Fourkites supply chain

In addition to major players such as Siemens, Adidas and Bosch, small- and medium-sized German enterprises have discovered Vietnam as a promising market for investment. Prof. Andreas Stoffers - Country director, Freidrich Naumann Foundation Vietnam More than four-fifths of German investment projects are in the industrial, software, and telecommunications sectors. As a growing middle-income country, Vietnam is hungry for energy. German technology leads the world in renewable energy, smart grids, and green buildings. The most important question, however, remains the financing of joint projects. Participating in tenders in Vietnam is not always easy. However, opportunities are opening up for the German economy, especially with international donor organisations and with the ratification of the EU-Vietnam Free Trade Agreement (EVFTA). The good relations were intensified once again with the Hanoi Declaration, which was inked in 2011. In this agreement, both countries … [Read more...] about Evaluating German-Vietnamese economic relations

Hopes for improvements in market demand and new orders, alongside confidence that the Covid-19 pandemic will remain under control, supported optimism in production prospects for the coming year. Vietnam’s manufacturing purchasing managers’ index (PMI) registered 52.5 in September, a fraction lower than 52.7 in August but still pointing to a solid improvement in business conditions across the sector. Operating conditions have now strengthened in each of the past 12 months, according to S&P Global. “The Vietnamese manufacturing sector continued to tick along nicely at the end of the third quarter, with the PMI having signaled overall expansion throughout the past year. A much more benign price and supply environment is providing support, while demand also improved again in September,” said Andrew Harker, economics director at S&P Global. "There were some tentative signs of new order growth slowing, particularly regarding exports. This was a factor in … [Read more...] about Vietnam’s manufacturing conditions improve for 12 consecutive months

Monthly rainfall is expected at 115% of the long-term average, Mrutyunjay Mohapatra, director general of the India Meteorological Department, told a virtual news conference. Heavy rains in October could damage ripening crops such as rice, pulses, cotton and soybeans, and may delay wheat planting in parts of India, the world's leading producer of an array of farm goods. Scant rain in eastern and northern India in the first half of the June-September monsoon season had already hit rice planting, forcing the government to cut output estimates and restrict exports to ensure adequate supplies for the country's 1.4 billion people. The curbs came on the heels of a ban on overseas sales of wheat after a sudden rise in temperatures in March and April shrivelled the crop. Although monsoon rains were patchy in Bihar, Jharkhand, Uttar Pradesh and parts of West Bengal - some of India's major rice-producing states - overall summer rains were 6% higher than average during the four-month … [Read more...] about Forecast of heavy rains in October raises concern about India’s rice, wheat crops

New supply quadrupled to 450 units in six projects, 86% of them in Thu Duc City, it said in a note. The west and south of the city accounted for the remaining 14%. Cushman & Wakefield estimates supply of townhouses in the city to reach 9,500 units mainly in the east and west. Notable projects under implementation include Global City, Solina Khang Dien and Zeitgeist Nha Be. Savills Vietnam said in August that HCMC villa prices had doubled since 2018. Nguyen Mac Hoai Nam, CEO of Nam Phat Consultancy, said villa prices are soaring along with cost of land and construction materials. But the number of transactions is low since the prices make it a niche market. Cushman & Wakefield data shows that only 60% of the 450 townhouses launched in the third quarter of this year were sold as banks ran out of credit quotas. … [Read more...] about Townhouse prices double in HCMC

On the Ho Chi Minh Stock Exchange, LEC rose from VND7,000 -14,550 ($0.29-0.61) by month-end though there was otherwise a sell-off by both domestic and foreign investors. But trading volumes in LEC were tiny, ranging between 4,000 and 25,000 shares a day. Pham Ngoc Binh, a member of the company’s board of directors, wrote to HoSE to claim the rise was attributable merely to supply and demand. In the first half of the year, sales halved from a year earlier to VND110 billion and profits were less than VND200 million. LEC listed in 2017, and has a market capitalization of around VND250 billion. The Da Nang company is in real estate and construction and has 88 employees. … [Read more...] about Realty company stock price doubles in 2 weeks

The index closed 45.7 points lower after gaining 6 points on Friday. It is now hovering around the level recorded in February 2021. Trading on the Ho Chi Minh Stock Exchange (HoSE) fell by 32.7% to VND11.53 trillion ($482.26 million). The VN-30 basket, comprising the 30 largest capped stocks, saw 29 tickers dropped. 11 of them hit floor prices. The biggest losers were KDH of real estate firm Khang Dien House, BID of state-owned lender BIDV, and BVH of insurance company Bao Viet Holdings, falling by around 7%. Other declining tickers were CTG of state-owned lender VietinBank, GVR of Vietnam Rubber Group and MWG of electronics retail chain Mobile World. VIC of biggest private conglomerate Vingroup was the only blue chip that gained 0.9%. Foreign investors were net sellers to the tune of VND531 billion, mainly selling HPG of steelmaker Hoa Phat Group and STB of Ho Chi Minh City-based lender Sacombank. The HNX-Index at the Hanoi Stock Exchange, where mid and small caps … [Read more...] about VN-Index posts biggest dive in 3 months stock

A group of men in Ta Ca Commune of Ky Son remove a trunk section of a large tree broken during the flash flooding of a house on Monday. Heavy rains triggered by the aftermath of Storm Noru had caused floods in central Nghe An Province since last Thursday before flash floods attacked Ky Son District on Sunday. A corner of Ta Ca Commune on the morning of Monday when the rains finally stopped. Vi Nhu Cuong, a commune official, said flash floods hit the commune in different waves on Sunday, and that the strongest one appeared at 2 p.m. At some point the "floods came so quick that one could not imagine, raising the water level by more than one minute within just 10 minutes," he said. Lu Van Tuan in Ta Ca Commune collects his family’s belongings from under the mud. A woman and her daughter remove mud from cooking utensils at a stream near their home. Lo Van Son stands at what used … [Read more...] about Cleanup starts after houses buried by flash floods, mud