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.
Vietnam’s market economy status push receives push-back in US
An opinion piece in the Washington Times has suggested the redesignation of Vietnam as a market-economy from a non-market economy by the US Department of Commerce would be a ‘huge mistake’ for US stakeholders. The article is penned by Michael Stumo the CEO of the Coalition for a Prosperous America,
High production costs are holding Vietnam’s economy back: state media
Many businesses have had to downsize and many others have been forced to shut down altogether, partly due to high production costs, according to Vietnamnet. In particular the publication notes that: Capital costs are higher in Vietnam on the back of bigger risks; Transport infrastructure is haphazard and missing crucial
Vietnam’s garment and textile sector to have ‘difficult’ 2024
The year 2023, was the most difficult year in 30 years for the textile and garment industry in 30 years, according to Le Tien Truong, vice chairman of the Vietnam National Textile and Garment Group, and reported by Vietnam News. Key takeaways Garment and textile turnover dropped by 10 percent
VN-Index up, foreign traders net-sell US$10.2 million, January 8
The VN-Index has finished the first day of the trading week up 5.51 points or 0.48 percent to close at 1,160.19. Whereas its steady climb upward has been welcomed locally, foreign traders have continued to net-sell out of the market to the tune of US$10.2 million. Trading history, foreign investors,
Vietnam banks expected to lend US$82 billion this year
With a credit growth limit of 15 percent in place for 2024, Vietnam’s Banks are expected to issue loans to the tune of US$82 billion this year, VN Express is reporting. The publication also notes that credit growth for 2023 reached 13.71 percent in 2023. Food for thought: Credit growth
Vietnam bond market bounces back after reforms delayed
Vietnam’s bond market has bounced back after regulatory reforms, instituted after broad ranging bond fraud was revealed last year, were rolled back, Tuoi Tre is reporting. Of particular note, this article credits delayed regulations on compulsory credit ratings as chief among the reasons that the market was revived. Also of
Vietnam outbound foreign direct investment tops US$421 million
This was a drop of 21.2 percent over 2022, according to the General Office of Statistics and reported by Vietnam Plus. Key takeaways Vietnam invested US$156.9 million in projects in the wholesale and retail, and repair of cars, motorcycles, motorbikes and motor vehicles; A further US$120.6 million in information and
VN-Index closes up, foreign traderse net-sell US$17.4 million, January 5
The VN-Index finished the first week of the new year up 3.96 points or .34 percent to close Friday at 1,154.68. Foreign traders, however, have continued to exit the market pulling an additional US$17.4 million from the market, bring the total withdrawn over the last five-trading sessions to US$27.1 million.
VN Index closes up, foreign investors net-sell US$738,612, January 4
The VN-index closed out Thursday trading at 1,150.72 points, a 6.55 point or 0.57 percent improvement over yesterday. Foreign traders continued to exit the market but at the end of the day there had only been a slight change, with less than US$1 million withdrawn. Trading history, foreign investors, last
Vietnam oil refinery to receive US$338 million in compensation
Nghi Son oil refinery operators will be compensated VND 8,247 billion (US$338.1 million) for variations in the price they were permitted to sell their petrol products and the price of the same products imported, Tuoi Tre is reporting. Key points: Vietnam’s state-owned Petrovietnam (PVN) is required to buy all of
World Economic League Table ranks Vietnam 34th out of 190
Vietnam was 34th in terms of economic success in the world in 2023, sandwiched between the Philippines at 33 and Malaysia in 35th place, according to the Centre for Economics and Business Research’s World Economic League Table. The CEBR says: This was partly due to a lack of a growth-inflation
Tourism: Vietnam’s Ha Long Bay makes Fodor’s ‘No List’
Vietnam’s World Heritage listed Ha Long Bay has made Fodor’s ‘no list’, a compilation of tourist destinations travellers should avoid, the Express is reporting. Reasons for making the ‘no list’ include overcrowding, polluted waterways, and rubbish often found floating in the bay. Note that Vietnam is currently putting a lot
How Vietnam Airlines might be able to remain listed on the HoSE
Despite being negative equity alongside three years of losses, Vietnam Airlines may be able to remain listed on the Ho Chi Minh City Stock Exchange if amendments to Decree 155/2020/ND-CP are approved, according to Vietnam Stock Economic Magazine. The changes on the table include an additional clause to Article 120
VN-Index closes up, foreign traders net-sell US$8.4 million, January 3
The VN-Index finished Wednesday up 12.45 points or 1.10 percent, closing at 1,144.17. Foreign traders, however, net-sold to the tune of US$8.4 million. This was the second day in a row that foreign traders have net-exited the local bourse. Trading history, foreign investors, last five trading days Buy Sell Change
Economist warns lowering interest rates no ‘magic wand’ for Vietnam
“Monetary policy is not a magic wand and excessive money supply does not necessarily promote growth,” Assoc. Prof. Dr. Nguyen Huu Huan from the University of Economics Ho Chi Minh City has said in an op-ed for The Investor. This warning comes on the back of a supply-side push to
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
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