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Vietnam News Roundup: May 3 to May 9

Note: you can republish this article in your newsletter or on your blog for free as long as you credit and provide a backlink to the-shiv. Aviation news Vietnam aviation regulator investigating high airfares The Civil Aviation Authority of Vietnam has reached out to consumers who believe they have been

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Vietnam C.bank still struggling to make gold auctions work

Vietnam has held its second successful gold auction this year, however, the State Bank of Vietnam–theSBV–only managed to sell 3,400 SJC gold bars, Tuoi Tre is reporting.  Of note, multiple gold auctions have been announced in the last few weeks but have been cancelled due to a lack of interest. 

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Vietnam’s non-market economy status has US hearing

The US Department of Commerce has held a hearing into Vietnam’s application to have its non-market economy status revoked, Reuters is reporting. Reuters notes that opponents of the change cited the volume of investment and input goods from China that are powering Vietnam’s growing export-orientated economy, suggesting Vietnam was being

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English News in Vietnam: A Quick Guide 2024

Vietnam has a broad number of English-language news agencies and publications. There are, however, limitations on what can and cannot be reported in Vietnam with one of the strictest media censorship regimes in the world.  That said, with few alternative sources of Vietnamese news media, this guide outlines the key

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This quote about Vietnam’s new stock trading system

Vietnam’s new KRX stock trading system which was slated to begin operating on May 2 but has been delayed, is not up to scratch according to sources quoted by The Investor. Of note, one ‘representative of… a securities company’  told the publication that: “The testing process still has many errors,

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Vietnam’s Offshore Wind Power Holdup: Unpacked

At the beginning of March of this year, a 100-ton wind turbine fell apart over a fish and shrimp farm in Vietnam’s Bac Lieu province. No one was injured but some three weeks later the owner of the shrimp farm made a compensation claim in the amount of VND 160

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Vietnam ranks 176th on World Press Freedom Index

Vietnam has come in eighth to last on the Reporters Without Borders World Press Freedom Index beating out Eritrea, Syria, Afghanistan, North Korea, Iran, and Turkmenistan. The report notes that Vietnam is the fourth biggest jailer of journalists in the world. In terms of economic development, the correlation between greater

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UOB says Fed rate cut will see dong appreciate by year-end

Singpore’s United Overseas Bank–or UOB–has said that it expects the dong to appreciate between now and the end of the year, The Investor is reporting. This is reflected in UOB’s Quarterly Global Outlook 2Q24 which suggests that a recovery in China will likely strengthen the local currency as well as

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State Bank of Vietnam cancels another gold auction

The State Bank has cancelled another gold auction due to a lack of interest, Vietnam News is reporting. Gold auctions were floated as one way to reduce the price of gold in Vietnam, however, thus far there have only been two successful buyers with the price set by the State

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Vietnam News Roundup: April 26 to May 2

Banking and finance news State Bank considering reduced reserve requirements for buyers of distressed banks The State Bank of Vietnam–the SBV–has floated the idea of allowing financial institutions that take over distressed banks under the SBV’s ‘special supervision’ to benefit from reduced reserve requirements, Vietnam News is reporting. This comes

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Vietnam’s PMI improved but only marginally

S&P Global’s Purchasing Managers Index or PMI has found that Vietnam’s manufacturing sector grew in April but only slightly, per a press release from the firm. The key manufacturing index registered 50.3 up from 49.9 in March. The survey also found that: The jump in the index was fueled by

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Vietnam bank deposits have started to fall

Vietnamese are depositing less money in bank accounts in search of higher returns elsewhere and this is putting pressure on banks to raise deposit interest rates, VN Express is reporting. Notably, concerns have also been raised that this may put upward pressure on lending interest rates which could be problematic

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