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 industrial production index up 0.5 percent over Jan-Oct
This is per General Office of Statistics data and despite the manufacturing sector experiencing a broad downturn in response to lower demand for Vietnam’s exports, VN Express is reporting. Conversely, S&P Global’s Purchasing Manager’s Index has found the sector to be in contraction for most of this year. The index
Increasing bank deposits leading to increased lending costs
Bank profits are down considerably this year and part of this is due to increased lending costs linked to current account savings account (CASA) ratios, according to VN Express. This article is saying that when interest rates were high at the end of last year, people put more money into
Chinese solar firm to increase Vietnam investment almost two-fold
Trina Solar, a Chinese solar panel manufacturer is to increase its investment in Vietnam by US$420 million dollars bringing its total investment in the country to US$900 million, Tuoi Tre is reporting. Of note, solar panels exported from China to the US are subject to antidumping duty (ADD) and countervailing
German tech manufacturing firm opens factory in northern Vietnam
The Harting Technology Group has opened a new, 2,500 square meter factory in Vietnam’s Hai Duong province, Cong Thuong is reporting. The German company currently manufactures electronic connectors and industrial-grade data cables.
🇻🇳 Central bank governor says credit growth cap to stay
State Bank of Vietnam (SBV) governor, Hong Thi Nguyen, has said that the 14 percent limit on bank lending each year will not be removed, Reuters is reporting. She said that removing the limit could result in excessive lending. Some context: Last year, Vietnam’s credit growth limit was reached in
VN-Index 🡅 12.88 points (1,089.66) at close, November 6
The Ho Chi Minh City has started the week on a positive note, finishing Monday at 1,089.66 points, up 1.2 percent on Friday’s close, according to HoSE data. It wasn’t just local traders buying either. Foreign investors net bought almost US$14.5 million worth of stocks, a promising sign at the
Snapshot: Vietnam’s Stock Market, October 2023
The Ho Chi Minh Stock Exchange (HoSE) started October in an interesting place. The State Bank of Vietnam (SBV) was in the midst of a series of treasury bill issues with billions of dong being pulled from the market every day. Uncertainty over the impact this would have on the
🇻🇳 Textile and garment firms still struggle amid low demand in key export markets
The 3,700 workers Garmex Saigon Corporation had in 2021 was whittled down to 1,900 workers last year, and this year has dropped to just 37 on lower demand for Vietnamese garments, Dan Tri is reporting. Why it matters: Layoffs have been common throughout the industry this year and attributed mostly
Vietnam tech workers laid off on low demand, lack of skills
Vietnam’s tech sector has been hit with a wave of layoffs on the back of reduced demand but also a lack of skills, VN Express is reporting. It’s quoting data from TopDev which found that almost 90 percent of companies were looking to recruit less than 50 programmers this year,
Skilled labour needed for high-tech manufacturing boom, still a ways away
‘Experts’ are calling for a comprehensive investment strategy to encourage university students to enrol in STEM subjects, Vietnam Plus is reporting. The percentage of students enrolled in STEM subjects in Vietnam in 2021 was 28.7 percent compared to 46 percent in Singapore, 50 percent in Malaysia, 35 percent in South
Lunar New Year public holiday in Vietnam to be held February 8 to 14
That is from the Thursday before the actual Lunar New Year to Wednesday of the week after, as reported by Vietnam Plus. Note that the five public holidays legislated for the Lunar New Year (Tet) in Vietnam are at the discretion of the government and change every year. Also, it’s
Does Vietnam need to be a part of a ‘coffee cartel’ to increase the value of its coffee exports?
Major coffee producers in the Global South should band together to form a ‘coffee cartel’ something like what OPEC is for major oil-producing countries, according to an op-ed by Keun Lee, an economics professor at Seoul National University. Essentially, Lee argues that Global South producers should band together, consolidate small-scale
Why the National Australia Bank’s Hanoi innovation center awards matter
The National Australia Bank’s innovation centre in Hanoi has been recognised as among the best places to work and as one of the fastest-growing businesses at the Asia-Pacific Business Awards 2023, Cafe F is reporting. Of interest, however, is that a number of foreign banks have entered the Vietnamese market
Snapshot: Vietnam’s Economy, October 2023
At the start of October, it became clear that Vietnam was coming to terms with the fact that the huge annual growth it had seen before and directly after COVID had come to an end. The writing had been on the wall for some time but it was finally officially
VN-Index 🡅 1.31 points (1,076.78) at close, November 3
The HoSE has finished the week up again, with a 1.31 point rise or 0.12 percent to close at 1,076.78, according to HoSE data. Foreign traders bought back into the market today to the tune of US$10 million. Foreign investor trades on HoSE from October 30 to November 3 Buy
US firm plans to build amusement park in Hanoi
US firm Rosen Partner is planning to build a themepark in Hanoi, The Investor is reporting. There is a huge dearth of additional information in that the article mentions no other details at all. Rosen Partners is actually a real estate firm and appears not to have any amusement park
‘Highly possible’ SBV will sell dollars under futures contracts: state media 🇻🇳
A stronger US dollar and already very loose monetary policy in Vietnam is leaving the State Bank of Vietnam (SBV) with few options left to manage the local currency and it may need to sell dollars under futures contracts, VietnamNet has said. Of note: The dong is on a floating
First privately owned waste-to-energy plant in Vietnam begins operation
A US$58 million waste-to-energy plant in northern Vietnam’s Bac Ninh province has officially started operating, Vietnam Plus is reporting. The project is a joint venture between Vietnam’s Green Star Environmental Company and South Korea’s Green Star Environmental Company Chosun Refractories ENG and SK Ecoplant. The plant can process 800 tonnes
Vietnam ‘unlikely’ to reach 6 gigawatt offshore wind power target by 2030
This target is part of the Power Development Plan 8 approve earlier this year and the ‘unlikely’ assessment came from an article in Fulcrum penned by Phan Xuan Dung a Research Officer at ISEAS – Yusof Ishak Institute. Key takeaways: Vietnam’s grid can’t handle an influx of new wind power;
VN-Index 🡅 35.81 points (1,075.47) at close, November 2
The HoSE smashed it Thursday finishing up a phenomenal 35.81 points or 3.44 percent to close at 1,075.47. Real estate and construction firms were four of the top five performers. This is year another in a series of wild swings with investors uncertain about the direction of the economy. Of
In today’s Vietnam news: Fuel prices cut, Double-digit growth target reinforced, New airport services delay approval requested, TikTok VN investment, Bybit in Vietnam, LG
In today’s Vietnam news: VN renews antidumping tariffs on Thai sugar, Power supply challenges continue, USTR tariffs forced labour, AMRO growth forecast downgrade, Foreign
In today’s Vietnam news: Fund outflows May, New HCMC airport trial operations to begin September, M&A HCMC 2026, Compensation for gas-to-electric bike switch Hanoi,
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