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.
🇻🇳 National Assembly to pass 9 new laws over the next 22 days
Vietnam’s National Assembly is currently sitting and is expected to pass nine laws over the next 22 sitting days, The Investor is reporting. Legislation to be passed: Amended Land Law; Amended Law on Real Estate Business; the Amended Housing Law; the amended Law on Water Resources; the Amended Law on
Is Vietnam’s stock exchange losing its appeal to foreign investors?
Foreign traders withdrew VND 11.46 trillion (US$467 million) from the Ho Chi Minh Stock Exchange in the first nine months of this year, Vietnam News is reporting. The article notes that there are 40,200 foreign individuals and 4,506 foreign institutions with accounts for a total of 44,700 accounts belonging to
Japan’s AEON Group drops US$175 million on Vietnam financial services company
SeABank has sold Post and Telecommunications Finance Company Limited (PTF), one of Vietnam’s first non-bank credit institutions, to AEON Financial Services, for VND 4.3 trillion (US$175.2 million), Vietnam News is reporting. PTF was sold to SeABank by VNPT in 2018 for 710 billion VND (US$29 million).
Vietnam’s Bamboo Airways “a bizarre mess of an airline”
In a frank assessment of Bamboo Airways, Ben Schlappig, the founder of the One Mile At A Time travel blog, dubbs the airline a “bizarre mess” after it ditched its long-haul flight roster. He goes on to say its growth plans ‘made no sense’ to begin with and raises concerns
Japan wine distributor enters Vietnam market
Enoteca, a wine distributor from Japan, has officially registered a subsidiary in Vietnam, Vino Joy News is reporting. Details on their market entry plans are limited, however, Vina Joy notes that the company intends to operate in both the retail and wholesale spaces. Good wine is becoming increasingly popular in
VN-Index 🡅 20.18 points (1,108.03) at close, October 20
After a week spent on a downward slope the VN-Index has seen its fortunes turn around finishing the week at 1,108.03 points, a 1.86 percent improvement on yesterday, according to HOSE data. Foreign investor trades on HOSE October 16 to 20 Buy Sell Change Date VND US$ VND US$ VND
Vietnam requests financing support for infrastructure projects from Saudi Arabia
The Vietnamese PM, in Saudi Arabia for the ASEAN-Gulf Cooperation Council Summit, has requested the wealthy middle east country lend Vietnam funds to build new infrastructure projects including railways and urban infrastructure, VN Express is reporting. Why it matters: This is inline with Vietnam earlier this week requesting funds from
VN-Index 🡇 33.8 points (1,087.85) at close, October 19
The VN-Index has fallen again for its fourth straight session finishing the day at 1,087.85 points, 1.41 percent below yesterday’s close, according to HOSE data. Of note, however, is that for a second day in a row, foreign traders have bucked the trend by net-buying US$11 million worth of stocks.
IMF forecasts GDP growth for Vietnam of 4.7 percent, 2023
In its Fall 2023 Regional Economic Outlook: Asia and Pacific report the IMF has forecast GDP growth of 4.7 percent for Vietnam in 2023 and 5.8 percent in 2024, Vietnam News is reporting. It goes on to cite the report as finding that Vietnam’s measures to contain inflation have been
Taiwan electronics maker to build new factory in central Vietnam
Foxlink International is set to build a US$135 million factory to produce touch pens, wireless earphones, battery packs, charging stations, and printed circuit boards Danang in central Vietnam, The Investor is reporting. When it’s completed the factory will cover 11.35 hectares and employ 2,000 people.
🇻🇳 Dong-stabilising t-bills set to start maturing today, next steps unclear
US$409 million worth of treasury bills issued by the State Bank of Vietnam in September as a means to stymie the devaluation of the dong are set to mature today, VN Express is reporting. Why it matters: The SBV has issued nearly US$10 billion worth of T-bills since September 21
A new oil refinery slated for central Vietnam has officially been canned
An investment certificate granted in 2007 for a new oil refinery in Vietnam’s Phu Yen province has been rescinded 16 years later after the investors decided not to go ahead with the project, The Investor is reporting. It is not clear why the investors pulled out, however, the two firms
🇻🇳 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
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