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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.
Experts believe that investor sentiment will improve this week, leading to the return of cash flows.
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.
Numerous enterprises engaged in capital-intensive sectors like infrastructure construction are facing challenging situations with limited cash resources.
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.
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.
The automobile market at the end of this year is not looking very bright as people’s purchasing power has shrunk.
Vietnam’s export landscape is clamouring for momentum with global demand recovering and new targets already set for next year.
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.
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.
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.
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.
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 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 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% 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.
The Ministry of Finance has issued a new circular which aims to improve stock market transparency in Vietnam.
Vietnam's garment and textile industry sets the goal for export revenue at $44 billion in 2024.
EV charging infrastructure in Vietnam has been slow.
The selling prices of many assets that banks have foreclosed on because borrowers cannot pay debts have been lowered, but many assets remain unsold.