The European Bicycle Manufacturers Association has raised concerns that Chinese electric bike makers are exporting their products through Vietnam to the EU to avoid antidumping duties, ASL is reporting. This could see the EU apply antidumping duties on electric bikes from Vietnam too. Using Vietnam to circumvent trade remedies has
Real estate firm Novaland has proposed using unsold properties in its Grand Manhattan development in Ho Chi Minh City to cover outstanding bond debts, Vietnam News is reporting. It’s not clear that this resolution has been accepted or that it will be by creditors. The bond debt is outstanding from
The VN-Index has had another positive day rising 12.77 points to 1122.50, an increase of 1.15 percent, according to Ho Chi Minh City Stock Exchange data. There was also positive movement on the foreign trader front with foreign investors net-buying US$10 million of stocks. Foreign investor trades on HoSE from
Aon’s 2023 Salary Increase and Turnover Report has found that Vietnam has seen an actual salary increase of 7.5 percent this year, Human Resources Online is reporting. The report also found an expected increase in 2024 of 8 percent and says that tech sector wages in Vietnam are expected to
Vietnam Airlines has pushed back its annual shareholders meeting from November 22 to December 16, the fourth time it has rescheduled the event this year, Vietnam News is reporting. The airline recorded an a accumulated loss of US$1.35 billion last year, according to its unaudited financial statements. Why it matters:
Just two public-private partnership (PPP) agreements have been signed in the last three years because of a lack of guiding documentation from relevant ministries, according to Vietnam Net. The publication says a new decree will soon be forthcoming to try and clear up some of the issues ministries are facing
The VN-Index continued on its upward trend Tuesday increasing by 9.66 points or .88 percent to close out he session at 1,109.73, according to Ho Chi Minh Stock Exchange data. Foreign investors continued their net-selling trend with another US$13.7 million withdrawn from the market. Foreign investor trades on HoSE from
South Korea’s, Eco & Tech Co., a biotech business, plans to build a US$11 million monkey farm in Vietnam’s Khanh Hoa province, The Investor is reporting. The facility will cover 18.7-hectares with the monkeys raised to be used for scientific research purposes. A second phase of the project is slated
The Ministry of Information and Communication (MIC) has speculated that the withdrawal of several international film and television brands, namely Amazon Prime Video and Disney+, from the local market may see video pirates fill the void, Saigon Giai Phong is reporting. Why it matters: Regulations created by the ministry are
A government resolution issued in 2020 declared that electricity pricing needed to be transparent and determined by market rules, however, there is still a huge mismatch between input costs and retail prices, Vietnam Net is reporting. Key takeaways: Before this year electricity prices has not increased since 2019; Several provinces
Vietnamese coffee chain, Highlands Coffee, majority owned by Filipino fast food conglomerate Jolibee, extended its network of stores beyond 700 between Vietnam and the Philippines, the World Coffee Portal is reporting. It currently has 43 outlets in the Philippines and 682 stores in Vietnam–making it the biggest coffee chain in
The VN-Index fell 1.61 points today or 0.15 percent to finish the day at 1,100.07 points, according to Ho Chi Minh Stock Exchange data. Foreign traders left the market to the tune of US$15.5 million. This brings the total value of shares net-sold by foreign investors over the last five
Domestic green coffee is down 15 percent compared to its September peak, VN Express is reporting. According to sources quoted in the article this is due to: Farmers holding onto their beans while they wait for prices to rise; It’s the start of the harvest season which means more supply;
Kido, one of Vietnam’s biggest food processing firms, has been fined for three breaches of Ho Chi Minh Stock Exchange disclosure rules, The Investor is reporting. Breaches and accompanying fines include: For the non-disclosure or late disclosure of information Kido was fined US$4,830; For not submitting to the Hanoi Stock
If a Global Minimum Tax comes into force in all OECD member states from the start of 2024, and Vietnam has a top-up tax in place, the country could benefit to the tune of US$600 million in increased tax revenue a government report has found, The Investor is reporting. In
Singapore’s Sembcorp Industries has said it intends to spend US$160.3 million on renewable energy assets in Vietnam, The Investor is reporting. This will include wind, solar, and hydro power purchased from local investment firm Gelex.
A man in Danang was using 76 accounts belonging to 21 investors to manipulate the price of a real estate firm listed on the Ho Chi Minh Stock Exchange, The Investor is reporting. He has subsequently been banned from trading for two years and fined US$61,000. See also: Stock market
In a visit to Vietnam’s Nghi Son oil refinery on Saturday, Vietnam’s Prime Minister, Pham Minh Chinh, said that the challenges facing the refinery could be solve with more local leadership and more decentralisation, The Investor is reporting. “There need to be more Vietnamese people in the company’s leadership. More
Business in Vietnam’s coffee industry was slower than usual in October as a result of limited supplies. Part of this was after higher prices earlier in the year saw traders liquidate their supplies. As a result, just US$168 million worth of coffee left Vietnam a fraction of the US$3.23 billion
Each month the-shiv provides a snapshot of the manufacturing sector in Vietnam covering the latest developments, key performance indicators, and government data. Overview Vietnam’s manufacturing industry continued to struggle in October compared to a year earlier. Lower demand in key export markets due to a number of global challenges continued