latest Vietnam news updates

Banking and finance news State Bank has pumped US$24 billion into SCB to keep it afloat The State Bank of Vietnam–the SBV–has pumped about US$24 billion into Saigon Commercial Bank–or SCB–to keep it afloat, Reuters is reporting. SCB was at the centre of a fraud scandal worth upwards of US$12

This week’s Vietnam news roundup covers the latest FTSE Russell HoSE review, credit growth developments, and import-export news. Aviation news Vietnam aviators to be short up to 26 jets over summer: CAAV The Civil Aviation Authority of Vietnam–the CAAV–is forecasting that Vietnamese airlines could be short up to 26 jets

Manufacturing news Vietnam’s manufacturing industry records slight decline in March S&P Global’s Purchasing Manager’s Index recorded a fall for Vietnam’s manufacturing sector in March, with the index dipping below the 50-point break-even mark. At 49.9 points this was a half-point drop from February’s 50.4. Key takeaways Optimism in the industry

General news President of Vietnam Vo Van Thuong resigns Vietnam’s president, Vo Van Thuong, officially resigned this week. This was reportedly a part of the ‘blazing furnace’ anti-corruption campaign that has been running for the last two years or so. Unofficial news sources, late last week, had suggested the announcement

This week’s Vietnam news roundup covers February cars sales and customs data, gold prices, Vietnam’s stock market, and a range of other business news in Vietnam. Economy news UOB forecasts Vietnam GDP growth of 5.5 percent in Q1 This is an increase over the 3.3 percent Vietnam saw in the