February kicked off in Vietnam with coverage of comments made at an online press briefing in which US Under Secretary of State Jose Fernandez insisted that the Department of Commerce’s review of Vietnam’s non-market economy status would not be politicised. This was after a letter surfaced a few days earlier
The VN-Index closed up Monday, gaining 3.13 points or .25 percent to finish the session at 1,261.41 points. Foreign traders started the week net-buying back into the market to the tune of US$4.13 million. See also: Vietnam Stock Market Indexes: Quick Guide 2024 Foreign trader activity last five trading sessions
Vietnam’s General Office of Statistics has found that Vietnam’s Industrial Production Index decreased by 18 percent in February compared to January and 6.8 percent compared the February of 2023. Note that last year the Lunar New Year, for which there are five public holidays, was in January in 2023 but
About VND 258.2 trillion or US$10.46 billion worth of corporate bonds in Vietnam are set to mature before the end of this year, The Saigon Times is reporting. The real estate industry will account for about US$4 billion or 38 percent with the banking sector a distant second account for
From February 27 of this year, firms looking to take bets on international soccer in Vietnam will need to go through a bidding process, VN Express is reporting. Note that there are currently no legal sports betting businesses in Vietnam, however, there are provisions in several laws referring to the
Vietnam’s main stock market index, the VN-Index finished the last trading session of the week up 5.55 points or 0.44 percent, clocking out Friday at 1,258.28. Foreign traders net-bought back into the market to the tune of US$8.07 million after shedding almost US$15.7 million worth of stocks Thursday. Foreign trader
Elon Musk’s SpaceX has put plans to launch its satellite service on hold in Vietnam due to Vietnam’s foreign ownership limits in the telecommunications industry, Reuters is reporting. Foreign ownership in telecommunications services that include infrastructure are capped at 51 percent in Vietnam for most countries. Members of the Comprehensive
S&P Global’s Purchasing Managers Index–or PMI–has recorded a second consecutive month of growth in February increasing from 50.3 in January to 50.4 in February. Anything above 50 is considered a signal the sector is growing less than 50 and it is shrinking. Key takeaways Business optimism reached a 12-month high–55
Vietnam’s FDI in January reached just over US$2.23 billion. Real estate attracted the most new foreign capital accounting for a little more than half of the total FDI received. It was followed by manufacturing and processing which also had a healthy January recording 63 new projects worth just under US$716
Vietnam is set to ratify the UN’s Freedom of Association and Protection of the Right to Organise Convention this year, Reuters is reporting citing UN officials and diplomats.This would essential give workers the right to organise their own trade unions independent of the government–currently, all trade unions must be affiliated
The VN-Index closed up 13.39 points or 1.09 percent to finish the session at 1,237.46. Foreign traders net-bought into the market to the tune of US$1.8 million continuing to buy back into the HoSE after exiting the market to the tune of just under US$60 million last week. Trading history,
Vietnam’s overnight interest rates went from 2.15 percent February 20 to 4.14 percent on February 21, Vietnam Plus is reporting. The publication says this is connected to a spike in lending in December, however, that was over a month and a half ago (see credit growth table for 2023 here:
Vietnam’s Prime Minister has proposed visa waivers for foreign nationals from developed countries of between six to 12 months, VN Express is reporting. If enacted this would signify a huge shift in visa policy for one of Southeast Asia’s fast growing economies. A little background–Vietnam revised its immigration laws in
Logistics costs are becoming an increasing challenge for Vietnam’s agricultural exports, Vietnamnet is reporting. The publication claims that 60 percent of logistics costs are transport-related and compares this to 30 percent ‘in other countries’ (no source provided). One of the key gripes in this article is that foreign transport firms,
The Diplomat is carrying an article by Mai Truong, an Assistant Professor of Political Science at Marquette University in the USA in which she argues that the current corruption ‘crackdown’ in Vietnam may backfire. Truong argues that the ‘crackdown’: Could encourage citizens to become more political engaged; Could expose internal
The VN-Index has started the week with a 12.17 point or 1 percent gain to finish the day at 1,224.17 points. Foreign traders returned to net-buying after a huge sell-off Friday, though only marginally, net-buying US$1.3 million worth of stock. Trading history, foreign investors, last five trading days Buy Sell
Each month the-shiv provides a snapshot of the manufacturing sector in Vietnam covering the latest developments, key performance indicators, and government data. January overview The year 2023 was the most difficult year in 30 years for the textile and garment industry in 30 years, Le Tien Truong, vice chairman of
January was a good month for Vietnam’s key stock market, the Ho Chi Minh City Stock Exchange. The key domestic index, the VN-index, rose by more than 30 points and foreign-traders net bought into the market to the tune of just over US$7 million. On the latter point, though a
The News and Observer is carrying a breakdown of the tax incentives Vietnam’s Vinfast is receiving with regard to the factory it is building in North Carolina. Essentially, there are a combined US$1.25 billion in incentives on offer for Vinfast under the understanding that the firm will create 7,500 jobs
In the week following the Lunar New Year, Hanoi’s Noi Bai International Airport, was welcoming up to 38,000 international arrivals a day, VN Express is reporting. This puts the airport well over its capacity of 10 million arrivals a year or around 27,000 passengers a day. Ho Chi Minh City’s