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.
Analysis of Vietnam’s approach to trade union reforms per the EVFTA/CPTPP
DW is carrying this analysis of Vietnam’s approach to ratifying the UN International Labor Organization’s Convention 87 which would allow independent trade unions in Vietnam. Of note, it carries comments from Joe Buckley, a researcher specialising in labour and development in Southeast Asia. He points out that Vietnamese law makes
VN-Index up, foreign traders net-sell US$7 million, March 13
The VN-Index closed up 9.51 points or .77 percent to finish Tuesday at 1,245 points. At the same time,foreign investors net-withdrew US$7 million. The top traded stocks overall were securities, banks, and steel with foreign traders particularly active in Mobile World Group (MWG) and Military Bank (MBB). Foreign trader activity,
Vietnam C.bank starts issuing T-bills to reduce pressure on dong
The State Bank of Vietnam issued VND 14.999 trillion or US$609 million yesterday in a renewed attempt to halt the devaluation of the local currency, The Investor is reporting. Key takeaways: Overnight loans account for 90 percent of transactions and were attracting an interest rate of 1.17 percent on March
Vietnam’s Stock Market Upgrade Opportunity: Unpacked
Over the course of 2023, foreign investors exited their positions in the Ho Chi Minh City Stock Exchange–or the HoSE–to the tune of more than US$1 billion. This mass exodus could have been for any number of reasons: demand in key export markets was faltering, several financial crimes had been
This opinion piece in support of redesignating Vietnam a market economy
John Borton, a non-resident senior fellow at Johns Hopkins/SAIS Foreign Policy Institute, has written an opinion piece for the Geopolitical Monitor in which he argues for making Vietnam a market economy. Borton argues that: There would be bilateral benefits in market access and export opportunities; Other countries have already done
The data in this article about Vietnam’s electric vehicle market
Cleantechnica is running an article about Vietnam’s electric vehicle market in which they use data from the International Trade Association that suggests that the car ownership rate in Vietnam will reach 30 percent by 2030 up from 5.7 percent in 2020. The original report also says that rate will be
VN-Index falls, foreign investors net-buy US$9.9 million, March 11
The VN-Index did not start the week on the right foot falling 11.86 points on Monday or .95 percent to finish the first day of the trading week at 1,235.49. Conversely, foreign investors started the week buying back into the market to the tune of US$9.9 million. Foreign trader activity,
This opinion piece re: US dollar, gold prices in Vietnam
Penned by Nguyen Huu Huan, an economist at the Ho Chi Minh City University of Economics, this piece in The Investor makes several points about US dollar and gold prices in Vietnam. These include: Gold fever is being driven by a lack of other investment options; The rising price of
Vietnam banks continue to reduce deposit interest rates
VP Bank, for example, is offering an interest rate of 4.8 percent on a 12-month term deposits, Zing News is reporting. Note that Vietnam has a target for inflation of 4 to 4.5 percent. This suggests that, despite a jump in interbank interest rates in February, banks still have abundant
HCMC customs steps up action against imports, exports of firms with unpaid taxes
Specifically, the Ho Chi Minh City Customs Department has stopped import and export procedures for Gia Dinh Textile and Garment Company over VND 100 billion (US$4 million) in unpaid taxes, VN Express is reporting. This is yet another instance of Vietnam customs being used to collect tax debts. At the
Vietnam corporate bond issuances down on return of postponed regulations
There were just three corporate bond issuances in Vietnam in February to the value of VND 1.165 trillion (US$47.3 million), Tuoi Tre is reporting. This brings the total number of bond issuances for the first two months of the year to eight valued at a collective VND 5.96 trillion (US$242
Vietnam adds 18 ultra-high networth individuals (UHNWI) in 2023
Per Knight Frank’s Wealth Report 2024 this was an increase over 2022 of 2.4 percent bringing the total to 752, Vietnam News is reporting. The report predicts that the number of ultra-high net-worth individuals in Vietnam will increase by 30 percent over 2023 numbers to reach 978 by 2028. Note
VN-Index down, foreign traders net-sell US$27 million, March 8
The VN-Index finished the trading week down Friday, losing 11.21 points or 1.66 percent to close at 1,247.35. This was a significant drop and coincided with a sell-off by foreign traders of just over US$27 million. Foreign trader activity, last five trading days Buy Sell Change Date VND* US$ VND*
Insights from the 2023 Global Investment Trends re: Vietnam
Global flows of foreign direct investment were up 3 percent last year, however, if the several top performing European economies are removed, there was a decline of 18 percent according to the United Nations Conference on Trade and Development 2023 Global Investment Trends report and reported by The Leader. The
Vietnam’s Stock Market, February 2024: Snapshot
February was a fairly slow month on the Ho Chi Minh City Stock Exchange with five public holidays for the Lunar New Year. That is not to mention that February is already a shorter month than usual. That said, it was announced that the Vietnam Stock Exchange–the overarching body managing
VN-Index up, foreign traders net sell US$6.16 million, March 7
The VN-Index has closed up 5.73 points or .45 percent to finish Thursday at 1,268.46. Foreign traders continued to net-sell stocks. They reduced their holdings by a collective US$6.16 million. Foreign trader activity, last five trading days Buy Sell Change Date VND* US$ VND* US$ VND* US$ 1/3 2,509 $101,620,020
Foreign firms buy up Vietnam insurance businesses in wake of market turmoil
South Korea’s DB Insurance last month bought stakes in Vietnam National Aviation Insurance JSC (VNI) and Saigon – Hanoi Insurance (BSH) equivalent to about 75 percent of each of the firms’ listed shares, Vietnam News is reporting. It also points out that Finland’s Pyn Elite, through the course of last
Survey finds lack of capital preventing Vietnamese businesses from borrowing
A total of 41 percent of businesses in a Ho Chi Minh City Business Association–known by the acronym HUBA–survey said they could not borrow capital because they had no unmortgaged collateral left, VN Express is reporting. The association argues that valuations on agricultural land are low and that inflation is
Speculation, gold prices driving exchange rate fluctuations: Opinion
The General Director of WiGroup, Tran Ngoc Bau, in an opinion piece in Doanh Nhan Vietnam, has said that exchange rate fluctuations at the start of the year are broadly the result of speculation. He says that: Tran goes on to argue that intervention in the exchange rate is not
Vietnam Gold Trade Association offers input re: pending gold market reforms
Doanh Nhan Vietnam is carrying comments from Huynh Trung Khanh, Vice President of the Vietnam Gold Trade Association. Specifically, Huynh uses the platform to: Of note, gold prices in Vietnam are generally around 20 percent higher than they are in the rest of the world. This is the result of
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