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How to Open a Hotel in Vietnam: Ultimate Guide 2024
How to Open a Factory in Vietnam: Ultimate Guide 2024
How to Open a Supermarket in Vietnam: Ultimate Guide 2024
How to Form a Company in Vietnam: Technical Guide 2024
How to Start an English Centre in Vietnam: Ultimate Guide 2024
How to Start a Business in Vietnam: Ultimate Guide 2024
How to Export Coffee from Vietnam: Ultimate Guide 2024
How to Import Coffee to Vietnam: Ultimate Guide 2024
How to Open a Gym in Vietnam 2024: Ultimate Guide
How to Open a Bar in Vietnam 2024: Ultimate Guide
How to Open a Restaurant in Vietnam: Ultimate Guide 2024
How to Open a Cafe in Vietnam: Ultimate Guide 2024
Vietnam Airports: Foreign Investors Guide 2024
Vietnam Seaports: Foreign Investors Guide 2024
Minimum Wage in Vietnam 2024: Your Questions Answered
Logistics in Vietnam: Ultimate Guide (2024)
Gambling in Vietnam: Foreign Investor Quick Read 2024
Public Holidays in Vietnam 2024: Cheat Sheet
Corruption in Vietnam: Cheat Sheet 2024
Tax in Vietnam 2024: Quick Read
Value Added Tax in Vietnam 2024: Quick Read
Corporate Income Tax in Vietnam 2024: Quick Read
Personal Income Tax in Vietnam 2024: Quick Read
Vietnam Special Consumption Tax 2024: Quick Read
Video Games in Vietnam: Cheat Sheet 2024
English News in Vietnam: A Quick Guide 2024
Where are Nikes Made in Vietnam 2024?
Vietnam Supermarkets: Foreign Retailer’s Guide 2024
Shopping in Vietnam: Quick Guide 2024
Vietnam’s Financial Sector: An Overview 2024
Vietnam’s Imports and Exports, March 2024: Snapshot
Vietnam’s Imports and Exports, February 2024: Snapshot
Snapshot: Manufacturing in Vietnam, February 2024
Vietnam’s Economy, February 2024: Snapshot
Snapshot: Manufacturing in Vietnam, January 2024
Vietnam’s Stock Market, January 2024: Snapshot
Vietnam’s Economy, January 2024: Snapshot
Snapshot: Manufacturing in Vietnam, December 2023
Vietnam’s Stock Market, December 2023: Snapshot
Vietnam’s Economy, December 2023: Snapshot
Notably, Vietnam’s textile and garment industry experienced strong growth in the first six months of 2024. In the first half of 2024, Vietnam’s textile and garment exports reached approximately US$16.5 billion, an increase of 4.6 percent over the same period in 2023. However, the improvement in Vietnam’s textile and garment exports does not seem to necessarily stem from improved global demand but from a shift of orders from other countries to Vietnam…
Notably, Vietnam was among the top three markets for instant noodles globally over the three years ending in 2022, according to the World Instant Noodle Association. Vietnamese consumed approximately 8.48 billion packs of instant noodles in 2022 collectively or 85 packs per person…
This week’s Vietnam news roundup covers Vietnam’s latest import and export numbers, bond issuances, new manufacturing projects, IPO data, foreign trader stock market activity, electricity news, and more…
Of note, retail electricity prices in Vietnam are regulated and, though permitted, price rises are not all that common. This has led to EVN selling electricity below cost price. As of January, it was losing about VND 142.5 per kilowatt-hour sold. This has been ongoing for some time and has led to EVN accumulating the huge aforementioned losses. The issue here seems to be a reluctance to raise electricity prices rather than an inability to do so…
Vietnam’s imports hit US$30.5 billion in June bringing the country’s total imports for the year to US$178.9 billion, an increase over 2023 of 17.3 percent. This growth has been buoyed by double-digit increases in imports of coal, ores and other minerals products, and iron and steel…
Vietnam’s exports hit US$33.7 billion in June bringing the country’s total exports for the year to US$190.7 billion, an increase over 2023 of 14.9 percent. This growth was buoyed by double-digit increases in exports of computers, phones, and garments and textiles…
That single IPO was Hanoi-based DNSE Securities which officially listed under the ticker DSE on the Ho Chi Minh Stock Exchange at the start of July. Notably, this was the first new listing of a securities firm on the local bourse in the last five years…
Of note, despite the staggering volume of waste generated in Vietnam, waste treatment in the country remains ineffective. Currently, 70 percent of trash is buried, around 10 percent recycled and the rest, processed in other ways. According to the National Environmental Status Report in 2021, the majority of waste is taken to landfill sites, with only 20 percent meeting national sanitary requirements…
The closure of the Heineken plant in Quang Nam, in central Vietnam, announced a week or two ago, has been big news. This is off the back of slow growth in beer sales post-pandemic and in line with falling revenues among a number of Vietnam’s major beer brewers. This has been blamed on broader economic challenges and harsher drink driving penalties, however, it is all a little more nuanced than that…
This is in line with a rapidly growing DIY and home hardware industry in Vietnam–in 2024, revenue in the industry in Vietnam is expected to reach US$18.91 billion and will grow at an estimated compound annual growth rate of 3.13 percent from 2024 to 2028, according to data compiled by Statista…
This will make the province one of Amkor’s most extensive facilities in the world with total funding for the project reaching $1.6 billion–a $520-million factory in the first phase was inaugurated in October 2023 and is in line with a number of other big names investing in Bac Ninh including Samsung, Fushan, Canon, and Foxconn. Of note, Bac Ninh was the second most popular province for foreign invested projects in the first quarter 2024…
The move to expand battery production capacity aligns with increasing global demand for electric vehicles–or EVs for short. The world is witnessing an explosion of EVs, with electric car sales in 2023 six times higher than in 2018, just 5 years earlier. Furthermore, global EV sales are predicted to grow from less than 45 million in 2023 to 250 million in 2030 and reach 525 million in 2035, according to the latest research by IEA…
Of note, deposit interest rates have been rising alongside loans issued by the State Bank of Vietnam to local banks through open market operations–there are currently VND 22,765 billion or US$895.5 million worth of these loans outstanding. It’s also worth noting that credit growth jumped significantly in June reaching 4.45 percent by the 24th. This was significant in that at the end of May credit growth was just 2.41 percent…
Vietnam’s airports have been a critical component in logistics in Vietnam and subsequently in Vietnam’s economic development. They are the main entry point for most foreign investors, they facilitate millions of dollars of trade via air freight every day, and they have commanded huge amounts of public investment spurring the country’s economic growth. With this in mind, the new airport in Quang Tri should position the province well for future economic growth…
An additional 106,417 stock trading accounts were opened in Vietnam in June, according to data from the Vietnam Securities Depository and Clearing Corporation. Of those, individual foreign investors accounted for 159 individual accounts with 27 for foreign organisations. The total number of active trading accounts in Vietnam is now 8,044,825, but this number is a little misleading…
Five of the six firms investigated were found to be subsidised to the tune of 237.65 percent. Notably, four of these firms failed to respond to the DOC’s request for information at all, and one failed to provide all of the information requested. The sixth, Go-Pak Paper Products Vietnam, the only company to sufficiently engage with the DOC, was found to be subsidised by just 5.48 percent…
Of note, bond market reforms issued at the end of 2022 resulted in the bond market freezing up with issuances reduced to a trickle. These reforms were then put on hold in March of 2023 and the bond market bounced back. They did, however, come to an end at the end of last year and this looks to be reflected in bond issuances in the first six months of the year which have been lacklustre at best– at least they were until June…
Of note, in 2013, Trang Due Industrial Park, where the complex is located, gained official approval from the Prime Minister to become part of the Dinh Vu-Cat Hai Economic Zone giving the park access to government incentives only offered to approved Economic Zones. For example, firms in the past have been eligible to pay no taxes for the first four years, and a ten percent tax rate for the following 15 years. That said, in response to the OECD’s Global Minimum Tax initiative, Vietnam’s National Assembly passed Resolution 107 late last year, which will see multinational companies paying less than 15 percent tax, required to make up the difference via a top up the tax mechanism…
Contrary to the trend of foreign investors net selling billions of dollars from HoSE in 2024, foreign investors have been net buyers of DSE shares. Notably, Consilium Investment Management from the USA net bought more than US$ 6.6 million shares on July 2, accounting for more than 2 percent of DNSE’s value. Earlier in January, Finland’s Pyn Elite Fund also invested in DNSE buying 12 percent of the firm’s equity. As of July 5, foreign investors held 13 percent of DNSE’s shares–as a securities firm there is no foreign ownership limit…
Of note, the Vietnamese luxury watch market generated a revenue of US$110.80 million in 2024, with a projected annual increase of 2.71 percent over the next four years, according to Statista. This surge is being driven by Vietnam’s thriving economy and rising disposable incomes…
What Does a Devalued Yen Mean for Vietnam?
Vietnam’s New Direct Power Purchases Decree: Unpacked
What’s Happened to Vietnam’s Beer Market? Unpacked 2024
Nuclear Power in Vietnam: Unpacked 2024
Vietnam’s Offshore Wind Power Holdup: Unpacked
The Dong’s Wild Ride: Unpacked
Insolvency in Vietnam 2024: Unpacked
Vietnam’s Real Estate Market Recovery 2024: Unpacked
Vietnam’s Airline Industry Turbulence: Unpacked
Vietnam’s Semiconductor Manufacturing Ambitions: Unpacked
The US Election and Vietnam: Unpacked
Vietnam’s Stock Market Upgrade Opportunity: Unpacked
Unpacked: Vietnam’s Non-Market Economy Review
Vietnam Stock Market Indexes: Quick Guide 2024
The Gold Price in Vietnam: Explained 2024
Vietnam Beer: What You Need To Know in 2024
Made in Vietnam: Brands and Goods 2024
Vietnam Footwear Manufacturers: Quick Guide 2024
Vietnamese Coffee Brands: Quick Guide 2024
Vietnamese Instant Coffee: Quick Guide 2024
Vietnam Clothing Suppliers: Quick Guide 2024
Vietnam Garment Manufacturing 2024: Ultimate Guide
Insurance in Vietnam: Industry Overview 2024
Manufacturing in Vietnam 2024: Ultimate Guide
Average Salary in Vietnam 2024: Quick Guide
Banking in Vietnam: Industry Overview 2024
The Vietnam Stock Exchange: Quick Guide 2024
Vietnam’s Foreign Ownership Limits: Quick Guide 2024
Vietnam News Media Regulations 2024: An Overview
Vietnam CPI Tracker: 4.34 percent in June [data set]
Vietnam-US Trade Tracker: May 2024 Update [data set]