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.
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
Private security market in Vietnam to be worth US$1.29 billion by 2027
An Allied Market Research report has found that Vietnam’s private security market is set to record a compounded annual growth rate of 7.9 percent a year between 2020 and 2027 at which point it will be worth US$1.29 billion. The security sector in Vietnam employs a huge number of people.
VN-Index falls, foreign traders net-sell US$6.64 million, March 6
The VN-Index fell Wednesday losing 7.25 points or .57 percent to finish the day at 1,262.73. Foreign traders overall exited the market, net-selling stocks worth just over US$6.64 million, Foreign trader activity, last five trading days Buy Sell Change Date VND* US$ VND* US$ VND* US$ 29/2 2,532 $102,593,095 2,919
Unpacked: Vietnam’s Non-Market Economy Review
In 2021, it was announced that raw honey from Vietnam would be subjected to antidumping tariffs in the United States. Vietnam was not alone, Argentina, Brazil, and India were also subjected to similar orders. What was different for Vietnam, however, was how the US Department of Commerce–the DOC–carried out its
Vietnam’s Prime Minister requests greater aviation investment from Australia
The Prime Minister of Vietnam, in Australia for the Australia-ASEAN Special Summit has encouraged Australian Airlines to fly to Vietnam, VN Express is reporting. Furthermore, he urged investment funds and banks to invest ‘indirectly’ in Vietnamese airlines. Foreign ownership of airlines in Vietnam is capped at 34 percent and therefore
Australian firm to lend Vietnam refinery US$720 million for upgrade
S&P Global is reporting that Australia’s Acuity Funding is set to lend US$720 million to Nam Song Hau Oil and Gas Investment Trading, for an upgrade. Of note, this is the second big announcement of funding in Vietnam-based projects from Acuity Funding in the last six months. In September it
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