aquaculture development. The industry plays a crucial role in providing a sustainable source of protein, supporting rural livelihoods, and generating foreign exchange.

Vietnam Seafood Processing: Industry Overview 2024

the-shiv August 14, 2024

Vietnam is a major exporter of seafood products, with the US, China, Japan, and South Korea as primary markets. The industry offers a vast array of seafood, from shrimp and catfish to tuna and squid. Aquaculture has grown in importance, substantially contributing to overall seafood production. Employing millions, primarily women, the industry significantly impacts the socioeconomic landscape.

Vietnam Stock Review: Nam Viet Corporation (seafood)

Huong Nguyen August 14, 2024

Vietnamese pangasius exports reached US$2.4 billion in 2022, a 52 percent increase compared to 2021. Expanded export markets and increased consumption in major regions like China and Hong Kong contributed to this growth. As a result, the company’s stock price tripled between May 2021 and June 2022. However, the pangasius industry faced a significant downturn in 2023 shrinking by 24 percent…

How African Swine Fever is Reshaping Vietnam’s Pork Market

Mark Barnes August 5, 2024

Vietnam has a bad case of African Swine Fever that it just can’t seem to shake. This is fundamentally reshaping Vietnam’s pork market, which has seen a huge increase in pork imports in recent years. This article looks at how this all started, what’s happening now, and what might happen next.

Vietnamese monkeys have been approved for export to China

the-shiv August 4, 2024

Of note, Vietnam hosts the biggest monkey breeding facility in the world, Nafovanny. This is a subsidiary of Vietnam Forest which trades on the Hanoi Stock Exchange under the ticker VIF. The facility has been in operation since back in the 90s.

Vietnam on track to become world’s fifth-biggest coal importer

the-shiv August 1, 2024

The International Energy Association Coal Mid-Year Update 2024 has found that Vietnam is on track to become the fifth biggest importer of coal in the world. Vietnam’s coal imports were up 38.6 percent in terms of volume and 14.5 percent in terms of value by the end of June…

Korea, US partnership on rare earths to boost industry in Vietnam

the-shiv July 30, 2024

First half jump in Vietnam fish exports opportunity for foreign aquatic feed firms

the-shiv July 28, 2024

Vietnam’s fisheries are a core part of its economy, ranking fifth in export value. The aquatic feed market, however, is largely dominated by foreign companies. For pangasius feed, foreign enterprises such as the US’s Cargill, Thailand’s Green Feed, and Netherlands’ De Heus hold about 65 to 70 percent of the market share. Similarly, the shrimp feed market is entirely dominated by foreign firms such as Taiwan’s Uni–President, Thailand‘s CP and France’s Tomboy…