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.

 

Industrial rents have jumped significantly in northern Vietnam

Land rents for industrial projects have increased by as much as 48 percent (Bac Ninh) in northern Vietnam in the past year on the back of increased interest from electronics firms, according to Savills and reported by The Leader. Vietnam’s rising star as a manufacturing hub is seeing demand rise

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Data center development may not be keeping pace with demand in Vietnam

An ‘investment rush’ into data centre development has not been enough to keep pace with growing demand, The Investor is reporting. The publication estimates Vietnam will need to build at least five new facilities each year with at least 2000 racks. Note that recently passed data localisation laws require firms

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VN-Index up 5.17 points (1,060.62 ) at close, October 26

It’s been swings and roundabouts this week for the HOSE but it has managed to finish the week on a positive note, up 5.17 points or 0.49 percent at close of business today, according to HOSE data. This was credited to domestic traders, however, with foreign traders net withdrawing VND

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Analysis of yesterday’s big VN-Index drop: it was Vingroup

Yesterday the VN-Index dropped 40 points straight-up on the back of Vingroup announcing it would issue more bonds to cover bonds that were maturing, Reuters has reported. Reuters is referencing ‘traders and stock brokers’ as saying this reworking of bond debt may have ‘raised concerns about Vingroup’s financial status. Note

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VN-Index 🡇 46.21 points (1,055.45) at close, October 26

The HOSE was hit hard today by a huge sell-off which saw the VN-Index drop 46.21 points or 4.19 percent, according to HOSE data. A lot of the sell off was confined to domestic traders with foreign firms net selling just VND 99 billion or US$4 million. Foreign investor trades

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Banks deposits in Vietnam highest ever in latest State Bank data

Total funds in savings accounts at Vietnamese banks topped VND 12.4 million billion or US$504 billion in August, according to State Bank of Vietnam data and reported by Tuoi Tre. This is reportedly the highest bank deposits have ever reached and is in spite of record low savings interest rates. 

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Chinese solar cell maker to build new factory in northern Vietnam

China’s Boway intends to build a 20-hectare, US$114 million solar cell factory in northern Vietnam’s Hai Duong province, The investor is reporting. This is part of a number of major investments in its manufacturing operations across northern Vietnam. All-up it reportedly has plans to invest US$350 million Hai Dunong alone.

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Chinese solar factory starts operating in northern Vietnam

China’s Jingko Solar has started operating a new US$709 million factory in Vietnam’s northern province of Quang Ninh, The Investor is reporting. The new 31.3-hectare factory is expected to employ 4,500 workers when fully operational and generate revenue of US$4.07 billion annually.

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VN-Index 🡇 4.24 points (1,101.66) at close, October 25

It was another slide for the HOSE on Wednesday finishing the day just over four points down, closing at 1,101.66. Foreign investors continued to net sell pulling another US$22 million from the market. Foreign investor trades on HOSE October 19 to 25 Buy Sell Change Date VND US$ VND US$

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VinaCapital floats the idea of Vietnam hosting the Olympic Games

Investment firm VinaCapital published notes from an investor conference earlier this month in which it said it believes Vietnam’s GDP for the year will come in at under 5 percent, but also that the recent ‘Comprehensive Strategic Partnership’ Vietnam signed with the United States may signal a step toward Vietnam

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Standard Chartered cuts Vietnam growth forecast for 2023

Standard Chartered has cut its GDP growth forecast for Vietnam this year from 5.4 percent to 5 percent, The Investor is reporting. This is mostly in line with revised government forecasts as well as those of a number of big institutions–the World Bank, International Monetary Fund, and the Asian Development

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Columbia Sportswear looking to ‘near-shore’, may cost Vietnam

US apparel brand Columbia Sportswear is in the process of ‘near-shoring’ its manufacturing operations out of Asia (Columbia Sportswear has around 190 contract suppliers in Vietnam) to Central America, the New York Times is reporting. Key Columbia Sportswear executives quoted cite their move from China to Vietnam as problematic with

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VN-Index 🡅 12.37 points (1,105.90) at close, October 24

The HOSE recovered almost all of yesterday’s losses today closing the session at 1,105.90 up 1.13 percent or 12.37 points, according to HOSE data. Foreign traders, on the other hand, net sold for the day to the tune or VND 458 billion or US$18.6 million.  Foreign investor trades on HOSE

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