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.
This breakdown of the tax incentives Vinfast is receiving in North Carolina
The News and Observer is carrying a breakdown of the tax incentives Vietnam’s Vinfast is receiving with regard to the factory it is building in North Carolina. Essentially, there are a combined US$1.25 billion in incentives on offer for Vinfast under the understanding that the firm will create 7,500 jobs
Hanoi airport reaches 38,000 arrivals a day, exceeds capacity
In the week following the Lunar New Year, Hanoi’s Noi Bai International Airport, was welcoming up to 38,000 international arrivals a day, VN Express is reporting. This puts the airport well over its capacity of 10 million arrivals a year or around 27,000 passengers a day. Ho Chi Minh City’s
Article on developing Vietnam’s cultural industries missing key point
Vietnamnet is carrying an article that discusses how Vietnam can develop its cultural industries. It notes that cultural industries generate up to 10 percent of global GDP, however, in 2021, Vietnam’s cultural industries accounted for 3.61 percent of the country’s GDP. The publication carries comments from Nguyen Phuong Hoa, head
Vinfast leveraging new factory promises to gain import tax breaks?
Vietnam’s electric car maker Vinfast has announced that it has broken ground on a new factory in India’s Tamil Nadu. At the same time it has asked India for import tax breaks on ready-made electric vehicles from its factory in Vietnam, Reuters is reporting. Vinfast has made a number of
VN-Index drops, foreign traders net-sell US$31.4 million, February 23
The VN-Index lost 15.31 points or 1.25 percent Friday to finish the trading week at 1,212 points. Foreign traders contributed to the drop net-withdrawing US$31.4 million from Vietnam’s biggest stock exchange. Trading history, foreign investors, last five trading days Buy Sell Change Date VND* US$ VND* US$ VND* US$ 19/2
VN-Index falls, foreign traders net-withdraw US$38.2 million
The VN-Index fell 2.73 points or 0.22 percent today to finish the session at 1,227.31 points. At least part of the fall could be attributed to foreign-traders withdrawing US$38.2 million from the Ho Chi Minh City Stock Exchange. This brings that total net-withdrawn from the local bourse over the last
Vietnam imports itemised: January 2024
In January, Vietnam imported US$30.9 billion worth of goods. The three most imported items were computers, electrical products, spare-parts and components thereof; machine, equipment, tools and instruments; and fabrics. Collectively these three items accounted for US$13.7 billion worth of Vietnam’s imports. Vietnam imports, January 2024, by value Description US$ Change
Vietnam exports itemised: January 2024
In January, Vietnam exported US$34.5 billion worth of goods. Its three top exports were telephones, mobile phones and parts thereof; computers, electrical products, spare parts and components thereof; and machine, equipment, tools and instruments. These three items accounted for nearly US$15 billion worth of Vietnam’s exports Vietnam exports, January 2024,
Vietnam Stock Exchange see 44 percent fall in revenue in 2023
The Vietnam Stock Exchange–the overarching body managing the Hanoi and Ho Chi Minh City Stock Exchanges–reported revenue of just US$78.26 million in 2023, a fall of 44 percent over 2022, Vietnam Plus is reporting. Of that revenue, the Ho Chi Minh City Stock Exchange generated VND 1.39 trillion (US$56.5 million)
Satellite internet services only via local ‘gateway’ in Vietnam: draft decree
A draft decree for the implementation of parts of the Law on Telecommunications 2023, issued by Vietnam’s Ministry of Communications, if passed, would see satellite internet providers required to partner with domestically licensed telecommunications providers, VN Express is reporting. The draft then foresees ground stations through which internet access delivered
VN-Index down, foreign traders net-sell US$407K, February 21
The VN-Index closed down Wednesday but only marginally. The key Vietnam index lost just .02 points to finish the day at 1,230.04. The change for foreign-traders was also negligible, net-withdrawing from the market just US$407,000. Trading history, foreign investors, last five trading days Buy Sell Change Date VND* US$ VND*
Claims state power provider electricity bills up to three months late
The Ho Chi Minh City Customs Department is enforcing a decision to block the import and export of goods by the Trung Nam Group, over unpaid taxes, VN Express is reporting. Of particular interest in this article, however, is that Trung Nam Group has claimed the delay has been caused
World Gold Council finds fall in demand for gold in Vietnam in 2023
Gold demand in Vietnam fell by 6 percent year on year according to a World Gold Council report, the Vietnam Investment Review is reporting. Consumer gold demand went from 59.1 tonnes in 2022 to 55.5 tonnes in 2023. Note that Vietnam’s gold prices are generally much higher than in the
Vietnamese firms are keeping more cash on hand, what it might mean
Vietnamese firms are keeping more cash on hand because of ‘challenging business conditions and high deposit interest rates earlier this year’, Vietnam News is reporting. Interest rates are, however, have been pushing all-time lows–This article is confusing. That said, the data collected, at a glance, seems to confirm that a
VN-Index up, foreign-traders net-buy US$5.05 million, February 20
The VN-Index finished Tuesday up 5.09 points or 0.42 percent to close out the session at 1,230.06 points. Foreign traders continued to net-buy back into the market. They added a collective US$5.05 million to their portfolios. Trading history, foreign investors, last five trading days Buy Sell Change Date VND* US$
Vietnam’s credit growth reverses in January: SBV
The State Bank of Vietnam (SBV) has said today that credit growth declined by .6 percent in January, VN Express is reporting. This is after the SBV set a target for the year of 15 percent and for the first quarter of the year of 4.4 percent. It also follows
Vietnam’s God of Wealth day sees late night crowds in gold stores
There were still 100 customers waiting to buy gold at a gold store in Hanoi at 9 pm last night as buyers sought to bring themselves good luck by purchasing gold on the God of Wealth day, VN Express is reporting. This was more or less a repeat of years
Vietnam beer makers report fall in profits on DUI crackdown, alcohol tax
Major beer makers in Vietnam including the makers of the popular Beer Saigon and Beer Hanoi brands have reported falling profits in 2023, The Investor is reporting. The publication goes on to say this is due to a crackdown on drink-driving and a ‘pending alcohol tax’. On the latter, it’s
VN-Index up, foreign investors net-buy US$5.6 million
The VN-Index has finished the week up gaining 15.27 points or 1.26 percent to finish the first day of the trading week at 1,224.97 points. Foreign traders net-bought into the market adding US$5.6 million in Ho Chi Minh City Stock Exchange Stocks to their portfolios. Trading history, foreign investors, last
Vietnam’s Economy, January 2024: Snapshot
The start of the new year, as it does most years, heralded an influx of data covering Vietnam’s economy in 2023. Imports and exports were a key focus with Vietnam registering a trade turnover of US$683 billion in 2023 a fall of 6.6 percent over 2022. Of particular interest, however,
In today’s news: 2G services to end September 15, Rising deposit interest rates, Samsung earnings H1, Chinese hot pot chain performance, Battery storage ambitions,
In today’s news: ForEx regs overseas investments SOEs, VinFast GSM 5m unit agreement, US cotton shipments to VN, Samsung semiconductor build-out VN, Tay Ninh
In today’s news: Japan-VN asset tie-up, Import tax refund guidance, Instant noodle consumption, AI plans, SSC + S&P Dow Jones execs meet in NY,
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