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.
Salmon smuggler bypasses China trade restrictions using Vietnam
A radio appearance by the husband of a Norwegian citizen convicted of smuggling Norwegian salmon from Vietnam to China in 2018, has reopened an old wound for one of Norway’s biggest salmon producers, Salmar, IntraFish is reporting. Of interest, is that the accused was moving salmon from Vietnam to China
VN-Index closes up, foreign traders net-buy US$6.07 million, January 16
The VN-Index rose 9 points or .78 percent Tuesday to close at 1,163.12. Foreign traders continued to net buy into the market completing a four-day buying-streak by adding an additional US$6.07 million to their holdings. Trading history, foreign investors, last five trading days Buy Sell Change Date VND* US$ VND*
Vietnam dong exchange rate closing in on 12-month high
US dollars were selling for 24,970 Vietnamese dong on the black market this morning, Zing News is reporting, getting closer to last October’s high of 25,280. Official rates are also getting close to their 2023 high with the official exchange rate set by the State Bank of Vietnam (SBV) this
VN-Index closes down, foreign traders net-sell US$2.2 million, January 15
The first day of the trading week has ended with the VN-Index losing .58 points or .05 percent to close at 1,154.12. Foreign traders started the week net-selling but only marginally–just US$2.2 million–this was on the back of relatively low trading activity in terms of value. Trading history, foreign investors,
Survey finds outlook not bright for Vietnam businesses this year
Almost 73 percent of businesses in Vietnam intend to scale-down, temporarily suspend operations, or shut-up shop altogether in 2024, according to a survey conducted by the Private Economic Development Research Board (Division IV) and VN Express. Pulled from the responses of 2,700 Vietnamese businesses, the survey also found that of
Vietnam lottery revenue hits highest point ever
Vietnamese lottery firms recorded revenue of US$1.87 billion in 2023 up from US$1.4 billion in 2022, Zing News is reporting. There is no analysis provided, however, this is not necessarily a good thing. It is common for spikes in lottery ticket sales to coincide with periods of economic uncertainty as
Nearly three million small businesses selling goods on TikTok in Vietnam
As of the end of November 2023, there were 2.8 million micro and small-t-medium sized businesses flogging their wares on TikTok, Tuoi Tre is reporting. The most common goods being sold were clothes, homewares, health and personal care products, electronics, and cosmetics. This is worth noting for foreign firms looking
Retail credit in Vietnam is reportedly on the decline
Vietcombank Securities Company (VCBS) has released a report in which it found the share of retail loans of total credit in Vietnam had fallen from 47 percent in 2022 to 46 percent at the end of November, Vietnam Plus is reporting. Of note, the situation has changed dramatically since this
Vietnam banks continue to cut deposit interest rates
Interest rates on deposits at Vietcombank, one of Vietnam’s biggest banks, have been cut to as low as 1.7 percent on some accounts, Vietnam Plus is reporting. This is on the back of lower demand for loans. Of note, however, is that this comes after Vietnamese banks issued an average
Vietnam’s Stock Market, December 2023: Snapshot
December began with the government of Vietnam tapping the United Arab Emirates on the shoulder for support turning Ho Chi Minh City into a financial hub in Southeast Asia. Whereas the UAE was mum on whether it would provide support, the request was also scant on details, and it was
VN-Index drops, foreign traders net-buy US$700K, January 12
The VN-Index fell on the last trading day of the week by 7.54 points or 0.65 percent to finish the session at 1,154.70. Foreign traders net-bought US$700,000 worth of stocks after engaging in US$90.8 million in trade. Trading history, foreign investors, last five trading days Buy Sell Change Date VND*
Vietnam-Europe freight rates spike on Red Sea conflict
The price for shipping a forty-foot container from Ho Chi Minh City (HCMC) to Northern Europe has hit an average of US$3,700, 90 percent higher than in December of 2023, Tuoi Tre is reporting. This is as a result of conflict in the Red Sea which is seeing cargo ships
Summer power shortages likely for northern Vietnam this year, too
Vietnam’s Northern Power Service Company is predicting a shortfall in electricity over summer of 1,200 to 2,500 megawatts, DTI News is reporting. This is after power shortages in 2023 saw households and businesses without power for hours at a time including a number of big multinationals. It was estimated to
Vietnam car sales jump 20 percent year-on-year in December
In December 36,350 cars were sold by members of the Vietnam Automotive Manufacturers Association (VAMA), representing a 20 percent increase on December of 2022, Just Auto is reporting. The publication goes on to say that this is the first positive month in over a year. Of note, Vietnamese banks engaged
VN-Index up, foreign traders net-buy US$6.2 million, January 11
Vietnam’s VN-Index has closed up .68 points or .06 percent Thursday to finish the session at 1,162.22. Also of note foreign traders appeared to have marginally changed their tune, net-buying US$6.2 million worth of stocks on the Ho Chi Minh City Stock Exchange. Trading history, foreign investors, last five trading
Hanoi considering building US$420 million horse racetrack
The People’s Committee of Soc Son district on the outskirts of Hanoi (near the airport) is asking for opinions with respect to building a racetrack and entertainment complex in the area, Nha Dau Tu (the Vietnamese language version of The Investor) is reporting. The project would cover 125 hectares and
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
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