vietnam
The Vietnam category covers economic developments, investment trends, and policy updates specific to the country. It explores market opportunities, trade relations, industry growth, and government initiatives, providing insights into Vietnam’s role in global supply chains, emerging sectors, and foreign business expansion.
Google is considering building a data centre in Vietnam: Reuters
Of note, electricity is relatively cheap in Vietnam. The average world electricity price is about 15.5 US cents per kilowatt-hour, however, electricity in Vietnam runs at about 7.2 US cents per kilowatt-hour. That said, power shortages and blackouts across northern Vietnam in 2023 cost the economy around US$1.4 billion by one World Bank estimate. This is likely to be a key challenge for the company if it is to go ahead.
Vinh Hoan (seafood): Vietnam Stock Overview
Vinh Hoan, listed on the Ho Chi Minh Stock Exchange under the ticker VHC, is a leading Vietnamese seafood company. Established in 1997, it has become one of the world’s largest pangasius exporters, with a strong presence in the US and Europe…
Vietnam News Roundup: August 23 to August 29
This week’s Vietnam news roundup covers foreign trader stock market activity, Vietnam’s plane shortage, the World Bank’s latest GDP forecast, the latest Mercedes-Benz factory licensing challenge update, VinPearl’s latest bond issuance in Singapore, and more…
TCL Smart TVs made in Vietnam caught up in US trade probe
TCL has had a presence in Vietnam since 1999. Its headquarters in the country are in Binh Duong, next door to Ho Chi Minh City, on which the firm has spent US$45 million and at which it employs 2000 staff. The facility is expected to make an estimated 6 million units this year most of which are destined for the US market. In this context, this trade investigation in the US could have a significant, adverse impact on Vietnam, depending on the outcome.
US announces September Vietnam trade mission to boost agricultural exports
Of note, the US was slated to benefit from a range of tariff reductions on agricultural goods in Vietnam as part of the Trans-Pacific Partnership agreement. It was, however, withdrawn by the Trump administration. This has put US agricultural producers on the back foot compared to other major agricultural producers like Australia and Canada in the Vietnam market…
Vietnam Stock Reviews: Gelex Group
In the first half of 2024, revenue and pre-tax profit experienced an increase of 3.8 percent and 74.4 percent compared to the previous year, respectively. The significant increase in pre-tax profit was partially attributed to the sale of majority stakes in three Gelex Group subsidiaries to Singapore’s Sembcorp. Of note, in August 2024, 300 million shares in Gelex Electric, a subsidiary of Gelex Group, were officially listed on the Ho Chi Minh Stock Exchange under the ticker GEE.
Vietnam rare-earths war heats up with Chinese SOE throwing hat in mix
Of note, the US Geological Survey’s Mineral Commodity Summaries 2024 estimated Vietnam’s rare earth reserves to be in the vicinity of 22 million tons. China, which has the largest reserves, for comparison, is estimated to have double that at 44 million tons, and Brazil which comes in third place has roughly 21 million tons…
Thai retail conglomerate sees uptick in Vietnam revenue in first half 2024
Of note, opening a retail store in Vietnam for foreign firms is not always easy. Not only are there a number of technical requirements that need to be met, but Vietnam has also developed its own retail store culture, putting its own twist on retail store shopping experiences…
Gambling ad sports broadcast embeds headache for Vietnam pay-TV providers
This comes after Pay-TV providers were warned earlier this year that showing gambling ads on television was prohibited. The association has instead recommended that the Ministry of Information and Communication focus on cracking down on, and blocking, illegal gambling website sites.
Vietnam Court releases impact assessment of 2014 Bankruptcy Law
For context, it is not unusual for Vietnamese firms in financial distress to try and hold out for as long as possible offloading assets and leaving bills unpaid for months at a time–note that a firm in Vietnam is not considered insolvent until its debts are more than 90 days past due. This can be off-putting for foreign firms doing business in Vietnam with respect to working with local firms–it increases risks and subsequently costs.
Vietnam takes last place on Environmental Performance Index 2024
The results of this report come as a blow to Vietnam’s green credentials which have become increasingly important for foreign firms establishing themselves in the country. These results, however, should not come as a surprise with the International Energy Association noting earlier this year that Vietnam was on track to become the world’s fifth-biggest coal importer…
Gelex Electric: Vietnam Stock Overview
Of note, in August 2024, 300 million shares in Gelex Electric were officially listed on the Ho Chi Minh Stock Exchange under the ticker GEE. Previously, the stock had been traded on the Unlisted Public Company Market…
Vietnam’s VinPearl issues new US dollar bonds in Singapore at 9.25 percent
Vinpearl is a prominent tourism and entertainment conglomerate in Vietnam. Its well-known for its resorts, amusement parks, and cable cars. The company is also a part of Vietnam’s biggest conglomerate, VinGroup. Over the last few years, Vingroup has been struggling to develop its electric car arm, VinFast. The subsidiary reportedly lost US$2.4 billion last year with heavy losses continuing into 2024.
South Korean Choco-pie maker expecting Vietnam dividend over US$78 million
Vietnam’s food and beverage industry has experienced remarkable growth in recent years, driven by a combination of factors including rapid urbanisation, rising disposable incomes, and a burgeoning middle class. This has seen a big uptick in snack food consumption. On average, Vietnamese consume 5.2 kilograms of snack foods per person, slightly higher than the global average of five kilograms…
A Brief History of Startups in Vietnam: Unpacked 2024
A culture of ingenuity along with big appetites for risk has seen Vietnamese entrepreneurs slide seamlessly into the global start-up scene. But start-ups require capital and the capital flowing into Vietnamese startups has slowed considerably post-pandemic. With this in mind, this article runs through what’s changed, how it’s changed, and what might happen next…
World Bank ups GDP growth forecast for Vietnam in 2024
The World Bank has released its August 2024 Taking Stock Report in which it forecasts GDP growth in Vietnam of 6.1 percent. This was a significant bump from a forecast of just 5.5 percent in bank’s April Taking Stock Report…
Vietnam Stock Reviews: Khang Dien (real estate)
In the first half of 2024, KDH’s revenue declined by 3.5 percent, and profit dropped by 32.5 percent compared to 2023. That said, Khang Dien has two major projects slated for sale in the fourth quarter of 2024, including the Emeria & Clarita—low-rise housing and apartment developments in Thu Duc City, co-developed with Singapore’s Keppel Land, featuring 200 townhouses, villas, and 600 apartments. As these projects are completed and launched, business results are expected to improve.
Vietnam’s Ho Chi Minh City to Hanoi flight route among busiest in the world
The local airline industry has faced a number of challenges, particularly recovering from pandemic border closures which grounded most of their aircraft. Foreign investment and expertise could be one possible solution, however, investment in airlines in Vietnam is capped at 34 percent which can make influencing key decisions challenging…
Extension proposed for casino pilot program allowing Vietnamese bettors
In general, gambling is illegal for Vietnamese in Vietnam with casinos only open to foreigners. That said, during the COVID-19 pandemic these rules were relaxed at the Corona Casino in Phu Quoc. Local residents were permitted to gamble at the establishment as part of a pilot program that was to run for three years, however, is now likely to be extended to the end of 2024.
Vietnam MPS on hunt for burned APAX investors re: fraud case against group’s leader
Trading in APAX Holdings, which was listed on the Ho Chi Minh City Stock Exchange, was suspended late last year and the stock was subsequently delisted for disclosure violations. Specifically, it had failed to provide sufficient financial reports. This comes after years of reports that the firm had failed to pay local and foreign staff for months at a time, with reports there may be some amounts that have now been outstanding for years. That said, the linked article does not make mention of wage theft or amounts owed to other creditors.
In today’s Vietnam news: Crypto transfers to VN not necessary, Novaland bond changes, Perspectives on garment industry, Working hours cut proposed, Adding political component
In today’s Vietnam news: Fuel prices cut, Double-digit growth target reinforced, New airport services delay approval requested, TikTok VN investment, Bybit in Vietnam, LG
In today’s Vietnam news: VN renews antidumping tariffs on Thai sugar, Power supply challenges continue, USTR tariffs forced labour, AMRO growth forecast downgrade, Foreign
This is an interview with Chris Walker, a Vietnam Sourcing Expert with Vietnam Factory Tours how rising oil prices and the Middle East crisis are
This is an interview with John Gardner, CEO and Founding Partner, at Optimum Hospitality in Ho Chi Minh City. It covers fuel price impacts on:
This is an interview with Dr Nuno F. Ribeiro, Associate Professor, International Tourism & Hospitality Management at Copenhagen Business College, formerly of RMIT Vietnam. It