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Spanish football league to help develop football in Vietnam

Vietnamnet is reporting that the Vietnam Football Federation (VFF) and the Spanish football league (La Liga) have signed an MOU in a first step toward the Spaniards providing training and talent development to the local league.

Why it matters: Vietnam loves football but the local league has been plagued by allegations of corruption for years. As a result, local football fans tend to follow the big international leagues. Just 7 percent of Vietnamese above the age of 18 turned into Vietnam’s V-league in 2018 whereas 26 percent watched the English Premier League, according to an Indochina Research study. Ergo, there is plenty of room for a reformed local league to grow and for all involved to profit.

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Vietnam shelves new coal power plant in southern Vietnam

Of note, it was announced at the beginning of June that Toyo had managed to secure a US$980 million loan from Exim Bank. This announcement, however, was met with some concern on account of the fact that Vietnam has signed up to a Just Energy Partnership Agreement worth US$15.5 billion to be used to reduce its dependence on coal…

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Vietnam CPI Tracker: 4.34 percent in June [data set]

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 News Roundup: June 29 to July 4

This week’s Vietnam news roundup covers the latest tourism and industrial production numbers, the increase to the minimum wage that kicked in Monday, the new start dates for several key laws, approval of a Value-Added Tax reduction to the end of the year, foreign trader stock market transactions, and more…

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