A different perspective on Vietnam’s economy and doing business in Vietnam. Make sure to  subscribe.

Category: Miscellaneous

Vietnam sees 34 percent drop in new units added to housing supply in Q3

This comes after a challenging year for the real estate and construction industries which have been struggling following on from a number of high-profile arrests in the industry for fraud back in 2022. Though there has been some speculation that the industry is on the path to recovery, these numbers suggest there may be a way to go yet…
..

Read More »

Construction Industry in Vietnam: Overview 2024

Vietnam’s construction industry has seen substantial growth in recent years, driven by robust economic development and significant government investment in infrastructure projects. The sector is highly competitive, featuring both domestic and international players. These companies are actively involved in various large-scale projects across the country, including residential, commercial, and industrial developments.

Read More »

Credit to Vietnam’s real estate industry shows steady growth March to May

Of note, Vietnam’s real estate industry has been struggling for the last two years in the wake of the Evergrande crisis in China in 2022. This led Vietnam to take a long hard look at its own real estate industry in which it found the prevalent misuse of investor funds, particularly those acquired through the bond market, and that a number of real estate firms were grossly over-leveraged.

Read More »

Vietnam construction firm posts record quarterly profit, but not from construction

A closer look, however, reveals that most of this profit stemmed from financial activities, not core construction operations. Specifically, the firm booked nearly VND 503 billion or US$19.86 from the liquidation and sale of fixed assets. Additionally, financial revenue doubled year-over-year to US$1.82 million due to the sale of several of its subsidiaries and affiliated companies. Of note, back in June, Hoa Binh announced that it would divest entirely from loss-making affiliated companies…

Read More »

Vietnam construction firm bucks industry downturn with new foreign invested projects

Coteccons has performed relatively well over the last year or so, despite industry challenges due to a border slowdown in the real estate market. Notably, it has won several key industrial construction contracts for foreign businesses like LEGO, Foxconn, and Pandora. Furthermore, Coteccons is reportedly heading up construction of factory projects in India and Indonesia for electric car maker VinFast…

Read More »

Vietnam builder ups foreign ownership limit, shares max-out twice

Vietnam currently applies foreign ownership limits to almost all stocks on the Ho Chi Minh City Stock Exchange.  Of note, as of March 11, of 401 stocks listed on the HoSE, 371 stocks had foreign ownership limits. For 366 of those stocks, foreign ownership was capped at 50 percent or less. This can be a deterrent for foreign investors and limiting with respect to raising capital for local firms. It can also be logistically challenging when foreign ownership gets close to said caps. In fact, these limits are one factor holding the local exchange back from an upgrade from a frontier market to an emerging market…

Read More »

Vietnam construction material makers stills struggling to find buyers

A number of construction materials firms reported losses last year and are now asking for government support, specifically more large scale infrastructure projects, Doanh Nhan Vietnam is reporting. This is not a good sign for the real estate industry in that construction firms, presumably in the know, are not banking

Read More »

Satellite internet services only via local ‘gateway’ in Vietnam: draft decree

A draft decree for the implementation of parts of the Law on Telecommunications 2023, issued by Vietnam’s Ministry of Communications, if passed, would see satellite internet providers required to partner with domestically licensed telecommunications providers, VN Express is reporting. The draft then foresees ground stations through which internet access delivered

Read More »

Vietnam cement industry conditions worst in a decade

Vietnam’s Ministry of Construction (Moc) is proposing reduced taxes and interest rates for firms dealing in construction materials on the back of the worst year for the industry in ten years, Vietnam News is reporting. This is on the back of a slump in sales and rising input costs. Key

Read More »

Notes on Vietnam’s up coming radio frequency auctions

Vietnam’s Ministry of Information and Communication has announced it will auction several radio frequencies, specifically the band from 2,500 to 2,600MHz, with the goal of boosting the country’s 5G rollout, Vietnam Investment Review is reporting. The starting price for the auction is US$167.93 million for a 15 year contract. These

Read More »

data sets