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.
C.bank grants Vietnam’s banks 15 percent credit growth limit for 2024
The State Bank of Vietnam has set a 15 percent credit growth limit for Vietnam’s banks in 2024, Tuoi Tre is reporting. Note that this is higher than the usual 14 percent a year probably due to a failure to hit 14 percent in 2023. Credit growth mid-December was just
Fines up to US$4,000 for insurance firms that mislead customers on cards
A proposed decree from Vietnam’s Ministry of Finance could see life insurance providers that mislead customers fined up to US$4,000, Vietnam News is reporting. This comes on the back of reports throughout 2023 of banks misleading or coercing customers into purchasing insurance products in order to draw commissions from insurance
Vietnam’s 2023 exports largely powered by foreign firms
Almost three quarters of Vietnam’s exports are from foreign-invested enterprises, Vietnam Plus is reporting. In fact, US$259.95 billion (73.1 percent) of Vietnam’s exports were facilitated by foreign operators in 2023. The state media agency goes on to say foreign direct investment is ‘crucial’ to Vietnam’s economy. Note that, there have
VN-Index closes up, foreign traders net-sell US$14.9 million, January 2
The VN-Index has finished the first trading day of the new year up slightly. It gained 1.79 points or .16 percent in the day’s trade, closing at 1,131.72. Foreign traders, however, returned to net-selling US$14.6 million worth of Vietnam’s stocks. Trading history, foreign investors, last five trading days Buy Sell
Electricity in Vietnam still being sold below cost price
Electricity Vietnam (EVN) has said it expects to record a pre-tax loss of about US$698.6 million in 2023, VN Express is reporting. The size of this loss has been attributed to the state electricity provider continuing to sell electricity at below cost price. Key points It currently costs EVN 2,092.78
Vietnam stock exchange VN-Index finishes 2022 up 12 percent
Vietnam’s VN-Index, a basket of 30 stocks listed on the Ho Chi Minh Stock Exchange, finished 2023 up 12 percent over 2022, Tuoi Tre is reporting. It also says that total market capitalization hit US$246.6 billion. Note that though the index increased overall, foreign traders withdrew from the market to
Vietnam C.bank to increase gold supply on back of record prices
The State Bank of Vietnam intends to increase the gold supply after being directed by the Prime Minister to stabilise the gold price after it reached record highs last week, Tuoi Tre is reporting. Specifically, gold reached US$86.51 a gram in Vietnam about 20 percent higher than the world gold
Gov’t intervention may be needed to save Vietnam Airlines: KPMG
Financial services firm KPMG, which audited the half-yearly report of Vietnam Airlines, has said financial support from the government may be needed to keep the national carrier afloat, The Leader is reporting. It also notes that in the first half of the year the airline Had an after-tax loss of
Vietnam’s manufacturing sector business conditions continue to decline: S&P
S&P Global’s Purchasing Managers’ Index (PMI) recorded a decline in business conditions for the fourth month in a row in December, according to a press release from the firm. The well-known index recorded 48.9 points up from 47.3 in November. A score of 50 indicates no change, above 50 means
VN-Index closes up, foreign traders net-buy US$14.1 million, December 9
The VN-Index has closed up 1 point or .09 percent to finish the week at 1,129.93. Foreign traders have continued to buy back into the market net buying US$14.1 million worth of stocks bring the total for the week to US$19.2 million. Trading history, foreign investors, last five trading days
Vietnamese spend US$1 billion in a month buying goods online
Between the four major e-commerce platforms in Vietnam–Shopee, Lazada, TikTok Shop and Tiki–Vietnamese shoppers spent US$1.29 billion in November, Tuoi Tre is reporting. The publication cites an e-commerce report from YouNet ECI. Key points This was a 9.3 percent increase on October; Shopee accounted for 72.7 percent of sales; TikTok
Vietnam insurance premium revenue goes backward for first time in years
Revenue from insurance premiums in Vietnam has fallen for the first time in 20 years, Tuoi Tre is reporting. Premiums pulled in VND 227,100 billion (US$9.35 billion), down 8.3 percent over 2022. This is likely due to a bancassurance scandal whereby it was alleged bank staff misled customers into believing
Vietnam records GDP growth of 5.05 percent, misses target
Vietnam’s General Statistics Office has released its fourth quarter economic report which says GDP is likely to reach 5.05 percent this year. This is a scrape above the minimum 5 percent the government said would be likely back in October, but well below the 6.5 percent target set at the
Launch of new Vietnam stock exchange trading system delayed
The Ho Chi Minh City Stock Exchange’s (HoSE) new trading system, imported from Korea and dubbed the KRX, has missed its scheduled launch date of December 25, Vietnam News is reporting. Key points There has been no communication or updates from the HoSE; It could take weeks to start running;
Vietnam’s overcrowded airports cost Vietnam Airlines US$20 million last year
The president of Vietnam Airlines has said that overcrowding at airports in the burgeoning Southeast Asian nations cost the national carrier US$20 million last year, VN Express is reporting. Key takeaways HCMC airport was built for 28 million visitors a year; but Last year it had 34 million arrivals. Hanoi
Vietnam PM says state bank needs to better control gold price
The Prime Minister of Vietnam has requested the state bank intervene in the gold market after gold in Vietnam hit US$3,296 per tael or US$86.51 per gram, Reuters is reporting. The current world gold price is about US$66.45 per gram. The directive offers little detail other than to suggest the
VN-index closes up, foreign traders net-buy US$18.27 million, December 28
The VN-index has closed Thursday at 1,128.93 up 6.94 points or .62 percent. Foreign traders have continued to buy back into the market, net-buying US$18.27 million worth of stocks. Trading history, foreign investors, last five trading days Buy Sell Change Date VND* US$ VND* US$ VND* US$ 22/12 1,007 $41,525,760
Hanoi apartment prices jump on real estate market downturn
Apartment prices in Hanoi, in some instances, have doubled on the back of a slowdown in the construction and real estate sector, Doanh Nhan Vietnam is reporting. Key points: At the end of Q3 2023, 42 commercial housing projects had been finished accounting for about 15,966 properties; This was barely
Vietnam brokerage says VN-Index well position for more foreign investment
Tien Phong Securities (TPS) has said that the Ho Chi Minh City Stock Exchange (HoSE) is ‘in a good position to lure foreign investment’ in 2024 particularly relative to its regional peers, The Investor is reporting. TPS reached this conclusion based on: Low interest rates; A price to earnings ratio
Vietnam banks push consumer credit to reach credit growth targets
Banks in Vietnam are offering hefty discounts on consumer loans and credit cards to reach credit growth targets, VN Express is reporting. Key points As of December 13, credit increased by 9.87% compared to the end of 2022 (target is 14 percent); To try and hit their limits banks are
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