VNG, a Vietnamese tech firm most well known for popular messaging app Zalo, has withdrawn its application to list on the Nasdaq, the South China Morning Post is reporting. The publication notes that VNG declined to comment on the change of plans. A few points of note: Vietnam automaker Vinfast
The VN Index fell Tuesday losing 5.36 points or .45 percent to close at 1,177.50. This was after foreign traders net-bought into the market just over US$9.7 million worth of stocks. Trading history, foreign investors, last five trading days Buy Sell Change Date VND* US$ VND* US$ VND* US$ 17/1
Kuwait Petroleum International is considering waiving the interest on the loans of its partners in Vietnam’s Nghi Son refinery, the Arab Times is reporting. This could also see the interest rate on said loans possibly reduced to 0 percent. The publication notes that at the end of December there was
The VN-Index has finished the start of the trading week up 1.36 points or .12 percent to finish the day at 1,182.86 points. Foreign traders have continued to net-buy into the market to the tune of US$18.85 million. Trading history, foreign investors, last five trading days Buy Sell Change Date
Each month the-shiv provides a snapshot of the manufacturing sector in Vietnam covering the latest developments, key performance indicators, and government data. December overview There wasn’t much good news for Vietnam’s manufacturing sector in December. Whereas there had been a slight change of fortune early in the fourth quarter, in
The ASEAN+3 Macroeconomic Research Office (AMRO) January update has suggested Vietnam’s GDP growth in 2024 could be the third highest in the region at an estimated 6 percent. Thought the report does not provide analysis specific to Vietnam it broadly suggests that the regional economy is improving on the back
Vietnam’s National Assembly last week passed revisions to the Law on Credit Institutions intending to provide greater transparency to the banking sector in the wake of a number of high-profile scandals, The Investor is reporting. Key takeaways Lenders will need to make public shareholders with a stake greater than 1
State Bank of Vietnam’s Department of Forecasting and Statistics has said it expects credit growth in Vietnam to grow by 4.4 percent in the first quarter of the year, The Saigon Times is reporting. This is after credit growth averaged just 3.38 percent per quarter last year. Notably, there was
Vietnam recorded 5.8 percent growth in its industrial production index in December over a year earlier, The Investors has reported. For the year the country record just 1.5 percent. The GSO says under performance is the result of falling global demand. Performance by sector Manufacturing-processing sector grew by 1.6 percent;
The VN-Index has closed up 12.44 points or 1.06 percent to close out trading today at 1,181.50. Foreign capital continued to return to the market with foreign traders net buying US$7.3 million worth of stocks. Trading history, foreign investors, last five trading days Buy Sell Change Date VND* US$ VND*
The VN-Index has closed up 6.53 points or .56 percent to close-out Thursday at 1,169.06 points. Foreign traders continued to buy back into the market today to the tune of US$2.5 million. Trading history, foreign investors, last five trading days Buy Sell Change Date VND* US$ VND* US$ VND* US$
Whereas Vietcombank announced it would be lowering deposit interest rates earlier this week, the other three of Vietnam’s big four banks have now lowered theirs too, Tuoi Tre is reporting. Interest rates on deposits are now hovering around 2 percent. This may indicated that the massive growth in credit issued
Despite the VN-Index finishing 2023 up 12.2 percent last year, foreign traders exited the market to the turn of over US$1 billion–more than US$408 million in December alone. Vietnam News is carrying ‘expert’ analysis of this phenomena but the article contains only two key observations: EU and US markets are
Coffee prices in Vietnam hit 72,500 (US$$2.87) per kilo today the highest price ever, VN Express is reporting. The publication credits this to concerns about supply shortages due ships avoiding the Suez Canal due to conflict in the Red Sea and instead going around Africa. Vietnam coffee prices, Dak Lak,
The VN-Index has closed down .59 points or .05 percent Wednesday, to finish the session at 1,162.53. Foren traders, however, net bought into the Ho Chi Minh Stock Exchange to the tune of US$5.8 million bringing the total net-buy by foreign traderts to US$21 million over the last five trading
A radio appearance by the husband of a Norwegian citizen convicted of smuggling Norwegian salmon from Vietnam to China in 2018, has reopened an old wound for one of Norway’s biggest salmon producers, Salmar, IntraFish is reporting. Of interest, is that the accused was moving salmon from Vietnam to China
The VN-Index rose 9 points or .78 percent Tuesday to close at 1,163.12. Foreign traders continued to net buy into the market completing a four-day buying-streak by adding an additional US$6.07 million to their holdings. Trading history, foreign investors, last five trading days Buy Sell Change Date VND* US$ VND*
US dollars were selling for 24,970 Vietnamese dong on the black market this morning, Zing News is reporting, getting closer to last October’s high of 25,280. Official rates are also getting close to their 2023 high with the official exchange rate set by the State Bank of Vietnam (SBV) this
The first day of the trading week has ended with the VN-Index losing .58 points or .05 percent to close at 1,154.12. Foreign traders started the week net-selling but only marginally–just US$2.2 million–this was on the back of relatively low trading activity in terms of value. Trading history, foreign investors,
Over the past two decades, generous tax incentives and an abundance of low-cost labour have made Vietnam a very attractive option for firms looking to diversify their manufacturing supply chains. This article looks at some of the many big brands and common goods that are now being made in Vietnam.