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Vietnam coffee exports to fall on smaller crops, higher local demand

Vietnamese farmers are cutting down coffee plants and growing durians and avocados instead, and this, alongside growing local demand for coffee, may see Vietnam’s coffee exports decline, according to Ha Nam, deputy chairman of the Vietnam Coffee Cocoa Association, Bloomberg is reporting.

See also: Snapshot: Vietnam’s Coffee Industry, October 2023

Coffee is one of Vietnam’s biggest exports but it is also very popular in Vietnam which has its own unique coffee culture. A myriad of big coffee chains have established themselves in the burgeoning Southeast Asian nation–Starbucks for example has over 100 stores. That is not to say it is easy for foreign coffee chains to compete with homegrown coffee houses.

See also: How to Open a Cafe in Vietnam: Ultimate Guide 2023

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Vietnamese consumer bank deposits continue to climb

October 3, 2024

Of note, over the last two years in the wake of a broader economic downturn brought on by higher interest rates in key export markets and the near-collapse of Vietnam’s real estate market, everyday Vietnamese have turned to saving rather than spending their excess income. This is problematic in that local consumption has been an important growth driver over the last decade or so. Retail sales, month on month, however,  have been more or less stagnant since the beginning of the year. This latest data from the SBV suggests this could last a while longer…

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Vietnam to self-fund high-speed rail, avoid ‘strings attached’ foreign loans

October 3, 2024

Notably, debt-diplomacy has become common in recent years particularly in developing nations and given Vietnam’s precarious position in the world in terms of geopolitics, a reluctance to be indebted to external creditors is understandable. That said, this is a huge and very expensive project that really needs to be done right and Vietnam has no existing high-speed rail and therefore no experience installing and using the technology to speak of.

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PetroVietnam Gas Corporation: Vietnam Stock Overview

October 3, 2024

Amid declining domestic natural gas production, imported LNG is slated to play a crucial role as a long-term alternative energy source. Currently, GAS is the first and only enterprise in Vietnam authorized to officially distribute LNG. GAS is involved in several key LNG projects, including the Thi Vai and Son MY LNG port warehouse and the Block B – O Mon gas pipeline projects…

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Vietnam gold ring prices reach all-time highs despite C.bank intervention

October 2, 2024

The gold price in Vietnam is more often than not much higher than it is in the rest of the world. In fact, in 2023, at its peak, the price of a gold bar in Vietnam was around 20 percent higher owing to a number of factors including huge demand and limited supply, the latter due to regulations that restrict gold imports and exports and gold bar production.

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VietinBank: Vietnam Stock Overview

October 2, 2024

Non-interest income fell by 12.6 percent to US$333.2 million, driven by a drop in bancassurance operations, in line with a broader decline in bancassurance revenue following negative publicity in 2023. In addition, securities trading revenue decreased 72.6 percent in contrast to the VN Index which increased by 10.2 percent and other financial institutions like MB Bank which had an eightfold increase in securities revenue year-over-year…

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