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 IPOs so far this year net just US$7 million
The only three IPOs in Vietnam so far this year pulled in just US$7 million, The Investor is reporting. The publication is referencing a report from Deloitte and suggests that the Ho Chi Minh City Stock Exchanges poor performance this year has seen firms delaying their IPOs. The three IPOs
Vietnam trailing regional counterparts in stock market IPOs
Vietnam had just 8 IPOs last year compared to 42 in Thailand and 59 in Indonesia, Vietnam News is reporting. The publication’s core argument is that a lack of IPOs, and subsequently diversity, is a turn off for foreign investors. Of note, Thailand and Indonesia are both considered ‘emerging’ markets
VN-Index +2.47 points (1,103.66) at close, November 20
The VN-Index has started the week on a positive note despite revelations over the weekend that more than US$12 billion dollars had been misapproprtiated from Saigon Commercial Bank over a ten year period. All-in-all the local index gained .22 percent to finished the day at 1,103.66, according to HoSE data.
Petrol trading regulations updated to allow retailers to buy from multiple sources
Petrol retailers in Vietnam are now allowed to source petrol from up to three distributors as opposed to one previously, Doanh Nhan Vietnam is reporting. The changes are outlined in Decree 80/2023/ND-CP. Why it matters: Petrol shortages were common last year as oil prices spiked and prices set by the
Chinese tech manufacturer to set up shop in northern Vietnam
HG Tech, a Chinese manufacturer that specializes in optical devices, lasers, sensors and car parts, is planning a US$50 million factory in northern Vietnam’s Bac Ninh province, The Investor is reporting. The factory is slated to cover five hectares and will supply an increasing number of HG Tech customers in
Real estate sector still struggling with more closures and layoffs
Layoffs and closures in the real state sector are ongoing, The Investor is reporting. Specifically, Housing Development and Trading Joint Stock Company (HDTC) earlier this month announced it would furlough its workforce without pay until business picks up again. The Investors goes on to list several large real estate firms
Misappropriation of US$44 billion by bank exec. rattles Vietnam
The chairperson of Van Thinh Phat, Lan My Truong, whose arrest last year resulted in a brief run-on Saigon Commercial Bank (SCB) with which she was heavily involved, embezzled between US$12 billion and US$44 billion, VN Express is reporting. Over roughly ten years, Truong embezzled the funds by writing fake
Shares drop on VinFast US class action: VN Express
VN Express is reporting that shares fell Friday on the Ho Chi Minh Stock Exchange on news out of the US that two law firms were looking to establish class action lawsuits against Vietnam’s Vinfast over breaches in disclosure rules. According to the article, Vinfast is confident this is just
VN-Index -24.34 points (1,101.19) at close, November 17
The VN-Index has finished the week on a downer falling 24.34 points or 2.16 percent to finish the week at 1,101.19. Foreign investor trades on HoSE from November 10 to November 17 Buy Sell Change Date VND US$ VND US$ VND US$ 13/11 1,110 $45,905,715 1,488 $61,538,472 -378 -$15,632,757 14/11
Doubts raised over Vietnam’s ability to generated power from LNG next year
Despite a brand new LNG terminal in southern Vietnam, it’s unlikely Vietnam will be able to use LNG imported until 2025, The Investor is reporting. Vietnam currently has no LNG fired power plants to speak of and the first LNG plant is not expected to come online until the end
Vietnam’s biggest budget airline lifts foreign investor cap to 30 percent
Vietjet announced today that it would lift its foreign ownership cap to 30 percent, The Investor is reporting. Vietjet has been expanding aggressively in the last year or so and this move may be a means to attract more capital to expand even further. That said, by law a maximum
Coffee prices up on increased rain in Vietnam’s coffee belt
The price of January coffee futures in London was up this week after heavy rains in central Vietnam, a key coffee growing region delayed the coffee harvest, Business Recorder is reporting. Domestic coffee prices in Vietnam this week Dak Lak Lam Dong Date Per Kilo Change Per Kilo Change Date
Is it ‘time for an upgrade’ of legalised gambling regulations in Vietnam?
C-level executives at Spectrum Gaming Group, a consultancy specialising in legalised gambling have called for Vietnam to formalise its gaming sector by consolidating legislation and appointing a single regulator, according to an op-ed published in Inside Asian Gaming. They say that the legislation in the sector is currently scattered with
VN-Index +3.03 points (1,125.53) at close, November 16
The VN-Index has continued is winning streak, closing out the day up a small but still better than nothing, 3.03 points or .27 percent, according to HoSE data. Vietnam’s key index is now sitting at 1,125.53. Foreign investors, however, changed their tune from yesterday when they net-bought US$10 million worth
Retail association calls for extended delay on tighter bond market regulations
The HCMC Real Estate Association (HoREA) has called for an extension of Decree 08/2023 which has delayed to the implementation of tighten bond market regulations outlined in Decree 65/2020, The Saigon Times is reporting. Decree 65 when fully implemented would see bonds given credit ratings and bond market interactions limited
Global talent index ranks Vietnam No. 75
Vietnam has squeezed into the 2023 Global Talent Competitiveness Index in 75th place just behind Mexico in 74th place and ahead of Mongolia at 76, Vietnam Net is reporting. Vietnam, Global Talent Competitiveness Index 2023, key metrics table Metric Description Score Rank Enable Regulatory, market, business and labour landscape 46.78
Concerns Chinese electric bike makers evading EU trade remedies via Vietnam
The European Bicycle Manufacturers Association has raised concerns that Chinese electric bike makers are exporting their products through Vietnam to the EU to avoid antidumping duties, ASL is reporting. This could see the EU apply antidumping duties on electric bikes from Vietnam too. Using Vietnam to circumvent trade remedies has
Vietnam real estate firm wants to settle outstanding bond debts with property
Real estate firm Novaland has proposed using unsold properties in its Grand Manhattan development in Ho Chi Minh City to cover outstanding bond debts, Vietnam News is reporting. It’s not clear that this resolution has been accepted or that it will be by creditors. The bond debt is outstanding from
VN-Index +12.77 points (1,122.50) at close, November 15
The VN-Index has had another positive day rising 12.77 points to 1122.50, an increase of 1.15 percent, according to Ho Chi Minh City Stock Exchange data. There was also positive movement on the foreign trader front with foreign investors net-buying US$10 million of stocks. Foreign investor trades on HoSE from
Survey finds 2023 salary increase in Vietnam of 7.5 percent
Aon’s 2023 Salary Increase and Turnover Report has found that Vietnam has seen an actual salary increase of 7.5 percent this year, Human Resources Online is reporting. The report also found an expected increase in 2024 of 8 percent and says that tech sector wages in Vietnam are expected to
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