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.
Vietnam gold prices jump up on ‘impatient’ buyers
Recent record high gold prices in Vietnam have in part been caused by ‘impatient’ buyers, Tuoi Tre is reporting. A number of buyers were waiting for the gold price to go down but as it reached record highs they gave up waiting and bought into the market anyway pushing the
Vietnam gold stores are running out of gold
Gold stores have been applying limits to how much gold a single customer can buy on the back of higher processes and lower supplies–some have even run out of gold entirely, according to VN Express. The arrest of a local gold smuggler made national news last week which was likely
Vietnam secures funding for two LNG plants but start date uncertain
Yesterday there was an article in VN Express that said Vietnam would have LNG power by April 15. Today, however, The Investor is reporting that PetroVietnam Power has secured short-term funding for the two plants which are expected to go online November 15 this year and May 15 next year.
Vietnam construction material makers stills struggling to find buyers
A number of construction materials firms reported losses last year and are now asking for government support, specifically more large scale infrastructure projects, Doanh Nhan Vietnam is reporting. This is not a good sign for the real estate industry in that construction firms, presumably in the know, are not banking
Vietnam consumer finance firms record broad business downturn
The consumer finance market in Vietnam has taken a dive with most of the big players recording losses or sharp falls in profits in 2023, Doanh Nhan Vietnam is reporting. Outstanding debt to the sector, according to Nguyen Quoc Hung, General Secretary of the Vietnam Banking Association, is down VND
Electricity shortages on the cards for northern Vietnam this summer
Northern Vietnam’s electricity consumption could increase by as much as 17 percent this summer, however, the supply of electricity is slated to have added only 10 percent, VN Express is reporting Last year, power shortages cost Vietnam an estimated US$1 billion.
Business confidence in Vietnam improves in Q1 2024: Eurocham
Eurocham and Decision Lab have released their quarterly business climate index for Q1 which has found a slight increase in business confidence. The index recorded a score of 52.8 up from 46.3 but still well below the all-time high of 86 recorded in 2016. Of note, new in this report
Vietnam’s Airline Industry Turbulence: Unpacked
When Vietnam’s Bamboo Airways first took to the skies in January of 2019, everything was looking up for Vietnam’s airline industry–not only was international tourism flourishing but rising incomes among middle-class Vietnamese were fueling a boom in domestic tourism as well. In fact, the route between Hanoi and Ho Chi
Credit growth in Vietnam just 1 percent for first quarter 2024
Vietnam’s credit growth for the first quarter of 2024 was just 1 percent, according to Deputy Governor of the State Bank, Dao Minh Tu, and reported by VN Express. This is a far cry from where it was at the same time last year–2.56 percent–and does not bode well for
Vietnam gold ring prices hit record high
Gold rings were selling in Vietnam for more than VND 73 million per tael on Friday which was a record high, according to VN Express. Of note, this would make the price per troy ounce US$2,196.07. The world gold prices as of Saturday morning was US$2,329.93 per troy ounce–this would
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 over the summer, VN Express is reporting. This is on the back of maintenance issues with some jet engines. This is impacting airlines all around the world which are scrambling to secure
Vietnam News Roundup: March 29 to April 4
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
Foreign traders net-withdraw over US$450 million from HoSE in March
Foreign traders pulled almost half a billion dollars from the Ho Chi Minh City Stock Exchange–the HoSE–in March. This adds to the US$110 million withdrawn in February after a net-gain in January of just over US$7 million. All-up, so far this year, foreign traders have net-withdrawn US$644.3 million from the
Vietnam’s foreign reserves on table if VND decline continues: SBV Deputy Governor
Banks were selling US dollars for upwards of 25,000 Vietnamese dong a piece on Thursday, the most a single US dollar has been able to buy ever, according to VN Express. In response, the Deputy Governor of the State Bank of Vietnam (SBV), Dao Minh Tu, has said that the
The Power Development Plan 8 Implementation Plan was approved
The Prime Minister issued Decision 262/QD-TTg on April 1 approving an implementation plan put together by the Ministry of Industry and Trade, for the implementation of the Power Development Plan 8–or PDP8–that was approved last year. It essentially goes into the specifics dividing power production aims by region and then
Vietnam’s Industrial Production Index jumps 20 percent in March
Vietnam’s Industrial Production Index–or IIP–was up 20 percent in March over February according to Vietnam’s General Office of Statistics. Notably, the IIP saw an 18 percent fall in February as a result of the Lunar New Year holiday and in this context these latest results seem to indicate a return
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. Recording a 49.9 this was a drop of .5 percent from February’s 50.4. Key takeaways Optimism in the industry for the year was at an 18-month high;
Vietnam’s legal argument for not returning four ex-Vietjet planes
This analysis of a dispute between foreign aircraft lessor, Fitzwalter Capital Partners, and Vietnam’s Vietjet, in which Vietjet failed to return four planes after a lease agreement was terminated, goes into the legal argument for keeping the aircraft in Vietnam. Specifically, the article states that when the ownership of the
Vietnam’s Semiconductor Manufacturing Ambitions: Unpacked
It was 2008. The world was in the throes of the global financial crisis and businesses and consumers were tightening their belts all over the world, Intel, however was expanding. Specifically, it was building its biggest chip factory at the time in southern Vietnam. This was something relatively new for
Vietnam News Roundup: March 15 to March 21
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
In today’s Vietnam news: Facebook account theft ring shut down, Minimum wage to rise from Jan 1, Nuclear power project reorganisation proposed, No jail
In today’s Vietnam news: Research prosecution exemption, Fuel retailer losses, Semiconductor degree requirements, Eurocham BCI, Government bond auction Wednesday, Australia tourist visa problems, Coffee
In today’s Vietnam news: Accor-Sun Group agreement, US largest ethanol supplier, Demographic dividend to end 3 years early, Maritime economy development, ACV looking to
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