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Vietnam and the Middle Income Trap: Unpacked
Vietnam’s 8 Percent GDP Growth Target: Unpacked
Buy More, Sell Less: Tackling Vietnam’s Trade Surplus with the US
Is Vietnam the Next Asian Tiger Economy?
What Recent Traffic Reforms Say About Doing Business in Vietnam
Building An International Financial Centre in Vietnam: Unpacked
Vietnam’s Economy in 2024: A Brief Recap
What to Watch Now Google Has An Office in Vietnam
Does Vietnam Have a Private Consumption Problem Too?
The 8th Session of Vietnam’s National Assembly: Key Takeaways
Rethinking Financing Vietnam’s Clean Energy Transition
Vietnam’s New Social Media ID Regulations: Unpacked
How Well Prepared Is Vietnam for a Trump Presidency?
Temu in Vietnam: What’s Fair in Free Trade?
Media Relations in Vietnam: Lessons from VinFast
It’s Time to Talk About Vietnam’s Credit Growth Policy…
Vietnam’s Economy in Q3 Beyond GDP Growth: Unpacked
Paying For Vietnam’s High-Speed Rail: Unpacked
Vietnam treasury bills raise relieve pressure on VND
The State Bank of Vietnam has announced that it issued treasury bills to the value of VND 10 trillion (US$411 million) yesterday, The Investor is reporting. The online publication says this is ‘related to exchange rate developments in recent days.’ Pressure has been mounting on the dong in recent months
AI, machine learning used to forecast petrol price in Vietnam?
Vietnam Petroleum Institute (VPI) a part pf PetroVietnam, is apparently using machine learning and AI to predict Vietnam’s petrol price, Vietnam Plus is reporting. Eds note: It’s unclear how or why this might be–petrol prices set by the Ministry of Industry and Trade and the Ministry of Finance based on
Brokerages benefiting a lot from Vietnam’s lower interest rates
The value of stocks in brokerages in Vietnam are through the roof as lower interest rates have drive retail invested to shift their funds from savings accounts to stocks, according to Bloomberg via Yahoo! Finance. This is also reflected in the VNIndex which is up 21 percent according to the
Vietnam Airlines’ Vietnamese pilots to receive a pay rise
A ‘salary fund’ has been approved for Vietnam Airlines that will be used to close the gap between local pilots and foreign pilots working for the national carrier. Currently, Vietnamese pilots are paid less than half of their foreign counterparts, Vietnam News is reporting. It’s not clear from the article
NA electricity report reflects general consensus on pricing mechanism
A National Assembly committee has put together a report on the adjustment mechanism of electricity prices in Vietnam finding that it is insufficient, according to The Investor. The article goes on to break down how electricity adjustments are made, however, the general gist is that it needs to be adjusted
Vietnam ATM withdrawals decrease in volume and value in Q2
ATM withdrawals in Vietnam were down in both quantity and value by 13.5 percent and 17.8 percent, respectively, in the second quarter of this year compared to the second quarter of 2022, Tuoi Tre is reporting. Over the same period transfers between domestic accounts were up 65 percent in volume
Province in southern Vietnam wants to export windpower to Singapore
The People’s Committee of Ca Mau province has put together a report on plans to export wind power to Singapore via 900 kilometres of overhead high-voltage lines and underground cables, according to Tuoi Tre. This is inline with Vietnam’s National Energy Master Plan which says Vietnam should be exporting 5,000
Vietnam’s local debt–bonds and the like–to be subject to international ratings agency
Moody’s is entering into a joining credit rating operation in Vietnam in partnership with a handful of local banks and securities firms, The Investor is reporting. The publication goes on to say that this was initiated by the Vietnam Bond Market Association. For context: Vietnam’s bond market has been riddled
Vietnam’s economic freedom increases slightly: report
Canada’s Fraser Institute has ranked Vietnam 106th out of 165 countries on its Economic Freedom of the World: 2023 Annual Report, VN Express is reporting. The article carries comments from Dinh Tuan Minh, head of research at Market-based Solutions Center for Social and Economic Issues, in which he says “This
Price of gold rings in Vietnam highest this year
Gold rings have hit their highest price this year at VND 58 million (US$2,385) a tael (37 grams) CafeF is reporting. Why it matters: Gold is a popular investment in Vietnam seen as a secure place to store wealth, particularly for older Vietnamese. In this respect the local gold price,
Push for cross-border platforms to open local offices continues
Vietnamnet has published more calls for cross-border platforms to open local offices. This is not news persay, these laws have been in place for some time and seem to have been largely ignored by big players like Google and Facebook. This does suggest that these new regulations requiring these firms
Dairy products dominate list of most reputable F&B firms in Vietnam
Vietnam Report has published a list of the Top 10 Most Reputable Food-Beverage Companies in 2023 and half are dairy firms, Vietnam Plus is reporting. The top 10 were: Vietnam Dairy Products Frieslandcampina Vietnam Nutifood Nutrition Food International Dairy Products VitaDairy Vietnam Moc Chau Dairy Cattle Breeding, Kido Frozen Foods
China has expressed an interest in investing in more infrastructure in Vietnam
The China Railway Group and Power Construction Corporation of China have said they are interested in investing in more railway infrastructure in Vietnam, according to VN Express. Specifically mentioned were the North-South and the Lao Cai–Hanoi–Hai Phong railways. Of note: China’s track record (excuse the pun) with infrastructure projects in
Meta is looking to make metaverse hardware in Vietnam
Facebook parent company Meta, is looking to make hardware for its Metaverse in Vietnam, according to VN Express. This comes as the Prime Minister of Vietnam met with Meta executives in California on Monday. Why it matters: Facebook has flourished in Vietnam and has become an integral part of the
Vietnam coffee at record high export prices, but supplies running out
Vietnamese coffee has reached a record export high-price US$3,054 per ton, according to Vietnamnet. The publication is also reporting, however, that traders are running out of coffee to export and estimates a decline of 10 to 15 percent in output on unfavourable weather (no timeframe given). See also: How to
Calls to deregulate electricity prices in Vietnam
Deregulating electricity prices could create an ‘economic breakthrough’, according to Thien Dinh Tran, former Director of the Vietnam Institute of Economics, and reported by Dan Tri. He points out that it was done before with food prices and that it made a big economic differnce Eds note: Deregulating electricity prices
Foreign worker regulations in Vietnam have been amended
The Government of Vietnam has issued Decree 70/2023/ND-CP with additions to, and clarifications of, regulations on foreign workers, as reported in VN Economy. The changes are relatively minor and mostly semantic, however, there are some additional specific details that have been added such as documents that can be accepted to
Proposed increase in Vietnam container handling fees falls short of industry demands
Vietnam’s Ministry of Transport has proposed a 10 percent increase in container handling fees at Vietnam’s ports, according to Vietnam News. Key industry groups, however, requested an increase of about 15 to 20 percent per year back in March. These groups claim that Vietnam’s seaports are running at a collective
Back to the drawing board for PDP8 deployment plan
A draft deployment plan for the Power Development Plan 8 (PDP8) has been sent back to the Ministry of Industry and Trade for revisions due to a lack of detail, particularly on offshore wind, according to The Investor. Why it matters: Doubts have already been raised about Vietnam’s ability to
Vietnam’s semiconductor industry: where it’s come from and where it’s going
VN Express is carrying this write-up of Vietnam’s semiconductor industry in which it highlights Vietnam’s current role at the lower-value end of the supply chain. It notes that Vietnam’s role in semiconductor production is mostly at the final packaging stage which accounts for just 6 percent of a chip’s value.