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Vietnam applying drastic solutions to upgrade its stock market

The Vietnamese stock market is still on the watchlist for a possible upgrade from the Frontier to Secondary Emerging Market status, according to FTSE Russell due to its inability to satisfy all 9 upgrading criteria.

Cash flows likely to return to market as sentiment improves

Experts believe that investor sentiment will improve this week, leading to the return of cash flows.

State Audit recommends speeding up handling of weak banks

The State Audit of Vietnam (SAV) has recommended the State Bank of Vietnam (SBV) coordinate with agencies to urgently speed up the compulsory transfer of poor-performing banks OceanBank, GPBank, CBBank and DongA Bank.

Infrastructure construction enterprises face cash shortage

Numerous enterprises engaged in capital-intensive sectors like infrastructure construction are facing challenging situations with limited cash resources.

Gold hits one of the highest marks in recent memory

A surge in global prices has driven gold to historic heights in the domestic market, with SJC gold bars and 9999 gold rings reaching the highest price since the beginning of the year.

Worst is over for garment, footwear exports, growth next year

Statistics of the General Department of Customs showed that the export of garments fell by 12.9% to US$27.7 billion in the first ten months of this year, and that of footwear by 18.3% to US$16.4 billion.

Vietnam's year-end auto market still sluggish

The automobile market at the end of this year is not looking very bright as people’s purchasing power has shrunk.

Global movements set scene for 2024’s export orientation

Vietnam’s export landscape is clamouring for momentum with global demand recovering and new targets already set for next year.

Several sectors expect to miss 2023 targets

The Vietnamese economy saw $10.8 billion from the export of timber and wood products in the first 10 months of 2023, down nearly 20 per cent on-year.

Son of Tan Hoang Minh Chairman accused of having suggested bond issuance

Do Hoang Viet, son of Do Anh Dung, Chairman of the Board of Directors of Tan Hoang Minh, is alleged to have suggested the issuance of bonds as a means to commence the misappropriation of trillions of Vietnamese dong from investors.

Quang Ninh plans US$2-billion resort complex

The northern province of Quang Ninh has asked the prime minister for approval of a US$2-billion project to build a world-class resort complex in Van Don.

Agriculture sector responds to climate change with green development

Bracing for the significant impact of climate change, Vietnam’s agriculture sector has identified the need to respond promptly and enhance growth quality by applying ecological, organic, circular farming methods that results in low carbon emissions.

DongA Bank put under special control until compulsory transfer

After many years of decline, DongA Bank in 2022 had outstanding loans equal to 102 percent of the year’s plan, mobilized capital equal to 98 percent of the plan, and saw  deposits rise by 11 percent over the beginning of the year.

Vietnam’s rice prices hit new peak, global supply plummets

Vietnam’s five percent broken rice export prices continue to increase, hitting the new high of $663 per ton. The global rice supply is predicted to fall by 3.6 million tons next year over the previous crop.

Only 27% of organisations in Vietnam fully prepared to deploy AI

Only 27% of organisations in Vietnam are fully prepared to deploy and leverage Artificial Intelligence (AI)-powered technologies, according to Cisco’s inaugural AI Readiness Index released this week.

Vietnam targets 6-6.5% GDP growth in 2024: NA resolution

Vietnam targets 6-6.5% growth in gross domestic product (GDP) and 4,700-4,730 USD in per capita income in 2024, according to a newly-approved National Assembly (NA) resolution.

New circular aims to improve stock market transparency

The Ministry of Finance has issued a new circular which aims to improve stock market transparency in Vietnam. ​

Made-in-Vietnam garment products exported to 104 markets

Vietnam's garment and textile industry sets the goal for export revenue at $44 billion in 2024.

Supportive policies needed for EV charging infrastructure

EV charging infrastructure in Vietnam has been slow.

Banks cut collateral selling prices amid few buyers

The selling prices of many assets that banks have foreclosed on because borrowers cannot pay debts have been lowered, but many assets remain unsold.