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.
South Korean chipmaker to increase investment in Vietnam
Chipmaker Hana Micron from South Korea is planning to increase its investment in Vietnam up to US$1 billion, The Investor is reporting. The firm currently has two plants in northern Vietnam in Bac Giang and Bac Ninh.
German gas firm to build new facility in central Vietnam
Germany’s Messer, an industrial gas company, has received approval for a US$133.38 million project in Vietnam’s Quang Ngai province, The Investor is reporting. Set to cover 7.24 hectare its expected output is liquid argon, oxygen, and nitrogen along side a number of industrial gases like helium and neon.
Kuwaiti investors visit Nghi Son refinery amid expected heavy losses
A group of investors connected to Kuwait Petroleum International, which has a 35.1 percent stake in Vietnam’s Nghi Son oil refinery, visited the facility yesterday, the Kuwait News Agency is reporting. This comes after speculation that the refinery could report a loss of US$1 billion this year which may signal
Prioritise local wind power over imports: Vietnam industry group
It was announced last week that Vietnam’s state owned power provider EVN was considering importing electricity from Laos at 7 cents per kilowatt. Nestled just near the bottom of this article from VN Express on the issue is a comment from Bui Van Thinh, chairman of the Binh Thuan Wind
VN-Index closes up, foreign traders net-sell US$20 million, December 22
The VN-Index has closed up .63 points or 0.06 percent to finish Friday at 1,103.06 points. Foreign traders, however, continue to be bearish on the market net-selling to the tune of US$20.8. This brought the total foreign funds pulled from the market this week to US$110.5 million Trading history, foreign
VN-Index up .63 (.06 percent) to close at 1,103.06, December 22
Headed into Christmas the Ho Chi Minh City Stock Exchange has finished the week slightly up, with the VN-Index closing the week at 1,103.06 points, up .63 points or .06 percent at the close.
Vietnam securities firms prohibited from paying interest on unused funds
Securities firms will no longer be permitted to pay traders interest on unused funds in their accounts from June 30 2024 the State Securities Commission has said, The Investor is reporting. The argument, according to this article, is that securities firms are essentially acting like banks but it doesn’t make
Ocean freight costs Vietnam to Europe shoot up amid Middle East tensions
Tensions in the Middle East that have led to a number of ships choosing to avoid the Red Sea and this is almost double the price of shipping from Vietnam to Europe, Sustainable Plastics is reporting. Prices for shipping 20 foot containers were in the hundreds of dollars just two
Red-tape may have killed planned K-pop festival in Hanoi
A number of K-pop bands have pulled out of a scheduled K-pop festival slated for this weekend in Hanoi after organisers failed to obtain the correct permits, Allkpop is reporting. With only a handful of bands left on the lineup there is a good chance the event will be cancelled
Foreign trader pull US$22 million from local bourse, December 21
The VN-Index has finished the day up 1.67 points or .15 percent to close at 1,102.43. That said it was local buyers pushing up the index with foreign traders withdrawing another US$22 million from the Ho Chi Minh City Stock Exchange. Foreign trader activity, HoSE, December 21, value Buy Sell
Concerns raised in Vietnam over influx of Chinese FDI in supporting industries
China’s supporting industries are moving production to Vietnam to get around US tariff barriers. This is worrying local supporting industries according to Professor Phan Dang Tuat, Chairman of the Vietnam Supporting Industry Association and referenced by VN Express. He also says that high borrowing costs are also weighing on the
Vietnam’s shipping firms lament new environmental standards
Just 400 out of 1,500 Vietnamese flagged ships have been approved for Energy Efficiency Existing Ship Index (EEXI) ratings. This is problematic in that from January 1, 2024 the EU will charge ships that dock in a member state for the carbon emissions they produce, Vietnam News (state media) is
Vietnam to see minimum wage hike from July 2024
Vietnam’s National Wage council has approved a 6 percent pay raise for Vietnam’s minimum wage workers from July 1, 2024, VN Express is reporting. The Vietnam General Confederation of Labor had been pushing for between 6.48 percent and 7.3 percent whereas the Vietnam Chamber of Commerce and Industry, a peak
US imported US$1 billion in Christmas candles from Vietnam in 2022
The US imported US$1 billion worth of Christmas candles came from Vietnam, Freight Waves is reporting. That’s a lot.
Semiconductor suppliers in Vietnam largely isolated: Digitimes
Semiconductor supply chain participation in Vietnam is mostly in memory manufacturing, packaging, and testing in the north and IC backend and design in the south, with few, if any, supply chains connecting the two, Digitimes is reporting. It also suggests the power supply in the north may be a problem
VN-Index up 4.46 (+0.41 percent) to close at 1,100.76, December 20
The VN-Index has finished the day up 4.46 points or .41 percent to closure at 1,100.76 points. The bloodletting continued for the Ho Chi Minh Stock Exchange in terms of foreign funds leaving the market with an additional US$17 million pulled from the southern bourse. Value of trades made by
Snapshot: Manufacturing in Vietnam, November 2023
Each month the-shiv provides a snapshot of the manufacturing sector in Vietnam covering the latest developments, key performance indicators, and government data. November overview Out of the gates Vietnam’s manufacturing sector started November with some bad news–Samsung Vietnam was estimating it would export just US$57 billion worth of electronics this
Vietnamese most-likely in APAC to travel abroad for concerts: Visa Survey
A total of 41 percent of Vietnamese respondents to a survey carried out by Visa, said they had travelled abroad specifically to attend a concert in the last twelve months, according to a press release from the company. Travelling for entertainment is becoming increasingly common in Vietnam as incomes rise
Bloomberg outlines challenges facing Vietnam’s coffee farmers
Up to half of Vietnam’s current coffee farming land may be unusable in 50 years according to Philipp Navratil, global head of Nestle’s coffee strategic business unit, and quoted by Bloomberg. Local farmers are reportedly pulling out coffee plants in favour of more weather resistant crops like avocado and durian.
Vietnam’s most valuable footballers reveals value in local football league
Vietnam’s most valuable player is half-Czech, half-Vietnamese Filip Nguyen, VN Express is reporting. He’s currently estimated to be worth €600,000 (US$655,700). Of note, Vietnam signed a deal back in September with the Spanish football league, La Liga, to jointly develop the Vietnam Football Federation (VFF). Historically corrupt, and not nearly
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