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.
Power shortages in Vietnam possible up to 2050
A report produced for the National Assembly Standing Committee on energy development in Vietnam has found that the country could experience power shortages up to 2050, VN Express is reporting. The article notes this will be most problematic in the near term in the north, and that this will see
US firm opens new chip factory in northern Vietnam
American chip maker, Amkor Technology, has officially opened its newest, US$1.6 billion factory in Vietnam, The Investor is reporting. The factory will provide packaging and testing services to global semiconductor and electronics manufacturing firms. Why does it matter: the-shiv noted at the start of September that a White House fact
Vietnam’s biggest oil refinery is back in business after maintenance closure
Vietnam’s trouble-plagued Nghi Son refinery is set to restart operations after a weeks-long closure for maintenance work, Reuters is reporting. The refinery is looking down the barrel of a US$1 billion loss this year on the back of volatile prices, interest payments, and production delays due to maintenance. Why it
VN-Index up 7 points to 1,150.8 at close October 11
Large caps in the oil sector gained yesterday lifting the local bourse overall, Vietnam News is reporting. Foreign firms trading on the Ho Chi Minh City Stock Exchange, however, only slightly shifted their position net buying less that US$1 million worth of stocks. Foreign investor trades on HOSE October 11
Domestic gold price currently trading at US$606 over world gold price
Gold bars in Vietnam are trading at VND 69.7 million (US$$2,853), VND 12.8 million (US$606) higher than the world gold price of VND 54.8 million (US$2,243) per tael, VN Express is reporting. Why it matters: To alleviate pressure on the dong, the State Bank of Vietnam has been issuing treasury
Cross-border firms with local offices face stricter supervision, more red tape
Concerns have been raised that foreign cross-border service providers may be reluctant to open local offices in Vietnam due to the recent investigation of TikTok by the Ministry of Information and Communications (MIC), Vietnamnet is reporting. The article notes that the MIC has set out to assuage these concerns with
Results of AMRO Annual Consultation with Vietnam are imminent
The ASEAN+3 Macroeconomic Research Office has pre-empted the release of its annual consultation report with Vietnam with this press release. Key takeaways: Vietnam’s economic growth in the near term remains fragile; The rate at which Vietnam’s population is ageing could weigh on medium-to-long-term growth potential; A drop in liquidity in
VN-Index up 6 points to 1,143.7 at close October 10
The VN-Index gained 6 points yesterday to close at 1,143.7, VN Express is reporting. Foreign firms, however, sold more than they bought, withdrawing US$11.6 million from the local bourse. Foreign investor trades on HOSE October 10 VND (billions) US$ Bought 865 35,425,470 Sold 1,149 47,056,491 Change -284 -11,631,021 Most popular
EU firms benefitting more than local firms from EVFTA
VN Express is carrying coverage of a government report on outcomes from the EVFTA, that has found an increase in Vietnam’s trade surplus with the bloc of 35 percent over 2021. It does, however, also point out that the bulk of that trade is being driven by European firms rather
Business confidence among Eurocham BCI survey respondents up
Eurocham has released its Business Confidence Index survey results from Q3 and it is showing a marginal improvement, arresting a steady decline since the start of the year, The Investor is reporting. The index recorded 45.1 points in Q3 up from 43.5 in Q2. Full report: Eurocham Business Confidence Index
Crunch-time approaching for Vietnam’s stock market status upgrade goal
The Investor is carrying an op-ed by Can Van Luc, chief economist at Hanoi-based BIDV bank, in which he points out that time is running out to make the reforms necessary to see the Ho Chi Minh City Stock Exchange (HoSE) upgrade to an ‘emerging market’ before 2025, the time
VN-Index inches up, closes out Monday at 1,137.36 points
The outbreak of violence in the Middle East has pushed global oil prices up and that’s seen oil and gas stocks on the Ho Chi Ming City Stock Exchange receive a boost, VN Express is reporting. That said, foreign investors largely withdrew from the market yesterday, pulling just over US$29
Consumer deposits in Vietnam banks continue to increase despite low-interest rates
At the end of July, consumer deposits in Vietnamese banks were up 8.93 percent over the end of 2022 reaching their highest level ever, Doanh Nhan Vietnam is reporting. This is despite deposit interest rates being on a downward trend. The publication says this is due to a lack of
US firm pays US$218 million to resolve bribery investigation in Vietnam, India, and Indonesia
US firm, the Albemarle Corporation, has agreed to pay US$218 million to settle claims that it paid bribes to secure tenders in Vietnam, Indonesia, and India, The Investor is reporting. In Vietnam, the chemical company paid above-market rates to a sales agent ‘who requested increased commissions to pay bribes to
Local coffee chain starts work on new coffee roasting factory in southern Vietnam
Cao Nguyen Coffee Service (AKA Highlands Coffee) is building a VND 500 billion (US$21 million) coffee roasting facility in southern Vietnam, The Investor is reporting. The coffee chain is among Vietnam’s biggest with 700 stores nationwide and 50 in the Philippines. This new factory will see greater vertical integration for
Vietnam firm’s renewable energy plan ‘defies logic’: The Investor
Local firm Tin Thanh Group’s claim, that it has acquired US$6.4 billion in funding for several renewable energy projects in Vietnam and US, ‘defies logic’ according to local media outlet The Investor. This article breaks down big announcements the Tin Thanh Group has made in the past that never came
AMRO revises Vietnam’s GDP growth forecast up from 4.4 percent to 4.7 percent
The ASEAN+3 Macroeconomic Research Office (AMRO) has revised Vietnam’s GDP growth forecast for this year from 4.4 percent to 4.7 percent, Vietnam Plus is reporting. This puts it in line with World Bank forecasts which were revised down last week from 6.3 percent forecast in April to 4.7 percent in
VN-Index closes out the week at 1,128.5 points
The VN-Index has finished the week at 1,128.5 points, slightly up on Thursday’s close, VN Express is reporting. Though an improvement this is still well below its September peak at just over 1,245 points. Foreign investor trades on HOSE October 6 VND (billions) US$ Bought 904 6,237,600 Sold 768 5,299,200
Results of Vietnam’s TikTok inspection announced
The Ministry of Information and Communications has announced the outcome of an investigation of TikTok’s practices in the country finding a number of breaches of Vietnamese law, VN Economy is reporting. Most of the breaches relate to the censoring of content on the platform and the removal of sensitive content.
Pushback on Vietnam bond market reforms resurfaces
The HCM City Real Estate Association (HoREA) has made overtures to the government to push back the effective date of reforms to the bond market due to take effect from January 1, 2024, Vietnam News is reporting. These reforms were outlined in Decree 65 and came into effect in September
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