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.
New electricity tariffs for business in Vietnam from October 11, 2024 [table “” not found /]
The average retail price of electricity has been set at VND 2,103.1159 per kWh, excluding value-added tax (VAT). This price structure, detailed in an appendix to the decision, applies to both users and retailers and does not include VAT…
Malaysia launches trade investigation into steel bars from Vietnam, others
Of note, this is the second anti dumping probe into steel bars launched this week with Australia announcing a similar investigation. This is in line with a growing number of antidumping and circumvention investigations on steel products exported from Vietnam…
Vietnam stock exchange total market cap. reaches US$280 billion
September also witnessed a sharp increase in trading activity, with the average daily trading value rising to VND 15.867 trillion per session or US$634.68 million, up 14.9 percent from the previous month…
Vietnam News Roundup: October 11 to October 17
This week’s Vietnam news roundup covers the latest aviation news, insurance premium revenue, trade remedies investigations, car sales, garment and textile exports, and more.
Vietnam footwear exports down 24.6 percent September over August
The United States remains the largest export market, but experienced a significant decline of 31.90 percent in September compared to August, as did China with a decline of 45.69 percent, while Japan and South Korea similarly saw large drops of 38.42 percent and 44.23 percent respectively…
Vietnam business environment most improved 2003 to 2023: The Economist
The publication cites Vietnam’s ascension to several free trade agreements as well as declining operational costs and increased public investment in human capital as driving the improvement. It also suggests this is likely to continue…
Australia launches anti dumping probe into steel rebar from Vietnam, others
This latest investigation is in line with a growing number of antidumping and circumvention investigations on steel products exported from Vietnam…
Vietnam C.bank floats new circular on bank accounts for foreign stock traders
These new regulations are designed to simplify the procedures and documentation required for opening indirect investment accounts, removing the need for consular legalisation for foreign-language documents. It would also introduce the option for foreign investors to open accounts electronically. Additionally, the circular would permit foreign investors to open multiple indirect investment accounts, providing greater flexibility for their investment activities…
Cost of eating out in Vietnam rises 0.65 percent in September over August
The cost of eating out in Vietnam went up by .65 percent in September over August, according to the General Department of Statistics’ Consumer Price Index data. This was coupled with a year-on-year increase in the cost of eating out of 3.84 percent…
Vietnam domestic flight numbers experience biggest fall this year in September
Of note, year to date, Vietnam Airlines and Vietjet have executed 83,552 and 83,326 flights, respectively, putting Vietjet just a cat’s whisker away from being Vietnam’s biggest airline in terms of the number of flights…
Bamboo Airways is resuming international flights
This is somewhat of a surprise in that the airline has been struggling for the better part of two years during which it has repeatedly downsized its fleet and number of routes…
Saigon Thuong Tin Commercial Bank: Vietnam Stock Overview
In 2015, Sacombank merged with Southern Commercial Bank, the latter known as Phuong Nam in Vietnamese, which was in distress without about 50 percent of its debts considered bad at the time. This merger had a huge impact on Sacombank’s business performance in the period from 2016 to 2023 as it needed to set aside provisions for, as well as process, these bad debts. However, most of that assets have now been handled…
Vietnam debit card payments could reach US$65.6 billion by 2028: GlobalData
The expansion is being fuelled by increased bank penetration and a continued shift among Vietnamese consumers towards electronic payments. As more individuals open bank accounts and adopt cashless payment methods, the use of debit cards has seen a steady rise across the country.
Vietnam GDP could take .3 percent hit if special consumption tax on alcohol raised
The article goes on to canvas the opinions of a range of industry groups but there does not appear to have be any analysis of the cost savings from a reduction in alcohol related illnesses and road deaths and property damage caused by drunk drivers nor how the funds collected might be redistributed…
Vietnam’s Economy in Q3 Beyond GDP Growth: Unpacked
Vietnam’s GDP grew by 7.4 percent in the third quarter of 2024 compared to 2023, according to data from the General Office of Statistics. This was higher than expected and bucked an understanding that it might take a hit off the back of Typhoon Yagi. This ostensibly positive news, however, seemed to overshadow another couple of key economic observations.
Vietnam’s regtech industry could reach US$175 Million in 2024: Report
The report posits that the regtech sector will experience steady growth over the next several years, with a compound annual growth rate of 22 percent during the 2024-2029 period. This sustained expansion reflects the increasing demand for regulatory technologies in areas such as financial services, data protection, and risk management…
Vietnam coffee exports fall 29 percent September over August
Of note, Spain led as the largest importer in September with 5,786 tons, valued at US$34.19 million, showing moderate growth in both tons (5.95 percent) and value (11.77 percent). Italy and China also remained key markets, though Italy saw a major decline in volume (-46.2 percent) and value (-38.11 percent).
Vietcombank: Vietnam Stock Overview
VCB’s business performance in the first half of 2024 was unremarkable, with total operating income declining by 5.4 percent year over year to US$1.37 billion. Of which, net interest income dropped by 0.84 percent. VCB’s credit growth reached 7.8 percent by the end of the second quarter, pretty close to the average of 7.6 percent for listed banks…
Vietnam garment and textile exports down 26.5 percent in value September over August
Vietnam’s garment and textile exports fell by 26.5 percent in September over August from US$4.1 billion to US$2.98 billion. Vietnam’s garment and textile exports for the year now stand at US$27.3 billion which represents an increase of 8.9 percent over the same period last year…
Vietnam insurance premium revenue falls .41 percent January to September
Of note, last year allegations emerged bank customers were allegedly being told by staff at several, banks they were depositing money into high-interest savings products, but in reality, they were being sold insurance policies. This did broad reputational damage to the insurance industry from which it looks to still be struggling to recover…
In today’s news: Abandoned property tax proposed, Novaland rejects bankruptcy rumours, Vietnamese trade delegation visits Iran, US duties Vietnamese air compressors, EVF plans US$300
In today’s news: Challenges to 10 percent growth target, Proposed rare earth export ban eased, Vietnam records US$122 billion in crypto activity, Norway shipbuilder
In today’s news: Credit rating improvement target, Vinhomes Pomina Steel loans, Meat imports, Nghi Son refinery performance, Trade returns to surplus, Credit growth numbers,
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