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.
VN-Index down 10.42 points (0.95 percent) to close at 1,091.88, December 18
The VN-Index has finished the first trading day of the week down 10.42 points .95 percent to close at 1,091.88. Foreign investors continued to exit the market en masse. They net sold US$31 million bringing their total exit from the market over the last five trading sessions to US$157 million.
Foreign traders net-withdraw over US$1 billion from Vietnam stock market this year
Foreign investors have withdrawn just shy of US$1.11 billion from the Ho Chi Minh Stock Exchange this year, VN Express is reporting. Key points made include: Active funds are not performing well and shareholders are putting pressure on fund managers to withdraw funds, Foreign funds are restructuring due to risk
Taiwan electronics manufacturer to expand operations in Thai Binh
Taiwan’s Lotes, which makes electronic parts for big brands like Samsung, Sony and Intel is expanding its operations in Thai Binh to the tune of US$25 million, The Investors is reporting. This will bring its total investment in the province to US$125 million. The current operations make computer cables and
Hanoi Stock Exchange has suspended 44 stock for disclosure violations
There are currently 44 stocks suspended from trading on the Hanoi Stock Exchange mostly for failing to provide audited annual reports for three years or more, Tuoi Tre is reporting. The failure of listed firms on all of VIetnam’s stock exchanges to release audited financial reports, or to release them
Japan led consortium approved to build LNG plant in northern Vietnam
A consortium of Japan’s Tokyo Gas and Kyuden International, along with Vietnam’s Truong Thanh Group, has been approved to build a new LNG plant in northern Vietnam’s Thai Binh province, the Borneo Bulletin is reporting. The project is estimated to be worth just shy of US$2 billion.
WTO/IFC Mekong report finds better trade finance could unlock US$58 billion
Greater access to trade finance could boost imports and exports in Cambodia, Laos, and Vietnam by a combined US$58 billion or 9 percent, the Phnom Penh Post is reporting. The findings are in a report released by the World Trade Organisation and the International finance Organisation. Full report: Trade Finance
Snapshot: Vietnam’s Coffee Industry, November 2023
Each month the-shiv provides a snapshot of Vietnam’s coffee industry covering the latest developments, key performance indicators, and government data. Business picked up for Vietnam’s coffee producers in November as the coffee harvest entered full swing. Exports topped US$327 a big jump from US$168 million back in October. There were
Singapore garment firm to in invest in new plant in southern Vietnam
Singapore’s J&H Yubo is set to invest US$19 million in a factory in Dong Nai in southern Vietnam, The Investor is reporting.
Singapore electrical homeware maker to invest US$80 million in southern Vietnam
Singapore’s Ningbo Dechange is looking at spending US$80 million on a new operation in Vietnam’s Dong Nai province which borders Ho Chi Minh City, The Investor is reporting.
Taiwan ziplock bag maker to open factory in southern Vietnam
Taiwan’s Jhonsin Vietnam is set to outlay US$10 million for a factory in Vietnam’s Dong Nai province where it will produce ziplock bags and homeware, The Investor is reporting.
VN-Index down 7.83 (0.71 percent) at close at 1,102.30, December 14
The VN-Index has closed down 7.83 points or .71 percent to close Friday hovering at 1,102.30. Foreign traders had a super active day trading around US$264 million worth of stocks but overall net-selling US$60.6 million. This brings the total foreign traders withdrawn from the market this week to US$143.7 million.
Number of stock trading accounts in Vietnam drops again
The number of stock trading accounts in Vietnam has fallen for a second consecutive month, according to data from the Vietnam Securities Depository and Clearing Corporation. Where as there were 7,445,544 accounts at the end of October, at the end of November there were 7,252,743, a drop of 192,081. This
Another super-car showroom opens in Vietnam
Lamborghini has opened a super-car showroom in Vietnam’s Ho Chi Minh City, The News Market is reporting. The sports car company joins the likes of McLaren and Porsche which also have showrooms in one of Asia’s fastest growing economies. Of note, car sales have been down considerably this year as
Vietnam gains three points in English proficiency rankings
Education First’s English Proficiency Index has found a slight improvement in English levels in Vietnam in 2023, VietnamNet is reporting. The report found the highest levels of English in the Red River Delta around Hanoi and that it sits around the middle among its key foreign direct investment competitors in
VN-Index down 4.07 (0.37 percent) to close at 1,110.13, December 14
The VN-Index has finished Thursday in the red, down 4.07 points or 0.37 percent, to close at 1,110.13. Foreign investors continued their sell-off ith US$14 million net-pulled from the market bringing the total for the last five trading sessions to just over US$101 million. Foreign investor trading activity on the
‘Delist likely’ for Vietnam Airlines after 2022 annual report released: Ch-Aviation
Well overdue, Vietnam Airlines has finally released its audited annual report for 2022 recording a loss for the year of US$460 million, with airline intelligence firm CH-Aviation suggesting delisting is now ‘likely’. Of note, the embattled airline is in negative equity and has reported three years of losses. Trading in
Vietnam car sales down 15 percent in November year-on-year
There were only 26,439 new car sales in Vietnam in November representing a drop of 15 percent compared to November last year, Just Auto is reporting, referencing data from the Vietnam Automotive Manufacturers Association (VAMA). Just 240,027 were sold in the first 11 months of this year, down from 327,760
ADB cuts Vietnam growth forecast
The Asian Development Bank (ADB) has cut its growth forecast from 5.8 to 5.2 percent, VN Express is reporting. Data is from the Asian Development Bank Outlook December 2023. Key reasons for the downgrade listed include: falling external demand; weak budget execution, particularly at the provincial level; and and a
Vietnam facing shortage of staff to register new cars pre-Tet
Allegations of corruption against a number of individuals involved in the registration of motor vehicles and their subsequent suspension from work pending trial, has led to a shortage of staff for new registrations, Saigon News is reporting. Of note, 958 registrars are being prosecuted and 800 others have quit their
Vietnam draft solar decree no feed-in-tariffs sends ‘negative signal’
A draft decree from Vietnam’s Ministry of Industry and Trade addressing rooftop solar says excess electricity can be fed into the grid but will not be paid for, has been met with some concerns, PV Magazine is reporting. The publication quotes solar analyst, Moritz Stitcher as saying “it sends another
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