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.
🇻🇳 Trade turnover down 11 percent year-on-year
Vietnam has posted a trade turnover of US$496.30 billion for the first nine months of the year, an 11.2 percent drop over the same period in 2022, Dan Tri International is reporting. The publication notes that foreign-invested firms accounted for US$341.65 billion of said turnover whereas local firms accounted for
VN-Index down 18 points to close at 1,103.40, October 18
The VN-Index continued its downward slide Tuesday, losing 1.64 percent to finish the day at just 1,103.40 points, according to HOSE data. The index has now fallen just over 50 points since its close Friday. Foreign investors, however, seem to have changed their tune with a considerable uptick in the
🇻🇳 Quarterly bank financial reports reveal broad falls in profits
A number of banks including BacABank, VPBank, and PG Bank, have all recorded drops in third-quarter profits year-on-year, VietnamBiz and Mekong ASEAN are reporting. There is speculation that this will be common among banks this reporting period, with reduced income from interest payments weighing heavily on balance sheets. Why it
Increase to minimum wage in Vietnam pushed back beyond January 2024
The National Wage Council has said it will not recommend increasing the minimum wage from the start of 2024, Tuoi Tre is reporting. Lai Van Tong, the Deputy Director of the Department of Labour Relations and Wages, at the Ministry of Labour, War Invalids and Social Affairs, says this is
🇻🇳 Global minimum tax legislation delayed, alt. support for business not ready
Legislation that would see a number of multinationals in Vietnam pay at least 15 percent tax in Vietnam under the OECD’s Global Minimum Tax (GMT) initiative, has been delayed, Reuters is reporting. State-controlled media is saying that the legislation has not been submitted to the National Assembly, which starts sitting
Vietnam industrial land rent to become 10 percent more expensive
Whereas this is ‘good news’ for industrial real estate developers, according to Vietnamnet, it will mean increased costs for leasees. Vietnamnet cites data from CBRE which shows occupancy rates at 80.2 percent, with an average lease price in the primary market of US$131 per square meter. It’s not clear what
🇻🇳 Garment exports drop in September after four months of increases
Vietnam Plus is reporting that garment and textiles exports increased in August for the fourth month in a row, with US$3.4 billion exported, up 5.5% month on month. Customs data from September, however, reveals that this upward run was short-lived with textile and garment exports reaching just US$2.57 billion in
VN-Index down 20 points to close at 1,121.65, October 17
The VN-Index fell again on Tuesday continuing a rocky start to the week, according to Ho Chi Minh Stock Exchange data. The local bourse ended the day at 1,1121.65 points down 20 points on Monday’s close. Banking and securities were the most traded stocks of the day. Note: There was
🇻🇳 PM requests up to US$7 billion for infrastructure projects from World Bank
The World Bank has agreed in principal to a request for between US$5-7 billion requested to build infrastructure projects including railways, roads, and urban infrastructure, but with caveats, Doang Nhan Viet is reporting. Specifically, the WB wants more details including specific details of the projects and deadlines for the projects
Vietnam rare earth mining firm find Australian development partner
The owners of Vietnam’s only rare earth processing plant, Vietnam Rare Earth JSC (VTRE), has announced it is partnering with Australia’s Blackstone Minerals to arrange an auction for a mining licence for Vietnam’s Dong Pao mine, The Investor is reporting. The Dong Pao mine is a 132-hectare site in northern
Vietnam fuel imports have increased 23.1 percent so far this year
Vietnam spent US$793 million on imported fuel bringing its total imports of petrol products to US$6.65 billion, which is a 23.1 percent increase year-on-year, Vietnamnet is reporting. This is at least in part a result of challenges at Vietnam’s Nghi Son refinery that have seen capacity cut and huge financial
Amazon Prime Video set to exit Vietnam market
Amazon Prime Video has decided to exit the Vietnam market at the end of the month, VN Express is reporting. Amazon doesn’t seem to have explained exactly why but the speculation is that Vietnam’s regulations on cross-border media providers may be the reason. More detail: In recent years Vietnam has
New deal: Shinhan Bank Vietnam to offer corp. clients Samsung insurance
Shinhan Bank Vietnam and Samsung Vina Insurance Company have signed a deal for the former to offer the latter’s property insurance products to its corporate clients, Vietnam News is reporting. Why it matters: This is positive news for insurance companies and bancassurance agreements which have been under increased scrutiny this
Soju manufacturing plant headed to northern Vietnam
Soju maker HiteJinro is planning to build a US$100 million soju factory in northern Vietnam’s Thai Binh province, The Investor is reporting. This will be the Korean firm’s first overseas plant and will serve its broader global expansion plans. Soju is becoming increasingly popular in Vietnam and is broadly available
🇻🇳 VN-Index down 13 points to close at 1,141.42 October 16
The VN-Index finished Monday down a little over 13 points or 1.15 percent, according to Ho Chi Minh Stock Exchange Data. Saigon – Hanoi Commercial Bank (SHB) was the most traded stock for the day with over 30 million shares in the bank changing hands. The bank finished the day
Embattled real estate firm FLC to pay US$3.3 million in overdue taxes
The Hanoi Tax Department has found that property developer FLC has US$3.3 million owed in back taxes, VN Express is reporting. The publication also notes that FLC hasn’t released its financial reports since the fourth quarter of 2022. FLC’s chairman was arrested for stock manipulation back in March 2022 and
Vietnam’s largest rare earth mine’s 2022 revenue less than US$10K
Lai Chau-Vimico Rare Earth, which owns the largest rare earth mine in Vietnam reported revenue of just VND 240 million (US$9,800) in 2022, The Investor is reporting. The mine has reportedly been in operation since 2008 with varying degrees of success–2021 was a markedly better year with revenue of VND
Stock market to continue to climb this week: Vietnam News
Vietnam News is predicting that the stock market will continue to climb this week but the publication does not make clear how it has come to this conclusion. It does, however, carry comments from an executive at VNDirect, who says that low deposit interest rates as well as ongoing challenges
AstraZeneca has been approved to transfer tech to Vietnam
Vietnam’s Ministry of Science and Technology (MoST) has approved the transfer of AstraZeneca technology and processes to Vietnamese partner the Medochemie Company, Scandasia is reporting. This transferred technology will be used to produce drugs in Vietnam to international standards . FYI: Whereas China often insists that firms transfer technology to
🇻🇳 SBV T-bond issues in last 30 days reach US$8.1 billion
The State Bank of Vietnam issued VND 20 trillion (US$817 million) in bonds on Friday bringing the total for the last 30 days to US$8.1 billion, per the SBV website. This is the 17th tranche of bonds issued since the SBV embarked on a t-bill issuing spree to shore up
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