Vietnamese dong value increase

The Government’s active stance to address macro challenges would fuel the stock market development in 2023. The benchmark Vn-Index is forecast to expand by 15% at the end of 2023 to hit 1,160 following a turbulent year for the stock market, according to SSI Securities Corporation (SSI). Investor at a securities company in Hanoi. Photo: Pham Hung The Vn-Index from its peak of 1,530 in early 2022 plummeted to a low of 874 in mid-November, a downturn which experts attributed to major events, such as the Russia-Ukraine conflict, arrests of business executives for market manipulation, and the Government’s tightening credit into high-risk fields. As of late 2022, however, the market’s price-to-earnings (P/E) ratio was considered quite attractive with an estimated 9.2x, 35% lower than the average rate of 14.16x during the 2009-2022 period. SSI’s latest report also pointed out another positive factor in the expectation of a more stable value of the Vietnamese Dong … [Read more...] about Vn-Index set for steady growth in 2023

Vo Tri Thanh *Vo Tri Thanh Viet Nam achieved and exceeded 14 out of 15 targets assigned by the National Assembly for 2022 with many impressive numbers including GDP growth, export turnover and the number of newly-established and re-opened businesses. Only labour productivity was under expectations. Viet Nam’s labour productivity was expected to increase by between 4.7 per cent and 5.2 per cent on average in 2022, higher than the average growth rate of 4.7 per cent in 2021 but behind the target of 5.6 per cent set for the whole of 2022. On January 10 this year, the Government issued Resolution No 06/NQ-CP on the development of a modern, efficient, sustainable and integrated labour market serving quick socio-economic recovery, setting the average labour productivity target for 2023 at more than 6.5 per cent. Labour productivity is an important economic indicator that is closely linked to economic growth, competitiveness and living standards within an economy. According to … [Read more...] about Viet Nam wrestles with labour productivity issue when heading to innovation-based development

A tomato farm in Don Duong district, Lam Dong province, joining the platform of Koina (Photo courtesy of Koina) HCM City (VNA) – VinaCapital Ventures, a technology-focused venture capital fund of the Ho Chi Minh City-based VinaCaptial Group , has announced an investment of 1 million USD into Koina, an agritech startup founded in Vietnam. The investment from VinaCapital Ventures is part of Koina’s seed fundraising round. Koina, established in 2021, aims to build a large and efficient agricultural ecosystem in Vietnam by connecting farmers with financial organisations, suppliers, and retailers. Its “Farmer Platform” is intended to help farmers access loans, publicise prices, and give guidance on good agricultural practices. Thi Nguyen, co-founder and Chairman of Koina, said the funding from VinaCapital Ventures will help his firm expand sales channels and increase investment in technology to control quality and boost the value of agricultural products of Vietnam. … [Read more...] about VinaCapital Ventures pours 1 million USD into agritech startup