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.
Import tax hikes suggested to support local plastics business
Vietnam’s Ministry of Finance has knocked back a request from the Long Son Petrochemicals Complex, to increase import tariffs on several plastics products , The Investor is reporting. Why it matters: If it had been approved this would have gone against Vietnam’s general policy of removing barriers to trade. That
Northern Vietnam province looking for approval for casino project
Vietnam’s Quang Ninh province, home to world famous tourist attraction Ha Long Bay, wants to build a US$2.8 billion casino and resort for domestic tourists. Plans have been submitted to the Ministry of Planning and Investment which has asked the Prime Minister to approve the project ‘in-principal’, The Investor is
C.bank governor calls for greater supervision of banks
State Bank of Vietnam (SBV) governor, Hong Thi Nguyen, has advocated greater supervision of credit institutions to Vietnam’s National Assembly, The Investor is reporting. This comes just days after it was revealed a former director of the SBV had accepted a bribe of up to US$5.2 million to look the
VN-Index-25.33 points (1,088.49) at close, November 23
The VN-Index finished the day in the red losing 25.33 points or 2.27 percent. At the final bell it was sitting on just 1,088.49 points. Foreign traders also left the market to the tune of a total of US$18.4 million. Foreign investor trades on HoSE from November 17 to November
Vietnam’s record high trade surplus, not necessarily good news
Vietnam’s trade surplus up to the end of October this year was US$24.61 billion, two and a half times bigger than it was over the same period last year, VN Express is reporting. But overall trade is down and in this context, this isn’t great news. Key takeaways: It looks
Well-known English language training center chain, APAX Holdings, delisted
Violations of information disclosure rules have seen APAX Holdings, which runs a chain of English training centres in Vietnam, delisted from the Ho Chi Minh Stock Exchange, VN Express is reporting. Why it matters: APAX well over-expanded before COVID and when the pandemic broke out and centres were forced to
Key retail strips in HCMC, Hanoi among the most expensive in the world
Tuoi Tre is reporting that retail rents on Hanoi’s Trang Tien Street and Ho Chi Minh City’s Dong Khoi Street are among the most expensive in the world, according to Cushman & Wakefield. That said, the Main Streets Across the World Report 2023, from the aforementioned property managers, ranks HCMC’s
Bamboo Airways cuts key domestic routes from schedule
Embattled Vietnam airline, Bamboo Airways, has cut domestic tourist hot-spots Dalat and Phu Quoc from its flight schedule in a bid to try and keep itself afloat, The Investor is reporting. These cuts are on the back of a series of international route cuts last month. See also: Vietnam’s Bamboo
Japanese food and beverage firms buys Vietnam dairy company
Vietnam’s New Viet Dairy, an importer, exported, and distributor of speciality dairy and deli products, has been sold to Japan’s Sojitz Corporation, The Investor is reporting. The value of the sale is not disclosed, however, New Viet Dairy reported revenue of US$320 million last year.
Intel still intends to expand its operations in Vietnam: Vietnam News
Intel has not abandoned plans to expand its operation in Vietnam, despite reporting to the contrary, Vietnam News is reporting. Reuters reported earlier this month that these plans had been shelved sparking a flurry of debate over Vietnam’s future in semiconductor supply chains. The aforementioned Vietnam News article has reported
VN-Index +3.36 points (1,113.82) at close, November 22
The VN-Index inched up by 3.36 points or .3 percent today to finish the session at 1,113.82, accordion to HoSE data. That said, most of the buying was done by local firms with foreign investors net-selling over US$30 million worth of stocks. Foreign investor trades on HoSE from November 13
Market demand, skilled labour shortages in Vietnam, key risks for German firms
A lack of skilled labour and relatively low global market demand are key concerns for German investors in Vietnam, Germany Trade and Invest (AHK) has said. In its World Business Outlook Fall 2023 it also found firms weary of risks to supply chain disruptions (37 percent), economic policy (24 percent),
Lack of clear policy, pricing ‘undercutting investor confidence’ in Vietnam renewables: Bloomberg
The Vietnam Business Forum’s Power and Energy Working Group has published a report in which they say that a lack of legal frameworks around renewable energy is causing problems for firms looking to develop the sector, Bloomberg is reporting. Specifically, the working group has called for clearer regulations around power
Vietnam’s oil, petrol imports top US$13 billion in first ten months of 2023
Vietnam is becoming increasingly dependant on oil imports with 9.02 million tons imported in the first ten months of this year, an 11.6 percent increase over the same period last year, Vietnam Net is reporting. It also imported petrol products to the tune of 8.79 million tons. In contrast, over
VN-Index +6.80 points (1,110.46) at close, November 21
The HoSE closed up +0.62 percent or 6.8 points to today to finished the session at 1,110.46. Foreign investor trades on HoSE from November 12 to November 21 Buy Sell Change Date VND US$ VND US$ VND US$ 15/11 1,694 $70,174,119 1,449 $60,024,970 245 $10,149,150 16/11 1,030 $42,667,853 1,160 $48,053,116
Decrease in Vietnam’s personal income tax collection recorded
Vietnam’s personal income tax receipts in the first nine months of this year were down VND 7.2 trillion (US$299 million) over the same period last year, Tuoi Tre is reporting. The article goes on to say this is due to a reduction in real estate transfer taxes which are included
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
In today’s Vietnam news: MB Bank expanding lending to Novaland, MB Bank Sungroup lending, Bond reform proposed, Net-zero financing needs, Fuel price changes, Black
In today’s Vietnam news: Foxconn expansion, No GMT for BOT projects proposed, Land prices falling, Cassava chip export restrictions proposed, Diamond trade as conditional
In today’s Vietnam news: VAT cut extension proposal, FDI recorded Jan – July, Bamboo Airways adds flights, Carbon market stalls, HCMC data centre capacity,
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