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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 stock exchange pre-funding requirements to be lifted for foreign institutions
Of note, the circular appears to only address foreign institutional investors and not foreign individual investors which account for about 42,446 registered trading accounts in Vietnam. Neither FTSE Russell or MSCI, however, appear to make a distinction between the two in terms of the need to remove pre-funding requirements. With this in mind, this latest announcement should be viewed with cautious optimism…
Mobile World (retail): Vietnam Stock Overview
In the first six months of 2024, MWG’s revenue increased by 15 percent compared to 2023 due to a broader economic recovery, stimulating consumer spending. Profit after tax also surged to US$84.1 million compared to US$1.6 million in the first half of 2023. This improvement was primarily driven by strategic restructuring efforts–the company laid off 5,936 workers and closed a bunch of underperforming stores…
Trump golf course could be on the cards for northern Vietnam
Of note, historically Trump has been a popular figure in Vietnam. A Pew Research Centre survey in 2017, not long after Trump was elected president of the United States, found that Vietnam was just one of a handful of countries of the 37 surveyed where the majority of respondents had confidence in the real estate developer and reality TV star…
FIFA launches tender for World Cup 2026 media rights for Vietnam
At this early stage it’s not clear how much the broadcast rights might cost, but in football mad Vietnam they are likely worth a lot. Notably in 2018, Vietnam’s VTV broadcaster paid an estimated US$12 million and for the 2022 World Cup paid US$14 million…
Beer production in Vietnam falls .1 percent in August over July
Of note, Vietnam’s beer industry has been struggling since COVID on the back of a change in consumer behaviour, broader economic challenges that have reduced spending power, an increase in beer imports, and stronger enforcement of drink-driving laws…
Ministry proposes solid nine-day stretch for Tet holiday in Vietnam in 2025
Notably, in 2024, the holiday ran from Thursday, February 8 to Wednesday, February 14 leaving just two days to be worked in the week, and in 2023 it ran from Friday January 20 to Thursday January 26, leaving just one working day left in the week. In this context, a continuous nine-day break would be a welcome change.
SSI Securities Corporation: Vietnam Stock Overview
Despite positive business results in the second quarter of 2024, SSI shares experienced an 18 percent decline from April 1 to September 16. This downturn was attributed in part to broader market trends with the real estate sector underperforming and significant net selling by foreign investors…
Can Vietnam Survive the Steel-Trade Wars?
Cheap Chinese steel is flooding markets around the world causing headaches for local steel makers. This has led to anti-dumping investigations in a number of countries that look to have caught Vietnam in the crossfire. It is not, however, going quietly but launching its own anti-dumping investigations as well. In this context, this article looks at what has happened to Vietnam’s steel industry, how it is responding, and what that might mean moving forward.
Thai retail chain opens new mall in northern Vietnam
Of note, Central Retail recorded revenue in Vietnam of about US$777.4 million in the first half of this year. This was up from US$760 million last year. It was, however, also in the context of a 0.8 percent fall in sales in the Vietnam market for the retailer…
Vietnam electronics exports up 14.5 percent August over July
Vietnam’s exports of computers, electrical products, and spare parts and components thereof, climbed by 14.5 percent in August over July from US$5.9 billion to US$6.76 billion. Vietnam’s electronics exports for the year now stand at US$46.4 billion which is an increase 28.9 percent over the same period last year…
KinhBac City Group (real estate): Vietnam Stock Overview
In March, KBC’s management board said it anticipated receiving investment approval for two projects by June 2024, namely the Trang Due 3 Industrial Park and Trang Cat Urban Area in Hai Phong City. This would have given the firm’s bottom line a significant boost. However, this did not come through with a report by SSI Research released on August 8, suggesting that the Trang Due 3 Industrial Park was unlikely to be completed this year…
Labour Contracts in Vietnam: Ultimate Guide 2024
In Vietnam, labour contracts are governed by the Labour Code, which establishes the rights and obligations of both employers and employees. Labour contracts must be clearly defined and meet specific legal requirements to ensure the protection of both parties. Here is a detailed overview of the key elements of labour contracts in Vietnam:
Electricity production in Vietnam up 2.1 percent in August over July
Of note, the bulk of that power has come from burning coal with hydropower plants being used as back up in order to avoid the power outages that plagued the northern provinces last year. Coal production in Vietnam, however, has fallen this year by about 12.3 percent. Consequently, there has been a spike in coal imports this year of 32.7 percent by value and 16 percent by volume.
Audits find broad inaccuracies in fin. statements for several Vietnam real estate firms
For example, in financial reports compiled by Saigon Real Estate Corporation, VND 76.6 billion in revenue was reported, however, after audit that number was reduced to VND 60.2 billion. It also saw a self-reported profit of VND 2.4 billion become a loss of VND 23.4 billion…
Typhoon Yagi estimated to have caused US$1.63 billion in damage in Vietnam
That said, there may be more costs to come with factories and manufacturing facilities damaged across the northern provinces–the Ministry is estimating that Vietnam’s economy could take a hit this year of .15 percent from typhoon Yagi…
Vietnam Ministry officially tasked with researching nuclear power for Vietnam
Of note, during Vladimir Putin’s brief two-day visit to Hanoi last week back in June, the Russian president oversaw the signing of a memorandum of understanding between Russia’s Rosatom State Nuclear Energy Corporation and Vietnam’s Ministry of Science and Technology. If realised, the agreement would see the former assist the latter to establish a Nuclear Science and Technology Center in Vietnam with a Russian nuclear reactor…
Two foreign firms warned against ads on restricted content in Vietnam
The MIC maintains a blacklist and a whitelist of places where advertisements can and cannot be shown which is supposed to make it easier for advertisers to avoid breaking the rules. In reality, however, both lists are very short and severely limiting, making it difficult on a practical level for advertising firms to comply…
Vietnam coffee exports up 5.5 percent August over July
Vietnam’s coffee exports climbed by 5.5 percent in August over July from US$381.2 million to US$402.2 million. Vietnam’s coffee exports for the year now stand at US$4 billion which is an increase 35.6 percent over the same period last year. That said, Vietnam has seen a decline in the volume of coffee exports of 12.1 percent year-on-year.
Cross-border service providers see jump in tax payments in Vietnam year-on-year
Cross-border service providers that do not have an office in Vietnam have been required to pay tax under Vietnam’s Foreign Contractor Tax regime since 2021. Of note, most of these firms are actually required to open local offices per the Law on Cyber Security, however, few of them have with foreign firms in local offices set to “bear stricter supervision and satisfy more requirements,” according to the Ministry of Information and Communication…
US automotive manufacturer inaugurates second Vietnam factory
Motorcycle sales, despite a decline of 16.21 percent in 2023 compared to 2022, still far exceeded car sales. The comparison between the over 2.5 million motorcycles sold and just over 214,000 passenger cars sold underlines how deeply motorcycles are integrated into daily life…