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.
Vietjet Air: Vietnam Stock Overview
Moving forward, total demand for air passenger transport in 2024 is forecast to reach 84.2 million passengers, an increase of 15 percent compared to 2023. However, the aviation industry has been facing a shortage of aircraft due to a recall of Pratt & Whitney engines. VJC has had to temporarily ground 22 of its 85 aircraft for maintenance and repairs and this may last until 2025…
Vietnam’s Saigon Beer maker planning increased stake in local beer brand Sagota
Vietnam’s beer market has reported some challenges over the last couple of years from stricter enforcement of drink driving laws, to belt-tightening among consumers on the back of broader economic challenges, to greater competition and an increase in imported beers. As a result, a number of beer makers in Vietnam have recorded negative or slower than expected growth. In this context, this announcement could be the beginning of an era of consolidation within the industry…
Canadian takes reins of Vietnam’s biggest tech firm after police raid
One of Vietnam’s biggest tech firms, VNG, which operates the popular social messaging app Zalo and makes video games, has appointed Canadian Kelly Wong acting CEO after a police raid of its office in Ho Chi Minh City yesterday, Tuoi Tre is reporting. Wong will be stepping up from his
The New York Times receives licence to open Vietnam office
Of note, it’s not easy to do business in Vietnam for foreign news media outlets. Vietnam’s media industry is small and heavily regulated, particularly in terms of censoring content, though this does not seem to apply to international media outlets to the extent that it does to local news media producers. That said, foreign news operations in Vietnam are still limited in terms of what they can do…
Vietnam tech giant VNG raided for reasons unknown
The company has confirmed the raid in a statement but has provided no details as to why. Local media reported on the event at large before removing any reference to the event. It’s also unclear as to why…
Vietnam’s August Consumer Price Index stable at 4.04 percent
Vietnam’s Consumer Price Index slowed in August over July recording an increase of 3.45 percent compared to July’s 4.27 percent. Overall CPI remained steady at 4.04 percent safely within the government’s target range for the year of between 4 and 4.5 percent. Core inflation, meanwhile, saw an increase of 2.71
Vietnam’s Industrial Production Index up 9.5 percent year-on-year
The GSO notes that the processing and manufacturing industry increased by 9.7 percent, that the electricity production and distribution industry increased by 11.6 percent, and the water supply, waste and wastewater management and treatment industry increased by 7.8 percent. It does, however, also note that the mining industry decreased by 6 percent.
Vietnam foreign direct investment registered capital for 2024 reaches US$20.5
The biggest gain was in manufacturing and processing which added 134 new projects and US$1.51 billion. The biggest investor countries were China, Japan, and Singapore, in that order, with US$626 million, US$605 million, and US$271 million registered respectively…
Vietnam News Roundup: August 30 to September 5
This week’s Vietnam news roundup covers foreign trader stock market activity, a cut to production for Japanese solar panels made in Vietnam, a ‘stunning victory’ over a pirate film site in Hanoi, a widening gap in deposits taken and loans issued at Vietnam banks, a new coal-fired power plant set to start a trial run next month, and more…
Vietnam Stock Reviews: Vietnam Rubber Group
GVR has earmarked industrial parks as a future growth driver as opposed to rubber. As the largest natural rubber producer in Vietnam, GVR owns 373,182 hectares of land in Vietnam and. In late 2023, the company received the Prime Minister’s approval for the conversion of nearly 25,000 hectares of this land to industrial parks…
Vietnam data centre for hire market to reach US$235 million: Arizton
Of note, Vietnam’s data centre development was given a significant boost last year when a revised Law on Telecommunications was approved. This law effectively opened the market for data centre development to foreign investment by allowing for full foreign ownership of data centres, cloud computing services, and telecommunications OTT services…
Gap between Vietnam bank deposits and loans issued gets wider
This could be symptomatic of a much bigger problem in that banks are being pressured to lend in order to meet a 14 percent credit growth target set at the beginning of the year which may be contributing to rising bad debts…
Indonesian ride-hailing app GoJek to withdraw from Vietnam market
Of note, it is not the first ride-hailing app to withdraw from the country. South Korea’s Baemin announced it would cease operations in the country back at the end of last year and Uber left Vietnam back in 2018 after selling its Southeast Asian operations to Grab…
Debt creeps up in Vietnam’s real estate sector
Of note, Vietnam’s real estate market is not in good shape and hasn’t been for almost two years now. Though reports of an imminent recovery of the real estate sector have become common in local media, the reality is that these rising debt levels would suggest there is still a long way to go…
New central Vietnam coal power plant set for trial run next month
This comes amidst uncertainty around Vietnam’s net-zero commitment made at the 26th Conference of Parties on the back of a Just Energy Transition Partnership agreement for US$15.5 billion that has been struggling to gain legs…
REE Corporation: Vietnam Stock Overview
In the first half of 2024, REE’s revenue reached US$161.5 million, down 11.5 percent year-on-year. This is partly due to the El Niño phenomenon which has seen drought-conditions in parts of Vietnam, reducing water in hydropower catchments. Additionally, a government policy prioritizing coal-fired thermal power plants to conserve water during the dry season has limited hydropower’s participation in the electricity market…
Vietnam Purchasing Managers Index records 2.3 point fall in August
The S&P Global Vietnam Purchasing Managers’ Index has recorded a 2.3 point fall in August, from 54.7 in July to 52.4 a month later, according to a press release from the firm. This does, however, signal the continued expansion of Vietnam’s manufacturing sector for the fifth month in a row…
Cheap meat imports continue to create discontent in Vietnam
Cheap imported meats have become an increasing concern among local meat producers with similar articles appearing in state media every other week. This narrative is largely growing in prominence on the back of a number of free trade agreements Vietnam has signed on to that are bringing down import tariffs on meat products. This has further been exacerbated by challenges in the local meat industry, particularly repeated outbreaks of African Swine Fever…
Name confusion in fake milk case sparks response from Netherlands dairy in Vietnam
Of note, it is not all that uncommon for local companies to choose names that could easily be associated with an existing firm or brand to high-jack their brand reputation. Though Vietnam has in recent years strengthened intellectual property laws, the reality is that enforcement has been challenging…
Key Vietnam car maker reports profit fall of 6 percent in first half 2024
From a peak in 2022 of VND 7.4 trillion or US$298.3 million, Thaco has seen its profits continue to fall. This has been attributed to a decline in car sales on the back of broader economic challenges in Vietnam. This is, however, only one part of much bigger changes in Vietnam’s car market as new trade agreements pull down tariffs on imports and trade remedies against cars imported from China into the US and EU see Chinese car makers search for new markets…
In today’s Vietnam news: MB Bank expanding lending to Novaland, MB Bank Sungroup lending, Bond reform proposed, Net-zero financing needs, Fuel price changes, Black
In today’s Vietnam news: Foxconn expansion, No GMT for BOT projects proposed, Land prices falling, Cassava chip export restrictions proposed, Diamond trade as conditional
In today’s Vietnam news: VAT cut extension proposal, FDI recorded Jan – July, Bamboo Airways adds flights, Carbon market stalls, HCMC data centre capacity,
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