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Stay updated with the latest news and articles about vietnam.

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VPS securities dominates Vietnam’s HNX and UPCoM brokerage market

Vietnam ·

On the UPCoM front, VPS Securities not only retained its dominance but also expanded its market share by an impressive 2.61 percentage points, reaching a commanding 30.77 percent. The UPCoM rankings have also seen significant adjustments; Vietnam Construction Securities JSC and MB Securities JSC both moved up one rank, while VNDirect Securities Corporation fell two spots to fifth. Hồ Chí Minh City Securities Corporation (HSC) experienced a minor decline, losing 0.48 percent in market share and dropping one rank.

By Ishita Agarwal
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Vietnam launches first integrated petrochemical complex

Vietnam ·

The complex, strategically located, aims to produce a wide range of petrochemical products, including polyethylene, polypropylene, and other essential chemicals used in various industries. By leveraging advanced technology and efficient production processes, the facility is set to meet both domestic demand and export requirements, significantly bolstering Vietnam's position in the global petrochemical market.

By Ishita Agarwal
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IMF projects Vietnam’s economic growth at 6.1% for 2024

Vietnam ·

The IMF's report highlights several key factors contributing to this growth. Vietnam's competitive labor costs, strategic geographic location, and commitment to reforming its economic policies make it an attractive destination for international businesses. The country has successfully positioned itself as a manufacturing hub, particularly in electronics and textiles, benefiting from shifting supply chains as companies seek alternatives to China.

By Ishita Agarwal
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Trade offices essential in safeguarding Vietnamese exports

Vietnam ·

In recent years, Vietnam has emerged as a significant player in global trade, benefiting from competitive labor and production costs. However, the number of trade defense cases against Vietnamese exports has surged, with 39 cases recorded in 2020 alone, compared to only 50 cases from 2001 to 2011. Since 2001, a total of 257 cases have been documented, including 141 anti-dumping investigations, 37 anti-circumvention cases, and 27 anti-subsidy investigations.

By Ishita Agarwal
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Vietnam’s Pangasius fish maws find favor in China

Vietnam ·

The rising popularity of value-added pangasius products, such as dried fish maws and fish skin snacks, is a response to growing demand from consumers. Currently, 12 Vietnamese companies supply these products to the Chinese market, where fish maw is not only regarded as a delicacy but also as a symbol of prosperity and success. VASEP notes that the product is often gifted during important events in China.

By Ishita Agarwal
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Vietnam’s innovation day: a catalyst for economic growth

Vietnam ·

Vietnam's innovation landscape has expanded impressively, with around 4,000 start-ups, 208 investment funds, and numerous incubators and creative centers. The country ranks 56th globally in the start-up ecosystem and 44th in the Global Innovation Index for 2024. These achievements reflect a growing recognition of innovation’s impact on national development.

By Ishita Agarwal
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Vietnam’s economic recovery gains momentum amid challenges

Vietnam ·

The manufacturing sector is rebounding strongly, showing resilience after last year’s difficulties. Purchasing Managers' Index (PMI) data reveals five consecutive months of expansion, with industrial production notably improving in textiles and footwear. This resurgence has led to double-digit export growth, driven by broader market access for Vietnamese agricultural products.

By Ishita Agarwal
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Vietnamese firms poised to benefit from global rubber supply shortage

Vietnam ·

This price increase is expected to enhance revenues for companies in the rubber sector, notably the Vietnam Rubber Group. According to MB Securities, the average price for the group’s rubber is projected to reach VNĐ36.8 million per tonne in 2024, a 14% increase compared to this year. Total consumption is estimated at around 500,000 tonnes, contributing to a revenue projection of VNĐ18.35 trillion ($716.8 million), up 9% from 2023.

By Ishita Agarwal

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