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.
Global Minimum Tax off the cards in Vietnam until 2025
This was reported by The Investor who referenced a speech from Vu Tuan Anh, a member of the National Assembly’s Finance and Budget Committee. The understanding appears to be, per this article, that firms do not need to pay GMT in their home countries until 2025 and therefore Vietnam still
🇻🇳 Stock market manipulation in crosshairs after high-profile arrests
The Vietnamese government intends to crackdown on traders that manipulate the stock market in the wake of a number of high profile arrests, The Investor is reporting. This has come about after it was revealed that the head of real estate firms FLC, Trinh Van Quyet, used friends and family
Vietnam digital economy to reach US$45 billion by 2025: Google, Temasek, Bain Report
The e-Conomy SEA 2023, compiled by Google,Temasek Holdings, and Bain & Company has been released here’s what it says about Vietnam’s digital economy: Vietnam’s digital economy gross merchandise value, 2021 – 2030 2021 2022 2023 2025 2030 (US$ = Billions) US$ US$ % US$ % US$ % US$ Overall digital
🇻🇳 77 percent of food and beverage businesses are worried about declining purchasing power
This is according to a Vietnam Report food and beverage industry survey published in September and reported by Vietnam Plus. The survey also found that: 84.6 percent of food and beverage businesses cited global factors as their biggest challenge; 15.4 percent of respondents think there will be more challenges ahead.;
Context: Vietnam has overtaken South Korea to become US’s 6th largest trading partner
Note however that, South Korea’s Samsung accounts for almost 20 percent of Vietnam’s exports. Furthermore, other big South Korean firms like LG and Huyndai also do a large portion of their manufacturing in Vietnam. Taking this into consideration, and maybe looking at what share of US imports from Vietnam belong
VN-Index 🡅 11.47 points (1,039.66) at close, November 1
The fortunes of the Ho Chi Minh City Stock Exchange turned around today finishing the day up for the first time this week, according to HOSE data. The index gained 11.47 points or 1.12 percent. Foreign traders, however, went the other way, exiting the market to the tune of US$4.4
Vietnam’s manufacturing sector still in contraction mode: S&P
S&P Global has released its Global Vietnam Manufacturing PMI for October and it[s not great. Vietnam’s PMI was 49.6 in October down from 49.7 in September. S&P found that new orders were up but only slightly–not enough to increase production and instead firms drew down on exiting inventory. Why it
🇻🇳 Low petrol prices keep CPI in check, but retailers are picking up the tab
Petrol prices in Vietnam, in the first ten months of this year, dropped by 13.24 percent over the same period last year and this has helped to keep inflation in check, The Leader is reporting. Conversely, VN Express is reporting that petrol retailers have called on the PM for help
🇻🇳 Novaland reports Q3 profit amid default on international bond interest payment
Novaland is ‘back in the black’ with an after-tax profit of VND136.7 billion (US$5.7 million) in Q3, VN Express is reporting. This was a big change compared to the first half of the year in which it recorded a loss of VND 1,094 trillion (US$44.5 million). There is, however, no
Samsung Vietnam forecasts US$8 billion drop in exports in 2023
Samsung Vietnam is aiming to export US$57 billion worth of goods this year, VN Express is reporting. This is US$8 billion less than the US$65 billion it exported in 2022. Why it matters: Samsung Vietnam accounted for almost 20 percent of Vietnam’s total exports (US$371 billion) in 2022. A drop
VN-Index -14.21 points (1,028.19) at close, October 31
The VN-Index has had another rocky day ending the day down 14.21 points or 1.36 percent at 1,028.19, according to HOSE data. Vietnam’s primary stock market is now well below its September high when it went over 1,240 points. This comes on the back of weak business results as the
JETP agreement financing mostly market-rate lows, few grants
The US$15.5 billion Just Energy Transition Partnership (JETP) agreement developed by the G7 and a handful of other countries to help Vietnam wean itself off coal is mostly market-rate loans that Hanoi didn’t really want and only US$300 million worth of grants, Reuters is reporting. Why it matters: Vietnam was
Aussie coffee chain opens first store in Vietnam
Australian coffee chain Ten Thousand has opened a store in the Vietnamese capital Hanoi, VF Franchise Consulting is reporting. This is the group’s seventh store, with just one in Australia, three in the USA, and two in Taiwan. For a relatively small and new company, that is not well established
Up to 80 percent of Vietnam garment makers impacted by US green manufacturing regs
Green textile and garment manufacturing regulations introduced in the US this year have created problems for 80 percent of Vietnamese textile and garment exporters, Saigon Giai Phong is reporting. Similar regulations in the EU, require garment and textile imports to meet ecological design criteria, which have seen 90 percent of
Thailand cosmetics firm enters Vietnam market with retail store in Hanoi
Harnn, a Thai cosmetics brand, has opened its first store in Vietnam in Hanoi, selling personal care and beauty products, Inside Retail is reporting. The brand is also planning to open a second store in Ho Chi Minh City later this year. Vietnam’s retail and cosmetics sectors have experienced high
UK-Vietnam trade growth slows due to UK trade policy changes
Vietnam’s exports to the United Kingdom this year have stagnated as a result of the UK signing onto the Developing Countries Trading Scheme (DCTS) and more free trade agreements, Vietnam Plus is reporting. This is creating more competition among the UK’s suppliers and giving UK importers more options, which is
Starlink pursuing Vietnam market access, but clear challenges exist
Elon Musk’s satellite internet service, Starlink, is currently on show in Hanoi at the Vietnam International Innovation Expo 2023, VN Express is reporting. This is on the back of SpaceX representatives making overtures to the government last month with respect to making the service accessible in Vietnam. Point of note:
US to officially review Vietnam’s non-market economy status
The US Department of Commerce has announced it will officially review Vietnam’s status as a non-market economy for the purposes of anti-dumping measures, according to the Federal Register. This will be done in the context of anti-dumping measures applied to raw honey from Vietnam and is in response to an
VN-Index -18.22 points (1,042.40) at close, October 30
The HOSE slid 18.22 points or 1.72 percent in the first trading session of the week, according to HOSE data. This comes after a troubling week in which the local bourse fell over forty points in one day and rounded out the week 47 points down on a week earlier.
Interbank interest rates drop as T-bills continue to expire, not replaced
Inter-bank interest rates have started to decrease after reaching a three-month high last week, Vietnam Biz is reporting. Last Thursday they hit 1.89 percent, down from 2.22 percent the Monday before. Why it matters: Inter-bank interest rates were one measure that was being used to assess the success of the
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