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PetroVietnam Fertilizer and Chemicals Corporation: Vietnam Stock Overview

Huong Nguyen September 10, 2024

It’s notable that domestic urea production capacity currently exceeds actual demand. While the annual domestic demand for urea is estimated to be between 1.6 and 1.8 million tons, domestic urea production capacity is approximately 3 million tons. To tackle this issue, large fertiliser companies like DPM are concentrating on growing their market share in NPK, a type of fertiliser that includes nitrogen, phosphorus, and potassium…

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How to Make Video Games in Vietnam: Ultimate Guide 2024

the-shiv September 9, 2024

Making video games in Vietnam for foreign firms and brands is not always easy. From finding the right human resources to finding the right location to ensuring a firm’s intellectual property is protected, there are a myriad of considerations that need to be made. This article lays out the key details foreign game makers might need to know.

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Key Internet Services Regulations in Vietnam 2024

the-shiv September 9, 2024

At the heart of Vietnam’s internet services regulations is Decree No. 72/2013/ND-CP on the Management, Provision, and Use of Internet Services and Online Information. This was issued by the Government of Vietnam on July 15, 2013, and took effect on September 1, 2013. This decree sets forth the legal framework for the management and use of internet services, online information, and related activities in Vietnam…

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Vietnam’s Law on Cybersecurity: Quick Guide 2024

the-shiv September 9, 2024

Vietnam’s Law on Cybersecurity was passed by the National Assembly of Vietnam on June 12, 2018, and took effect on January 1, 2019. The law sets out specific provisions regarding the responsibilities of organisations and individuals in securing networks and data in Vietnam. This article breaks down the key details.

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Private sector CEOs in Vietnam on almost double SOE counterparts

the-shiv September 9, 2024

Notably, earlier this year the Prime Minister of Vietnam, Pham Minh Chinh, suggested SOEs should consider foreigners for executive positions. He went on to say that better remuneration packages and higher salaries would be key. This latest development adds some context to the Prime Minister’s remarks and suggests that improvement in remuneration would need to be sizable.

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Singapore food conglomerate to build coffee processing plant in central Vietnam

the-shiv September 9, 2024

This announcement is in line with Vietnam being one of the biggest coffee producers in the world. This has seen a number of key international brands develop processing facilities in Vietnam. Notably, last year, France’s Louis Dreyfus Company and Poland’s Instanta Sp. z o.o. inaugurated a freeze-dried instant coffee production facility in Vietnam’s Binh Duong province. The project reportedly cost US$84.2 million with a capacity of 5,600 tonnes…

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Vietjet Air: Vietnam Stock Overview

the-shiv September 9, 2024

Moving forward, total demand for air passenger transport in 2024 is forecast to reach 84.2 million passengers, an increase of 15 percent compared to 2023. However, the aviation industry has been facing a shortage of aircraft due to a recall of Pratt & Whitney engines. VJC has had to temporarily ground 22 of its 85 aircraft for maintenance and repairs and this may last until 2025…

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Video Games in Vietnam: Cheat Sheet 2024

the-shiv September 9, 2024

Video games in Vietnam are very popular to both play and produce. In fact, one of Vietnam’s biggest companies, VNG, draws most of its revenue from Vietnam’s video game sector. Furthermore, as internet and smartphone penetration continue to grow mobile games in particular continue to pull in millions of dollars in revenue. With this in mind, this article covers key regulations, rules, and realities with respect to producing and distributing video games in Vietnam.

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Vietnam’s Personal Data Protection Decree for Foreign Firms

the-shiv September 8, 2024

Vietnam’s Personal Data Protection Decree sets out comprehensive guidelines for foreign firms operating within the country to ensure robust protection of personal data. In addition, the decree establishes strict requirements for the transfer of personal data abroad. Depending on  foreign firms’ operations in Vietnam, an understanding of this Decree could be crucial to ensuring a firm’s operations run smoothly. With this in mind, this article breaks down key sections of the Decree…

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Vietnam’s Saigon Beer maker planning increased stake in local beer brand Sagota

the-shiv September 7, 2024

Vietnam’s beer market has reported some challenges over the last couple of years from stricter enforcement of drink driving laws, to belt-tightening among consumers on the back of broader economic challenges, to greater competition and an increase in imported beers. As a result, a number of beer makers in Vietnam have recorded negative or slower than expected growth. In this context, this announcement could be the beginning of an era of consolidation within the industry…

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The New York Times receives licence to open Vietnam office

the-shiv September 7, 2024

Of note, it’s not easy to do business in Vietnam for foreign news media outlets. Vietnam’s media industry is small and heavily regulated, particularly in terms of censoring content, though this does not seem to apply to international media outlets to the extent that it does to local news media producers. That said, foreign news operations in Vietnam are still limited in terms of what they can do…

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Vietnam’s August Consumer Price Index stable at 4.04 percent

the-shiv September 6, 2024

Vietnam’s Consumer Price Index slowed in August over July recording an increase of 3.45 percent compared to July’s 4.27 percent. Overall CPI remained steady at 4.04 percent safely within the government’s target range for the year of between 4 and 4.5 percent. Core inflation, meanwhile, saw an increase of 2.71

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Vietnam CPI Tracker: August Update [data set]

the-shiv September 6, 2024

Inflation has been relatively low in Vietnam compared to other parts of the world but this is largely due to government price controls. These lower prices, however, have come at a cost. Input prices, particularly in input dependent industries have risen, however, businesses in many industries have been unable to raise their pricing to compensate. As a result, many have seen their profit margins squeezed while others have had to run at a loss…

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Vietnam’s Industrial Production Index up 9.5 percent year-on-year

the-shiv September 6, 2024

The GSO notes that the processing and manufacturing industry increased by 9.7 percent, that the electricity production and distribution industry increased by 11.6 percent, and the water supply, waste and wastewater management and treatment industry increased by 7.8 percent. It does, however, also note that the mining industry decreased by 6 percent.

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Vietnam Industrial Production Index Tracker: August Update

the-shiv September 6, 2024

Vietnam’s Industrial Production Index grew by 2 percent in August over July, according to data released by Vietnam’s General Office of Statistics. Vietnam’s IIP is now up 9.5 percent year-on-year. The GSO notes that the processing and manufacturing industry increased by 9.7 percent, that the electricity production and distribution industry increased by 11.6 percent, and the water supply, waste and wastewater management and treatment industry increased by 7.8 percent. It does, however, also note that the mining industry decreased by 6 percent.

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Vietnam News Roundup: August 30 to September 5

the-shiv September 5, 2024

This week’s Vietnam news roundup covers foreign trader stock market activity, a cut to production for Japanese solar panels made in Vietnam, a ‘stunning victory’ over a pirate film site in Hanoi, a widening gap in deposits taken and loans issued at Vietnam banks, a new coal-fired power plant set to start a trial run next month, and more…

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