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.
Shrimp farmers turn to rice on back of repeated losses, amid dumping investigation
Shrimp prices in Vietnam have been too low for too long and as a result shrimp farmers are growing rice instead, Tuoi Tre is reporting. Not in the article but of note, Vietnamese shrimp is currently under an antidumping investigation by the US Department of Commerce. US shrimp farmers are
VN-Index closes down, foreign traders net-buy US$4.7 million, December 27
The VN-Index has closed down .26 points or .02 percent to finish the day at 1,121.99. There was, however, a welcome 360 by foreign traders who net-bought into the market to the tune of US$4.7 million. This was after 20 consecutive trading sessions in which the net-sold a total of
Vietnam issues draft decree re: global minimum tax support fund
Vietnam’s Ministry of Planning and Investment has released a draft decree outlining the establishment of a support fund to compensate foreign firms subjected to the Global Minimum Tax initiative, The Investor is reporting. Key points The fund will support businesses making high-tech goods or applying advanced technology in their operations
Lack of liquidity on HoSE turning-off investors: State media
A low level of liquidity on the Ho Chi Minh City Stock Exchange (HoSE) is making investors “increasingly concerned and hesitant in making investment decisions”, Vietnam News is reporting. Key points; Average total value of trades made in a day is at VND 13 trillion (US$533 million); This is down
Vietnam expecting bad debt surge mid-2024 on change to debt-restructuring regs
Vietnam’s banks are expecting a surge of bad debts when a moratorium on outstanding debt comes to an end in June of next year, Vietnam News is reporting. Key points: Bad debt at the end of Q3 2023 was 196.75 trillion (US$81 billion) up 61 per cent compared to Q2;
Vietnam PM laments foreign content dominating local film, television
The Prime Minister of Vietnam, Pham Minh Chinh, told a conference last week it was ‘gut-wrenching seeing foreign films on TV every time I turn it on’, VN Express is reporting. The PM said 70 percent of films on TV and at the movies are foreign (no primary source cited);
Vietnam tourism sector hits targets, but still trailing regional peers
Vietnam has received 12.5 million international tourists this year, reaching a target set by the government at the start of the year, but well below pre-COVID levels, VN Express is reporting. Key points The tourism sector recorded revenue of VND 672 trillion (US$27.6 billion); The sector has recovered to 44
Draft decree on Vietnam rooftop solar removes feed-in-tariffs altogether
A dossier proposing a decree on rooftop solar power development, put forward by Vietnam’s Ministry of Industry and Trade, has suggested removing feed-in-tariffs for excess power fed into the national grid, Vietnam Net is reporting. Key points: MoIT says this is because there is no legal framework for selling excess
VN-Index closes up, foreign traders net-sell US$12.7 million, December 26
The VN-Index finished Boxing Day up 4.59 points or .41 percent to finish the day at 1,122.25 points. Foreign traders, however, were less positive about the markets prospects than their domestic counterparts, they exited the market to the tune of just over US$12.7 million. Trading history, foreign investors, last five
Government support on the cards for embattled Bamboo Airways
Several government ministries and private enterprises have been called on to help ‘Bamboo Airways resolve its difficulties by year-end’ by the Deputy Prime Minister Le Minh Khai, VN Express is reporting. Key takeaways Petrolimex, the Airports Corporation of Vietnam, and several local banks have been asked to provide assistance; But
Vietnam Airlines trading restrictions lifted, stock bounces
Trading restrictions on Vietnam Airlines (HVN) stock listed on the Ho Chi Minh Stock Exchange, whereby trading was restricted to the afternoon trading session only, have been lifted giving the stock a bounce, CafeFN is reporting. The stock was up 6.82 percent at the close of trade December 25. Key
Vietnam cement industry conditions worst in a decade
Vietnam’s Ministry of Construction (Moc) is proposing reduced taxes and interest rates for firms dealing in construction materials on the back of the worst year for the industry in ten years, Vietnam News is reporting. This is on the back of a slump in sales and rising input costs. Key
Vienam’s PDP7 assessment finds solar overdeveloped, grid underprepared
A report into the implementation of Vietnam’s Power Development Plan 7 has found that solar power development between 2016 and 2020 went well above what was planned, Vietnam News is reporting. Key takeaways: The PDP7 set out a plan to develop 850 MW of solar power by 2020; However, a
Vietnam state-owned shipbuilding firm to go bankrupt
The Government of Vietnam has decided to wind up the state-owned Shipbuilding Industry Corporation (SBIC) and all of its subsidiaries bar one, Vietnam News is reporting. Of note, its predecessor Vietnam Shipbuilding Industry Group also went bankrupt back in 2010 amid allegations of mismanagement and corruption.
VN-index closes up, foreign traders net-sell US$5 million, December 25
The VN-Index closed Christmas Day up 14.60 points or 1.32 percent to finish the holiday trading session at 1,117.66. Foreign traders, however, continued to exit the southern Vietnam-based stock exchange to the tune of US$5 million dollars signalling the blood-letting is not likely to end any time soon. Trading history,
American shrimpers fight redesignation of Vietnam as market economy
The American Shrimp Processors Association (ASPA) has said Vietnam should maintain its non-market economy status, and has made overtures to the US Department of Commerce (DOC) to that effect, according to a statement on its website. This is after a review of the country’s NME status was launched by the
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
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