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.
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
Vietnam treasury bills raise relieve pressure on VND
The State Bank of Vietnam has announced that it issued treasury bills to the value of VND 10 trillion (US$411 million) yesterday, The Investor is reporting. The online publication says this is ‘related to exchange rate developments in recent days.’ Pressure has been mounting on the dong in recent months
AI, machine learning used to forecast petrol price in Vietnam?
Vietnam Petroleum Institute (VPI) a part pf PetroVietnam, is apparently using machine learning and AI to predict Vietnam’s petrol price, Vietnam Plus is reporting. Eds note: It’s unclear how or why this might be–petrol prices set by the Ministry of Industry and Trade and the Ministry of Finance based on
Brokerages benefiting a lot from Vietnam’s lower interest rates
The value of stocks in brokerages in Vietnam are through the roof as lower interest rates have drive retail invested to shift their funds from savings accounts to stocks, according to Bloomberg via Yahoo! Finance. This is also reflected in the VNIndex which is up 21 percent according to the
Vietnam Airlines’ Vietnamese pilots to receive a pay rise
A ‘salary fund’ has been approved for Vietnam Airlines that will be used to close the gap between local pilots and foreign pilots working for the national carrier. Currently, Vietnamese pilots are paid less than half of their foreign counterparts, Vietnam News is reporting. It’s not clear from the article
NA electricity report reflects general consensus on pricing mechanism
A National Assembly committee has put together a report on the adjustment mechanism of electricity prices in Vietnam finding that it is insufficient, according to The Investor. The article goes on to break down how electricity adjustments are made, however, the general gist is that it needs to be adjusted
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