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.
Head of ANZ Group meets with Deputy PM in Hanoi
Shayne Elliott the Chief Executive Officer of ANZ Group met with Deputy Prime Minister Le Minh Khai in Hanoi this week, state media is reporting. The article goes on to outline what the Deputy PM asked of ANZ but fails to mention what ANZ asked of the Deputy PM. It
Outlook stable for Vietnam’s non-life insurance segment: AM Best
Global credit rating agency focused on the insurance sector, AM Best, has said in a press release that the outlook for Vietnam’s non-life insurance sector is stable, despite a recent bancassurance scandal. It says that updates to the Insurance Business Law this year should strengthen risk management in the sector
3rd advertising violation in Vietnam earns intl. ad agency US$1,442 fine
International advertising agency Group M has been fined US$1,442 for ads it ran on Youtube that contained content in breach of Vietnam’s cyber security law, VN Express is reporting. The article does not specify which ads or what the ads contained but does say they were for Procter & Gamble
VN-Index gains 7.37 (+0.67%) to close at 1,102.80, November 29
The VN-Index climbed higher today, moving up 7.37 points or .67 percent to finish the session at 1,102.80. Foreign traders returned to net-selling shedding US$4.1 million worth of stocks. Most popular among foreign investors today were Vinhomes (VHM) and Mobile World Group (MWG). Trades by foreign investors HoSE November 29
Vietnam’s value-added tax reduction extended
A 2 percent reduction in Vietnam’s value-added tax has been extended to June next year, VTV is reporting. The stimulus measure first introduced during COVID has been extended multiple times as Vietnam’s economy first struggled to recover from the pandemic and is now battling a greater global economic downturn.
Amendments to real estate business law pass Vietnam’s National Assembly
An amended real estate business law has officially been approved by the National Assembly of Vietnam, The Investor is reporting. Set to take effect from January 2025, the amended real estate business law has a few key changes developers and real estate firms should be aware of. These include: Developers
Taiwanese firm looking to establish electronics factory in north-central Vietnam
Radiant Opto-Electronics Corporation from Taiwan has submitted plans to build a US$120 million factory to contribute to its backlight module supply chain in Vietnam’s Nghe An province, The Investor is reporting. The factory is set to cover 8.2 hectares and should be operational by the end of 2024.
Japanese firm opens solar cell factory in northern Vietnam
A subsidiary of Japan’s Vsun Solar has inaugurated a US$200 million factory in Phu Tho in northern Vietnam, The Investor is reporting. Covering 13 hectares the project will reportedly employ 700 people when it reaches peak capacity.
Global Minimum Tax legislation passed in Vietnam, to start Jan 2024
A top-up tax has been approved by Vietnam’s National Assembly and will see corporate income taxes raised to a minimum of 15 percent in the country, Reuters is reporting. This will take effect from January 1 next year. Legislation set to provide alternative benefits to corporate firms operating in the
Foreign direct investment approvals in Vietnam hit US$28.85 billion
A total of US$28.5 billion worth of foreign direct investment projects have been approved so far this year, a 14.8 percent increased on a year earlier, VN Express is reporting. Of note: When applying for an investment registration certificate foreign firms need to detail how much money they intend to
VN-Index gains 7.37 (+0.68%) to close at 1,095.43, November 28
The VN-Index reversed course today heading upward 7.37 points to finish out the session at 1,095.43 points. Foreign traders net bought for the third straight day though only US$2 million worth of stocks, a drop in the bucket compared to the US$37.5 million they shed last week. Trades by foreign
Crackdown on loan sharks sees Vietnam lending apps rack up debts
Tuoi Tre is reporting on the phenomenon of borrowers forming groups for tips on advice on how to avoid repaying loans. This phenomenon is attributed to a crackdown on loansharking activities, particularly threatening customers with violence or confiscating personal belongings in lieu of payment. It is mostly focused on short-term
Repayments on 19 percent of Vietnam’s corporate bonds delayed this year
Up to 100 firms that have issued corporate bonds have failed to meet their repayment obligations to investors. These firms represent 19 percent of Vietnam’s corporate bond debt with delayed payments from January to November totalling US$7.92 billion, according to The Investor. Despite bond market reforms throughout the year and
Vietnam’s plastics industry exports on the decline
Plastics exports from Vietnam reached only US3.7 billion from January to September of this year, a 12.2 percent dop year-on-year, Vietnam News is reporting. This has been attributed to the broader global economic slowdown by the Vietnam Plastics Association. Of note: Last week, a request to increase import taxes on
C. bank T-bills expand Vietnam’s bond market by 3.9 percent in Q3
Vietnam’s outstanding bonds hit US$108.6 billion in the third quarter of this year, representing 3.9 percent growth over the previous quarter, Vietnam New is reporting citing an ADB report. Corporate bonds, however, contracted 3.1 percent with the State Bank of Vietnam issuing US$13.5 billion worth of treasury bills to prop
VN-Index -7.55 points (1,088.06) at close, November 27
The VN-Index slipped 7.55 points today, or .69 percent, to round out the first day of the trading week at 1,088.06 points. Whereas over US$486 million dollars worth of trades were carried out, foreign traders were responsible for just US$50.7 million worth. Top traded stocks among foreign investors were VP
Consumer loans on the decline in Vietnam, bad debt up
Consumer loans declined to the six months ending June 30 compared to the end of 2022 by 10.2 percent whereas bad debt increased to 12.5 percent from 10.7 percent, Tuoi Tre is reporting. The publication says this is the most difficult period the market has faced in 15 years.
Vietnam-owned garment firms struggle against foreign counterparts
VN Express is carrying a feature on the garment sector focused on the gap between the levels of success experienced by local firms versus foreign-invested enterprises. It carries a number of key points regarding the challenges the sector currently faces. These include: There is an overemphasis in Vietnam on new
Vietnam football club fails to pay staff, players for months
The Ho Chi Minh City Football Club has failed to pay staff and players to the tune of US$1.23 million, VN Express is reporting. The publication is reporting that this sum is made up of salaries and bonuses and dates back as far as last year. Why it matters: This
Wolfoo-Peppa Pig intellectual property infringement saga continues
The Vietnamese makers of the kids’ cartoon Wolfoo, Sconnect, which is being sued by the makers of Peppa Pig, eOne, for allegedly infringing its intellectual property rights, has complained to the Vietnamese authorities that additions to the lawsuit are outside of the scope of the lawsuit, Vietnam Net is reporting.
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