Foreign investment capital continued to leave China in Q3 2024, despite Beijing’s economic stimulus measures. According to China’s State Administration of Foreign Exchange, in the third quarter, direct investment liabilities on China’s balance of payments decreased by $8.1 billion, totaling a near $13 billion drop in the first nine months of the year. “Direct investment [...]

According to experts, the exchange rate has increased again due to a recovery of the US dollar price in the international market and a slowdown in Việt Nam’s trade surplus. Goods are loaded for exports at a port in northern region. A slowdown in Việt Nam’s trade surplus was one of the temporary disadvantages for the [...]

Hanoi attracts $1.54 bln of FDI in 9M Phạm Long – The city licensed 197 new FDI projects. A view of Hanoi. Hanoi attracted $1.54 billion of FDI in the first nine months of the year, including 197 new projects totaling over $1.1 billion, figures from the city’s Statistics Office show. In September alone, the [...]

The Culture Push Government officials are discussing the proposed US$10.3 billion National Target Programme for Cultural Development. According to Việt Nam News, the program “will be implemented both at home and abroad, focusing on countries with long-standing cultural ties with Việt Nam and large Vietnamese communities.” It has two phases with detailed outputs: If approved, [...]

WHAT IS THE MINIMUM CONSECUTIVE PROFITABLE YEAR REQUIREMENT FOR A JOINT-STOCK COMPANY TO QUALIFY FOR AN INITIAL PUBLIC OFFERING? The offering of shares for the first time to the public by a joint stock company is regulated in the Securities Law 2019 to ensure transparency and efficiency in the stock market. In order to offer [...]

A flawed start, but still a start Good morning! Welcome to the latest edition of the Vietnam Weekly exclusively for paying subscribers, written by Ho Chi Minh City-based reporter Mike Tatarski. On to the news. Long-time Vietnam Weekly readers are aware of the infrastructure-heavy tilt the newsletter sometimes takes, though this particular edition wasn’t planned [...]