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Vietnam’s biggest budget airline lifts foreign investor cap to 30 percent

Vietjet announced today that it would lift its foreign ownership cap to 30 percent, The Investor is reporting. Vietjet has been expanding aggressively in the last year or so and this move may be a means to attract more capital to expand even further. That said, by law a maximum of 34 percent of an airline in Vietnam can be owned by foreign investors.

See also: Vietnam’s Foreign Ownership Limits: Quick Guide 2023

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Vietnam shelves new coal power plant in southern Vietnam

Of note, it was announced at the beginning of June that Toyo had managed to secure a US$980 million loan from Exim Bank. This announcement, however, was met with some concern on account of the fact that Vietnam has signed up to a Just Energy Partnership Agreement worth US$15.5 billion to be used to reduce its dependence on coal…

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Vietnam CPI Tracker: 4.34 percent in June [data set]

Inflation has been relatively low in Vietnam compared to other parts of the world but this is largely due to government price controls. These lower prices, however, have come at a cost. Input prices, particularly in input dependent industries have risen, however, businesses in many industries have been unable to raise their pricing to compensate. As a result, many have seen their profit margins squeezed while others have had to run at a loss…

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Vietnam News Roundup: June 29 to July 4

This week’s Vietnam news roundup covers the latest tourism and industrial production numbers, the increase to the minimum wage that kicked in Monday, the new start dates for several key laws, approval of a Value-Added Tax reduction to the end of the year, foreign trader stock market transactions, and more…

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