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Middle-cap stocks Vietnam's best in 2023
Small and middle-cap stocks outperformed blue chips in Vietnam's 2023 market, with Vietnam Southern Food Corporation's VSF soaring eightfold.
Luxury brand reps nearly triple Vietnam profits
Vietnam’s distributors of luxury brands such as Louis Vuitton, Chanel, Dior and Hermes posted VND3.8 trillion ($156.57 million) in 2022 profits, up 270% year-on-year, according to latest data from a market research company.
Foreign investors divest $1B in Ho Chi Minh bourse in 2023
Foreign investors pulled VND24.8 trillion (US$1 billion) out of the Ho Chi Minh Stock Exchange in 2023 and shifted it mostly to developed markets, according to analysts.
January 2, 2024 | 06:54 pm PT
South Korean brands dominate high-clearance subcompact CUV segment
Three new subcompact crossovers (CUVs) by South Korean carmakers Hyundai and Kia outsold the combined total of the top six Japanese models in the same segment in the past 11 months.
December 31, 2023 | 03:05 pm PT
Banking industry breaks three-year profit growth streak
After three years of growing profits, the banking industry is reporting a decline this year, primarily due to bad debts and the economy's flagging ability to utilize capital.
December 29, 2023 | 05:54 pm PT
Vietnam receives $190B in remittances over 30 years
Remittances to Vietnam totaled $190 billion from 1993 to 2022, nearly the same as disbursed foreign direct investment in the same period.
December 29, 2023 | 03:00 am PT
Domestic air travel to drop in 2024
The number of domestic air passengers is expected to decrease 8% next year, primarily due to airlines eliminating routes with low demand and the likelihood of increased ticket prices driven by escalating fuel costs.
December 22, 2023 | 08:33 pm PT
HCMC apartments least affordable in Southeast Asia: survey
Ho Chi Minh City ranks first in Southeast Asia in terms of property price-to-income ratio, showing that its apartments are least affordable in the region, latest data shows.
December 19, 2023 | 05:00 pm PT
Corporate bond repayment pressure increases in December
Some VND20.2 trillion (US$841.6 million) worth of corporate bonds are due for redemption in December, while next year hundreds of trillions worth are set to mature.
December 17, 2023 | 07:38 pm PT
Why foreigners dumped Vietnamese stocks in 2023
Foreign portfolio investors have been selling Vietnamese stocks this year and taking their money to developed markets, according to analysts.
December 17, 2023 | 07:27 pm PT
Recent uptick in car sales fails to reverse year-to-date decline
Auto sales rose for the third month in a row in November but sales still plunged double-digit year-on-year in the first 11 months.
December 16, 2023 | 04:49 pm PT
One-third of workers to quit if work-life balance compromised: survey
More than 35% of workers in Vietnam said they would quit if their job disrupts their work-life balance, according to a recent survey.
December 13, 2023 | 05:12 pm PT
Thai billionaire’s firm fetches $383M from Sabeco dividends over 6 years
Thai billionaire Charoen Sirivadhanabhakdi’s company has received a total of VND9.3 trillion ($383 million) in cash dividends from brewer Sabeco since its acquisition of the company in 2017.
December 7, 2023 | 02:55 pm PT
Foreign investors dump Mobile World as sales tumble
Foreign investors have been net selling MWG shares of electronics retail chain Mobile World for the last six months as the company’s earnings drop amid declining demand.
December 4, 2023 | 11:30 pm PT
M&A market shrinks by 23%
Vietnam’s mergers and acquisitions market was 23% down year-on-year in the first 10 months to US$4.4 billion, but the average value of a deal went up.
November 28, 2023 | 10:52 pm PT
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