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.
Electric vehicle battery public relations blitz continues
Vietnam News is carrying an article that breaks down how electric vehicle batteries are made and proselytises how safe they are. For context: It was widely reported, in the mainstream media, two weeks ago that the fire in Hanoi that killed 56 people started when the battery in an electric
Calls for market orientated electricity prices on back of rising coal costs
State electricity provider, Electricity Vietnam, incurred a loss of more than VND 28.7 trillion (US$1.18 billion) in the first eight months of the year, a loss 9 percent bigger than that of the whole of 2022, Vietnam News is reporting. A representative of EVN told the publication that this was
Vietnam’s Bamboo Airways can’t pay its pilots
Bamboo Airways has been haemorrhaging pilots over the late payment of salaries, Reuters is reporting. This comes after Japanese airline expert Oshima Hideki left the position of Chairman of the Board at Bamboo after just a couple of months on the job. The embattled Bamboo Airways has made a number
Donation to Oxford college from Vietjet CEO falls through
A US$188 million pledge to Oxford college from Vietjet’s CEO Thao Phuong Thi Nguyen has been put on ice due to legal constraints around moving the money out of Vietnam, The Telegraph is reporting. The donation would have seen Oxford’s Linacre College renamed Thao College after the donor. It’s not
State Bank of Vietnam issues more treasury bills, total hits US$2 billion
The State Bank of Vietnam completed its fourth bond issue in the past two weeks to the tune of another VND 20 trillion (US$829 million), Donah Nhan Vietnam is reporting. This brings the total value of bonds issued since the start of last week to VND 50 trillion (US$2 billion).
Vietnam state media confirms T-bills issued to support local currency
If there was any doubt as to why the State Bank of Vietnam has been issuing treasury bills, this article in state media outlet Vietnam News should clear it up. “The SBV has also been making its own moves to address the rising exchange rate including the recent issuance of
Food company in northern Vietnam to branch out into electric vehicles
The Cencon Vietnam Company, known for frozen foods and consumer goods, has announced it intends to branch out into electric vehicles, The Leader is reporting. A new company will be established–the Cencon Electric Car Company–with start-up capital of VND 80 billion (US$3.3 million). The article suggests this new company will
Chinese press dubbs US-Vietnam rare earth ambitions ‘unrealistic’
The China Daily has run an op-ed in which it says the US and Vietnam lack the technology (which China has) to effectively mine and process Vietnam’s rare earth deposits reportedly the second biggest in the world. China withholding the necessary technology Vietnam needs to develop its rare earths industry
Mixed views on whether State Bank of Vietnam will cut interest rates again this year
Doanh Nhan Vietnam has compiled a range of views on whether or not the State Bank of Vietnam (SBV) will or even can reduce interest rates before the end of the year. Speculation is varied with UOB and MB Securities predicting further cuts and Rong Viet Securities, Maybank Securities, and
State Bank bills issued last week actually worth more than US$1.2 billion
Whereas it was reported last last week that the State Bank of Vietnam had issued US$411 million in treasury bills, it turns out this was the final of three bill issuances last week collectively totalling just shy of VND 30,000 trillion (US$1.2 billion), Doanh Nhan Vietnam is reporting. This should
Securities firms urge calm as VN-Index plunges
VinaCapital and Dragon Capital, two of the biggest trading firms in Vietnam, have urged other investors to stay calm and not react to rumours, after the VN-Index lost 40 points or 3.34 percent of its value on Monday, VN Expres is reporting. For context: Rumours spread Friday that several members
Thailand and Vietnam intend to work together to combat ‘fake news’
Thailand and Vietnam, have announced they intend to work together to tackle the challenges posed by ‘fake news’, Vietnamese state-owned media is reporting. At a working committee on the sidelines of Conference of the ASEAN Ministers Responsible for Information (AMRI) the two countries, ranked 106 and 178, respectively, on the
Vietnamese edible-insect startup closes series A funding
Vietnam’s Cricket One, which turns crickets in edible powder, has closed series A funding, according to AgFunder News. They haven’t disclosed how much funding they received but have said its seven figures.
Vietnam’s real estate woes could continue into 2024
Economist Le Xuan Nghia, has predicted that the real estate market turmoil in Vietnam may continue into the third quarter of next year, The Investor is reporting. The article goes on to say that prices are rising because of low-supply which is a result of challenges accessing capital for real
US$31 million budgeted for EVN spin-off to ensure stable electricity supply
The National Power System Dispatch Centre (NPSDC), which used to be a part of the state power provider Electricity Vietnam (EVN), has been spun off into its own entity and will have a budget of VND 776 billion (US$31 million), Tuoi Tre is reporting. For context: The NPSDC copped a
Vietnamese tech giant US IPO delayed
Vietnam’s once-tech-unicorn VNG has announced that it will postpone its IPO in the US possibly until next year, VN Express is reporting. ‘Unfavourable conditions’ have seen VNG reassess its situation, according to the publication. For context: This is yet another in a series of on-again-off-again IPO announcements from VNG dating
More on the US$411 million of treasury bonds issued last week
The Investor is carrying an article with interviews with several economists regarding the US$411 million treasury bond issuance last week. Can Van Luc, chief economist at state-controlled bank BIDV, said it was normal to keep interbank interest rates at appropriate levels. Le Xuan Nghia, a member of the National Financial
Vietnam GDP growth forecast lowered to 5.8 percent: ADB
The Asian Development Bank lowered its forecast for Vietnam for 2023 to 5.8 percent from 6 percent which it forecast earlier in the year in its Asian Development Outlook September 2023, The Investor is reporting. Key reasons for the downgrade listed in the report include Vietnam’s manufacturing output shrinking by
Interest rates on real estate bonds climb on weak consumer sentiment
The average interest rate on real estate bonds last year was 9.76 percent but this has climbed to 13.16 percent as real estate firms struggle to raise capital, according to Tuoi Tre is reporting. Quang Khanh Tran, the general director of Viet An Hoa Real Estate Investment, told the publication
Social media blamed for decrease in newspaper revenue in Vietnam
Domestic media outlets are receiving only about half of the US$4 billion in revenue Vietnam’s media market makes and it’s because of competition from cross-border digital service providers, like social media, according to the Press Department and reported in Doanh Nhan Saigon. This is prpobably true in that social media
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