VN-Index extends five-session rally, albeit with declining liquidity (28/06/2023)
Shares extended their rallying streak on the Hồ Chí Minh Stock Exchange but liquidity decreased significantly, showing investors’ caution ahead of the closing of Q2 net asset value of funds this week.
Shares extended their rallying streak on the Hồ Chí Minh Stock Exchange but liquidity decreased significantly, showing investors’ caution ahead of the closing of Q2 net asset value of funds this week.
Exchange rate forecast to remain stable in second half of 2023 (27/06/2023)
According to experts of Yuanta Vietnam Securities Company, the USD/VND exchange rate from the beginning of 2023 fluctuated around a range of +/- 1.9% at 23,240 - 23,630 VND per dollar, much more stable than in 2022 when the rate sometimes peaked at 24,692 VND per dollar, up 4.2% against the State Bank of Vietnam (SBV)’s reference exchange rate.
According to experts of Yuanta Vietnam Securities Company, the USD/VND exchange rate from the beginning of 2023 fluctuated around a range of +/- 1.9% at 23,240 - 23,630 VND per dollar, much more stable than in 2022 when the rate sometimes peaked at 24,692 VND per dollar, up 4.2% against the State Bank of Vietnam (SBV)’s reference exchange rate.
Members determined to smooth CPTPP path for UK (27/06/2023)
Vietnam continues to back up Britain’s entry into a major trade pact, although the exact benefits for members are yet to be fully understood.
Vietnam continues to back up Britain’s entry into a major trade pact, although the exact benefits for members are yet to be fully understood.
Belt Road No. 3 Project to officially start (27/06/2023)
The ambitious Belt Road No. 3 Project in Ho Chi Minh City will officially open for construction on 18 June and it is hoped that along with the people of Ho Chi Minh City, other neighboring provinces will also benefit from this breakthrough infrastructure which has been 12 years in the planning.
The ambitious Belt Road No. 3 Project in Ho Chi Minh City will officially open for construction on 18 June and it is hoped that along with the people of Ho Chi Minh City, other neighboring provinces will also benefit from this breakthrough infrastructure which has been 12 years in the planning.
Pharmacy firms prosper, attract foreign investors (27/06/2023)
The second largest pharmacy firm coveted by many foreign investors is planning a big dividend payment campaign.
The second largest pharmacy firm coveted by many foreign investors is planning a big dividend payment campaign.
Việt Nam remains ideal destination for global giants (27/06/2023)
Despite a decline in global investment flows, Việt Nam remained an attractive destination for foreign companies, especially large-scale ones, experts have said.
Despite a decline in global investment flows, Việt Nam remained an attractive destination for foreign companies, especially large-scale ones, experts have said.
Vietnam’s huge trade deficit with S.Korea remains positive: official (27/06/2023)
Vietnam’s maintenance of a large trade deficit with South Korea bears a positive meaning as the Southeast Asian country has mainly imported machinery and materials for local production, said an official from the Vietnamese Ministry of Industry and Trade.
Vietnam’s maintenance of a large trade deficit with South Korea bears a positive meaning as the Southeast Asian country has mainly imported machinery and materials for local production, said an official from the Vietnamese Ministry of Industry and Trade.
High logistics costs stymie Vietnam farm exports (27/06/2023)
High logistics costs have made Viet Nam’s agricultural exports less competitive than other countries’, especially that of Thailand, despite having many advantages, according to businesses.
High logistics costs have made Viet Nam’s agricultural exports less competitive than other countries’, especially that of Thailand, despite having many advantages, according to businesses.
Greater efforts needed to open up new opportunities in Vietnam-China trade (27/06/2023)
There remained big challenges in Vietnam’s exports to China, as the market has been and will continue to impose higher requirements on both export and import standards, said Tran Quang Huy, Director of the Ministry of Industry and Trade’s Asia-Africa Market Department.
There remained big challenges in Vietnam’s exports to China, as the market has been and will continue to impose higher requirements on both export and import standards, said Tran Quang Huy, Director of the Ministry of Industry and Trade’s Asia-Africa Market Department.
Export tariff on NPK fertilizer cut to 0% (27/06/2023)
The export tariff on DAP and NPK fertilizers will be cut to 0 per cent from July 15 to eliminate difficulties facing domestic production and business.
The export tariff on DAP and NPK fertilizers will be cut to 0 per cent from July 15 to eliminate difficulties facing domestic production and business.
Vietnam to host Int’l Federation of Freight Forwarders Association in July (27/06/2023)
The Vietnam Logistics Business Association (VLA) will host the 2023 Asia-Pacific Regional Annual Meeting of the International Federation of Freight Forwarders Associations (FIATA) and the mid-year meeting of the ASEAN Freight Forwarders Association (AFFA) in the central city of Da Nang from July 13 to 15.
The Vietnam Logistics Business Association (VLA) will host the 2023 Asia-Pacific Regional Annual Meeting of the International Federation of Freight Forwarders Associations (FIATA) and the mid-year meeting of the ASEAN Freight Forwarders Association (AFFA) in the central city of Da Nang from July 13 to 15.
Computers lead in export revenue in year to mid-June (26/06/2023)
Vietnam’s export revenue from computers, electronic products, and components had reached US$23 billion as of June 15, making it the highest-earning export category for the country.
Vietnam’s export revenue from computers, electronic products, and components had reached US$23 billion as of June 15, making it the highest-earning export category for the country.
Fertilizer exports decrease (26/06/2023)
Vietnam shipped abroad 692,259 tonnes of fertilizers in the first five months of this year for more than $289 million, down 8.9% in volume and 42.2% in value over the same period in 2022, reported the Vietnam Customs.
Vietnam shipped abroad 692,259 tonnes of fertilizers in the first five months of this year for more than $289 million, down 8.9% in volume and 42.2% in value over the same period in 2022, reported the Vietnam Customs.
Standard Chartered forecasts VN’s 2030 export revenue to reach US$620 billion (26/06/2023)
Vietnam is poised to become a major driver of global trade growth, with its export revenue projected to reach US$618 billion by 2030, according to a report by Standard Chartered titled “Future of Trade: New opportunities in high-growth corridors.”
Vietnam is poised to become a major driver of global trade growth, with its export revenue projected to reach US$618 billion by 2030, according to a report by Standard Chartered titled “Future of Trade: New opportunities in high-growth corridors.”
Vietnam’s coffee exports eyes over 4 billion USD in 2023 (26/06/2023)
Thanks to a trend of hiking in coffee prices, experts have predicted that this year’s coffee export revenue may exceed last year’s record of 4 billion USD.
Thanks to a trend of hiking in coffee prices, experts have predicted that this year’s coffee export revenue may exceed last year’s record of 4 billion USD.
Food industry faces challenges but remains competitive (26/06/2023)
Faced with increased competition at home and stringent export requirements, food companies can remain competitive only by improving quality and production methods, experts have said.
Faced with increased competition at home and stringent export requirements, food companies can remain competitive only by improving quality and production methods, experts have said.
Vietnam, Netherlands tighten cooperation in climate change adaptation (26/06/2023)
Deputy Prime Minister Tran Hong Ha will co-chair the 8th meeting of the Vietnam-Netherlands Intergovernmental Committee on Climate Change Adaptation and Water Management slated for June 25-27 in The Hague.
Deputy Prime Minister Tran Hong Ha will co-chair the 8th meeting of the Vietnam-Netherlands Intergovernmental Committee on Climate Change Adaptation and Water Management slated for June 25-27 in The Hague.
Vietnam, RoK exchange 17 cooperation documents (26/06/2023)
President Vo Van Thuong and his visiting counterpart from the Republic of Korea (RoK) Yoon Suk Yeol witnessed the exchange of 17 cooperation documents across fields between agencies of the two countries after their talks in Hanoi on June 23.
President Vo Van Thuong and his visiting counterpart from the Republic of Korea (RoK) Yoon Suk Yeol witnessed the exchange of 17 cooperation documents across fields between agencies of the two countries after their talks in Hanoi on June 23.
South Korean giants to pour billions of dollars into Vietnam (26/06/2023)
More than 100 MoUs were signed by South Korean and Vietnamese businesses at the Vietnam-South Korea Business Forum on June 23.
More than 100 MoUs were signed by South Korean and Vietnamese businesses at the Vietnam-South Korea Business Forum on June 23.
China remains Vietnam’s top pepper export market (23/06/2023)
Vietnam has exported 2,657 tonnes of pepper to the Chinese market as of mid-June. Exports to US and EU markets have dropped.
Vietnam has exported 2,657 tonnes of pepper to the Chinese market as of mid-June. Exports to US and EU markets have dropped.
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