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.
Global Minimum Tax ‘not a risk’ for Vietnam FDI: Economist
VinaCapital has released an Economist’s Note Looking Ahead at 2024, in which the firm’s Chief Economist, Michael Kokalari, says the introduction of the global minimum tax should have limited impact on Vietnam’s FDI inflows. His key points are Vietnam will find away to work around it and rebate some of
Vietnam online piracy raid sees three arrested
Three men in Vietnam’s Quang Binh province have been arrested for pirated content they allegedly disseminated online, Torrent Freak is reporting. The allegations are related to three websites that reportedly brought in VND 80 to VND 100 million (US$3,300 to US$4,100) a month. How significant is this raid? Probably not
VN-Index closes up, foreign traders net-sell US$8.85 million, January 10
The VN-Index has finished up 2.95 points or .25 percent in Wednesday trade, bringing the index to 1,161.54 points. Foreign traders, however, are still exiting the market. A further US$8.85 million was net-withdrawn from the market in the day’s trade, bringing the total net-sold by foreign investors to US$41.9 million
Vietnam’s Economy, December 2023: Snapshot
December in Vietnam began with state media announcing the wave of lay-offs that had plagued the manufacturing sector in Ho Chi Minh City was drawing to an end. This conclusion was reached based on just 13,300 people registered to receive unemployment benefits in November, a drop of nearly 25 percent
Vietnam goods stopped at US border top US$220 million, suspected forced labour
A total of 1,197 shipments of goods from Vietnam into the US have been denied entry to the USA under the Uyghur Forced Labor Prevention Act (UFLPA), according to The Investor. The Vietnamese publication says this data covers June 2022 to November 2023. Of note, it has become common for
Vietnam’s economy likely to see 5.5 percent growth in 2024: World Bank
The World Bank is estimating Vietnam’s GDP growth will cap-out at 4.7 percent for 2023, with 5.5 percent growth expected in 2024 next year, according to the World Bank’s Global Economic Prospects–January 2024 report. This is slightly less than official data provided by Vietnam’s General Office of Statistics which estimated
Vietnam’s loan-deposit ratio reaches 104 percent
Deposits at Vietnamese banks hit US$554.53 billion at the end of 2023, VN Express is reporting. Also at the end of 2023, it was announced that credit growth had hit 13.7 percent making total credit to the economy at around US$555.07 billion. This puts Vietnam’s loan-deposit ratio at 104 percent.
Nestle to double processing capacity at southern Vietnam plant
Nestle intends to drop an additional US$100 million on its plant in Vietnam’s Tri An province to double its processing capacity, Vietnam News is reporting. The factory currently processes Vietnamese coffee for export to 29 countries. Notably Nestle is the biggest buyer of coffee in Vietnam, buying up around US$700
VN-Index falls, foreign traders net-withdraw US$4.8 million, January 9
The VN-Index fell marginally Tuesday losing 1.6 points or 0.14 percent to close at 1,158.59. Foreign traders also continued to divest from the market. They net-sold US$4.8 million worth of stocks bringing the total net-sold by foreign traders in the last five trading sessions to US$41.8 million. Trading history, foreign
Vietnam’s market economy status push receives push-back in US
An opinion piece in the Washington Times has suggested the redesignation of Vietnam as a market-economy from a non-market economy by the US Department of Commerce would be a ‘huge mistake’ for US stakeholders. The article is penned by Michael Stumo the CEO of the Coalition for a Prosperous America,
High production costs are holding Vietnam’s economy back: state media
Many businesses have had to downsize and many others have been forced to shut down altogether, partly due to high production costs, according to Vietnamnet. In particular the publication notes that: Capital costs are higher in Vietnam on the back of bigger risks; Transport infrastructure is haphazard and missing crucial
Vietnam’s garment and textile sector to have ‘difficult’ 2024
The year 2023, was the most difficult year in 30 years for the textile and garment industry in 30 years, according to Le Tien Truong, vice chairman of the Vietnam National Textile and Garment Group, and reported by Vietnam News. Key takeaways Garment and textile turnover dropped by 10 percent
VN-Index up, foreign traders net-sell US$10.2 million, January 8
The VN-Index has finished the first day of the trading week up 5.51 points or 0.48 percent to close at 1,160.19. Whereas its steady climb upward has been welcomed locally, foreign traders have continued to net-sell out of the market to the tune of US$10.2 million. Trading history, foreign investors,
Vietnam banks expected to lend US$82 billion this year
With a credit growth limit of 15 percent in place for 2024, Vietnam’s Banks are expected to issue loans to the tune of US$82 billion this year, VN Express is reporting. The publication also notes that credit growth for 2023 reached 13.71 percent in 2023. Food for thought: Credit growth
Vietnam bond market bounces back after reforms delayed
Vietnam’s bond market has bounced back after regulatory reforms, instituted after broad ranging bond fraud was revealed last year, were rolled back, Tuoi Tre is reporting. Of particular note, this article credits delayed regulations on compulsory credit ratings as chief among the reasons that the market was revived. Also of
Vietnam outbound foreign direct investment tops US$421 million
This was a drop of 21.2 percent over 2022, according to the General Office of Statistics and reported by Vietnam Plus. Key takeaways Vietnam invested US$156.9 million in projects in the wholesale and retail, and repair of cars, motorcycles, motorbikes and motor vehicles; A further US$120.6 million in information and
VN-Index closes up, foreign traderse net-sell US$17.4 million, January 5
The VN-Index finished the first week of the new year up 3.96 points or .34 percent to close Friday at 1,154.68. Foreign traders, however, have continued to exit the market pulling an additional US$17.4 million from the market, bring the total withdrawn over the last five-trading sessions to US$27.1 million.
VN Index closes up, foreign investors net-sell US$738,612, January 4
The VN-index closed out Thursday trading at 1,150.72 points, a 6.55 point or 0.57 percent improvement over yesterday. Foreign traders continued to exit the market but at the end of the day there had only been a slight change, with less than US$1 million withdrawn. Trading history, foreign investors, last
Vietnam oil refinery to receive US$338 million in compensation
Nghi Son oil refinery operators will be compensated VND 8,247 billion (US$338.1 million) for variations in the price they were permitted to sell their petrol products and the price of the same products imported, Tuoi Tre is reporting. Key points: Vietnam’s state-owned Petrovietnam (PVN) is required to buy all of
World Economic League Table ranks Vietnam 34th out of 190
Vietnam was 34th in terms of economic success in the world in 2023, sandwiched between the Philippines at 33 and Malaysia in 35th place, according to the Centre for Economics and Business Research’s World Economic League Table. The CEBR says: This was partly due to a lack of a growth-inflation
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
In today’s Vietnam news: Fund outflows May, New HCMC airport trial operations to begin September, M&A HCMC 2026, Compensation for gas-to-electric bike switch Hanoi,
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