https://www.vietecon.com/vietecon daily 1.0 2020-08-03 https://images.squarespace-cdn.com/content/v1/5c2a8c6789c1725fe2a58f09/1569442559785-LSEKM8Z774JNN24Z0CNG/chris-slupski-663299-unsplash.jpg VietEcon https://www.vietecon.com/vietecon/2020/8/3/the-end-of-an-era monthly 0.5 2020-08-03 https://www.vietecon.com/vietecon/2020/7/28/stocks-part-3 monthly 0.5 2020-07-28 https://images.squarespace-cdn.com/content/v1/5c2a8c6789c1725fe2a58f09/1595874981574-24HOPXPZ4OHT810OYI64/Stocks+ytd+performance+2.png VietEcon - Stocks part 3 Source: Vietstock.com, chart by Vietecon.com. July data through July 23. https://images.squarespace-cdn.com/content/v1/5c2a8c6789c1725fe2a58f09/1595875179978-A8E86R8BJYTCSWBIRQ8B/MSN+vs+MWG.png VietEcon - Stocks part 3 Source: Vietstock.com, chart by Vietecon.com https://www.vietecon.com/vietecon/2020/7/27/ugh-its-back monthly 0.5 2020-07-27 https://images.squarespace-cdn.com/content/v1/5c2a8c6789c1725fe2a58f09/1595877377879-7C4J5P6VQVEKVSGAPN26/Danang+tourists.png VietEcon - Ugh, it's back Source: VGP news. Chart by Vietecon.com https://www.vietecon.com/vietecon/2020/7/24/more-on-stocks-performance-year-to-date monthly 0.5 2020-07-24 https://images.squarespace-cdn.com/content/v1/5c2a8c6789c1725fe2a58f09/1595616396991-MAPT4HR386BEYZK1KVSH/Stocks+ytd+performance+1.png VietEcon - More on stocks' performance year-to-date Source: Vietstock.vn, chart by Vietecon.com https://images.squarespace-cdn.com/content/v1/5c2a8c6789c1725fe2a58f09/1595618207071-ZSH67IVD02DOSBTRQLBJ/HPG.png VietEcon - More on stocks' performance year-to-date Source: Investing.com, chart by Vietecon.com https://images.squarespace-cdn.com/content/v1/5c2a8c6789c1725fe2a58f09/1595620489220-731X24B4UXH788MXS1GU/HPG+results.png VietEcon - More on stocks' performance year-to-date Source: Vietstock.vn, chart by Vietecon.com https://www.vietecon.com/vietecon/2020/7/23/checking-in-on-the-stock-market monthly 0.5 2020-07-23 https://images.squarespace-cdn.com/content/v1/5c2a8c6789c1725fe2a58f09/1595528219539-G7EFQYK5V6Y3PD87RWR2/Stock+perfm+to+July+23+%28columns%29.png VietEcon - Checking in on the stock market Source: Vietstock.vn, investing.com, Bloomberg. Chart by Vietecon.com https://images.squarespace-cdn.com/content/v1/5c2a8c6789c1725fe2a58f09/1595528788651-G23AGIW2RK8U67Z4OI92/Stock+perfm+to+July+23+%28lines%29.png VietEcon - Checking in on the stock market Source: Vietstock.vn, investing.com, Bloomberg. Chart by Vietecon.com https://www.vietecon.com/vietecon/2020/7/9/how-to-evaluation-start-ups-the-case-of-wag monthly 0.5 2020-07-09 https://images.squarespace-cdn.com/content/v1/5c2a8c6789c1725fe2a58f09/1594324744491-QQS12TOYQ2MT83ZCG7OA/Number+of+pets.png VietEcon - How to evaluate start ups, the case of Wag American households with pet. Source: American Pet Products Association https://images.squarespace-cdn.com/content/v1/5c2a8c6789c1725fe2a58f09/1594324940114-41X7P1W21KG65LLG66F3/spend+per+pet.png VietEcon - How to evaluate start ups, the case of Wag Source: American Pet Products Association survey results https://images.squarespace-cdn.com/content/v1/5c2a8c6789c1725fe2a58f09/1594325465220-7977ELKJAFAN5RDJ0QV4/pet+spending.png VietEcon - How to evaluate start ups, the case of Wag Source: American Pet Products Association https://images.squarespace-cdn.com/content/v1/5c2a8c6789c1725fe2a58f09/1594326938153-HQY3SS7FP95W6O2LF00K/wag+valuation.png VietEcon - How to evaluate start ups, the case of Wag Backing into a market share for Wag. Source: Vietecon.com https://www.vietecon.com/vietecon/2020/7/7/trade-and-seafood monthly 0.5 2020-07-07 https://images.squarespace-cdn.com/content/v1/5c2a8c6789c1725fe2a58f09/1594132926498-FBOPW91KV6UCNGGD6HNV/Minh+Phu+stock+thru+July+2020.png VietEcon - Trade and seafood Source: Vietstock.vn https://images.squarespace-cdn.com/content/v1/5c2a8c6789c1725fe2a58f09/1594136347417-XN8CHK0YHUCIMFN1IITN/Minh+Phu+margins+returns+2019.png VietEcon - Trade and seafood Source: Company data, chart by Vietecon.com https://images.squarespace-cdn.com/content/v1/5c2a8c6789c1725fe2a58f09/1594135664192-4UIF6K74T3JEGV4SDIPG/Imports+YTD+thru+May.png VietEcon - Trade and seafood Source: Vietnamese customs, chart by Vietecon.com https://images.squarespace-cdn.com/content/v1/5c2a8c6789c1725fe2a58f09/1594135679619-VBLTPX0U924JZBY2UA96/Exports+YTD+thru+May.png VietEcon - Trade and seafood Source: Vietnamese customs, chart by Vietecon.com https://images.squarespace-cdn.com/content/v1/5c2a8c6789c1725fe2a58f09/1594135695212-EDXPE7MB5SNMCMT9DEXF/Trade+balance+ytd+thru+may.png VietEcon - Trade and seafood Source: Vietnamese customs, chart by Vietecon.com https://www.vietecon.com/vietecon/2020/7/6/tourism-how-to-make-it-work monthly 0.5 2020-07-06 https://images.squarespace-cdn.com/content/v1/5c2a8c6789c1725fe2a58f09/1594049278970-LOY2MN2GZLNMZ2U4COIY/HCMC+1H20+tourists.png VietEcon - Tourism - how to make it work? Source: Nhan Dan online https://images.squarespace-cdn.com/content/v1/5c2a8c6789c1725fe2a58f09/1594054002124-RIJ381BU46FHOT4I0W71/gold+pot.jpg VietEcon - Tourism - how to make it work? Source: Reuters/Kham https://www.vietecon.com/vietecon/2020/7/1/how-did-we-do-in-1h monthly 0.5 2020-07-01 https://images.squarespace-cdn.com/content/v1/5c2a8c6789c1725fe2a58f09/1593626183505-O1OQ9WYLVEEUH3ZODHTJ/VNM+ETF+1H20.png VietEcon - How did we do in 1H? Source: Yahoo.com, chart by Vietecon.com https://images.squarespace-cdn.com/content/v1/5c2a8c6789c1725fe2a58f09/1593627978580-ZP9WRKGCKLUNXX17HT8Y/image-asset.png VietEcon - How did we do in 1H? Source: Yahoo.com, chart by Vietecon.com https://images.squarespace-cdn.com/content/v1/5c2a8c6789c1725fe2a58f09/1593629586868-ABT3YEFCVVFU272HXCHO/SP+VNM+VNIndex+1H20.png VietEcon - How did we do in 1H? Source: Yahoo.com, Investing.com, chart by Vietecon.com https://images.squarespace-cdn.com/content/v1/5c2a8c6789c1725fe2a58f09/1593628740956-FE8MSSVJRAUR5W3MQEWA/image-asset.png VietEcon - How did we do in 1H? Source: Van Eck https://images.squarespace-cdn.com/content/v1/5c2a8c6789c1725fe2a58f09/1593629259579-NUIKU6ZRQJ35XCHVCCQQ/ETF+holdings+6-2020.png VietEcon - How did we do in 1H? Source: Van Eck, chart by Vietecon.com https://www.vietecon.com/vietecon/2020/6/30/gambling-and-tourism monthly 0.5 2020-06-30 https://images.squarespace-cdn.com/content/v1/5c2a8c6789c1725fe2a58f09/1593550454039-9Q97BZEZPLA19HHBP7GW/Visitors+2019.png VietEcon - Gambling and tourism Source: Vietnam Tourism https://images.squarespace-cdn.com/content/v1/5c2a8c6789c1725fe2a58f09/1593550525850-IFLFRDIFYZU1YISOUM6X/tourism+impact.png VietEcon - Gambling and tourism SOURCE: WORLD TRAVEL & TOURISM COUNCIL, CHART BY VIETECON.COM https://www.vietecon.com/vietecon/2020/6/29/mwg-may-update monthly 0.5 2020-06-29 https://images.squarespace-cdn.com/content/v1/5c2a8c6789c1725fe2a58f09/1593442245645-M1PEIUOVZF68GZFT2APR/MWG+rev+%26+net+profit+monthly+to+May2020.png VietEcon - MWG May Update Source: MWG, Vietecon.com https://www.vietecon.com/vietecon/2020/6/18/wages monthly 0.5 2020-06-18 https://images.squarespace-cdn.com/content/v1/5c2a8c6789c1725fe2a58f09/1592510957653-HIOPS2J9LFOQJ073AGFI/Nom+GDP+2016.png VietEcon - Wages https://www.vietecon.com/vietecon/2020/6/17/lots-of-investments-in-vietnam monthly 0.5 2020-06-17 https://images.squarespace-cdn.com/content/v1/5c2a8c6789c1725fe2a58f09/1592419279689-6Z1JTUAG5SO9NEBV2EL2/Cinemas+%26+screens+updated.png VietEcon - Lots of investments in Vietnam Source: Company data https://www.vietecon.com/vietecon/2020/6/16/repsol-and-the-future-of-s-china-sea-energy monthly 0.5 2020-06-16 https://images.squarespace-cdn.com/content/v1/5c2a8c6789c1725fe2a58f09/1592329773295-2O28PK0YJY6X5Z6EMI9G/image-asset.jpeg VietEcon - Repsol and the future of S. China Sea energy Source: @zacharytheodore https://www.vietecon.com/vietecon/2020/6/15/more-on-real-estate monthly 0.5 2020-06-15 https://images.squarespace-cdn.com/content/v1/5c2a8c6789c1725fe2a58f09/1592244947257-JF4LOI6HO5Z6VKFO6W6T/VHM+IS.png VietEcon - More on real estate Source: Vietstock.vn, chart by Vietecon.com https://images.squarespace-cdn.com/content/v1/5c2a8c6789c1725fe2a58f09/1592245099638-IOBDT9V63D2QFAGWDOHC/VHM+BS.png VietEcon - More on real estate Source: Vietstock.vn, chart by Vietecon.com https://images.squarespace-cdn.com/content/v1/5c2a8c6789c1725fe2a58f09/1592247720701-PK4PSBZ3F263UDUR5E72/VHM+prop+sales.png VietEcon - More on real estate Source: Company data, chart by Vietecon.com https://images.squarespace-cdn.com/content/v1/5c2a8c6789c1725fe2a58f09/1592248179119-0P0TR9IX9NFE9JE7PDEH/VHM+GDV.png VietEcon - More on real estate Source: Company data https://images.squarespace-cdn.com/content/v1/5c2a8c6789c1725fe2a58f09/1592248196244-AOG4A7FORTVZP140A09R/VHM+land+bnk.png VietEcon - More on real estate Source: Company data https://www.vietecon.com/vietecon/2020/6/12/property-stocks monthly 0.5 2020-06-12 https://images.squarespace-cdn.com/content/v1/5c2a8c6789c1725fe2a58f09/1591988054011-2AQ3QAD2DVFTR4PUBZF4/GDP+construction.png VietEcon - Property stocks Source: World Bank, Vietnamese GSO, chart by Vietecon.com https://images.squarespace-cdn.com/content/v1/5c2a8c6789c1725fe2a58f09/1591989807615-AK7JY1KYL539XTZ45BO5/Property+sales.png VietEcon - Property stocks https://images.squarespace-cdn.com/content/v1/5c2a8c6789c1725fe2a58f09/1591989820315-IWCCL0UK2MZO7F5HVZ5K/Property+net+profit+growth.png VietEcon - Property stocks https://images.squarespace-cdn.com/content/v1/5c2a8c6789c1725fe2a58f09/1591989829791-LWQG91N3XHL5F91376GN/Property+growth+in+equity.png VietEcon - Property stocks https://images.squarespace-cdn.com/content/v1/5c2a8c6789c1725fe2a58f09/1591989839107-5SBFZLWV0DV3CCHM419L/Property+growth+in+assets.png VietEcon - Property stocks https://images.squarespace-cdn.com/content/v1/5c2a8c6789c1725fe2a58f09/1591989849852-ZI7DL40UBDY6CIMODVBB/Property+Dupont+RoE.png VietEcon - Property stocks https://images.squarespace-cdn.com/content/v1/5c2a8c6789c1725fe2a58f09/1591989858397-IY976FFEX2B9T00SAWZ5/Return+on+equity.png VietEcon - Property stocks https://www.vietecon.com/vietecon/2020/6/11/quick-look-at-value-in-vingroup monthly 0.5 2020-06-11 https://images.squarespace-cdn.com/content/v1/5c2a8c6789c1725fe2a58f09/1591884461209-HPCPZPGU46C1NX9VDKYN/Vingroup+value.png VietEcon - Quick look at value in Vingroup Source: Vingroup, Vietstock.vn, chart by Vietecon.com https://images.squarespace-cdn.com/content/v1/5c2a8c6789c1725fe2a58f09/1591886771293-MJFFA8UUEQLC040TFY8P/Vingroup+segment+sales.png VietEcon - Quick look at value in Vingroup Source: Vingroup, chart by Vietecon.com https://images.squarespace-cdn.com/content/v1/5c2a8c6789c1725fe2a58f09/1591887028339-5Y3LKS5A74M5KXUEX1P9/Vingroup+segment+profit.png VietEcon - Quick look at value in Vingroup Source: Vingroup, chart by Vietecon.com https://images.squarespace-cdn.com/content/v1/5c2a8c6789c1725fe2a58f09/1591887426522-UJS6079N7NGOWHUCA9BF/Vingroup+segment+assets.png VietEcon - Quick look at value in Vingroup Source: Vingroup, chart by Vietecon.com https://www.vietecon.com/vietecon/2020/6/10/real-estate-companies monthly 0.5 2020-06-10 https://images.squarespace-cdn.com/content/v1/5c2a8c6789c1725fe2a58f09/1591817759677-J7MEUL8OVTS1UZFVN99C/real+estate+mkt+shr+price.png VietEcon - Real estate companies Source: Vietstock.vn, WSJ.com, chart by Vietecon.com. https://images.squarespace-cdn.com/content/v1/5c2a8c6789c1725fe2a58f09/1591818423314-R7P6DMKOS9CEW3WOQHI0/real+estate+pe+%25+in+profit.png VietEcon - Real estate companies Source: Vietstock.vn, WSJ.com, chart by Vietecon.com. Change in share price is from Jan 2 to June 10. https://www.vietecon.com/vietecon/2020/6/9/looking-at-rooftop-solar-trends-in-vietnam monthly 0.5 2020-06-09 https://images.squarespace-cdn.com/content/v1/5c2a8c6789c1725fe2a58f09/1591713587532-BOG5R2T16P3R4DCGLT88/FIT2+solar.png VietEcon - Looking at rooftop solar trends in Vietnam Source: PV Magazine https://images.squarespace-cdn.com/content/v1/5c2a8c6789c1725fe2a58f09/1591713712917-B2AAPFJI0AGZX438W00F/Rooftop+solar.png VietEcon - Looking at rooftop solar trends in Vietnam Source: PV Magazine https://images.squarespace-cdn.com/content/v1/5c2a8c6789c1725fe2a58f09/1591713910246-BK53303TQRKG8WSGTTF9/Solar+installed+capacity.png VietEcon - Looking at rooftop solar trends in Vietnam Source: PV Magazine https://www.vietecon.com/vietecon/2020/6/6/quick-bites monthly 0.5 2020-06-06 https://www.vietecon.com/vietecon/2020/6/4/final-post-on-frt-for-the-moment monthly 0.5 2020-06-04 https://images.squarespace-cdn.com/content/v1/5c2a8c6789c1725fe2a58f09/1591282485707-E6FBSJDH1K5LD23KTPRH/FRT+balance+sheet+items.png VietEcon - Final post on FRT (for the moment) Source: Company data, chart by Vietecon.com https://images.squarespace-cdn.com/content/v1/5c2a8c6789c1725fe2a58f09/1591283588356-QDYISXR1EPRADV3PU8NG/FRT+-+retursn.png VietEcon - Final post on FRT (for the moment) Source: Company data, chart by Vietecon.com https://www.vietecon.com/vietecon/2020/6/3/looking-further-into-frts-pharma-business monthly 0.5 2020-06-03 https://images.squarespace-cdn.com/content/v1/5c2a8c6789c1725fe2a58f09/1591198437262-PGA21SKO2FEIEZHIXH5S/FPT+retail.png VietEcon - Looking further into FRT's pharma business Source: FRT, chart by Vietecon.com https://images.squarespace-cdn.com/content/v1/5c2a8c6789c1725fe2a58f09/1591197348599-UE6PNN4ZUI4H4DDIUDH2/Pharmacy+mkt.png VietEcon - Looking further into FRT's pharma business Source: Vietecon.com https://www.vietecon.com/vietecon/2020/6/2/more-consumer-electronics-frt monthly 0.5 2020-06-02 https://images.squarespace-cdn.com/content/v1/5c2a8c6789c1725fe2a58f09/1591132382385-N31HIYD5CMYU9K2XMB5A/FRT+revs.png VietEcon - More consumer electronics - FRT Source: FRT, chart by Vietecon.com https://images.squarespace-cdn.com/content/v1/5c2a8c6789c1725fe2a58f09/1591132408882-PABQY74XIYT9NS4L1XRZ/FRT+op+net+prof.png VietEcon - More consumer electronics - FRT Source: FRT, chart by Vietecon.com https://images.squarespace-cdn.com/content/v1/5c2a8c6789c1725fe2a58f09/1591134153405-TG28PC5U0GRL03RDE8FN/MWG+revs+%26+margins.png VietEcon - More consumer electronics - FRT Source: MWG, chart by Vietecon.com https://www.vietecon.com/vietecon/2020/6/1/tourism-returns-to-normal-and-deflation monthly 0.5 2020-06-01 https://images.squarespace-cdn.com/content/v1/5c2a8c6789c1725fe2a58f09/1591029965843-ASVJK519FWBUBFFZ8E27/Flights.png VietEcon - Tourism returns to normal? And deflation? Source: VN Express https://www.vietecon.com/vietecon/2020/5/29/is-the-vnd-appreciating-yes-but-the-impact-is-limited-so-far monthly 0.5 2020-05-29 https://images.squarespace-cdn.com/content/v1/5c2a8c6789c1725fe2a58f09/1590783110766-ATBZ434L7QTHAYI0R49H/Exports+through+April+2020by+category.png VietEcon - Is the VND appreciating? Yes, but the impact is limited so far Source: Vietnamese Customs, chart by Vietecon.com https://images.squarespace-cdn.com/content/v1/5c2a8c6789c1725fe2a58f09/1590784867170-PPO5KGPAV78CETHEQOIO/Exports+in+1HMay2020.png VietEcon - Is the VND appreciating? Yes, but the impact is limited so far Source: Vietnamese Customs, chart by Vietecon.com https://images.squarespace-cdn.com/content/v1/5c2a8c6789c1725fe2a58f09/1590786990038-7CZTXK6RCT8YBAHJKZ7R/USDCNY+rate.png VietEcon - Is the VND appreciating? Yes, but the impact is limited so far Source: Yahoo finance, chart by Vietecon.com https://images.squarespace-cdn.com/content/v1/5c2a8c6789c1725fe2a58f09/1590786689203-586WTPJUPHCQ638MGN4I/Balance+w+China.png VietEcon - Is the VND appreciating? Yes, but the impact is limited so far Source. Vietnamese Customs, chart by Vietecon.com https://www.vietecon.com/vietecon/2020/5/28/more-post-covid-retail-insights-mwg monthly 0.5 2020-05-28 https://images.squarespace-cdn.com/content/v1/5c2a8c6789c1725fe2a58f09/1590689067848-AJOKOXL46XENLFDHXX1U/MWG+rev+%26+net+profit.png VietEcon - More post-COVID retail insights - MWG Source: MWG, chart by Vietecon.com https://images.squarespace-cdn.com/content/v1/5c2a8c6789c1725fe2a58f09/1590689089897-CJT766MN6NV73XHRX5EJ/Online+sales+at+MWG.png VietEcon - More post-COVID retail insights - MWG Source: MWG, chart by Vietecon.com https://www.vietecon.com/vietecon/2020/5/27/world-bank-and-vietnamese-productivity monthly 0.5 2020-05-27 https://images.squarespace-cdn.com/content/v1/5c2a8c6789c1725fe2a58f09/1590608953595-4JQYS9PDR7F3FOF4WXTE/Ag+shift+age.png VietEcon - World Bank and Vietnamese productivity Source: World Bank https://images.squarespace-cdn.com/content/v1/5c2a8c6789c1725fe2a58f09/1590609017828-7KN4W7JQIMF6PBLVULQX/Trade+trends.png VietEcon - World Bank and Vietnamese productivity Source: World Bank https://images.squarespace-cdn.com/content/v1/5c2a8c6789c1725fe2a58f09/1590609174093-3UEZAQ2M3989CZR19YES/Productivity+in+VN.png VietEcon - World Bank and Vietnamese productivity Source: World Bank https://images.squarespace-cdn.com/content/v1/5c2a8c6789c1725fe2a58f09/1590609472803-8H2X3GIS359YDFD5EPAC/Korea+productivity.png VietEcon - World Bank and Vietnamese productivity Source: World Bank https://images.squarespace-cdn.com/content/v1/5c2a8c6789c1725fe2a58f09/1590609928812-577W6BZGP6MCXMRKPE3M/GDP+per+capita+ASIA.png VietEcon - World Bank and Vietnamese productivity Source: World Bank https://www.vietecon.com/vietecon/2020/5/26/tourism-and-panasonic monthly 0.5 2020-05-26 https://images.squarespace-cdn.com/content/v1/5c2a8c6789c1725fe2a58f09/1590519637055-DIB9CUVKIINXHTEK90Y4/tourism+impact.png VietEcon - Tourism and Panasonic Source: World Travel & Tourism Council, chart by Vietecon.com https://www.vietecon.com/vietecon/2020/5/22/friday-grab-bag-ecommerce-solar-motorbike-emissions-waste-management monthly 0.5 2020-05-22 https://images.squarespace-cdn.com/content/v1/5c2a8c6789c1725fe2a58f09/1590173458910-Z94D95ZWR0C0V6YZM8VS/e-conomy.png VietEcon - Friday grab bag: ecommerce, solar, motorbike emissions, waste management Source: Google, Temasek https://images.squarespace-cdn.com/content/v1/5c2a8c6789c1725fe2a58f09/1590175214684-INK60QPE6798BGTJHK91/Elec+usage+kwh+per+capita.png VietEcon - Friday grab bag: ecommerce, solar, motorbike emissions, waste management Source: World bank https://www.vietecon.com/vietecon/2020/5/21/can-we-hope-for-a-v-shaped-recovery-the-case-of-pnj monthly 0.5 2020-05-21 https://images.squarespace-cdn.com/content/v1/5c2a8c6789c1725fe2a58f09/1590068204041-PCE4P9SRP32VLMY8BT7W/China+v-shaped+recovery.png VietEcon - Can we hope for a V-shaped recovery? The case of PNJ Source: Pantheon Macroeconomics via Business Insider https://images.squarespace-cdn.com/content/v1/5c2a8c6789c1725fe2a58f09/1590071420672-DMCM7Y06J2LZ1VBPG1KY/PNJ+Rev+April20.png VietEcon - Can we hope for a V-shaped recovery? The case of PNJ Source: PNJ, chart by Vietecon.com https://images.squarespace-cdn.com/content/v1/5c2a8c6789c1725fe2a58f09/1590071443028-2UF8U0LDHTY4N1NSKWNA/PNJ+NI+April20.png VietEcon - Can we hope for a V-shaped recovery? The case of PNJ Source: PNJ, chart by Vietecon.com https://www.vietecon.com/vietecon/2020/5/20/returns-on-capex-vary-significantly-for-vietnamese-companies monthly 0.5 2020-05-20 https://images.squarespace-cdn.com/content/v1/5c2a8c6789c1725fe2a58f09/1589996335130-O5GWWC0ZDY8B8N19IINU/Capex+rev+3yr.png VietEcon - Returns on capex vary significantly for Vietnamese companies Source: Vietstock.vn, Vietecon.com https://images.squarespace-cdn.com/content/v1/5c2a8c6789c1725fe2a58f09/1589996345106-4RPV4H1K6LGYAGP8PKWK/Capex+NI+3yr.png VietEcon - Returns on capex vary significantly for Vietnamese companies Source: Vietstock.vn, Vietecon.com https://images.squarespace-cdn.com/content/v1/5c2a8c6789c1725fe2a58f09/1589996364349-C4KJ8TOBFCC2XRPHWBC5/Capex+rev+2yr.png VietEcon - Returns on capex vary significantly for Vietnamese companies Source: Vietstock.vn, Vietecon.com https://images.squarespace-cdn.com/content/v1/5c2a8c6789c1725fe2a58f09/1589996379083-GXRYVJJO39136LJGXPX0/Capex+NI+2yr.png VietEcon - Returns on capex vary significantly for Vietnamese companies Source: Vietstock.vn, Vietecon.com https://www.vietecon.com/vietecon/2020/5/19/currency-issues monthly 0.5 2020-05-19 https://images.squarespace-cdn.com/content/v1/5c2a8c6789c1725fe2a58f09/1589914430507-C5B9FV651VF0HVRWU9IG/VNDUSD+2003-20.png VietEcon - Currency issues Source: Yahoo Finance https://images.squarespace-cdn.com/content/v1/5c2a8c6789c1725fe2a58f09/1589917479279-IK8J77XFJQT9V0M0H3FA/VNDUSD+2020YTD.png VietEcon - Currency issues Source: SBV https://www.vietecon.com/vietecon/2020/5/18/checking-on-exports monthly 0.5 2020-05-18 https://images.squarespace-cdn.com/content/v1/5c2a8c6789c1725fe2a58f09/1589820387866-LD87VZLHJQDXEL42KQVQ/Exports+through+April+2020.png VietEcon - Checking on exports Source: General Dept of Customs, chart by Vietecon.com https://images.squarespace-cdn.com/content/v1/5c2a8c6789c1725fe2a58f09/1589820409267-T5UUSANDK1Q95G19IQ1N/Exports+through+April+2020.png VietEcon - Checking on exports Source: General Dept of Customs, chart by Vietecon.com https://images.squarespace-cdn.com/content/v1/5c2a8c6789c1725fe2a58f09/1589821006119-AV28KMKUV84YC24MDVO9/Exports+through+April+2020by+category.png VietEcon - Checking on exports Source: General Dept of Customs, chart by Vietecon.com https://www.vietecon.com/vietecon/2020/5/14/economic-tidbits-mobility monthly 0.5 2020-05-15 https://images.squarespace-cdn.com/content/v1/5c2a8c6789c1725fe2a58f09/1589478112388-6LR33JBS6CU28FJ4WDIL/Vietnam+mobility.png VietEcon - Economic tidbits: mobility Source: Apple https://images.squarespace-cdn.com/content/v1/5c2a8c6789c1725fe2a58f09/1589478843623-S6ZAQ6A6STW6012X2TKV/Google+mobility.png VietEcon - Economic tidbits: mobility Source: Google https://www.vietecon.com/vietecon/2020/5/14/banks-and-more-capital monthly 0.5 2020-05-14 https://images.squarespace-cdn.com/content/v1/5c2a8c6789c1725fe2a58f09/1589466784461-N55TQV81YTDKYAZOFZ66/Returns+at+banks.png VietEcon - Banks and more capital Source: SBV https://images.squarespace-cdn.com/content/v1/5c2a8c6789c1725fe2a58f09/1589468768213-U1HTIH0QBRDR2K849LFU/NPLs+of+bank+system.png VietEcon - Banks and more capital Source: SBV https://images.squarespace-cdn.com/content/v1/5c2a8c6789c1725fe2a58f09/1589469218313-BZ8ESJQBG355KT88ASK0/NPLs+of+banks+by+bank.png VietEcon - Banks and more capital Source: Vietstock.com.vn https://images.squarespace-cdn.com/content/v1/5c2a8c6789c1725fe2a58f09/1589469598880-Q99ERSPXTBYGGKB1KNJD/Bank+assets+4Q2019.png VietEcon - Banks and more capital https://www.vietecon.com/vietecon/2020/5/13/lower-interest-rates monthly 0.5 2020-05-13 https://www.vietecon.com/vietecon/2020/5/12/internet-application-traffic-share monthly 0.5 2020-05-12 https://images.squarespace-cdn.com/content/v1/5c2a8c6789c1725fe2a58f09/1589317217825-ACHIJETUBHJOREA8WLF6/Global+app+traffic+share.png VietEcon - Internet application traffic share Source: Sandvine https://images.squarespace-cdn.com/content/v1/5c2a8c6789c1725fe2a58f09/1589317531482-TG5QK8RFLR1DPMCS61M9/image-asset.png VietEcon - Internet application traffic share Source: Sandvine https://www.vietecon.com/vietecon/2020/5/11/gold-vs-gold-stocks monthly 0.5 2020-05-11 https://images.squarespace-cdn.com/content/v1/5c2a8c6789c1725fe2a58f09/1589211370111-6XKILAD8JHYX3OPBMXJE/gold+stocks+vs+gold.png VietEcon - Gold vs gold stocks Source: Yahoo finance, chart by Vietecon.com https://images.squarespace-cdn.com/content/v1/5c2a8c6789c1725fe2a58f09/1589214589679-1JJQ72YG9UJQ457RFCXH/Correlations.png VietEcon - Gold vs gold stocks All stocks listed by ticker. GC = the price of gold. Source: Vietecon.com https://images.squarespace-cdn.com/content/v1/5c2a8c6789c1725fe2a58f09/1589214696552-OU0HVJ3LA10HI4GSOAMQ/adj+r+square.png VietEcon - Gold vs gold stocks Source: Vietecon.com https://www.vietecon.com/vietecon/2020/5/8/quick-updates monthly 0.5 2020-05-08 https://www.vietecon.com/vietecon/2020/5/7/globalization-or-de-globalization-what-will-it-mean-for-vietnam monthly 0.5 2020-05-07 https://images.squarespace-cdn.com/content/v1/5c2a8c6789c1725fe2a58f09/1588862652557-TJOLRJ41J0IH6SJQWFWG/World+Poverty.png VietEcon - Globalization or de-globalization - what will it mean for Vietnam Source: Ravillon (2016) updated with World Bank (2019) via OurWorldinData.org https://images.squarespace-cdn.com/content/v1/5c2a8c6789c1725fe2a58f09/1588862886628-JEN5CHOK5EY78IOTM7UD/World+trade+relative+to+1913.png VietEcon - Globalization or de-globalization - what will it mean for Vietnam Time series of value of world exports at constant prices, relative to 1913. Source: Frederico & Tena-Junguito (2016) via OurWorldInNumbers.org https://images.squarespace-cdn.com/content/v1/5c2a8c6789c1725fe2a58f09/1588862935842-4YGU6H750JZ9BWTSXY24/Global+exports.png VietEcon - Globalization or de-globalization - what will it mean for Vietnam Source: Fouquin and Hugot (CEPII 2016) via OurWorldInNumbers.org https://images.squarespace-cdn.com/content/v1/5c2a8c6789c1725fe2a58f09/1588865234017-ZGH0E2LNK2S0EQIPF547/GDP+vs+exports.png VietEcon - Globalization or de-globalization - what will it mean for Vietnam Source: Michel Fouquin & Jules Hugot , 2016 via OurWorldInData.org https://www.vietecon.com/vietecon/2020/5/6/revisiting-beyond-meat monthly 0.5 2020-05-06 https://images.squarespace-cdn.com/content/v1/5c2a8c6789c1725fe2a58f09/1588775960339-3VZ0VQX1KPI6AWS55QTB/image-asset.png VietEcon - Revisiting Beyond Meat Source: Yahoo finance, chart by Vietecon.com https://images.squarespace-cdn.com/content/v1/5c2a8c6789c1725fe2a58f09/1588780621308-YEJTQJ4MOQLXJBQ0FS1Z/Beyond+meat+DCF.png VietEcon - Revisiting Beyond Meat Source: Vietecon.com https://www.vietecon.com/vietecon/2020/5/5/vinamilk-1q-results-not-that-bad-but-not-so-exciting monthly 0.5 2020-05-05 https://images.squarespace-cdn.com/content/v1/5c2a8c6789c1725fe2a58f09/1588708157539-PYJUW43XU6GZ84CC3FKK/Vinamilk+stock+5+May2020.png VietEcon - Vinamilk - 1Q results not that bad, but not so exciting Source: Vietstock.com.vn https://images.squarespace-cdn.com/content/v1/5c2a8c6789c1725fe2a58f09/1588707959070-K04E5O431JXQSH17TCOL/VNM+op+results.png VietEcon - Vinamilk - 1Q results not that bad, but not so exciting https://www.vietecon.com/vietecon/2020/5/4/back-to-work-looking-at-the-hcmc-urban-environment monthly 0.5 2020-05-04 https://images.squarespace-cdn.com/content/v1/5c2a8c6789c1725fe2a58f09/1588605562601-UPXNXRVT2L1J27SGXQJ8/saigon-map.jpg VietEcon - Back to work - looking at the HCMC urban environment Source: Codie Lesemann https://images.squarespace-cdn.com/content/v1/5c2a8c6789c1725fe2a58f09/1588606180901-J7A4P880HKQ8EA844CUO/HCMC+Pop+per+sqkm.png VietEcon - Back to work - looking at the HCMC urban environment Source: GSO via Vietstock.com.vn https://images.squarespace-cdn.com/content/v1/5c2a8c6789c1725fe2a58f09/1588617979216-TH13FT1JZ95VUBU2FY6N/World+cities+by+pop+densit.png VietEcon - Back to work - looking at the HCMC urban environment Source: The World in Numbers https://www.vietecon.com/vietecon/2020/4/30/happy-reunification-day monthly 0.5 2020-04-30 https://images.squarespace-cdn.com/content/v1/5c2a8c6789c1725fe2a58f09/1588264109554-ECD9TJEFRQ7SHQJF124A/image-asset.jpeg VietEcon - Happy Reunification Day! Source: Tuan Truong https://images.squarespace-cdn.com/content/v1/5c2a8c6789c1725fe2a58f09/1588264166801-GE3FZBI8GEHC7DK4K599/image-asset.jpeg VietEcon - Happy Reunification Day! Source: New York Public Library https://www.vietecon.com/vietecon/2020/4/29/1q-results-out-lots-of-negative-headlines-but-mwg-outperforms monthly 0.5 2020-04-29 https://images.squarespace-cdn.com/content/v1/5c2a8c6789c1725fe2a58f09/1588171563756-K1VLCEMI8R7RXKOEIE8M/VN+Index+YTD.png VietEcon - 1Q results out: lots of negative headlines, but MWG outperforms https://images.squarespace-cdn.com/content/v1/5c2a8c6789c1725fe2a58f09/1588180028456-L1DL9O2LRDYUB9MFQRHX/MWG+work+cpa.png VietEcon - 1Q results out: lots of negative headlines, but MWG outperforms Source: MWG, Vietecon.com https://www.vietecon.com/vietecon/2020/4/28/whats-going-on monthly 0.5 2020-04-28 https://images.squarespace-cdn.com/content/v1/5c2a8c6789c1725fe2a58f09/1588099311313-W3GY8HMS6IF4T3AJT5RB/Avg+tenure+of+It.png VietEcon - What's going on? Source: Navigos https://images.squarespace-cdn.com/content/v1/5c2a8c6789c1725fe2a58f09/1588102176038-RBRHOWV3PTXF9V2KMH4Z/image-asset.jpeg VietEcon - What's going on? Source: Tony Pham https://www.vietecon.com/vietecon/2020/4/27/adding-more-debt monthly 0.5 2020-04-27 https://images.squarespace-cdn.com/content/v1/5c2a8c6789c1725fe2a58f09/1588001177899-BHA0CYO5RKM0IRWJXHU3/VNM+debt-to-equity+revised.png VietEcon - Adding more debt Source: company data, Vietecon.com, Vietstock.com.vn https://images.squarespace-cdn.com/content/v1/5c2a8c6789c1725fe2a58f09/1588001877908-DZEQA7OFRZG0Q0V5DPD1/Asset+turnover+%26+leverage.png VietEcon - Adding more debt Source: Company data, Vietecon.com, Vietstock.com.vn https://images.squarespace-cdn.com/content/v1/5c2a8c6789c1725fe2a58f09/1588002313715-ES9UFASUUQGV5CSR7K8H/VNM+DuPont+Analysis.png VietEcon - Adding more debt Source: Company data, Vietecon.com, Vietstock.com.vn, Yahoo Finance, Bloomberg https://images.squarespace-cdn.com/content/v1/5c2a8c6789c1725fe2a58f09/1588009791305-21565J1E1CH2H6DHD9ML/Potential+changes+in+RoE.png VietEcon - Adding more debt Source: Company data, Vietecon.com https://www.vietecon.com/vietecon/2020/4/24/unemployment monthly 0.5 2020-04-24 https://images.squarespace-cdn.com/content/v1/5c2a8c6789c1725fe2a58f09/1587756214364-BIRA8ID94LP0Z6JV3SP8/image-asset.png VietEcon - Unemployment Source: Vietnamese statistics https://images.squarespace-cdn.com/content/v1/5c2a8c6789c1725fe2a58f09/1587757017929-CU7JDBYB8J9XK00KMJ3J/image-asset.png VietEcon - Unemployment Source: ILO https://www.vietecon.com/vietecon/2020/4/23/the-trade-balance-turns-negative monthly 0.5 2020-04-23 https://images.squarespace-cdn.com/content/v1/5c2a8c6789c1725fe2a58f09/1587656551280-C6O8SQ0ZARXIXXWLT5QB/Trade+1H+Apr+2020.png VietEcon - The trade balance turns negative Source: Vietnamese customs, chart by Vietecon.com https://images.squarespace-cdn.com/content/v1/5c2a8c6789c1725fe2a58f09/1587657245691-I87RHJ2YXMIAJZ99CFB2/Foreign+invest+HoSE.png VietEcon - The trade balance turns negative Source: VN Express https://www.vietecon.com/vietecon/2020/4/22/smoking monthly 0.5 2020-04-22 https://images.squarespace-cdn.com/content/v1/5c2a8c6789c1725fe2a58f09/1587580375965-3Y33UWP6UY6U5B8V6IP1/Smoking+in+VN.png VietEcon - Smoking Source: World Bank https://images.squarespace-cdn.com/content/v1/5c2a8c6789c1725fe2a58f09/1587585635854-MIRXS44O52UNRIE8DB23/Smoking+in+SE+ASia.png VietEcon - Smoking Source: World Bank https://www.vietecon.com/vietecon/2020/4/21/health-preparedness-and-how-to-measure-it-in-advance monthly 0.5 2020-04-21 https://images.squarespace-cdn.com/content/v1/5c2a8c6789c1725fe2a58f09/1587497390976-2AGV7UWCRSKYB4NHNQDM/GHS.png VietEcon - Health preparedness and how to measure it in advance Source: Gates Foundation, Johns Hopkins https://images.squarespace-cdn.com/content/v1/5c2a8c6789c1725fe2a58f09/1587498075394-XVRJD03C1M5B8J94NU63/Deaths+per+100k.png VietEcon - Health preparedness and how to measure it in advance Source: Johns Hopkins University https://images.squarespace-cdn.com/content/v1/5c2a8c6789c1725fe2a58f09/1587499108186-2GSWT3CKGZA2OQHXK3N5/Score+vs+deaths.png VietEcon - Health preparedness and how to measure it in advance Source: GHS, Johns Hopkins University https://www.vietecon.com/vietecon/2020/4/20/where-stocks-stand-now monthly 0.5 2020-04-20 https://images.squarespace-cdn.com/content/v1/5c2a8c6789c1725fe2a58f09/1587395337870-L4ZVJR37MDPRSA9S9WPR/YTD+Apr20.png VietEcon - Where stocks stand now... Source: Vietstock.vn, Bloomberg https://images.squarespace-cdn.com/content/v1/5c2a8c6789c1725fe2a58f09/1587395746114-UP4UML2GZMOGTHMM3RMT/YTD+Apr20+Stocks+pt1.png VietEcon - Where stocks stand now... Source: Vietstock.vn, Bloomberg https://images.squarespace-cdn.com/content/v1/5c2a8c6789c1725fe2a58f09/1587396719978-OIKMJ6EB3ZDXC92E4KAK/YTD+Apr20+Stocks+pt2.png VietEcon - Where stocks stand now... Source: Bloomberg, Vietstock.vn https://images.squarespace-cdn.com/content/v1/5c2a8c6789c1725fe2a58f09/1587397204186-72K2AD5ZB6FJBKZC70PT/YTD+Apr20+Stocks+pt3.png VietEcon - Where stocks stand now... Source: Bloomberg, Vietstock.vn https://images.squarespace-cdn.com/content/v1/5c2a8c6789c1725fe2a58f09/1587397554500-IO1HRX3NK87GXVGNYS3C/YTD+Apr20+Stocks+pt4+foreign.png VietEcon - Where stocks stand now... Source: Bloomberg https://www.vietecon.com/vietecon/2020/4/17/two-things-that-may-become-more-important-post-covid-19 monthly 0.5 2020-04-17 https://images.squarespace-cdn.com/content/v1/5c2a8c6789c1725fe2a58f09/1587157786247-3A6TJ51J2SIZ13H41U5C/e-conomy.png VietEcon - Two things that may become more important post-COVID-19 USDbn. Source: Google, Temasek, Bain https://images.squarespace-cdn.com/content/v1/5c2a8c6789c1725fe2a58f09/1587157381271-RXH5TDI7DCSAE89H1GTU/VNM+debt+service+revised.png VietEcon - Two things that may become more important post-COVID-19 Source: Company data, Vietecon.com, Vietstock https://images.squarespace-cdn.com/content/v1/5c2a8c6789c1725fe2a58f09/1587157412550-T3N88D0GQ2IV06Y7LMVQ/VNM+debt-to-equity+revised.png VietEcon - Two things that may become more important post-COVID-19 Source: Company data, Vietecon.com, Vietstock https://www.vietecon.com/vietecon/2020/4/16/a-closer-look-at-exports-and-oil monthly 0.5 2020-04-16 https://images.squarespace-cdn.com/content/v1/5c2a8c6789c1725fe2a58f09/1587050037908-4JTV9PHHMITDRYGTL1ID/Fuel+expo+big.png VietEcon - A closer look at exports and oil Source: Vietnamese customs, World Bank. Data on exports represent 2019. Data on fuel exports represent 2018 figures except for Saudi and Iraq. These are 2016 figures https://images.squarespace-cdn.com/content/v1/5c2a8c6789c1725fe2a58f09/1587050103497-IIDM3S1FPGK3JK8JXWBA/Fuel+expo+small.png VietEcon - A closer look at exports and oil Source: Vietnamese customs, World Bank. Data on exports represent 2019. Data on fuel exports represent 2018 figures. https://www.vietecon.com/vietecon/2020/4/15/closer-look-at-government-debt monthly 0.5 2020-04-15 https://images.squarespace-cdn.com/content/v1/5c2a8c6789c1725fe2a58f09/1586971777897-3QSANH7550JSEL6ZTH95/Assump+debt.png VietEcon - Closer look at government debt Source: Vietecon.com https://images.squarespace-cdn.com/content/v1/5c2a8c6789c1725fe2a58f09/1586971945061-CMU4KILG0WIMYW4AB4AR/Path+of+borrow.png VietEcon - Closer look at government debt Source: Vietecon.com, World Bank data https://images.squarespace-cdn.com/content/v1/5c2a8c6789c1725fe2a58f09/1586971971855-QYCPS49467SN4LZ9M6W0/Path+of+debtgdp.png VietEcon - Closer look at government debt Source: Vietecon.com, World Bank data https://www.vietecon.com/vietecon/2020/4/13/closures-and-government-deficits monthly 0.5 2020-04-13 https://images.squarespace-cdn.com/content/v1/5c2a8c6789c1725fe2a58f09/1586797270587-D2QZ5SMB0FIIUE254G71/Deficit+to+GDP.png VietEcon - Closures and government deficits Source: IMF https://www.vietecon.com/vietecon/2020/4/10/friday-and-population-data monthly 0.5 2020-04-10 https://images.squarespace-cdn.com/content/v1/5c2a8c6789c1725fe2a58f09/1586528821697-IZJJGE9SMR5TLPQPPU0J/Sex+ratio.png VietEcon - Friday and population data Source: CIA factbook https://images.squarespace-cdn.com/content/v1/5c2a8c6789c1725fe2a58f09/1586531817391-XGIB4FK2ZBUUJAP0UCS7/image-asset.png VietEcon - Friday and population data Source: CIA Factbook https://www.vietecon.com/vietecon/2020/4/9/short-and-long-term-effects-of-pandemics monthly 0.5 2020-04-09 https://images.squarespace-cdn.com/content/v1/5c2a8c6789c1725fe2a58f09/1586446094282-PKWRQIQ81VP3CCQWJ5LQ/ADB+forecasts.png VietEcon - Short- and long-term effects of pandemics ADB forecasts for 2020. Source: ADB https://www.vietecon.com/vietecon/2020/4/8/downgrades-stimulus-an monthly 0.5 2020-04-08 https://images.squarespace-cdn.com/content/v1/5c2a8c6789c1725fe2a58f09/1586363543972-VFKCQL25L8YD7OGLWPZF/Moodys+dgrades.png VietEcon - Downgrades Source: Moody’s, table by Vietecon.com https://www.vietecon.com/vietecon/2020/4/7/mostly-good-news-vingroup-ventilators-telemedicine-metro-amp-solar monthly 0.5 2020-04-07 https://www.vietecon.com/vietecon/2020/4/6/movement-in-se-asia monthly 0.5 2020-04-06 https://images.squarespace-cdn.com/content/v1/5c2a8c6789c1725fe2a58f09/1586203934016-Q9EAY0O7H1S3OZLVOH5A/Retail+mob.png VietEcon - Movement in SE Asia Source: Google, chart by Vietecon.com https://images.squarespace-cdn.com/content/v1/5c2a8c6789c1725fe2a58f09/1586203960203-XT2RXARWXJP1KJ8FDYIU/Parks+mob.png VietEcon - Movement in SE Asia Source: Google, chart by Vietecon.com https://images.squarespace-cdn.com/content/v1/5c2a8c6789c1725fe2a58f09/1586204388782-UWCZIMZ4YI967AIZO8OS/Grocery+mob.png VietEcon - Movement in SE Asia Source: Google, chart by Vietecon.com https://images.squarespace-cdn.com/content/v1/5c2a8c6789c1725fe2a58f09/1586204401212-LC6ABXPV1WA7RQLBJ8E1/Transit+mob.png VietEcon - Movement in SE Asia Source: Google, chart by Vietecon.com https://images.squarespace-cdn.com/content/v1/5c2a8c6789c1725fe2a58f09/1586204488044-N9G34GDLOSTJ9AQBF8IQ/Workplaces.png VietEcon - Movement in SE Asia Source: Google, chart by Vietecon.com https://images.squarespace-cdn.com/content/v1/5c2a8c6789c1725fe2a58f09/1586204497407-7Y1H2R2F2BVBU0SJETMS/Resid+mob.png VietEcon - Movement in SE Asia Source: Google, chart by Vietecon.com https://www.vietecon.com/vietecon/2020/4/3/toilet-paper-what-sars-can-tell-us-electricity-prices monthly 0.5 2020-04-03 https://images.squarespace-cdn.com/content/v1/5c2a8c6789c1725fe2a58f09/1585943312922-HFR65SI4569418YOD7O8/Elec+prices.png VietEcon - Toilet paper; what SARS can tell us; electricity prices Data for September 2019. USD per kWh for households. Source: GlobalPetrolPrices.com https://www.vietecon.com/vietecon/2020/4/2/mwg-report-and-eu-deal monthly 0.5 2020-04-02 https://images.squarespace-cdn.com/content/v1/5c2a8c6789c1725fe2a58f09/1585841064003-DFMNTRY5MJCN750L5JN8/Vietnam+EU+trade.png VietEcon - MWG report and EU deal Source: Vietnamese Customs, EU; chart by Vietecon.com https://images.squarespace-cdn.com/content/v1/5c2a8c6789c1725fe2a58f09/1585842876743-FHAIK12PUMHI7N7T82UI/MWG+online.png VietEcon - MWG report and EU deal Source: Company data, chart by Vietecon.com https://www.vietecon.com/vietecon/2020/4/1/renewables-and-some-other-good-news monthly 0.5 2020-04-01 https://www.vietecon.com/vietecon/2020/3/31/chinese-lending-hidden-risks monthly 0.5 2020-03-31 https://images.squarespace-cdn.com/content/v1/5c2a8c6789c1725fe2a58f09/1585677653060-IK4ASTJG6HYI4P4SDF6S/vietnam+debt+china.png VietEcon - Chinese lending - hidden risks Source: Horn, Rainhart & Trebesch data, chart by Vietecon.com https://images.squarespace-cdn.com/content/v1/5c2a8c6789c1725fe2a58f09/1585677703092-UKW3I47AJZYSOJ8SELFO/cambodia+debt+china.png VietEcon - Chinese lending - hidden risks Source: Horn, Rainhart & Trebesch data, chart by Vietecon.com https://images.squarespace-cdn.com/content/v1/5c2a8c6789c1725fe2a58f09/1585677718212-U9NJOZ6ZPBLPF6B83D3J/laos+debt+china.png VietEcon - Chinese lending - hidden risks Source: Horn, Rainhart & Trebesch data, chart by Vietecon.com https://www.vietecon.com/vietecon/2020/3/30/where-we-are-now monthly 0.5 2020-03-30 https://www.vietecon.com/vietecon/2020/3/27/diving-into-pnj monthly 0.5 2020-03-27 https://images.squarespace-cdn.com/content/v1/5c2a8c6789c1725fe2a58f09/1585333489647-S2HTH04UY133GPY942GG/image-asset.png VietEcon - Diving into PNJ SOURCE: VIETSTOCK.COM.VN, VIETECON.COM Note this fixed FPT - I made an error in the last post. https://images.squarespace-cdn.com/content/v1/5c2a8c6789c1725fe2a58f09/1585334192784-DX7HOUDLKHH9G08PKVMQ/PNJ+share.png VietEcon - Diving into PNJ Source; Vietstock.vn, chart by Vietecon.com https://images.squarespace-cdn.com/content/v1/5c2a8c6789c1725fe2a58f09/1585338310871-U10O9GKHQ6A4HPZVR97F/PNJ+revs.png VietEcon - Diving into PNJ Source: PNJ, chart by Vietecon.com. Note that 2020t figures reflect company targets that were issued prior to the recent shut down. https://images.squarespace-cdn.com/content/v1/5c2a8c6789c1725fe2a58f09/1585338393538-DK32TYFXWWMKSTKLC7EV/PNJ+stores.png VietEcon - Diving into PNJ Source: PNJ, chart by Vietecon.com https://images.squarespace-cdn.com/content/v1/5c2a8c6789c1725fe2a58f09/1585340066895-TY9L1X423IKZ8KWUKTWD/PNJ+Inventories.png VietEcon - Diving into PNJ Source: PNJ, chart by Vietecon.com https://www.vietecon.com/vietecon/2020/3/26/a-few-items-no-20-person-meetings-exports-ford-and-currency-manipulation monthly 0.5 2020-03-26 https://images.squarespace-cdn.com/content/v1/5c2a8c6789c1725fe2a58f09/1585246216277-QUNFIFRWR0DR3H5TPUAQ/Trade+balance.png VietEcon - A few items: no 20 person meetings, exports, Ford and currency manipulation Source: Vietnamese Customs, chart by Vietecon.com https://www.vietecon.com/vietecon/2020/3/25/causes-of-inequality-according-to-paul-krugman monthly 0.5 2020-03-25 https://images.squarespace-cdn.com/content/v1/5c2a8c6789c1725fe2a58f09/1585152021495-J4DU8TZ1KSNKJ6S36T0R/Income.png VietEcon - Causes of inequality according to Paul Krugman Source: Pew Research Center https://images.squarespace-cdn.com/content/v1/5c2a8c6789c1725fe2a58f09/1585159291407-BCV7PTOOAPTPDH74HS3G/Poverty.png VietEcon - Causes of inequality according to Paul Krugman Source: World Bank https://images.squarespace-cdn.com/content/v1/5c2a8c6789c1725fe2a58f09/1585159867208-VK6WKIFNLP9XKBTX3SJ6/Oxfam+inequality.png VietEcon - Causes of inequality according to Paul Krugman Source: Oxfam https://images.squarespace-cdn.com/content/v1/5c2a8c6789c1725fe2a58f09/1585160349978-J8LM09SIXVNV7D2556II/Oxfam+social+mobility.png VietEcon - Causes of inequality according to Paul Krugman Source: Oxfam https://www.vietecon.com/vietecon/2020/3/24/looking-at-vc-money monthly 0.5 2020-03-24 https://images.squarespace-cdn.com/content/v1/5c2a8c6789c1725fe2a58f09/1585062097845-QKWD29SOD549GCQPGSXA/VC+size.png VietEcon - No more rice exports, and looking at VC money Source: NVCA https://images.squarespace-cdn.com/content/v1/5c2a8c6789c1725fe2a58f09/1585062337575-SSB6TZMNRDDB5P7YN57E/Global+VC+deal+flow.png VietEcon - No more rice exports, and looking at VC money This represents US and Global VC deal flow. Source: NVCA https://images.squarespace-cdn.com/content/v1/5c2a8c6789c1725fe2a58f09/1585062951510-UG0W9W7CZBVG6CI92EXR/Funding+in+Vietnam+internet.png VietEcon - No more rice exports, and looking at VC money Source: Google Temasek & Bain https://www.vietecon.com/vietecon/2020/3/23/more-on-dollar-strengthening monthly 0.5 2020-03-23 https://images.squarespace-cdn.com/content/v1/5c2a8c6789c1725fe2a58f09/1584995411047-2VVEIYAETHPNVLORTS7L/Public+external+debt+currency.png VietEcon - More on dollar strengthening 2018 figures. This includes public and publicly-guaranteed external debt. Source: World Bank https://www.vietecon.com/vietecon/2020/3/19/dollar-strength-risks-to-companies-with-fx-debt-and-revenues monthly 0.5 2020-03-19 https://images.squarespace-cdn.com/content/v1/5c2a8c6789c1725fe2a58f09/1584623483169-7SUQMAWLRNG1RT91JZTP/Currencies+19+Mar+2020.png VietEcon - Dollar strength: risks to companies with FX-debt and -revenues Source: Yahoo finance, charts by Vietecon.com https://images.squarespace-cdn.com/content/v1/5c2a8c6789c1725fe2a58f09/1584624925996-7D6GBT9W3E1E5JQTJZU4/Trade+balance.png VietEcon - Dollar strength: risks to companies with FX-debt and -revenues Source: Vietnamese customs, chart by Vietecon.com https://images.squarespace-cdn.com/content/v1/5c2a8c6789c1725fe2a58f09/1584625782975-4QD2V1K3TADNVUVT2PTL/image-asset.png VietEcon - Dollar strength: risks to companies with FX-debt and -revenues Source: World Bank, chart by Vietecon.com https://www.vietecon.com/vietecon/2020/3/18/how-much-worse monthly 0.5 2020-03-18 https://www.vietecon.com/vietecon/2020/3/17/stimulus monthly 0.5 2020-03-17 https://images.squarespace-cdn.com/content/v1/5c2a8c6789c1725fe2a58f09/1584475477608-CBAFLCHHHHYCY46AFYKR/Hotel+example.png VietEcon - Stimulus Stylized hotel income statement. Source: Vietecon.com https://www.vietecon.com/vietecon/2020/3/16/looking-at-balance-sheets monthly 0.5 2020-03-16 https://images.squarespace-cdn.com/content/v1/5c2a8c6789c1725fe2a58f09/1584386945533-I4LT1GS8BTW3LCK63304/BS+VN+companies.png VietEcon - Looking at balance sheets Metrics based on 2019 YE figures (for BS items) and 2019 IS figures for sales and earnings. Source; Vietstock.com, Vietecon.com https://images.squarespace-cdn.com/content/v1/5c2a8c6789c1725fe2a58f09/1584388840271-FBW7E7T6IM4K2W6NKTTD/Riskiest+debt+VN.png VietEcon - Looking at balance sheets Source: Vietecon.com https://www.vietecon.com/vietecon/2020/3/13/counterprogramming-ip-cases monthly 0.5 2020-03-13 https://www.vietecon.com/vietecon/2020/3/12/foreigners-in-vietnam monthly 0.5 2020-03-12 https://images.squarespace-cdn.com/content/v1/5c2a8c6789c1725fe2a58f09/1584032908502-TI11S37VW7IB9G9H8JNE/No+chinesee.jpg VietEcon - Foreigners in Vietnam Source: Kate Taylor, Business Insider https://www.vietecon.com/vietecon/2020/3/11/tng-and-how-markets-dont-move-like-you-expect monthly 0.5 2020-03-11 https://images.squarespace-cdn.com/content/v1/5c2a8c6789c1725fe2a58f09/1583944033790-A9BUGXOB0VQ5I6VNQW20/Stocks+perf+well.png VietEcon - TNG and how markets don't move like you expect Source: Yahoo finance, chart by Vietecon.com https://images.squarespace-cdn.com/content/v1/5c2a8c6789c1725fe2a58f09/1583952865517-KR3679KNTS297YMOC8X5/TNG+market+cap.png VietEcon - TNG and how markets don't move like you expect Source; Vietstock, chart by Vietecon.com https://images.squarespace-cdn.com/content/v1/5c2a8c6789c1725fe2a58f09/1583953579738-YO2UR9E14W9DSZC8D9SQ/TNG+op+perfor.png VietEcon - TNG and how markets don't move like you expect Source: TNG, vietecon.com https://www.vietecon.com/vietecon/2020/3/10/tourism-stats-rice-exports monthly 0.5 2020-03-10 https://images.squarespace-cdn.com/content/v1/5c2a8c6789c1725fe2a58f09/1583868708778-V2FQJVKZZESZKHI3O1VI/Tourists+2M20.png VietEcon - Tourism stats, salinity in the Mekong, bird flu, bus rapid transit and a great data tool for COVID-19 Source: HCMC Department of Tourism via Vietnamplus https://images.squarespace-cdn.com/content/v1/5c2a8c6789c1725fe2a58f09/1583871369929-KTOR6SUG112SX6M6Y8HZ/Exports+of+rice.png VietEcon - Tourism stats, salinity in the Mekong, bird flu, bus rapid transit and a great data tool for COVID-19 Source: Worldstopexports.com https://www.vietecon.com/vietecon/2020/3/9/oilpocalypse monthly 0.5 2020-03-09 https://images.squarespace-cdn.com/content/v1/5c2a8c6789c1725fe2a58f09/1583787558907-8VM70PJ4AABHEQDNDZ42/Oil+price.png VietEcon - Oilpocalypse Source: Investing.com https://images.squarespace-cdn.com/content/v1/5c2a8c6789c1725fe2a58f09/1583788018633-07A7ZTX89ULLVSZZUIKO/Oil+improts.png VietEcon - Oilpocalypse Source: Vietnamese customs, Vietecon.com https://www.vietecon.com/vietecon/2020/3/6/a-few-more-items-on-mwg monthly 0.5 2020-03-06 https://images.squarespace-cdn.com/content/v1/5c2a8c6789c1725fe2a58f09/1583530507289-WXJKFWW26L046MRR6ULQ/MWG+revs+%26+margins.png VietEcon - A few more items on MWG Source: MWG, Vietecon.com https://images.squarespace-cdn.com/content/v1/5c2a8c6789c1725fe2a58f09/1583531503885-FX692NFDWU9G8YB937BB/MWG+cash+gen.png VietEcon - A few more items on MWG Source: MWG, Vietecon.com https://images.squarespace-cdn.com/content/v1/5c2a8c6789c1725fe2a58f09/1583533100879-T8048FMJ0OMQAEH3FDZM/MWG+working+cap.png VietEcon - A few more items on MWG Source: MWG, Vietecon.com https://images.squarespace-cdn.com/content/v1/5c2a8c6789c1725fe2a58f09/1583536169621-UWV4YFCFKHOFR303QY2W/MWG+debt.png VietEcon - A few more items on MWG Source: MWG, Vietecon.com https://images.squarespace-cdn.com/content/v1/5c2a8c6789c1725fe2a58f09/1583534166644-MU9GYBTG0MSM6Q2I84H5/MWG+returns.png VietEcon - A few more items on MWG Source: MWG, Vietecon.com https://www.vietecon.com/vietecon/2020/3/5/consensus-holdings monthly 0.5 2020-03-05 https://images.squarespace-cdn.com/content/v1/5c2a8c6789c1725fe2a58f09/1583432718627-BTI59ICVYE73QPJXFPR7/Consensus.png VietEcon - Consensus holdings Source; Vietstock.com.vn, Vietecon.com https://images.squarespace-cdn.com/content/v1/5c2a8c6789c1725fe2a58f09/1583433527381-7QHQODMA9995C4AMY73D/Consensus+-+sector.png VietEcon - Consensus holdings Source: Vietecon.com https://www.vietecon.com/vietecon/2020/3/4/some-good-news monthly 0.5 2020-03-04 https://images.squarespace-cdn.com/content/v1/5c2a8c6789c1725fe2a58f09/1583342492095-DYACV4WVI2G9YZBNZ8B9/Vietnam+trade+2m2020.png VietEcon - Some good news Source: General Statistics Office https://www.vietecon.com/vietecon/2020/3/3/portfolio-flows-into-emerging-markets monthly 0.5 2020-03-03 https://images.squarespace-cdn.com/content/v1/5c2a8c6789c1725fe2a58f09/1583254478555-W5MMHSNX6PMNG5MRCXTU/EM+portfolio+flows.png VietEcon - Portfolio flows into Emerging Markets Source: IIF, chart by Vietecon.com https://images.squarespace-cdn.com/content/v1/5c2a8c6789c1725fe2a58f09/1583267954471-MEVI65H2EIETOXOZQ1HZ/FDI+by+monht.png VietEcon - Portfolio flows into Emerging Markets Source: Vietnam Ministry of Investment & Planning https://www.vietecon.com/vietecon/2020/3/2/mwg-valuation monthly 0.5 2020-03-02 https://images.squarespace-cdn.com/content/v1/5c2a8c6789c1725fe2a58f09/1583181640568-H0VLESF1KN2S1QRM3X3K/MWG+Comp.png VietEcon - MWG valuation Source: Bloomberg, Company data, Yahoo Finance, Vietecon.com https://www.vietecon.com/vietecon/2020/2/27/mgw monthly 0.5 2020-02-27 https://images.squarespace-cdn.com/content/v1/5c2a8c6789c1725fe2a58f09/1582818167782-NG3XHMYGH9QP7F04SIE6/MWG+stock.png VietEcon - MWG Source: Vietstock.com.vn, chart by Vietecon.com https://images.squarespace-cdn.com/content/v1/5c2a8c6789c1725fe2a58f09/1582821656986-XCI7Z13CK67N3ZH1CLLD/MWG+financials.png VietEcon - MWG Source: Company data, chart by Vietecon.com https://images.squarespace-cdn.com/content/v1/5c2a8c6789c1725fe2a58f09/1582821901642-UQ8WA7M5YS5V1FBZ5LW5/MWG+Stores.png VietEcon - MWG Source: Company data, chart by Vietecon.com https://images.squarespace-cdn.com/content/v1/5c2a8c6789c1725fe2a58f09/1582834552303-5YU9C74I2MEJQ5AZR3JU/MWG+sales+by+store.png VietEcon - MWG Source: company data, chart by vietecon.com https://www.vietecon.com/vietecon/2020/2/26/the-course-of-electronics-retail-in-vietnam monthly 0.5 2020-02-26 https://images.squarespace-cdn.com/content/v1/5c2a8c6789c1725fe2a58f09/1582739743823-ZE8CYHY9KAT6A9M7WKTX/Retail+sales.png VietEcon - The course of electronics retail in Vietnam Source: GSO, Deloitte, Statista https://images.squarespace-cdn.com/content/v1/5c2a8c6789c1725fe2a58f09/1582743358088-X8JR071JCA01PCA9H2CZ/Nguyen+Kim.png VietEcon - The course of electronics retail in Vietnam Source: Company data. Note margins for DMX reflect overall MWG margins. Margin for Nguyen Kim is an estimate based on overall Central Retail Group margins. https://www.vietecon.com/vietecon/2020/2/25/covid-19-costs-and-potential-bank-impact monthly 0.5 2020-02-25 https://images.squarespace-cdn.com/content/v1/5c2a8c6789c1725fe2a58f09/1582662391151-T35EZI2RJ7XHQ2O2SU7R/NPLs.png VietEcon - COVID-19 Costs and potential bank impact Source: World Bank, SBV, chart by Vietecon.com https://www.vietecon.com/vietecon/2020/2/24/textile-companies-or-anything-but-covid-19 monthly 0.5 2020-02-24 https://images.squarespace-cdn.com/content/v1/5c2a8c6789c1725fe2a58f09/1582559248677-6DUHKFE46QMUM2S6U4OA/Textile+exports.png VietEcon - Textile companies (or anything but COVID-19) Source: World Bank https://images.squarespace-cdn.com/content/v1/5c2a8c6789c1725fe2a58f09/1582561118758-VKISJMISX3W0PAVONE8G/Textile+companies.png VietEcon - Textile companies (or anything but COVID-19) Source: Vietecon.com. Share prices and market cap are as of 24 Feb. 2020. *Market cap figures for the foreign companies are in billions of local currency (under Mkt Cap VNDbn). These three figures hadn’t published 2019 full results, so P/E and revenue growth reflect TTM for 2019. https://images.squarespace-cdn.com/content/v1/5c2a8c6789c1725fe2a58f09/1582575699925-DED28O50MGFJ474115AB/Textile+imp+exp.png VietEcon - Textile companies (or anything but COVID-19) Source: WTO https://images.squarespace-cdn.com/content/v1/5c2a8c6789c1725fe2a58f09/1582575414541-JA3YKSQRCQC2YETRLVJC/Textile+%25+of+exports.png VietEcon - Textile companies (or anything but COVID-19) Source: WTO https://www.vietecon.com/vietecon/2020/2/21/metro-coronavirus-and monthly 0.5 2020-02-21 https://images.squarespace-cdn.com/content/v1/5c2a8c6789c1725fe2a58f09/1582318978128-XC7TXMY7P4JTSIIFDBWG/image-asset.jpeg VietEcon - Metro, coronavirus, and Source; Justin Main, @photified https://www.vietecon.com/vietecon/2020/2/20/some-bad-news-about-minh-phu monthly 0.5 2020-02-20 https://images.squarespace-cdn.com/content/v1/5c2a8c6789c1725fe2a58f09/1582216795338-RY65YBS24Q5E4VJTPN5R/Minh+Phu+rev+%26+gross+profit+2019.png VietEcon - Some bad news about Minh Phu Source: Minh Phu, chart by Vietecon.com https://images.squarespace-cdn.com/content/v1/5c2a8c6789c1725fe2a58f09/1582216906941-2S0DFKJSFXDZD6M6ZI9D/Minh+phu+exports.png VietEcon - Some bad news about Minh Phu Source: Minh Phu, chart by Vietecon.com https://images.squarespace-cdn.com/content/v1/5c2a8c6789c1725fe2a58f09/1582217627305-A4IEK7A8WWJB7FQ01SHX/Minh+Phu+margins+returns+2019.png VietEcon - Some bad news about Minh Phu Source: Minh Phu, chart by Vietecon.com https://www.vietecon.com/vietecon/2020/2/19/labor-costs-and-cambodia monthly 0.5 2020-02-19 https://images.squarespace-cdn.com/content/v1/5c2a8c6789c1725fe2a58f09/1582132393439-FKMC765RNDZDTV3X44UR/Labor+productivity.png VietEcon - Labor costs and Cambodia SOURCE: WORLD BANK. (PG 22) https://images.squarespace-cdn.com/content/v1/5c2a8c6789c1725fe2a58f09/1582134318686-QR1RG7NAIDDTXKTKG7XN/Exports+to+Cambodia+2019.png VietEcon - Labor costs and Cambodia Source: Vietnam Customs, chart by Vietecon.com https://www.vietecon.com/vietecon/2020/2/18/agricultural-issues monthly 0.5 2020-02-18 https://images.squarespace-cdn.com/content/v1/5c2a8c6789c1725fe2a58f09/1582055728980-DLOMXTTY8IUVZT2OK4KL/Rice+exports.png VietEcon - Agricultural issues SOURCE: US INTERNATIONAL TRADE COMMISSION DATA, CHARTS BY VIETECON.CO https://www.vietecon.com/vietecon/2020/2/14/vietnam-takes-place-on-national-security-council monthly 0.5 2020-02-14 https://images.squarespace-cdn.com/content/v1/5c2a8c6789c1725fe2a58f09/1581709806313-Y5LTL1Z6Q68M88YNLOUF/image-asset.jpeg VietEcon - Vietnam takes place on National Security Council Source: Frederic Koeberl (@internetztube) https://www.vietecon.com/vietecon/2020/2/13/eu-trade-deal-signed-town-quarantined monthly 0.5 2020-02-13 https://images.squarespace-cdn.com/content/v1/5c2a8c6789c1725fe2a58f09/1581607832529-3Q6ZZRDXMK36LUU4Y7ZN/2019+top+export+partners.png VietEcon - EU Trade Deal Signed; Town Quarantined SOURCE: VIETNAMESE CUSTOMS, CHARTS BY VIETECON.COM https://www.vietecon.com/vietecon/2020/2/12/update-on-lmh-a-look-at-acm monthly 0.5 2020-02-12 https://images.squarespace-cdn.com/content/v1/5c2a8c6789c1725fe2a58f09/1581523657866-2FSR1EUYY8NI8D38SYVQ/LMH+insider+sales.png VietEcon - Update on LMH, a look at ACM Source: Vietstock.com.vn https://images.squarespace-cdn.com/content/v1/5c2a8c6789c1725fe2a58f09/1581527487231-XJ5GYH3LY7B9DS6VKM3X/ACM+liquidation.png VietEcon - Update on LMH, a look at ACM Source: Vietecon.com https://www.vietecon.com/vietecon/2020/2/11/a-close-look-at-vre monthly 0.5 2020-02-11 https://images.squarespace-cdn.com/content/v1/5c2a8c6789c1725fe2a58f09/1581450286999-UXPY16E2LXCZTSY74MXW/VRE+stock.png VietEcon - A close look at VRE Source: Vietstock.com.vn, chart by Vietecon.com https://images.squarespace-cdn.com/content/v1/5c2a8c6789c1725fe2a58f09/1581452944116-4D3IEPP562ITGZ2PH81F/VRE+op+growth.png VietEcon - A close look at VRE Source: VRE, chart by Vietecon.com. https://images.squarespace-cdn.com/content/v1/5c2a8c6789c1725fe2a58f09/1581454951538-XVSX1PF8EBAIDRH845E5/VRE+revalued+P-B.png VietEcon - A close look at VRE Source: Vietecon.com https://images.squarespace-cdn.com/content/v1/5c2a8c6789c1725fe2a58f09/1581455484618-9DSNG3QREKDYYECF3I68/image-asset.png VietEcon - A close look at VRE https://www.vietecon.com/vietecon/2019/12/19/biomass-and-hydro-generation monthly 0.5 2020-02-10 https://images.squarespace-cdn.com/content/v1/5c2a8c6789c1725fe2a58f09/1576792477268-08SDF5NX4DSP0HWEHKRG/Biomass.png VietEcon - Biomass, traffic and Brit robs Saigon convenience store Source: BP, government targets https://www.vietecon.com/vietecon/2020/2/7/friday-roundup monthly 0.5 2020-02-07 https://www.vietecon.com/vietecon/2020/2/6/novaland monthly 0.5 2020-02-06 https://images.squarespace-cdn.com/content/v1/5c2a8c6789c1725fe2a58f09/1581022902774-4YQWGZ2T3P6E5N851VL3/NVL+results.png VietEcon - Novaland Source: novaland, chart by vietecon.com https://images.squarespace-cdn.com/content/v1/5c2a8c6789c1725fe2a58f09/1581006500064-Y2VGC1Q15PCENYC4ZMTI/NVL+stock.png VietEcon - Novaland Source: Vietstock.com.vn, chart by Vietecon.com https://www.vietecon.com/vietecon/2020/2/5/a-few-market-stories monthly 0.5 2020-02-05 https://images.squarespace-cdn.com/content/v1/5c2a8c6789c1725fe2a58f09/1580916414382-6R0S8MDDPM4LB2IRWXY0/GAB.png VietEcon - A few market stories Source: GAB (now FLC Mining Investment & Asset Management Stock) https://images.squarespace-cdn.com/content/v1/5c2a8c6789c1725fe2a58f09/1580917187636-FV4U0SQOHV1DBLR8HUA0/GAB+FLC+stock.png VietEcon - A few market stories Source; Vietstock.vn.com, chart by Vietecon.com https://images.squarespace-cdn.com/content/v1/5c2a8c6789c1725fe2a58f09/1580920474446-R3MIL17S2T0IURL7G1JD/LMH+stock.png VietEcon - A few market stories Stock price in VND. Source; Vietstock.com.vn chart by Vietecon.com https://images.squarespace-cdn.com/content/v1/5c2a8c6789c1725fe2a58f09/1580921187724-CK6JFBU86QW8SZ0AF00Q/VRC+Stock.png VietEcon - A few market stories Stock price in VND. Source; Vietstock.com.vn chart by Vietecon.com https://www.vietecon.com/vietecon/2020/2/4/more-coronavirus monthly 0.5 2020-02-04 https://images.squarespace-cdn.com/content/v1/5c2a8c6789c1725fe2a58f09/1580856015443-7V4NZ8PXSXTI4CUB7HR7/2019+top+export+partners.png VietEcon - More coronavirus Source: Vietnamese customs, charts by Vietecon.com https://www.vietecon.com/vietecon/2020/1/31/vinhome monthly 0.5 2020-01-31 https://images.squarespace-cdn.com/content/v1/5c2a8c6789c1725fe2a58f09/1580486225380-IX1P814ITR44UE5FRE4S/Vinhomes.png VietEcon - Vinhome Source: Vinhomes, chart by Vietecon.com https://images.squarespace-cdn.com/content/v1/5c2a8c6789c1725fe2a58f09/1580487973094-Z6J4RI7OZZ43WP7ZH543/Vinhomes+BS.png VietEcon - Vinhome Source: Vinhomes, chart by Vietecon.com https://www.vietecon.com/vietecon/2020/1/30/more-impact-of-coronavirus monthly 0.5 2020-01-30 https://images.squarespace-cdn.com/content/v1/5c2a8c6789c1725fe2a58f09/1580416423091-QY1U1E932WFVACFLKQTY/Hawaii.png VietEcon - Estimates of the impact of the coronavirus on tourism Source: Moody’s Credit Outlook (Hawaii Department of Business, Economic Development & Tourism) https://images.squarespace-cdn.com/content/v1/5c2a8c6789c1725fe2a58f09/1580417500505-9YAREH9ZE66HN37ZY32B/Visitors+2019.png VietEcon - Estimates of the impact of the coronavirus on tourism https://images.squarespace-cdn.com/content/v1/5c2a8c6789c1725fe2a58f09/1580419571841-FGHQMR6V336JXG4SAP3A/Hotel+supply.png VietEcon - Estimates of the impact of the coronavirus on tourism Source: JLL https://www.vietecon.com/vietecon/2020/1/29/update-on-casper-coronavirus monthly 0.5 2020-01-29 https://images.squarespace-cdn.com/content/v1/5c2a8c6789c1725fe2a58f09/1580310730237-M18L7R1S5XPNZTTZ3I88/VN+Index.png VietEcon - Update on Casper, Coronavirus Source: Bloomberg, chart by Vietecon.com https://images.squarespace-cdn.com/content/v1/5c2a8c6789c1725fe2a58f09/1580311475680-0H1MJ47ZOHIVG4J69SUC/VNM+ETF.png VietEcon - Update on Casper, Coronavirus Source: Yahoo.com, chart by Vietecon.com https://images.squarespace-cdn.com/content/v1/5c2a8c6789c1725fe2a58f09/1580313437309-J2BV9A7GIHRXOIP3OPF7/Non-VN+constitutents.png VietEcon - Update on Casper, Coronavirus Since 30 Jan. 2019Source: Vietecon.com, Van Eck https://www.vietecon.com/vietecon/2020/1/28/more-catching-up-and-happy-tet monthly 0.5 2020-01-28 https://images.squarespace-cdn.com/content/v1/5c2a8c6789c1725fe2a58f09/1580137993157-4MSJ5BMKLJ9YE71UICAA/JLL+City+Momentum.png VietEcon - More catching up and Happy Tet! For comparability, the CMI ranks for the period 2014-2018 represent the short-term momentum indices. Source: JLL, 2020 https://www.vietecon.com/vietecon/2020/1/24/catch-up-posts monthly 0.5 2020-01-24 https://images.squarespace-cdn.com/content/v1/5c2a8c6789c1725fe2a58f09/1579898153232-ELWK1DP60VHA74ATVSS2/Min+monthly+wages.png VietEcon - Catch up posts Source: Asia Briefing LTD https://images.squarespace-cdn.com/content/v1/5c2a8c6789c1725fe2a58f09/1579898535556-E6CWFAZ4I1PEJ3OZGDKB/Asian+min+wagse.png VietEcon - Catch up posts Source: Asia Briefing LTD https://images.squarespace-cdn.com/content/v1/5c2a8c6789c1725fe2a58f09/1579898953400-5RXAI8UVCBKJBCKXV9F0/Traffic+deaths+ASEAN.png VietEcon - Catch up posts Source: WHO https://www.vietecon.com/vietecon/2020/1/23/casper-detour monthly 0.5 2020-01-23 https://images.squarespace-cdn.com/content/v1/5c2a8c6789c1725fe2a58f09/1579799103628-GIMTNU6UPJMB5HI5JQJI/Casper+stats.png VietEcon - Casper detour Source: Casper, chart by Vietecon.com https://images.squarespace-cdn.com/content/v1/5c2a8c6789c1725fe2a58f09/1579800345211-TZAPSQO2ZBQQE8L874QZ/Casper+DCF.png VietEcon - Casper detour Source: Vietecon.com https://images.squarespace-cdn.com/content/v1/5c2a8c6789c1725fe2a58f09/1579801049664-4U7UJRXLARJU6ZUCL80F/Mattress+valuation.png VietEcon - Casper detour Source: Yahoo, company disclosure, calculations and chart by Vietecon.com https://www.vietecon.com/vietecon/2020/1/22/eu-trade-deal monthly 0.5 2020-01-22 https://images.squarespace-cdn.com/content/v1/5c2a8c6789c1725fe2a58f09/1579708118591-XG9IJQ4829Z65N4GPXBN/Vietnam+EU+trade.png VietEcon - EU Trade Deal SOURCE: VIETNAMESE CUSTOMS, EU, VIETECON.COM CALCULATIONS https://images.squarespace-cdn.com/content/v1/5c2a8c6789c1725fe2a58f09/1579707682008-C2JH81ZEHR7AFHY3GTNJ/AUS+wine+exports+to+China.png VietEcon - EU Trade Deal Source: Wine Australia https://www.vietecon.com/vietecon/2020/1/21/motor-vehicles monthly 0.5 2020-01-21 https://images.squarespace-cdn.com/content/v1/5c2a8c6789c1725fe2a58f09/1579637715178-XP6Z0W4FTGSDP07ANHTW/image-asset.png VietEcon - Motor vehicles Source: VAMA, chart by Vietecon.com https://images.squarespace-cdn.com/content/v1/5c2a8c6789c1725fe2a58f09/1579638054172-T2GEXPCDI7VE3M3I8689/Vehicles+per+pop.png VietEcon - Motor vehicles Source: ASEANstats https://www.vietecon.com/vietecon/2020/1/19/happy-tet monthly 0.5 2020-01-20 https://images.squarespace-cdn.com/content/v1/5c2a8c6789c1725fe2a58f09/1579289286525-KRH50SF4JH2TLI70W3G4/image-asset.jpeg VietEcon - Happy Tet! Source: Markus Winkler (@markuswinkler) https://www.vietecon.com/vietecon/2020/1/17/updated-draft-on-solar-fits monthly 0.5 2020-01-17 https://images.squarespace-cdn.com/content/v1/5c2a8c6789c1725fe2a58f09/1579288648990-664R4BLI5NAN17GJZDO9/Solar+projects+YE2019.png VietEcon - Updated draft on solar FiTs Source; Vietecon.com https://www.vietecon.com/vietecon/2020/1/15/more-on-2h2019-in-stocks monthly 0.5 2020-01-16 https://images.squarespace-cdn.com/content/v1/5c2a8c6789c1725fe2a58f09/1579125484367-JGMRXKXN8XLUMH74HR6U/VNM+constituents+2H19+wtd+return.png VietEcon - More on 2H2019 in stocks Source: Vietecon.com, returns in local currency - no adjustment for currencies. https://images.squarespace-cdn.com/content/v1/5c2a8c6789c1725fe2a58f09/1579126712654-5798I417GJ0UWBWJWKCJ/VNM+VN+const+2H19.png VietEcon - More on 2H2019 in stocks Source: Vietecon.com https://images.squarespace-cdn.com/content/v1/5c2a8c6789c1725fe2a58f09/1579126734141-4IR8OYV94R9Z5657AA1P/VNM+non-VN+const+2H19.png VietEcon - More on 2H2019 in stocks Source: Vietecon.com https://images.squarespace-cdn.com/content/v1/5c2a8c6789c1725fe2a58f09/1579193729860-3Z6CWJ1J4OP7XOIIVMPD/Half+results+winners.png VietEcon - More on 2H2019 in stocks Source: Viietecon.com https://www.vietecon.com/vietecon/2020/1/15/looking-at-2h2019-in-the-stock-market monthly 0.5 2020-01-15 https://images.squarespace-cdn.com/content/v1/5c2a8c6789c1725fe2a58f09/1579114180034-QZL66DWP45NOB8J6V1IU/VNM+ETF+2H.png VietEcon - Looking at 2H2019 in the stock market Source: Van Eck, chart by Vietecon.com https://images.squarespace-cdn.com/content/v1/5c2a8c6789c1725fe2a58f09/1579115534747-Y86C2LZ4TRRG74AD3M7V/VNM+constituents+2H19.png VietEcon - Looking at 2H2019 in the stock market Source: Vietecon.com calculations. All returns in local currency. https://www.vietecon.com/vietecon/2020/1/14/currency-manipulation monthly 0.5 2020-01-14 https://images.squarespace-cdn.com/content/v1/5c2a8c6789c1725fe2a58f09/1579036535703-K9PYORWJ5SEZTJNN52O9/USD+vs+major+trading+partners.png VietEcon - Currency manipulation Source: US Treasury report on currency manipulation https://images.squarespace-cdn.com/content/v1/5c2a8c6789c1725fe2a58f09/1579035207445-V6OG9EXPFA3S1TN55XUL/IMF+xrate+valuation.png VietEcon - Currency manipulation hSource: IMF by way of US Treasury Report on Currency Manipulation https://www.vietecon.com/vietecon/2020/1/13/trade-balance-and-growth monthly 0.5 2020-01-13 https://images.squarespace-cdn.com/content/v1/5c2a8c6789c1725fe2a58f09/1578951566752-M7AYS6DMK7IVVL61OMXH/VN+trade+balance.png VietEcon - Trade balance and growth Source: Vietnamese customs, chart by Vietecon.com https://images.squarespace-cdn.com/content/v1/5c2a8c6789c1725fe2a58f09/1578952825883-5VQXXUW2Z3NIP0TZYINA/Rice+exports.png VietEcon - Trade balance and growth SOURCE: US INTERNATIONAL TRADE COMMISSION DATA, CHARTS BY VIETECON.COM https://images.squarespace-cdn.com/content/v1/5c2a8c6789c1725fe2a58f09/1578954543966-2A9G6A8RJ9JHEI4MZ5U6/Rice+Price.png VietEcon - Trade balance and growth Source: USDA, World Bank, via Indexmundi.com https://images.squarespace-cdn.com/content/v1/5c2a8c6789c1725fe2a58f09/1578953333782-QIWHIXDEY1G58MAPCMWM/CA+balance.png VietEcon - Trade balance and growth Source: World Bank, 2019 is Vietecon.com estimate based on government statistics. https://www.vietecon.com/vietecon/2020/1/10/the-state-budget monthly 0.5 2020-01-11 https://images.squarespace-cdn.com/content/v1/5c2a8c6789c1725fe2a58f09/1578697615197-OSPRAJNYX55HYG749B0T/State+budget.png VietEcon - The State Budget Source: Ministry of Finance https://images.squarespace-cdn.com/content/v1/5c2a8c6789c1725fe2a58f09/1578702135107-78EXFWZDCXM9GEFPPHF2/Potential+debt+path.png VietEcon - The State Budget GDP indexed to 2018 = 100. Assumes 6.5% real GDP growth plus 3% inflation. Source: VIetecon.com https://images.squarespace-cdn.com/content/v1/5c2a8c6789c1725fe2a58f09/1578698860145-ZDE0VSS9Z2LS4X56JXJN/External+debt+stock.png VietEcon - The State Budget External debt stock for Vietnam. Source: World Bank https://www.vietecon.com/vietecon/2020/1/9/global-growth-according-to-the-world-bank monthly 0.5 2020-01-09 https://images.squarespace-cdn.com/content/v1/5c2a8c6789c1725fe2a58f09/1578595568709-R2803HAA6U0YJC4QHTZG/WB+real+GDP+growth.png VietEcon - World Bank lowers global growth forecasts Source: World Bank https://images.squarespace-cdn.com/content/v1/5c2a8c6789c1725fe2a58f09/1578601703980-9UK3YC7D52OC810QBZT1/EMBI+spreads.png VietEcon - World Bank lowers global growth forecasts EMBI spreads. Source: Haver Analytics, World bank, chart by World bank. Note: J.P. Moran Emerging Market Bond Index (EMBI) spread. Last observation is December 2019. https://images.squarespace-cdn.com/content/v1/5c2a8c6789c1725fe2a58f09/1578601774972-9RJ49TC8GXK36S12NHUZ/Nominal+policy+rates.png VietEcon - World Bank lowers global growth forecasts Nominal policy rates and change in inflation-adjusted policy rates. source: Haver analytics, World bank, chart by world bank. Note: Latest rate refers to Malaysia’s overnight policy rate, Indonesia’s 7-day reverse repo rate, China’s loan prime rate, Thailand’s one-day repurchase rate, Vietnam’s discount rate and Philippines’ overnight reverse repo rate. Change refers to the difference in real interest rate between November 2019 and January 2019. Last observation is November 2019. https://www.vietecon.com/vietecon/2020/1/8/the-future-of-vietnams-economy monthly 0.5 2020-01-08 https://images.squarespace-cdn.com/content/v1/5c2a8c6789c1725fe2a58f09/1578497649404-L31ED1JKPMC37EH9MXAC/Growth+by+sector.png VietEcon - The future of Vietnam's economy Source: World Bank, chart by Vietecon.com https://images.squarespace-cdn.com/content/v1/5c2a8c6789c1725fe2a58f09/1578497843151-PNZZS1NUDZPM8OQR4XIM/Growth+by+econ+sector+VNDbn.png VietEcon - The future of Vietnam's economy Source: Vietnamese GSO, chart by Vietecon.com https://images.squarespace-cdn.com/content/v1/5c2a8c6789c1725fe2a58f09/1578499203325-NJQRWL5QA3XE67W00TQL/Growth+by+econ+sector+USDbn.png VietEcon - The future of Vietnam's economy Source: Vietnamese GSO, World Bank, calculation and chart by Vietecon.com https://images.squarespace-cdn.com/content/v1/5c2a8c6789c1725fe2a58f09/1578499424089-9K24Z4B4HTYEE5HW52PU/2018+GDP+by+econ+sector.png VietEcon - The future of Vietnam's economy Source: Vietnamese GSP, chart by Vietecon.com https://images.squarespace-cdn.com/content/v1/5c2a8c6789c1725fe2a58f09/1578499878402-ELJEAIV5P0BFYBUO24R3/Empl+in+ag.png VietEcon - The future of Vietnam's economy Source: World Bank, chart by Vietecon.com https://www.vietecon.com/vietecon/2020/1/7/consumption-by-segment monthly 0.5 2020-01-07 https://images.squarespace-cdn.com/content/v1/5c2a8c6789c1725fe2a58f09/1578426365133-J422XKXKSGZM6LXIEF89/Cons+by+sector.png VietEcon - Consumption by segment Source: World Bank https://images.squarespace-cdn.com/content/v1/5c2a8c6789c1725fe2a58f09/1578426383778-GYTZEBD7E8F14FUKEQP7/Pop+by+cons+segment.png VietEcon - Consumption by segment Source; World Bank https://images.squarespace-cdn.com/content/v1/5c2a8c6789c1725fe2a58f09/1578427223881-DYSH49ZADARBA3TOGX90/Cons+by+sector+-+all+segments.png VietEcon - Consumption by segment Source: World Bank https://www.vietecon.com/vietecon/2020/1/6/babys-back monthly 0.5 2020-01-06 https://images.squarespace-cdn.com/content/v1/5c2a8c6789c1725fe2a58f09/1578349455932-YAGN4WWWQ8L29BKMAXL0/Retirees.png VietEcon - Baby's back! The number of retirees claiming social security benefits by country, 2018. Source: US Social Security Administration https://www.vietecon.com/vietecon/2019/12/25/merry-christmas monthly 0.5 2019-12-25 https://images.squarespace-cdn.com/content/v1/5c2a8c6789c1725fe2a58f09/1576867717826-GM8KGJ7WJ8YW1D3M64AP/image-asset.jpeg VietEcon - Merry Christmas Source: Erwan Hersey (@erwanhersey) https://www.vietecon.com/vietecon/2019/12/24/pic monthly 0.5 2019-12-24 https://images.squarespace-cdn.com/content/v1/5c2a8c6789c1725fe2a58f09/1576867537912-8GX3O6V9TZS378925OWK/image-asset.jpeg VietEcon - Pic Source: Luu Quang Minh (@luuquangminh) https://www.vietecon.com/vietecon/2019/12/23/pic monthly 0.5 2019-12-23 https://images.squarespace-cdn.com/content/v1/5c2a8c6789c1725fe2a58f09/1576867393310-TI4RE638U9FNDL5QKLP9/image-asset.jpeg VietEcon - Pic Source: Andreea Popa (@elfcodobelf) https://www.vietecon.com/vietecon/2019/12/18/air-pollution-and-floating-solar-panels monthly 0.5 2019-12-20 https://www.vietecon.com/vietecon/2019/12/18/retail-boom-and-radisson-investments monthly 0.5 2019-12-19 https://images.squarespace-cdn.com/content/v1/5c2a8c6789c1725fe2a58f09/1576772699359-U7CX14F1WTFDBJLIQV38/Retail+trends.png VietEcon - Retail boom Source: JLL https://www.vietecon.com/vietecon/2019/12/17/quick-hits monthly 0.5 2019-12-18 https://images.squarespace-cdn.com/content/v1/5c2a8c6789c1725fe2a58f09/1576617779597-ZXKMJK24TPXEP72IREYD/image-asset.png VietEcon - Trade concessions Source: IMF, Vietecon.com calculations https://images.squarespace-cdn.com/content/v1/5c2a8c6789c1725fe2a58f09/1576701183371-M7U69ACX6280MXZV6WTH/image-asset.png VietEcon - Trade concessions Source: Vietnamese customs https://images.squarespace-cdn.com/content/v1/5c2a8c6789c1725fe2a58f09/1576702102537-QZCFD6JEMDG4VXVPPNKQ/Employment+in+ag.png VietEcon - Trade concessions Source: World bank data, chart by vietecon.com https://www.vietecon.com/vietecon/2019/12/17/netflix-or-the-importance-of-copywrite monthly 0.5 2019-12-17 https://images.squarespace-cdn.com/content/v1/5c2a8c6789c1725fe2a58f09/1576606107037-0ATSW84YLVBR33E9OSAB/Netflix+sub+by+geo.png VietEcon - Netflix, or the importance of copyright Source: Netflix, Vietecon.com calculations https://images.squarespace-cdn.com/content/v1/5c2a8c6789c1725fe2a58f09/1576606129443-INJ598C5LSL0LBOZLWJY/Netflix+APAC+data.png VietEcon - Netflix, or the importance of copyright Source: Netflix, chart by Vietecon.com https://www.vietecon.com/vietecon/2019/12/16/vinfast-wants-to-export-cars monthly 0.5 2019-12-16 https://images.squarespace-cdn.com/content/v1/5c2a8c6789c1725fe2a58f09/1576523212307-JFJA1S0BULLYUKJ1IVS3/Vehicle+sales%2C+US.png VietEcon - VinFast wants to export cars Source: Marklines https://images.squarespace-cdn.com/content/v1/5c2a8c6789c1725fe2a58f09/1576523714049-B70JKW6SGYZV44ZU1JQV/US+Market.png VietEcon - VinFast wants to export cars Source: Marklines https://images.squarespace-cdn.com/content/v1/5c2a8c6789c1725fe2a58f09/1576524125861-O2R0TP962SZJ0A3W03EJ/vehicle%2Bsales%2BVietnam%2B5m19.png VietEcon - VinFast wants to export cars Vehicle sales in VN. Source: VAMA and OICA https://images.squarespace-cdn.com/content/v1/5c2a8c6789c1725fe2a58f09/1576525040103-BGY2XOMML97QGWRI3ADX/Car+by+gdp+pop.png VietEcon - VinFast wants to export cars Source: OICA https://images.squarespace-cdn.com/content/v1/5c2a8c6789c1725fe2a58f09/1576526022729-RTI4IKYUIJ7UUHXZPUPD/Vingroup+Mfging+9M19.png VietEcon - VinFast wants to export cars Source: Vingroup https://www.vietecon.com/vietecon/2019/12/12/el6u55h39sli4giw619xk6o35sctyk monthly 0.5 2019-12-13 https://images.squarespace-cdn.com/content/v1/5c2a8c6789c1725fe2a58f09/1576177490575-9Z52HV7SJESLPCJDOKQP/Change+in+NI+vs+Rev.png VietEcon - Digger deaper into earnings and returns Source: Vietecon.com calculations https://images.squarespace-cdn.com/content/v1/5c2a8c6789c1725fe2a58f09/1576177714470-4T3APH2AJL0PBRXF5IVD/Big+stocks+11+Dec+2019.png VietEcon - Digger deaper into earnings and returns https://www.vietecon.com/vietecon/2019/12/12/stocks-prices-and-earnings monthly 0.5 2019-12-12 https://images.squarespace-cdn.com/content/v1/5c2a8c6789c1725fe2a58f09/1576164507396-R19HOZ0YX7FVK4HORE88/S%26P+to+11+Dec.png VietEcon - Stocks prices and earnings Source: Yahoo Finance https://images.squarespace-cdn.com/content/v1/5c2a8c6789c1725fe2a58f09/1576177146687-GUCC7ROS117U5SI01ZXJ/Stock+returns.png VietEcon - Stocks prices and earnings Source: Vietecon.com calculations https://www.vietecon.com/vietecon/2019/12/10/oil-and-europe monthly 0.5 2019-12-11 https://images.squarespace-cdn.com/content/v1/5c2a8c6789c1725fe2a58f09/1576082845326-IZEDN8POHSRQNFNJZSGP/Crude+oil.png VietEcon - Oil, Green Homes and Europe Source: Vietnamese customs https://images.squarespace-cdn.com/content/v1/5c2a8c6789c1725fe2a58f09/1576084101434-PY8L0HBZEW7PABT9954C/Vietnam+EU+trade.png VietEcon - Oil, Green Homes and Europe Source: Vietnamese Customs, EU, Vietecon.com calculations https://www.vietecon.com/vietecon/2019/12/10/quick-takes monthly 0.5 2019-12-10 https://images.squarespace-cdn.com/content/v1/5c2a8c6789c1725fe2a58f09/1576008410807-WTM8MAXIKEQQ9CB77GTT/Fertility+rates+in+ASEAN.png VietEcon - Quick takes Source: World Bank https://www.vietecon.com/vietecon/2019/12/9/followup-on-liquidity monthly 0.5 2019-12-09 https://images.squarespace-cdn.com/content/v1/5c2a8c6789c1725fe2a58f09/1575921544970-ZQRFWHJDLSJ0079UGPDC/Stocks+trading+volume.png VietEcon - Follow up on liquidity Source: Vietstock.com, chart and calculations by Vietecon.com https://images.squarespace-cdn.com/content/v1/5c2a8c6789c1725fe2a58f09/1575922961858-XS7W1K36KGBRGEEB7IML/Vol+per+day.png VietEcon - Follow up on liquidity Source: Vietstock.com, chart and calculations by VIETECON.com https://www.vietecon.com/vietecon/2019/12/5/stock-market-bad-results-and-illiquid monthly 0.5 2019-12-09 https://images.squarespace-cdn.com/content/v1/5c2a8c6789c1725fe2a58f09/1575572848792-ZHCSURXH11BU393CAYLG/VNM+to+15Dec19.png VietEcon - Stock market - bad results and illiquid Source: Yahoo finance https://www.vietecon.com/vietecon/2019/12/5/vincommerce-amp-masan-tie-up monthly 0.5 2019-12-05 https://images.squarespace-cdn.com/content/v1/5c2a8c6789c1725fe2a58f09/1575494943740-R6G0Z6Y841ODA5KIGMSY/Masan+VinComm.png VietEcon - VinCommerce & Masan Tie Up Source: Company data, Vietecon.com https://www.vietecon.com/vietecon/2019/12/4/looking-at-current-account-balances monthly 0.5 2019-12-04 https://images.squarespace-cdn.com/content/v1/5c2a8c6789c1725fe2a58f09/1575473690955-YQX1Z3VJNQ6ZEBY4ROBN/Current+Account+Balance.png VietEcon - Looking at current account balances Source: World Bank, chart by Vietecon.com https://images.squarespace-cdn.com/content/v1/5c2a8c6789c1725fe2a58f09/1575474090814-KTJ2Z9971UZ6ANNJS2UJ/Gross+savings.png VietEcon - Looking at current account balances Source: World Bank, chart by Vietecon.com https://www.vietecon.com/vietecon/2019/12/3/tourism-where-does-vietnam-stack-up monthly 0.5 2019-12-03 https://images.squarespace-cdn.com/content/v1/5c2a8c6789c1725fe2a58f09/1575405991629-G5ZGPNEJ8WIY674MNMTJ/Top+10+City.png VietEcon - Tourism: Where does Vietnam stack up? Source: Euromonitor https://images.squarespace-cdn.com/content/v1/5c2a8c6789c1725fe2a58f09/1575406327527-EAZQYIU9ZQ6Z3MZ7D3LF/Asia+visitors.png VietEcon - Tourism: Where does Vietnam stack up? Source; Euromonitor https://images.squarespace-cdn.com/content/v1/5c2a8c6789c1725fe2a58f09/1575406494739-GHYQFKBAU2Q1HCXRR2NF/image-asset.png VietEcon - Tourism: Where does Vietnam stack up? Source: Euromonitor https://www.vietecon.com/vietecon/2019/12/2/ho-chi-minh-drives-economic-activity monthly 0.5 2019-12-02 https://images.squarespace-cdn.com/content/v1/5c2a8c6789c1725fe2a58f09/1575318939902-S19MEZE79KD8XHOP5587/Forecast+GDP+2019.png VietEcon - Hanoi and HCMC drive the growth of Vietnam Source: Vietecon.com https://www.vietecon.com/vietecon/2019/11/29/quick-bites monthly 0.5 2019-11-29 https://www.vietecon.com/vietecon/2019/11/28/t-day monthly 0.5 2019-11-28 https://images.squarespace-cdn.com/content/v1/5c2a8c6789c1725fe2a58f09/1574869453073-AMWI1K0EQS531ZNKZWPS/image-asset.jpeg VietEcon - T-day! Source: Suzy Brooks (@simplysuzy) https://www.vietecon.com/vietecon/2019/11/27/vietnamese-students-in-the-us monthly 0.5 2019-11-27 https://images.squarespace-cdn.com/content/v1/5c2a8c6789c1725fe2a58f09/1574864377552-G4E12F63EEUO3SH5B5K8/image-asset.png VietEcon - Vietnamese students in the US Source: iie https://images.squarespace-cdn.com/content/v1/5c2a8c6789c1725fe2a58f09/1574864914776-7ZXG6CKMB9J90CC5I1VX/VN+students+in+US.png VietEcon - Vietnamese students in the US OPT = Optional practical training. Source: iie https://images.squarespace-cdn.com/content/v1/5c2a8c6789c1725fe2a58f09/1574867517051-JBWG79HHRE8FCRA1XGYP/What+students+study.png VietEcon - Vietnamese students in the US Source: iie https://images.squarespace-cdn.com/content/v1/5c2a8c6789c1725fe2a58f09/1574868386012-AT0EZG5YOKE5QOG4FLCR/image-asset.png VietEcon - Vietnamese students in the US https://www.vietecon.com/vietecon/2019/11/25/casinos-in-southeast-asia monthly 0.5 2019-11-25 https://images.squarespace-cdn.com/content/v1/5c2a8c6789c1725fe2a58f09/1574699022005-ILQBPO05SIQRTA1B7I6W/image-asset.jpeg VietEcon - Casinos in Southeast Asia Source: Frame Harirak (@framemily) https://images.squarespace-cdn.com/content/v1/5c2a8c6789c1725fe2a58f09/1574695426963-3ETUMT6P5PYV6TU94TX8/Cambodian+border+casinos.png VietEcon - Casinos in Southeast Asia Source: Vietecon.com, Realestate.com.kh https://www.vietecon.com/vietecon/2019/11/22/sovereign-rating monthly 0.5 2019-11-22 https://images.squarespace-cdn.com/content/v1/5c2a8c6789c1725fe2a58f09/1574450705189-D3C3RZXCUN8QY8HJAJJK/Sovereign+ratings.png VietEcon - Sovereign rating Source: Moody’s https://www.vietecon.com/vietecon/2019/11/21/medical-tourism monthly 0.5 2019-11-21 https://images.squarespace-cdn.com/content/v1/5c2a8c6789c1725fe2a58f09/1574349111208-ZXKXYKAG5922GBANX4ZH/Saudi+Turkey+hair.png VietEcon - Medical tourism Source: Vietecon.com https://images.squarespace-cdn.com/content/v1/5c2a8c6789c1725fe2a58f09/1574349642191-CAAZ5XWPOZDU57RWMELN/Medical+tourism.png VietEcon - Medical tourism 2018. Source: International Medical Travel Journal via The Thaiger https://www.vietecon.com/vietecon/2019/11/20/new-forms-of-finance monthly 0.5 2019-11-20 https://images.squarespace-cdn.com/content/v1/5c2a8c6789c1725fe2a58f09/1574274263462-1SVEZJFC4VJEYHNBNU8W/Unbanked.png VietEcon - New forms of finance Source: Temasek, Bain and Google https://images.squarespace-cdn.com/content/v1/5c2a8c6789c1725fe2a58f09/1574275177962-W6RYL3JCNWMPQNS4R8UY/Digital+finance+in+SEA.png VietEcon - New forms of finance Source: Temasek, Bain and Google https://images.squarespace-cdn.com/content/v1/5c2a8c6789c1725fe2a58f09/1574277197209-PHF85L3H4BNSV41TWBV6/Funding+in+SEA+internet.png VietEcon - New forms of finance Source: Temasek, Bain and Google https://images.squarespace-cdn.com/content/v1/5c2a8c6789c1725fe2a58f09/1574278006100-5G2KHHYNBPXS8OBVCQBP/e-conomy.png VietEcon - New forms of finance Source: Temasek, Bain and Google https://www.vietecon.com/vietecon/2019/11/19/trade-updates monthly 0.5 2019-11-19 https://images.squarespace-cdn.com/content/v1/5c2a8c6789c1725fe2a58f09/1574195553137-43K3ZT8JAPP9LGONY963/Viet+exp+9M2019.png VietEcon - Trade updates Source: US International Trade Commission data, charts by Vietecon.com https://images.squarespace-cdn.com/content/v1/5c2a8c6789c1725fe2a58f09/1574196770334-KQYVEEVBG67QUJLROWOA/image-asset.png VietEcon - Trade updates Source: US International Trade Commission data, charts by Vietecon.com https://images.squarespace-cdn.com/content/v1/5c2a8c6789c1725fe2a58f09/1574196969848-2LRNQXH4GYVJHKXM45J7/Wood+exports+to+US.png VietEcon - Trade updates Source: US International Trade Commission data, charts by Vietecon.com https://images.squarespace-cdn.com/content/v1/5c2a8c6789c1725fe2a58f09/1574197403424-H9MLFBXJYJVUOWCXKCEZ/Coffee+exports.png VietEcon - Trade updates Source: US International Trade Commission data, charts by Vietecon.com https://images.squarespace-cdn.com/content/v1/5c2a8c6789c1725fe2a58f09/1574198198830-E9N4KP929NFFG7DS51WJ/Iron+and+steel+exports+to+US.png VietEcon - Trade updates Source: US International Trade Commission data, charts by Vietecon.com https://www.vietecon.com/vietecon/2019/11/18/more-data-on-energy-in-vietnam monthly 0.5 2019-11-18 https://images.squarespace-cdn.com/content/v1/5c2a8c6789c1725fe2a58f09/1574087251547-HRJI3PARA0HUEBQWBASO/oil+in+vietnam.png VietEcon - More data on energy in Vietnam Source: BP, chart by Vietecon.com https://images.squarespace-cdn.com/content/v1/5c2a8c6789c1725fe2a58f09/1574087902193-CMBGDGF95GKDZ5K474N6/Gas+in+Vietnam.png VietEcon - More data on energy in Vietnam Source: BP, chart by Vietecon.com https://images.squarespace-cdn.com/content/v1/5c2a8c6789c1725fe2a58f09/1574089919363-2KSR8JOOP54DWLZ645NR/Coal+in+Vietnam.png VietEcon - More data on energy in Vietnam Source: BP, chart by Vietecon.com https://images.squarespace-cdn.com/content/v1/5c2a8c6789c1725fe2a58f09/1574090494294-C6Z46N0A1M6YH1TQPNP1/image-asset.png VietEcon - More data on energy in Vietnam Source: BP, chart by Vietecon.com https://images.squarespace-cdn.com/content/v1/5c2a8c6789c1725fe2a58f09/1574091064071-C4RBOKS9FGL63D46M4XS/Oil+prices+through+history.png VietEcon - More data on energy in Vietnam Source: BP, chart by Vietecon.com https://www.vietecon.com/vietecon/2019/11/15/energy-data monthly 0.5 2019-11-15 https://images.squarespace-cdn.com/content/v1/5c2a8c6789c1725fe2a58f09/1573850948979-7QF0RO07MKORPM1GWT67/Energy+in+vietnam.png VietEcon - Energy - data Source: BP, chart by Vietecon.com https://images.squarespace-cdn.com/content/v1/5c2a8c6789c1725fe2a58f09/1573851330771-7B8PMZ003U0B1TLJ5MJU/Elec+generation+by+type.png VietEcon - Energy - data Source: BP, chart by Vietecon.com https://images.squarespace-cdn.com/content/v1/5c2a8c6789c1725fe2a58f09/1573851691548-AD94I21PC9CBAFDDKS1L/Asean+energy+cons+cap.png VietEcon - Energy - data Source: BP, chart by Vietecon.com https://images.squarespace-cdn.com/content/v1/5c2a8c6789c1725fe2a58f09/1573855368568-4L47I0OK3N87SE4WZNXU/ASEAN+energy+effic.png VietEcon - Energy - data Source: BP, World Bank, calculation and chart by vietecon.com https://images.squarespace-cdn.com/content/v1/5c2a8c6789c1725fe2a58f09/1573855621029-JT8JINK1NQHTNBZ2U93X/Energy+cons+per+cap+world.png VietEcon - Energy - data Source: BP, chart by vietecon.com https://www.vietecon.com/vietecon/2019/11/14/korean-trade monthly 0.5 2019-11-14 https://images.squarespace-cdn.com/content/v1/5c2a8c6789c1725fe2a58f09/1573748909891-2D9HVB7IEUVWXCRVHCQ7/ASEAN+trade+w+VN.png VietEcon - Korean trade YTD through October 2019. Source: Vietnam Customs https://images.squarespace-cdn.com/content/v1/5c2a8c6789c1725fe2a58f09/1573748939309-DLR42NCC3AUZSK8VZLIA/Major+trading+partners+w+VN.png VietEcon - Korean trade YTD through October 2019. Source: Vietnam Customs https://images.squarespace-cdn.com/content/v1/5c2a8c6789c1725fe2a58f09/1573750381527-WFH2R66TP5S0VCFTVTEJ/Trade+flows.png VietEcon - Korean trade Source: Vietecon.com https://www.vietecon.com/vietecon/2019/11/13/contrarianism-and-a-buoyant-stock-market monthly 0.5 2019-11-13 https://images.squarespace-cdn.com/content/v1/5c2a8c6789c1725fe2a58f09/1573654766908-O7WIOZW3B7CYT7610DR3/Fear+%26+greed+Nov+12+2019.png VietEcon - Contrarianism and a buoyant stock market Source: CNN https://images.squarespace-cdn.com/content/v1/5c2a8c6789c1725fe2a58f09/1573658688407-AD2O234C6PMH0AHYKSSG/VN+index+10+year+to+Nov19.png VietEcon - Contrarianism and a buoyant stock market Source: Stockbiz.vn https://images.squarespace-cdn.com/content/v1/5c2a8c6789c1725fe2a58f09/1573658911825-D3JXXQGINYX89J45ATGL/image-asset.jpeg VietEcon - Contrarianism and a buoyant stock market https://www.vietecon.com/vietecon/2019/11/12/aes-and-natural-gas-plant monthly 0.5 2019-11-12 https://www.vietecon.com/vietecon/2019/11/10/review-the-bride-test-by-helen-hoang monthly 0.5 2019-11-10 https://images.squarespace-cdn.com/content/v1/5c2a8c6789c1725fe2a58f09/1572971288182-M4M2YRLPMFU713TS7DD6/image-asset.png VietEcon - Review: The Bride Test by Helen Hoang Source: Louis-Jacques Dorais https://www.vietecon.com/vietecon/2019/11/7/new-laws-fdi-and-solar monthly 0.5 2019-12-19 https://images.squarespace-cdn.com/content/v1/5c2a8c6789c1725fe2a58f09/1573165587838-AJHCI5RUKXC3BOLLIJJM/Solar+cost.png VietEcon - New laws - FDI and Solar Source: EIA https://www.vietecon.com/vietecon/2019/11/6/looking-at-the-stock-market monthly 0.5 2019-11-07 https://images.squarespace-cdn.com/content/v1/5c2a8c6789c1725fe2a58f09/1573055669886-5SR3TM8F6ASCQ4IPA4DN/VN+Index+YTD+06Nov19.png VietEcon - Looking at the stock market - buybacks = bad Source: Bloomberg https://images.squarespace-cdn.com/content/v1/5c2a8c6789c1725fe2a58f09/1573055813376-HVG9GDFARQIJGIQP89LS/VN+Index+1Y+06Nov19.png VietEcon - Looking at the stock market - buybacks = bad Source: Bloomberg https://images.squarespace-cdn.com/content/v1/5c2a8c6789c1725fe2a58f09/1573055832160-YA86IOCDDBCVY3HH3H1B/VN+Index+5Y+06Nov19.png VietEcon - Looking at the stock market - buybacks = bad Source: Bloomberg https://www.vietecon.com/vietecon/2019/11/5/follow-up-on-uber monthly 0.5 2019-11-05 https://images.squarespace-cdn.com/content/v1/5c2a8c6789c1725fe2a58f09/1572972509736-F12ZWRUY81WVA0FYOFJW/UberEats+updated+EBITDA.png VietEcon - Follow up on Uber Source: Uber https://www.vietecon.com/vietecon/2019/11/4/food-delivery monthly 0.5 2019-11-04 https://images.squarespace-cdn.com/content/v1/5c2a8c6789c1725fe2a58f09/1572885653589-ZLK8Y18Y2HF112MHGSXZ/image-asset.png VietEcon - Food Delivery Source: Uber S-1 https://images.squarespace-cdn.com/content/v1/5c2a8c6789c1725fe2a58f09/1572887076839-BVVOLJ15QVD90D28KUSK/gross+bookings+Uber+Eats+Grub+Hub.png VietEcon - Food Delivery Source: Company data, Vietecon.com https://www.vietecon.com/vietecon/2019/10/31/logistics-news monthly 0.5 2019-11-01 https://images.squarespace-cdn.com/content/v1/5c2a8c6789c1725fe2a58f09/1572525318364-I5LDJT1ME3SI18Q76WCT/Pirates.png VietEcon - Logistics news Source: World Atlas. I don’t really know what time period this is for, but who cares! PIRATES! https://images.squarespace-cdn.com/content/v1/5c2a8c6789c1725fe2a58f09/1572531398660-4LVGLIA5A4HQXSFM71W1/image-asset.png VietEcon - Logistics news https://www.vietecon.com/vietecon/2019/10/30/what-southern-vietnam-will-look-like-in-2050 monthly 0.5 2019-10-30 https://images.squarespace-cdn.com/content/v1/5c2a8c6789c1725fe2a58f09/1572449928644-QQX21Y7F3LBFGEUX0TBF/Global+warming+HCMC.png VietEcon - What southern Vietnam will look like in 2050 Source: New York Times https://www.vietecon.com/vietecon/2019/10/29/informal-and-formal-credit monthly 0.5 2019-10-29 https://images.squarespace-cdn.com/content/v1/5c2a8c6789c1725fe2a58f09/1572358777713-TDO0W6B65ZI9ODARHRDG/Nonbank+consumer+credit.png VietEcon - Informal and formal credit Source: StoxPlus 2018 via VIR https://images.squarespace-cdn.com/content/v1/5c2a8c6789c1725fe2a58f09/1572385114667-9AEK4BX91A6ZJE3K4N0D/Bank+accounts.png VietEcon - Informal and formal credit The vast majority of Vietnamese did not have bank accounts in 2017. Source: World Bank https://www.vietecon.com/vietecon/2019/10/28/sad-deaths-in-britain monthly 0.5 2019-10-28 https://images.squarespace-cdn.com/content/v1/5c2a8c6789c1725fe2a58f09/1572283680934-TDI9MHFTLB3NMU8I33MB/Remittances.png VietEcon - Sad deaths in Britain Source: World Bank, data as of Oct. 2019 https://www.vietecon.com/vietecon/2019/10/25/friday-roundup monthly 0.5 2019-10-25 https://images.squarespace-cdn.com/content/v1/5c2a8c6789c1725fe2a58f09/1572014970367-KZISFVB9K2T5RPAKZLDU/Vinamilk+stock.png VietEcon - Friday roundup Source: Vietstock https://www.vietecon.com/vietecon/2019/10/23/returns-and-dupont monthly 0.5 2019-10-24 https://images.squarespace-cdn.com/content/v1/5c2a8c6789c1725fe2a58f09/1571934354366-WV3N72ELMCW38RU73KNZ/VNM+debt-to-equity+revised.png VietEcon - Returns and Dupont Source: Company data, Vietecon.com, Vietstock https://images.squarespace-cdn.com/content/v1/5c2a8c6789c1725fe2a58f09/1571934383073-H5PEL4Z33UZSZF1HEOW4/VNM+debt+service+revised.png VietEcon - Returns and Dupont Source: Company data, Vietecon.com, Vietstock https://images.squarespace-cdn.com/content/v1/5c2a8c6789c1725fe2a58f09/1571865489455-DYN29L5GARHF1KQ1F5XV/VNM+RoA+RoE.png VietEcon - Returns and Dupont Source: Company data, Vietecon.com, Vietstock.com https://images.squarespace-cdn.com/content/v1/5c2a8c6789c1725fe2a58f09/1571935917075-6LSYUBIK1UK9MYDRIAK4/VNM+DuPont+Analysis.png VietEcon - Returns and Dupont Assets/equity=RHS. Source: Vietecon.com https://www.vietecon.com/vietecon/2019/10/22/debt-burdens-at-the-company-level-not-so-bad monthly 0.5 2019-10-23 https://images.squarespace-cdn.com/content/v1/5c2a8c6789c1725fe2a58f09/1571841395411-ESQLIXTFEEV9CJ77FJCK/RE+cap+rates.png VietEcon - Debt burdens at the company level - not so bad Source: American Council of Life Insurers (ACLI) and Real Capital Analytics (RCA), via Bernstein Journal https://images.squarespace-cdn.com/content/v1/5c2a8c6789c1725fe2a58f09/1571842223728-GBL3U3QF4XLNB3LEO5QV/VNM+debt-to-equity.png VietEcon - Debt burdens at the company level - not so bad Source: Company data, Vietecon.com, Vietstock https://images.squarespace-cdn.com/content/v1/5c2a8c6789c1725fe2a58f09/1571842625415-PN098XEOKXMN38VR01TP/VNM+debt+service.png VietEcon - Debt burdens at the company level - not so bad Source: Company data, Vietecon.com, Vietstock https://www.vietecon.com/vietecon/2019/10/21/national-assembly monthly 0.5 2019-10-22 https://images.squarespace-cdn.com/content/v1/5c2a8c6789c1725fe2a58f09/1571672354446-ZSAEVECBT5VKOFQCCS4K/14th+National+Assembly.png VietEcon - National Assembly https://www.vietecon.com/vietecon/2019/10/17/how-to-find-true-earnings-of-a-company monthly 0.5 2019-10-21 https://images.squarespace-cdn.com/content/v1/5c2a8c6789c1725fe2a58f09/1571325374992-QQ0Z88VUEMQBC3NNQ6LO/adjustments+number+value.png VietEcon - How to find the core earnings of a company Source: Rouen, So & Wang (2019) https://www.vietecon.com/vietecon/2019/10/16/exchange-rates-and-inflation-the-case-of-vietnam monthly 0.5 2019-10-18 https://images.squarespace-cdn.com/content/v1/5c2a8c6789c1725fe2a58f09/1571261385951-F359U516OCOL5BNUMPV8/Price+vs+exchange.png VietEcon - Exchange rates and inflation - the case of Vietnam Notes: Left axis (index, 2010=100): consumer (CPI), import (IMP) and producer (PPI) prices. Right axis: USD/VND exchange rate. Source: SEACEN, page 327 https://images.squarespace-cdn.com/content/v1/5c2a8c6789c1725fe2a58f09/1571263033823-J7LPAZM87WP1MQ07JULZ/Price+vs+exchange+table.png VietEcon - Exchange rates and inflation - the case of Vietnam Source: Dang Thi Quynh Anh, Pham Duc Anh, and Le Thi Phuong Hoa (pg 335) https://www.vietecon.com/vietecon/2019/10/16/household-debt-is-it-driving-credit-growth monthly 0.5 2019-10-16 https://images.squarespace-cdn.com/content/v1/5c2a8c6789c1725fe2a58f09/1571234073549-IQJMBTY310ICG55V1T5L/Getting+credit.png VietEcon - Household debt - is it driving credit growth? Source: World Bank Doing Business https://images.squarespace-cdn.com/content/v1/5c2a8c6789c1725fe2a58f09/1571235096477-82BWYSUX26RD3Q5ZRZOR/domestic+credit+%26+household+credit.png VietEcon - Household debt - is it driving credit growth? Source: The SEACEN Center for household debt, World Bank for domestic credit https://images.squarespace-cdn.com/content/v1/5c2a8c6789c1725fe2a58f09/1571238121973-OXOULOQSU7BP0VAW2I9I/Interest+rates.png VietEcon - Household debt - is it driving credit growth? Source: World Bank https://images.squarespace-cdn.com/content/v1/5c2a8c6789c1725fe2a58f09/1571238242552-OC5MZ5WLXRSYGBST5OE5/Home+loans+vietnam.png VietEcon - Household debt - is it driving credit growth? HPI = Housing price index. Source: SEACEN https://www.vietecon.com/vietecon/2019/10/14/labor-updates monthly 0.5 2019-10-15 https://images.squarespace-cdn.com/content/v1/5c2a8c6789c1725fe2a58f09/1571150049702-MGY7Q0VDRRRD5D561ASB/Labor+productivity.png VietEcon - Labor updates Source: World Bank. (pg 22) https://images.squarespace-cdn.com/content/v1/5c2a8c6789c1725fe2a58f09/1571152617527-37Q0FK6XZZZYH58HM4BB/Tertiary+education.png VietEcon - Labor updates Source: World Bank https://www.vietecon.com/vietecon/2019/10/11/yum-vietnam-as-the-center-of-insect-food monthly 0.5 2019-10-11 https://www.vietecon.com/vietecon/2019/10/10/central-banks-driving-stock-returns monthly 0.5 2019-10-10 https://images.squarespace-cdn.com/content/v1/5c2a8c6789c1725fe2a58f09/1570723744128-2MYPXIF61PTX4CCVWX5U/DB+returns.png VietEcon - Do central banks drive stock returns? Hat tip: Marketwatch https://images.squarespace-cdn.com/content/v1/5c2a8c6789c1725fe2a58f09/1570725253108-AXU87W4PC1CWMZG8JV4H/Discount+rate.png VietEcon - Do central banks drive stock returns? Source: Vietecon.com https://www.vietecon.com/vietecon/2019/10/9/big-cities-sign-climate-agreement monthly 0.5 2019-10-09 https://images.squarespace-cdn.com/content/v1/5c2a8c6789c1725fe2a58f09/1570643585861-LD7IU95NBZO722YOGOO0/C40+cities.png VietEcon - Big cities sign climate agreement Source: C40 https://www.vietecon.com/vietecon/2019/10/8/air-quality monthly 0.5 2019-10-08 https://images.squarespace-cdn.com/content/v1/5c2a8c6789c1725fe2a58f09/1570540707858-FNVRBZLBWYJ7QL4V1H3A/AQI+8+Oct+2019.png VietEcon - Air quality https://images.squarespace-cdn.com/content/v1/5c2a8c6789c1725fe2a58f09/1570542633508-PSKQRHL74WK5OTV9XYFY/Air+pollution+DALYs.png VietEcon - Air quality DALYs = disability-adjusted life year, or years lost to disability or death. Source: WHO https://www.vietecon.com/vietecon/2019/10/7/climate-change-refugees monthly 0.5 2019-10-07 https://images.squarespace-cdn.com/content/v1/5c2a8c6789c1725fe2a58f09/1570472517199-BI8O72B93W426X7913UZ/Urbanization.png VietEcon - Climate change refugees Source: World Bank https://www.vietecon.com/vietecon/2019/10/4/property-woes monthly 0.5 2019-10-04 https://images.squarespace-cdn.com/content/v1/5c2a8c6789c1725fe2a58f09/1570219796030-5KX2WZTR78843508QKNZ/Madison.jpg VietEcon - Property woes Madison by Novaland. Source; Novaland https://www.vietecon.com/vietecon/2019/10/2/bank-credit monthly 0.5 2019-10-03 https://images.squarespace-cdn.com/content/v1/5c2a8c6789c1725fe2a58f09/1570042880093-GR6AJ2Z3KVWK7UMNRK8Y/domestic+credit+to+GDP+ASEAN.png VietEcon - Bank credit Source: World Bank https://images.squarespace-cdn.com/content/v1/5c2a8c6789c1725fe2a58f09/1570045572549-2211HRJBTI6XZ1XY6LVO/gdp+per+capita+vs+debt+VN+SK.png VietEcon - Bank credit Source: World Bank https://images.squarespace-cdn.com/content/v1/5c2a8c6789c1725fe2a58f09/1570047350321-XXCK8RFAMDEM6MYSIPUJ/gdp+per+capita+vs+debt+US+JP.png VietEcon - Bank credit Source: World Bank https://www.vietecon.com/vietecon/2019/10/1/more-on-banks-capital-needed monthly 0.5 2019-10-01 https://images.squarespace-cdn.com/content/v1/5c2a8c6789c1725fe2a58f09/1569943595470-8I1D30FFTB3JE10KU24N/Bank+april+2019.png VietEcon - More on banks - capital needed As of April 2019. Source: State Bank of Vietnam https://www.vietecon.com/vietecon/2019/9/30/banks-in-vietnam monthly 0.5 2019-09-30 https://images.squarespace-cdn.com/content/v1/5c2a8c6789c1725fe2a58f09/1569876692620-LNA9AFCDTA3EGHDFTYA5/Credit+to+deposit+ratio.png VietEcon - Banks in Vietnam https://images.squarespace-cdn.com/content/v1/5c2a8c6789c1725fe2a58f09/1569878245825-TE7SWCZHPGSR735GWN9M/Assets+banks.png VietEcon - Banks in Vietnam Source: State Bank of Vietnam https://www.vietecon.com/vietecon/2019/9/27/trade-imbalance-has-logistic-implications-too monthly 0.5 2019-09-27 https://images.squarespace-cdn.com/content/v1/5c2a8c6789c1725fe2a58f09/1569609198294-E46C7Q2CA11JVFI0IATN/Freight+carried.png VietEcon - Trade imbalance has logistic implications too Source: General Statistics Office of Vietnam https://www.vietecon.com/vietecon/2019/9/26/ab-inbev-ipos-aisan-subsidariary-what-will-that-mean-for-vietnam monthly 0.5 2019-09-26 https://images.squarespace-cdn.com/content/v1/5c2a8c6789c1725fe2a58f09/1569512670073-XGWIJBBGVCI4TYB9RQXX/Alcohol+mkt+share.png VietEcon - AB InBev IPO's Aisan subsidariary - what will that mean for Vietnam? source: Globaldata, via Ab Inbev prospectus https://images.squarespace-cdn.com/content/v1/5c2a8c6789c1725fe2a58f09/1569512833091-JT9IQ8G72FGAVSIQJR3A/Beer+mkt+share.png VietEcon - AB InBev IPO's Aisan subsidariary - what will that mean for Vietnam? source: Globaldata, via Ab Inbev prospectus https://images.squarespace-cdn.com/content/v1/5c2a8c6789c1725fe2a58f09/1569513224476-VX4DGUWNUL7P4Y8VH5Y9/Beer+mkt+share.png VietEcon - AB InBev IPO's Aisan subsidariary - what will that mean for Vietnam? source: Globaldata, via Ab Inbev prospectus https://www.vietecon.com/vietecon/2019/9/25/private-equity-investments-in-emerging-markets monthly 0.5 2019-09-25 https://images.squarespace-cdn.com/content/v1/5c2a8c6789c1725fe2a58f09/1569440218627-5FKQUAH5H9TIM0BX16QS/LP+interest+in+markets.png VietEcon - Private equity investments in Emerging markets Source: EMPEA https://images.squarespace-cdn.com/content/v1/5c2a8c6789c1725fe2a58f09/1569441661972-KD61SMBNWS9LT4LQ5V1M/Fundraising+for+PE.png VietEcon - Private equity investments in Emerging markets Fundraising by type of fund. Source: EMPEA https://images.squarespace-cdn.com/content/v1/5c2a8c6789c1725fe2a58f09/1569441824634-HBGH0SY9JI7H6CYT6A4X/VC+investment+in+ASEAN.png VietEcon - Private equity investments in Emerging markets Southeast Asia Venture Capital Investment by Stage, 2016-1H 2019. Source: EMPEA https://www.vietecon.com/vietecon/2019/9/24/f1-and-tourism monthly 0.5 2019-09-25 https://images.squarespace-cdn.com/content/v1/5c2a8c6789c1725fe2a58f09/1569438896848-ELMNU40CJT4G9WI0U1M7/F1+spectators.png VietEcon - F1 and Tourism SOURCE: FORMULA1.COM https://images.squarespace-cdn.com/content/v1/5c2a8c6789c1725fe2a58f09/1569438921955-IYDMFL9ZS7XETHT3Y19M/F1+sponsor.png VietEcon - F1 and Tourism SOURCE: FORMULA MONEY https://www.vietecon.com/vietecon/2019/9/23/vietnam-beats-renewables-goal-a-year-early monthly 0.5 2019-09-25 https://images.squarespace-cdn.com/content/v1/5c2a8c6789c1725fe2a58f09/1569438827804-X3XYOSMBD8KMUIW6ADZH/Solar+%26+wind.png VietEcon - Vietnam beats renewables goal a year early SOURCE: MOIT BY WAY OF IEFFA https://www.vietecon.com/vietecon/2019/9/19/mwczhh6223cr9443kmiop3eroa2on2 monthly 0.5 2019-09-25 https://images.squarespace-cdn.com/content/v1/5c2a8c6789c1725fe2a58f09/1569438734364-BG9ZUXSK6L05SRCRO6S7/Natural+gas+prices.png VietEcon - Even more on gas NATURAL GAS PRICES. SOURCE: MARKETS INSIDER https://www.vietecon.com/vietecon/2019/9/18/more-on-oil-and-gas-in-the-south-china-sea monthly 0.5 2019-09-25 https://www.vietecon.com/vietecon/2019/9/17/oil-prices monthly 0.5 2019-09-25 https://images.squarespace-cdn.com/content/v1/5c2a8c6789c1725fe2a58f09/1569438627089-9P8WYO3NWO4LQ08W9BG6/Oil+prices.png VietEcon - Oil prices OIL PRICES IN USD. SOURCE: MARKETS INSIDER https://images.squarespace-cdn.com/content/v1/5c2a8c6789c1725fe2a58f09/1569438652578-956C4PRH31DW9BLX35MW/Oil+price+sensitivity.png VietEcon - Oil prices SOURCE: VIETECON.COM https://www.vietecon.com/vietecon/2019/9/16/work-patterns-and-joining-the-labor-cycle-at-different-points monthly 0.5 2019-09-25 https://images.squarespace-cdn.com/content/v1/5c2a8c6789c1725fe2a58f09/1569438548989-CTXJ0LEUEI80R36VFAC1/ecommerce+SEA.png VietEcon - Work patterns and joining the labor cycle at different points E-COMMERCE SALES. SOURCE: GOOGLE & TEMASEK https://images.squarespace-cdn.com/content/v1/5c2a8c6789c1725fe2a58f09/1569438576698-DTB149VCNQ3LYJBAK3AA/Online+transport.png VietEcon - Work patterns and joining the labor cycle at different points ONLINE TRANSPORT & FOOD DELIVERY. SOURCE: GOOGLE & TEMASEK https://www.vietecon.com/vietecon/2019/9/13/big-news-central-bank-lowers-interest-rates monthly 0.5 2019-09-25 https://images.squarespace-cdn.com/content/v1/5c2a8c6789c1725fe2a58f09/1569438413782-VN4VKT5VWP7NP8C6BKEI/Inflation+ASEAN.png VietEcon - Big news: Central Bank lowers interest rates! PERCENTAGE CHANGE IN CONSUMER PRICES IN ASEAN. SOURCE; WORLD BANK https://www.vietecon.com/vietecon/2019/9/12/equity-versus-debt monthly 0.5 2019-09-25 https://images.squarespace-cdn.com/content/v1/5c2a8c6789c1725fe2a58f09/1569438298932-ETAA3Z1RP45DNOY8SLFZ/External+debt+stock.png VietEcon - Equity versus Debt SOURCE: WORLD BANK https://www.vietecon.com/vietecon/2019/9/11/round-up monthly 0.5 2019-09-25 https://images.squarespace-cdn.com/content/v1/5c2a8c6789c1725fe2a58f09/1569438166445-Y41YPI37Z23CRURAN515/airline+wing.jpeg VietEcon - Round up SOURCE: KHANH DAY NYUGEN (@NDKHANS) https://www.vietecon.com/vietecon/2019/9/10/vingroup-gets-even-bigger monthly 0.5 2019-09-25 https://www.vietecon.com/vietecon/2019/9/9/market-correlations monthly 0.5 2019-09-25 https://images.squarespace-cdn.com/content/v1/5c2a8c6789c1725fe2a58f09/1569419815300-L3Z318VJRI748QIRHSL2/Regression+VNM+S%26P.png VietEcon - Market correlations SOURCE: YAHOO FINANCE DATA, VIETECON.COM https://www.vietecon.com/vietecon/2019/9/6/labour-trends-in-vietnam-urbanization monthly 0.5 2019-09-25 https://images.squarespace-cdn.com/content/v1/5c2a8c6789c1725fe2a58f09/1569419680728-F202LM4TIJ9VC3D5PN0I/Urbanization.png VietEcon - Labour trends in Vietnam - urbanization URBANIZATION PERCENTAGES SOURCE: WORLD BANK https://www.vietecon.com/vietecon/2019/9/5/frogger-in-vietnam monthly 0.5 2019-09-25 https://images.squarespace-cdn.com/content/v1/5c2a8c6789c1725fe2a58f09/1569419553444-NB37CNU8PJXEJMAUIZA9/traffic.jpeg VietEcon - Frogger in Vietnam SOURCE: CHRIS SLUPSKI, @KSLUPSKI https://images.squarespace-cdn.com/content/v1/5c2a8c6789c1725fe2a58f09/1569419577273-VY2ZU7BH112G6FZNMFLM/Traffic+deaths+ASEAN.png VietEcon - Frogger in Vietnam SOURCE: WHO https://images.squarespace-cdn.com/content/v1/5c2a8c6789c1725fe2a58f09/1569419616703-1HQFX04TLZKXLJ3C38UT/Cause+of+death+ASEAN.png VietEcon - Frogger in Vietnam SOURCE: IHME, GLOBAL BURDEN OF DISEASE https://www.vietecon.com/vietecon/2019/9/4/babys-back-plus-trade-data monthly 0.5 2019-09-25 https://images.squarespace-cdn.com/content/v1/5c2a8c6789c1725fe2a58f09/1569419409799-CWSO4R3WSL995L6K71KT/Trade+balance+June+2019+%28w.China%29.png VietEcon - Baby’s back! Plus trade data THE US BALANCE OF PAYMENTS IN GOODS IN JUNE 2019 COMPARED TO 2018. https://images.squarespace-cdn.com/content/v1/5c2a8c6789c1725fe2a58f09/1569419431395-1B2VBYMIOWRABIGJAHNW/Trade+balance+June+2019+%28w.o.China%29.png VietEcon - Baby’s back! Plus trade data THE US BALANCE OF PAYMENTS IN GOODS IN JUNE 2019 COMPARED TO 2018. https://www.vietecon.com/vietecon/2019/8/13/real-estate-investments-in-vietnam-the-case-of-keppel monthly 0.5 2019-09-25 https://images.squarespace-cdn.com/content/v1/5c2a8c6789c1725fe2a58f09/1569419222013-L7ZYS0C0V7WO0A1MVEC3/Keppler+assumptions.png VietEcon - Real estate investments in Vietnam - the case of Keppel SOURCE: VIETECON.COM, COMPANY DATA https://images.squarespace-cdn.com/content/v1/5c2a8c6789c1725fe2a58f09/1569419287771-TCJ2K2MHX4PIJYGW7FHO/Keppler+sensitivity.png VietEcon - Real estate investments in Vietnam - the case of Keppel COC = COST OF CAPITAL. SOURCE: VIETECON.COM https://images.squarespace-cdn.com/content/v1/5c2a8c6789c1725fe2a58f09/1569419308245-CDKUA45H806CI5L4O36C/Keppler+NPV.png VietEcon - Real estate investments in Vietnam - the case of Keppel ALL NUMBERS IN VNDBN, UNLESS OTHERWISE NOTED. SOURCE: VIETECON.COM https://www.vietecon.com/vietecon/2019/8/6/on-earth-were-briefly-gorgeous-by-ocean-vuong monthly 0.5 2019-09-25 https://www.vietecon.com/vietecon/2019/8/2/emerging-market-flows monthly 0.5 2019-09-25 https://images.squarespace-cdn.com/content/v1/5c2a8c6789c1725fe2a58f09/1569419007656-PVT6IPE7ZKDJRJE4ZSPO/Equity+flows+by+month.png VietEcon - Emerging market flows SOURCE: IIF, BLOOMBERG https://images.squarespace-cdn.com/content/v1/5c2a8c6789c1725fe2a58f09/1569419043354-RYHN8Q6FJXDYVMJ1KSO4/Equity+flows+by+year.png VietEcon - Emerging market flows SOURCE: IIF, BLOOMBERG https://www.vietecon.com/vietecon/2019/8/1/sick-day monthly 0.5 2019-09-25 https://www.vietecon.com/vietecon/2019/7/31/labour-trends-in-vietnam-aging monthly 0.5 2019-09-25 https://images.squarespace-cdn.com/content/v1/5c2a8c6789c1725fe2a58f09/1569418912881-COWFZEXY0A3FRNHDGP1U/Pop+35%2B.png VietEcon - Labour trends in Vietnam - aging SOURCE: WORLD BANK, VIETECON.COM CALCULATIONS https://www.vietecon.com/vietecon/2019/7/30/trade-and-beyond-meat monthly 0.5 2019-09-25 https://images.squarespace-cdn.com/content/v1/5c2a8c6789c1725fe2a58f09/1569418825833-DPU33QZ7PIPPF38QFHIN/US+goods+surplus+2018.png VietEcon - Trade and Beyond Meat GOODS TRADE SURPLUS (THIS REPRESENTS A DEFICIT FOR THE US), 2018. SOURCE: US CENSUS BUREAU BY WAY OF BLOOMBERG https://www.vietecon.com/vietecon/2019/7/29/vietnam-wins-and-loses-some-in-the-trade-war-but-mostly-wins monthly 0.5 2019-09-25 https://www.vietecon.com/vietecon/2019/7/26/south-china-sea monthly 0.5 2019-09-25 https://images.squarespace-cdn.com/content/v1/5c2a8c6789c1725fe2a58f09/1569418725466-A27VJFXGAIJ2V55NC6K0/South+China+sea+ship+activity.png VietEcon - South China Sea FROM TWITTER @RDMARTINSON88 https://www.vietecon.com/vietecon/2019/7/25/minh-phu-buy-case monthly 0.5 2019-09-25 https://images.squarespace-cdn.com/content/v1/5c2a8c6789c1725fe2a58f09/1569418638442-AX5USJCW3EI1KJYK2429/Minh+Phu+comps.png VietEcon - Minh Phu - Buy Case SOURCE: COMPANY DATA, BLOOMBERG, VIETSTOCK.COM, VIETECON.COM CALCULATIONS https://www.vietecon.com/vietecon/2019/7/24/minh-phu monthly 0.5 2019-09-25 https://images.squarespace-cdn.com/content/v1/5c2a8c6789c1725fe2a58f09/1569418557095-SJCH9HX540YIKER66ZFJ/Minh+Phu+rev+%26+gross+profit.png VietEcon - Minh Phu SOURCE: COMPANY DATA https://images.squarespace-cdn.com/content/v1/5c2a8c6789c1725fe2a58f09/1569418578605-1FWV5VCRBZ0OO60N5Z3J/Minh+Phu+margins+returns.png VietEcon - Minh Phu SOURCE: COMPANY DATA, VIETECON.COM CALCULATIONS https://www.vietecon.com/vietecon/2019/7/23/shrimp-from-vietnam monthly 0.5 2019-09-25 https://images.squarespace-cdn.com/content/v1/5c2a8c6789c1725fe2a58f09/1569418438742-OOPKVB7SMQUEAGV129UD/shrimp.jpeg VietEcon - Shrimp from Vietnam PHOTO BY AM FL @AMFL https://images.squarespace-cdn.com/content/v1/5c2a8c6789c1725fe2a58f09/1569418461342-QGKUW8TRNFLI54FK1RXX/Food+exports+Vietna.png VietEcon - Shrimp from Vietnam FOOD EXPORTS LARGE AND STILL GROWING. SOURCE: WORLD BANK https://images.squarespace-cdn.com/content/v1/5c2a8c6789c1725fe2a58f09/1569418492683-U1P3DJQUPIWLQWUOZCQG/Minh+Phu.png VietEcon - Shrimp from Vietnam MINH PHU EXPORTS, 2017-1H2019. SOURCE: COMPANY DATA https://www.vietecon.com/vietecon/2019/7/22/go-viet-and-the-gig-economy monthly 0.5 2019-09-25 https://images.squarespace-cdn.com/content/v1/5c2a8c6789c1725fe2a58f09/1569418350677-U3Q6L7SKE4EBW47F8P4J/scooter2.jpeg VietEcon - Go-Viet and the gig economy PHOTO BY RENE DE ANDA (@RENEDEANDA) https://images.squarespace-cdn.com/content/v1/5c2a8c6789c1725fe2a58f09/1569418373708-FJFZN69LIM6LRFOUIJVQ/Go-Viet+bonus+system.png VietEcon - Go-Viet and the gig economy SOURCE: VNEXPRESS https://www.vietecon.com/vietecon/2019/7/19/huawei monthly 0.5 2019-09-25 https://images.squarespace-cdn.com/content/v1/5c2a8c6789c1725fe2a58f09/1569418092477-ZSPLY5BR903K4Y21YW6A/5G+carriers.png VietEcon - Huawei SOURCE: SOUTH CHINA MORNING POST https://www.vietecon.com/vietecon/2019/7/18/trash monthly 0.5 2019-09-25 https://images.squarespace-cdn.com/content/v1/5c2a8c6789c1725fe2a58f09/1569418015151-YMYPDSJCFQ3ZNY4VP34M/Waste+in+ASEAN.png VietEcon - Trash SOURCE: UN https://images.squarespace-cdn.com/content/v1/5c2a8c6789c1725fe2a58f09/1569418036591-K7O2W5LL2EE5E1ZCWUVO/Waste+by+type+in+ASEAN.png VietEcon - Trash SOURCE: UN https://www.vietecon.com/vietecon/2019/7/17/labor-news monthly 0.5 2019-09-25 https://www.vietecon.com/vietecon/2019/7/16/flooding-in-ho-chi-minh-city monthly 0.5 2019-09-25 https://images.squarespace-cdn.com/content/v1/5c2a8c6789c1725fe2a58f09/1569417866253-ZQ1GJLQ2DVT76QJ5AJBZ/HCMC+temp+prec.png VietEcon - Flooding in Ho Chi Minh City SOURCE: CLIMATE-DATA.ORG https://images.squarespace-cdn.com/content/v1/5c2a8c6789c1725fe2a58f09/1569417893675-L6DJZ8AX1ORIB599KEO8/Precip+by+country.png VietEcon - Flooding in Ho Chi Minh City SOURCE: WORLD BANK https://www.vietecon.com/vietecon/2019/7/15/eclat-textiles monthly 0.5 2019-09-25 https://images.squarespace-cdn.com/content/v1/5c2a8c6789c1725fe2a58f09/1569417793580-IENMMWUC5ZJYDNCFJ8R1/Eclat+stock.png VietEcon - Eclat Textiles SOURCE: YAHOO FINANCE https://www.vietecon.com/vietecon/2019/7/12/ports-and-investments monthly 0.5 2019-09-25 https://images.squarespace-cdn.com/content/v1/5c2a8c6789c1725fe2a58f09/1569417650616-2NJNCE1OXXY7IG0I4IJM/Gemadept+stock+price+7.12.2019.png VietEcon - Ports and investments GEMADEPT STOCK PRICE. SOURCE: VIETSTOCK https://www.vietecon.com/vietecon/2019/7/11/the-health-of-swine-swine-flu-outbreak monthly 0.5 2019-09-25 https://images.squarespace-cdn.com/content/v1/5c2a8c6789c1725fe2a58f09/1569417544065-WJUND89Q4E505EEFOFY1/Pigs+worldwide.png VietEcon - The health of swine – swine flu outbreak SOURCE: UN FAO https://www.vietecon.com/vietecon/2019/7/10/the-health-of-humans-dengue-outbreak monthly 0.5 2019-09-25 https://images.squarespace-cdn.com/content/v1/5c2a8c6789c1725fe2a58f09/1569417451590-G1DKCLTZIMGHKXMBG6BB/Dengue+daly+ASEAN.png VietEcon - The health of humans - Dengue outbreak DAT FOR 2004. DALY = DISABILITY-ADJUSTED LIFE YEAR, OR THE NUMBER OF YEARS LOST DUE TO ILL-HEALTH, DISABILITY OR EARLY DEATH. SOURCE: WHO https://images.squarespace-cdn.com/content/v1/5c2a8c6789c1725fe2a58f09/1569417483765-HJNWHNP23EN9V93DKOU0/Dengue+deaths+ASEAN.png VietEcon - The health of humans - Dengue outbreak DATA FOR 2004. SOURCE: WHO https://www.vietecon.com/vietecon/2019/7/9/electricity-use-surprising-cost-of-generating-gdp monthly 0.5 2019-09-25 https://images.squarespace-cdn.com/content/v1/5c2a8c6789c1725fe2a58f09/1569417326105-66CQTTV7D4EA489PXZ68/Electricity+consumption+by+country.png VietEcon - Electricity use - surprising cost of generating GDP ELECTRICITY CONSUMPTION BY COUNTRY SOURCE: CIA https://images.squarespace-cdn.com/content/v1/5c2a8c6789c1725fe2a58f09/1569417365515-0M9NJ9US54D0ZWHAMAC4/Electricity+consumption+per+capita.png VietEcon - Electricity use - surprising cost of generating GDP ELECTRICITY CONSUMPTION PER CAPITA BY SELECT COUNTRIES IN 2016. SOURCE: CIA (ELECTRICITY DATA), WORLD BANK FOR POPULATION https://images.squarespace-cdn.com/content/v1/5c2a8c6789c1725fe2a58f09/1569417390470-3X4D2IW7UHGO0HUNYP2M/Electricity+consumption+by+GDP.png VietEcon - Electricity use - surprising cost of generating GDP GDP (IN CONSTANT US$) PER KWH, 2016. SOURCE: WORLD BANK, CIA https://www.vietecon.com/vietecon/2019/7/8/korea-and-japan-trade-spat-could-it-affect-vietnam monthly 0.5 2019-09-25 https://www.vietecon.com/vietecon/2019/7/5/happy-fourth-of-july-or-fifth-of-july-to-all-of-my-american-readers-all-3-of-you monthly 0.5 2019-09-25 https://images.squarespace-cdn.com/content/v1/5c2a8c6789c1725fe2a58f09/1569417193804-NC031I7NS4GLLYDQBDWT/Real+GDP+long+history.png VietEcon - Happy Fourth of July (or Fifth of July) to all of my American readers! (all 3 of you). VIETNAMESE REAL GDP PER CAPITAL (IN 2011 USD). SOURCE: MADDISON PROJECT DATABASE* https://images.squarespace-cdn.com/content/v1/5c2a8c6789c1725fe2a58f09/1569417215936-JRJWC0V4DVIPLYI7184H/real+GDP+1950-2016.png VietEcon - Happy Fourth of July (or Fifth of July) to all of my American readers! (all 3 of you). DIFFERENCE IN REAL GDP PER CAPITA - 1950-2016. (USD2011). SOURCE: MADDISON PROJECT DATABASE* https://www.vietecon.com/vietecon/2019/7/3/etf-returns-broken-downpart-3-and-final monthly 0.5 2019-09-25 https://images.squarespace-cdn.com/content/v1/5c2a8c6789c1725fe2a58f09/1569417119965-K1G0GLFTRLH6PINIKOO2/VNM+index+1H2019.png VietEcon - ETF Returns broken down…part 3 and final VNM ETF. PRICE IS IN USD. SOURCE: YAHOO FINANCE https://www.vietecon.com/vietecon/2019/7/2/etf-returns-broken-downcontinued monthly 0.5 2019-09-25 https://images.squarespace-cdn.com/content/v1/5c2a8c6789c1725fe2a58f09/1569416976672-TRXAZKSZYTSLFRNL9WRH/VNM+index+VN+components+1H2019.png VietEcon - ETF Returns broken down…continued VNM ETF COMPONENTS BY 1H2019 RETURN AND WEIGHTING. WEIGHTINGS ARE FOR THE BEGINNING OF THE PERIOD EXCEPT FOR THOSE WITH A * WHICH ARE END OF PERIOD. SOURCE: VAN ECK, VIETECON.COM https://images.squarespace-cdn.com/content/v1/5c2a8c6789c1725fe2a58f09/1569417049356-STLZQEMVPKKVI0LTWR9R/VNM+index+sector+1H2019.png VietEcon - ETF Returns broken down…continued VNM ETF COMPONENTS BY 1H2019 RETURN AND WEIGHTING. WEIGHTINGS ARE FOR THE BEGINNING OF THE PERIOD EXCEPT FOR THOSE WITH A * WHICH ARE END OF PERIOD. SOURCE: VAN ECK, VIETECON.COM https://www.vietecon.com/vietecon/2019/7/1/the-first-half-is-over monthly 0.5 2019-09-25 https://images.squarespace-cdn.com/content/v1/5c2a8c6789c1725fe2a58f09/1569416807434-R4E4WCCXWX9XS2M7M58R/VNM+index+1H2019.png VietEcon - The First Half is Over! VNM ETF. SOURCE: YAHOO FINANCE https://images.squarespace-cdn.com/content/v1/5c2a8c6789c1725fe2a58f09/1569416865373-AL8REKCGEPS0VR0DE7IW/VNM+for+curr+weighting+1H2019.png VietEcon - The First Half is Over! SOURCE: VAN ECK, VIETECON.COM https://images.squarespace-cdn.com/content/v1/5c2a8c6789c1725fe2a58f09/1569416892058-Z7YTCOGMTXQO0BU3MXKD/VNM+index+components+1H2019.png VietEcon - The First Half is Over! VNM ETF COMPONENTS BY 1H2019 RETURN AND WEIGHTING. WEIGHTINGS ARE FOR THE BEGINNING OF THE PERIOD EXCEPT FOR THOSE WITH A * WHICH ARE END OF PERIOD. SOURCE: VAN ECK, VIETECON.COM https://www.vietecon.com/vietecon/2019/6/28/dogs monthly 0.5 2019-09-25 https://images.squarespace-cdn.com/content/v1/5c2a8c6789c1725fe2a58f09/1569416701907-SXOPO8KOXUM32TJCZWX7/Salary+diff+%28grad+vs+nongrad%29.png VietEcon - Dogs DIFFERENCE BETWEEN SALARIES OF TERTIARY EDUCATION GRADUATES AND SECONDARY EDUCATION GRADUATES (COLLEGE VS HIGH SCHOOL). SOURCE: 2002 OR 2003 OECD DATA TAKEN FROM THIS PAPER https://images.squarespace-cdn.com/content/v1/5c2a8c6789c1725fe2a58f09/1569416740412-IT0GASD8ZB45T9FWYP1M/Employment+college+vs+non.png VietEcon - Dogs SOURCE: 2002 OR 2003 OECD DATA TAKEN FROM THIS PAPER https://www.vietecon.com/vietecon/2019/6/27/what-to-do-about-a-problem-liketrump monthly 0.5 2019-09-25 https://www.vietecon.com/vietecon/2019/6/25/grab-bag monthly 0.5 2019-09-25 https://images.squarespace-cdn.com/content/v1/5c2a8c6789c1725fe2a58f09/1569416582475-80A5GESQ3VU3BBEWIODQ/Chinese+Japanese+investment.png VietEcon - Grab bag PENDING PROJECTS IN INFRASTRUCTURE: FINCH BY WAY OF BLOOMBERG FOR INVESTMENT FIGURES. POPULATION FIGURES REPRESENT 2017 FROM THE WORLD BANK. CALCULATION BY VIETECON.COM https://www.vietecon.com/vietecon/2019/6/24/currency-mismatches monthly 0.5 2019-09-25 https://images.squarespace-cdn.com/content/v1/5c2a8c6789c1725fe2a58f09/1569416318258-LPI947VGLOMXEJGDBWLD/Borrowings+in+USD.png VietEcon - Currency mismatches DATA ALL 2018. SOURCE: COMPANY DATA, VIETECON.COM https://www.vietecon.com/vietecon/2019/6/20/outbound-trips monthly 0.5 2019-09-25 https://images.squarespace-cdn.com/content/v1/5c2a8c6789c1725fe2a58f09/1569416068890-73BF547EYPR9VYOEVF7F/Top+destinations.png VietEcon - Outbound trips SOURCE: AGODA https://images.squarespace-cdn.com/content/v1/5c2a8c6789c1725fe2a58f09/1569416094213-2SSO71M13OK6TNZLQ400/Outbound+trips.png VietEcon - Outbound trips SOURCE: MASTERCARD https://www.vietecon.com/vietecon/2019/6/19/grab-and-payments monthly 0.5 2019-09-25 https://www.vietecon.com/vietecon/2019/6/18/us-government-policy-on-asean monthly 0.5 2019-09-25 https://www.vietecon.com/vietecon/2019/6/18/vingroup-vinfast-to-deliver-first-car monthly 0.5 2019-09-25 https://images.squarespace-cdn.com/content/v1/5c2a8c6789c1725fe2a58f09/1569339963566-TL32WG2WZY8RPSC1K5A8/vehicle+sales+Vietnam+5m19.png VietEcon - Vingroup: VinFast to deliver first car VEHICLE SALES IN VIETNAM SOURCE: VAMA AND OICA https://images.squarespace-cdn.com/content/v1/5c2a8c6789c1725fe2a58f09/1569340041029-U32M6BV1KONMYSXQXDR2/vingroup.png VietEcon - Vingroup: VinFast to deliver first car SOURCE: VINGROUP, CHART BY VIETECON.COM https://www.vietecon.com/vietecon/2019/6/14/mobile-payments monthly 0.5 2019-09-24 https://images.squarespace-cdn.com/content/v1/5c2a8c6789c1725fe2a58f09/1569339855694-ZBROT4FCXCP1GR73JJH5/Grab+transaction+value.png VietEcon - Mobile payments SOURCE: GRAB BY WAY OF BOND INVESTMENT https://www.vietecon.com/vietecon/2019/6/13/alcohol monthly 0.5 2019-09-24 https://images.squarespace-cdn.com/content/v1/5c2a8c6789c1725fe2a58f09/1569339687335-P3PYZ6FRG1ISRJXF91B6/Sabeco+%26+Heineken.png VietEcon - Alcohol UNIT: BILLIONS OF VND. SOURCE: THE LEADER VN https://images.squarespace-cdn.com/content/v1/5c2a8c6789c1725fe2a58f09/1569339723295-X6PRPQ40MDO16SX3IHTD/image-asset.png VietEcon - Alcohol SOURCE: STATITA https://www.vietecon.com/vietecon/2019/6/12/coffee monthly 0.5 2019-09-24 https://images.squarespace-cdn.com/content/v1/5c2a8c6789c1725fe2a58f09/1569339470518-LI3CSPC4XFC4Z1D54EHV/Ag+exports.png VietEcon - Coffee AG EXPORTS ARE RISING, BUT FALLING AS A % OF TOTAL EXPORTS. SOURCE: WORLD BANK https://images.squarespace-cdn.com/content/v1/5c2a8c6789c1725fe2a58f09/1569339566800-GVC84AP8HYD94NPV8S5Y/Working+in+ag.png VietEcon - Coffee AG EXPORTS ARE RISING, BUT FALLING AS A % OF TOTAL EXPORTS. SOURCE: WORLD BANK https://images.squarespace-cdn.com/content/v1/5c2a8c6789c1725fe2a58f09/1569339590343-UNN6K5CFY2985XFIPTJU/Coffee+prod+prices.png VietEcon - Coffee PRODUCTION HAS GROWN TREMENDOUSLY, PRICES NOT SO MUCH. SOURCE: https://www.vietecon.com/vietecon/2019/6/11/review-the-best-we-could-do-by-thi-bui monthly 0.5 2019-09-24 https://images.squarespace-cdn.com/content/v1/5c2a8c6789c1725fe2a58f09/1569339403813-BV48RZ55R13R3S0UT9DK/Thi+Bui.jpg VietEcon - Review: The Best We Could Do by Thi Bui BUI AS A CHILD AND AS AN ADULT. https://www.vietecon.com/vietecon/2019/6/7/what-is-going-on-with-the-credit-market-in-vietnam monthly 0.5 2019-09-24 https://images.squarespace-cdn.com/content/v1/5c2a8c6789c1725fe2a58f09/1569339273191-UZJB2PWXJB9ZVU41DXQK/Outstanding+credit.png VietEcon - What is going on with the credit market in Vietnam? SOURCE: STATE BANK OF VIETNAM, VIETECON.COM https://www.vietecon.com/vietecon/2019/6/6/digital-payments-and-a-move-away-from-a-cash-economy monthly 0.5 2019-09-24 https://images.squarespace-cdn.com/content/v1/5c2a8c6789c1725fe2a58f09/1569339155944-SEGJ7HFSOXJP7I5PGNTZ/Bank+accounts.png VietEcon - Digital payments and a move away from a cash economy SOURCE: WORLDBANK https://images.squarespace-cdn.com/content/v1/5c2a8c6789c1725fe2a58f09/1569339182855-Z6FZHBXX101VF8AJBXQR/digital+payments.png VietEcon - Digital payments and a move away from a cash economy SOURCE: E-CONOMY SEA 2018 BY GOOGLE TEMASEK https://www.vietecon.com/vietecon/2019/6/5/solar-in-vietnam monthly 0.5 2019-09-24 https://images.squarespace-cdn.com/content/v1/5c2a8c6789c1725fe2a58f09/1569339079146-UU7LEETK9C4P1ZVGEVTQ/Saigon+flooding+May+7+2019.jpg VietEcon - Solar in Vietnam STREETS ARE FLOODED IN HO CHI MINH CITY'S DISTRICT 2 AFTER A HEAVY RAIN ON MAY 7, 2019. PHOTO BY VNEXPRESS/HUU KHOA. https://www.vietecon.com/vietecon/2019/6/4/world-trade-is-globalization-reversing monthly 0.5 2019-09-24 https://images.squarespace-cdn.com/content/v1/5c2a8c6789c1725fe2a58f09/1569338878890-ITCW04K526SUZYH5R28C/Aircargo+4M2019.png VietEcon - World trade - is globalization reversing? AIR CARGO. SOURCE: WORLDACD https://images.squarespace-cdn.com/content/v1/5c2a8c6789c1725fe2a58f09/1569338992097-TS4WRGB4GLJ9E3GLNPXG/105947340-Nomuracharttrade.jpg VietEcon - World trade - is globalization reversing? https://www.vietecon.com/vietecon/2019/6/3/adidas monthly 0.5 2019-09-24 https://images.squarespace-cdn.com/content/v1/5c2a8c6789c1725fe2a58f09/1569338763117-C0WSRTRKPWEZWQVK12UJ/adidas+footwear.png VietEcon - Adidas FOOTWEAR PRODUCTION BY REGION. SOURCE: ADIDAS 2018 ANNUAL REPORT https://www.vietecon.com/vietecon/2019/5/30/book-review-the-road-not-taken monthly 0.5 2019-09-24 https://www.vietecon.com/vietecon/2019/5/29/second-tier-cities monthly 0.5 2019-09-24 https://images.squarespace-cdn.com/content/v1/5c2a8c6789c1725fe2a58f09/1569338604146-BFSZFMPWVSOZ9J8W5XPB/VietnameseProvincesMap.png VietEcon - Second-tier cities SOURCE: WIKICOMMONS https://images.squarespace-cdn.com/content/v1/5c2a8c6789c1725fe2a58f09/1569338636707-UP9YV4GJDVDOGWMW5EDD/Pop+growth+by+prov.png VietEcon - Second-tier cities ANNUAL GROWTH 2011-17. SOURCE: GENERAL STATISTICS OFFICE OF VIETNAM https://www.vietecon.com/vietecon/2019/5/28/catching-up monthly 0.5 2019-09-23 https://www.vietecon.com/vietecon/2019/5/24/mms-measles-and-manufacturing monthly 0.5 2019-09-23 https://images.squarespace-cdn.com/content/v1/5c2a8c6789c1725fe2a58f09/1569275055560-BHYCMYCT965BI5QGM43D/Eurozone+PMI.png VietEcon - MMs: Measles and manufacturing DATA: INVESTING.COM; CHART: HARRY STEVENS/AXIOS https://images.squarespace-cdn.com/content/v1/5c2a8c6789c1725fe2a58f09/1569275091133-T2IKCMXYFHQ0BQC29SJ6/Vietnam+PMI.png VietEcon - MMs: Measles and manufacturing SOURCE: NIKKEI, IHS MARKIT https://www.vietecon.com/vietecon/2019/5/23/trade-and-avocados monthly 0.5 2019-09-23 https://images.squarespace-cdn.com/content/v1/5c2a8c6789c1725fe2a58f09/1569274944275-8DWXHSUP6MALSLY8LZXQ/Avocado+imports.png VietEcon - Trade and avocados IMPORTS OF AVOCADOS (LESS THAN ACTUAL CONSUMPTION). SOURCE: HASS AVOCADO BOARD https://www.vietecon.com/vietecon/2019/5/22/indonesian-vietnamese-relations-not-that-great monthly 0.5 2019-09-23 https://images.squarespace-cdn.com/content/v1/5c2a8c6789c1725fe2a58f09/1569274830838-CUT9RBGL9PSYTCS8T1I9/Stop+Illegal+Vietnam+fishing.jpg VietEcon - Indonesian-Vietnamese relations, not that great! SOURCE: @ADELINAPOLI https://images.squarespace-cdn.com/content/v1/5c2a8c6789c1725fe2a58f09/1569274872527-MZIOBZVKBCX0DG4UCKRP/Stop+stealing+our+fish+vietnam.jpg VietEcon - Indonesian-Vietnamese relations, not that great! SOURCE: @BOEDESA https://www.vietecon.com/vietecon/2019/5/21/resilience monthly 0.5 2019-09-23 https://images.squarespace-cdn.com/content/v1/5c2a8c6789c1725fe2a58f09/1569274757748-JDS12LD28GGY8J4DIV7J/Resilience+country+rank+ASEAN.png VietEcon - Resilience RANKINGS OF ALL COUNTRIES. A LOWER RANK IS BETTER. SOURCE: FM GLOBAL. https://www.vietecon.com/vietecon/2019/5/20/5g monthly 0.5 2019-09-23 https://images.squarespace-cdn.com/content/v1/5c2a8c6789c1725fe2a58f09/1569274631004-PRNK3FW2EDHFFOPK9ADX/5G+carriers.png VietEcon - 5G SOURCE: SOUTH CHINA MORNING POST https://images.squarespace-cdn.com/content/v1/5c2a8c6789c1725fe2a58f09/1569274655626-5EFCGHEEPGIS9SFC2RDN/5G+patent+holders.png VietEcon - 5G TOP 5G STANDARD-ESSENTIAL PATENTS (BASICALLY THE PATENTS THAT WILL COST YOU). SOURCE: IPLYTICS GMBH https://images.squarespace-cdn.com/content/v1/5c2a8c6789c1725fe2a58f09/1569274696851-POWM2M8JVGQKQ5DU2XK0/Tech+contributions+to+5G.png VietEcon - 5G TOP COMPANIES MAKING TECHNICAL CONTRIBUTION TO THE 5G STANDARD. SOURCE: IPLYTICS GMBH https://www.vietecon.com/vietecon/2019/5/17/stock-listings monthly 0.5 2019-09-23 https://images.squarespace-cdn.com/content/v1/5c2a8c6789c1725fe2a58f09/1569274312659-YGB2PDWOA8KDGJKDKO19/Mkt+cap+of+stocks+dev+contries.png VietEcon - Stock listings SOURCE: WORLD BANK https://images.squarespace-cdn.com/content/v1/5c2a8c6789c1725fe2a58f09/1569274334511-W92B5PL5M0ZIE7WBNCWV/Listed+companies+dev+mkts.png VietEcon - Stock listings SOURCE: WORLD BANK https://images.squarespace-cdn.com/content/v1/5c2a8c6789c1725fe2a58f09/1569274383990-47HV4M1R3RLUOZA7F5UA/ASEAN+listed+companies.png VietEcon - Stock listings SOURCE: WORLD BANK https://images.squarespace-cdn.com/content/v1/5c2a8c6789c1725fe2a58f09/1569274466762-35Y86KFPZSJWG93P5Z5F/Vietnam+listed+cos.png VietEcon - Stock listings SOURCE: WORLD BANK https://www.vietecon.com/vietecon/2019/5/16/tax-simplification monthly 0.5 2019-09-23 https://images.squarespace-cdn.com/content/v1/5c2a8c6789c1725fe2a58f09/1569274241188-DG7KN3SM6O2FPU7QXEA2/Tax+revenue+as+%25+of+GDP.png VietEcon - Tax simplification SOURCE: WORLD BANK https://www.vietecon.com/vietecon/2019/5/15/african-swine-flu monthly 0.5 2019-09-23 https://images.squarespace-cdn.com/content/v1/5c2a8c6789c1725fe2a58f09/1569274177084-SZGI6XSWYF8EMHVDIGFB/Pigs+worldwide.png VietEcon - African Swine Flu SOURCE: UN FAO https://www.vietecon.com/vietecon/2019/5/14/cost-of-renewables-in-vietnam monthly 0.5 2019-09-23 https://images.squarespace-cdn.com/content/v1/5c2a8c6789c1725fe2a58f09/1569274114822-I834O1XDAD7IHGEUTH0V/Power+plants.png VietEcon - Cost of renewables in Vietnam SOURCE: VIETNAM ELECTRICITY 2017 ANNUAL REPORT https://www.vietecon.com/vietecon/2019/5/13/fitch-upgrades-vietnam-debt-outlook monthly 0.5 2019-09-23 https://images.squarespace-cdn.com/content/v1/5c2a8c6789c1725fe2a58f09/1569273838913-VNRDZWXVN6HM428L30V7/ASEAN+debt+ratings.png VietEcon - Fitch upgrades Vietnam debt outlook SOURCE: TRADING ECONOMICS https://images.squarespace-cdn.com/content/v1/5c2a8c6789c1725fe2a58f09/1569273920404-V0KYGAQ65HPX5PK34OAN/Sovereign+ratings+near+vietnam.png VietEcon - Fitch upgrades Vietnam debt outlook RATINGS CLOSE TO VIETNAM SOURCE: TRADING ECONOMICS, VIETECON CALCULATIONS https://images.squarespace-cdn.com/content/v1/5c2a8c6789c1725fe2a58f09/1569274048073-K73BH51U9A70DFRJWDZD/Vietnam+sovereign+rating+history.png VietEcon - Fitch upgrades Vietnam debt outlook SOURCE: MOODY’S https://www.vietecon.com/vietecon/2019/5/10/vietnam-a-currency-manipulator monthly 0.5 2019-09-23 https://images.squarespace-cdn.com/content/v1/5c2a8c6789c1725fe2a58f09/1569273645422-4RN0NVMFY9KABKGCR2NE/US+goods+surplus+2018.png VietEcon - Vietnam: A currency manipulator? GOODS TRADE SURPLUS WITH THE US, 2018 FIGURES. SOURCE: US CENSUS, BY WAY OF BLOOMBERG https://images.squarespace-cdn.com/content/v1/5c2a8c6789c1725fe2a58f09/1569273687647-NUB3M5NUF70V92OWVWF1/Current+account+surplus.png VietEcon - Vietnam: A currency manipulator? CURRENT ACCOUNT SURPLUS SOURCE: WORLD BANK https://images.squarespace-cdn.com/content/v1/5c2a8c6789c1725fe2a58f09/1569273723395-5DJLRTQUNVCB1DLUXV6B/Currency+to+May+10+2019.png VietEcon - Vietnam: A currency manipulator? SOURCE: STATE BANK OF VIETNAM https://www.vietecon.com/vietecon/2019/5/9/electric-vehicles-cars-are-coming-to-vietnam monthly 0.5 2019-09-23 https://images.squarespace-cdn.com/content/v1/5c2a8c6789c1725fe2a58f09/1569273478275-DLIKRP3K3YY9JDM06WLZ/EV+sales+2018+v+2017.png VietEcon - Electric vehicles cars are coming to Vietnam! SOURCE: EV-VOLUMES.COM. https://images.squarespace-cdn.com/content/v1/5c2a8c6789c1725fe2a58f09/1569273505392-MYCQ7CHKP2UAYTV3SOIB/EV+sales+by+country+%28%25+of+total+vehicle+sales%29.png VietEcon - Electric vehicles cars are coming to Vietnam! NORWAY EV SALES AE ALMOST HALF OF ALL VEHICLE SALES SOURCE: STATISTA https://images.squarespace-cdn.com/content/v1/5c2a8c6789c1725fe2a58f09/1569273539581-YGL8KWRQNWVISX75OKDD/Gas+prices+wwide.png VietEcon - Electric vehicles cars are coming to Vietnam! NOTE: THESE PRICES ARE AS OF MAY 6. THE COUNTRIES WITH * HAVE PRICES UPDATED WEEKLY. THE REST ARE UPDATED MONTHLY. SOURCE: GLOBALPETROLPRICES.COM https://www.vietecon.com/vietecon/2019/5/8/press-center-opens monthly 0.5 2019-09-23 https://www.vietecon.com/vietecon/2019/5/7/drugs monthly 0.5 2019-09-23 https://www.vietecon.com/vietecon/2019/5/6/luxury monthly 0.5 2019-09-23 https://www.vietecon.com/vietecon/2019/5/3/beyond-meat-great-ipo-lousy-stock monthly 0.5 2019-09-23 https://images.squarespace-cdn.com/content/v1/5c2a8c6789c1725fe2a58f09/1569273152156-0ZP7X3DQSRNCACFLGFXL/DCF+Beyond.png VietEcon - Beyond Meat - great IPO, lousy stock? Source: Vietecon.com https://www.vietecon.com/vietecon/2019/5/2/the-vietnam-provincial-competitiveness-index monthly 0.5 2019-09-23 https://images.squarespace-cdn.com/content/v1/5c2a8c6789c1725fe2a58f09/1569273018058-VG8XCEIDTGOUT0ZJ9X54/Positive+trend.png VietEcon - The Vietnam Provincial Competitiveness Index SOURCE: VIETNAM PROVINCIAL COMPETITIVENESS REPORT https://images.squarespace-cdn.com/content/v1/5c2a8c6789c1725fe2a58f09/1569273065890-V21EG4NI59KI94H5I4AY/Worrisome+trends.png VietEcon - The Vietnam Provincial Competitiveness Index SOURCE: VIETNAM PROVINCIAL COMPETITIVENESS REPORT https://www.vietecon.com/vietecon/2019/5/1/babel-and-language-learning monthly 0.5 2019-09-23 https://www.vietecon.com/vietecon/2019/4/26/washing-machines monthly 0.5 2019-09-23 https://images.squarespace-cdn.com/content/v1/5c2a8c6789c1725fe2a58f09/1569272233079-OHN70Z24RRK8HGJY48EM/Avg+house+size+ASEAN.png VietEcon - Washing machines AVERAGE HOUSE SIZE SOURCE: VALUATION & PROPERTY SERVICES DEPARTMENT, UNCHS AND THE WORLD BANK https://images.squarespace-cdn.com/content/v1/5c2a8c6789c1725fe2a58f09/1569272270323-18GODI1S7RBP6M4PYD0Z/Washing+machines.png VietEcon - Washing machines IT’S A BIT HARD TO SEE IN THIS, BUT 2017 SAW A BIG INCREASE IN WASHING MACHINES FROM THAILAND AND VIETNAM, BUT THAT FELL OFF IN 2018 AND HAS FALLEN OFF MORE SINCE THEN. SOURCE: USITC https://images.squarespace-cdn.com/content/v1/5c2a8c6789c1725fe2a58f09/1569272309708-3LB48A2K8AWOJTD1FJ45/US+washing+machine+share.png VietEcon - Washing machines US WASHING MACHINE SHARE SOURCE: TRAQLINE https://images.squarespace-cdn.com/content/v1/5c2a8c6789c1725fe2a58f09/1569272351717-XPZM0PDF5AGXRZ99WDFN/Whirlpool+units+profits.png VietEcon - Washing machines SOURCE: WHIRLPOOL (VIA AXIOS) https://www.vietecon.com/vietecon/2019/4/25/infrastructure monthly 0.5 2019-09-23 https://images.squarespace-cdn.com/content/v1/5c2a8c6789c1725fe2a58f09/1569272075081-UKDIQEDWTAFRJ5Y3HDHE/Infrastructure+LPI.png VietEcon - Infrastructure WE WANT THE RANKS TO GO DOWN (#1 IS THE BEST) AND THE SCORES TO GO UP (5.0 IS THE HIGHEST). SOURCE: WORLD BANK https://images.squarespace-cdn.com/content/v1/5c2a8c6789c1725fe2a58f09/1569272118317-AYA9RU9U0YGG854CBFY4/LPI+2018.png VietEcon - Infrastructure 2018 RANKINGS. SOURCE: WORLD BANK https://images.squarespace-cdn.com/content/v1/5c2a8c6789c1725fe2a58f09/1569272149573-LJD4VXGVR7F8BXEHB8ZF/Infra+questions.png VietEcon - Infrastructure FOR 2018 LPI REPORT. NOTE: “FOR THIS MEASURE, SURVEYED LOGISTICS PROFESSIONALS ASSESS THE LOGISTICS ENVIRONMENTS IN THEIR OWN COUNTRIES.” SOURCE: WORLD BANK https://www.vietecon.com/vietecon/2019/4/24/scooters monthly 0.5 2019-09-23 https://images.squarespace-cdn.com/content/v1/5c2a8c6789c1725fe2a58f09/1569271985031-GHTAFFGZSZ1X6NALSGT2/image-asset.jpeg VietEcon - Scooters! SOURCE: @MUSICFOX https://images.squarespace-cdn.com/content/v1/5c2a8c6789c1725fe2a58f09/1569272001996-FV34P7Q9JH1WPUSWLTYM/Scooter+table.png VietEcon - Scooters! SOURCE: THE INFORMATION, VIETECON.COM https://www.vietecon.com/vietecon/2019/4/23/climate-change-and-what-it-has-already-done-to-us monthly 0.5 2019-09-23 https://images.squarespace-cdn.com/content/v1/5c2a8c6789c1725fe2a58f09/1569271901360-OQS7PW8JXWX64B9D621D/Stanford+climate+change.png VietEcon - Climate change and what it has already done to us NOTE: THIS REFLECTS THE PERIOD FROM 1996-2010 BECAUSE DATA WAS NOT AVAILABLE FOR THE FULL PERIOD. SOURCE: NOAH DIFFENBAUGH AND MARSHALL BURKE. https://www.vietecon.com/vietecon/2019/4/22/plastic-bags monthly 0.5 2019-09-23 https://www.vietecon.com/vietecon/2019/4/19/south-china-sea monthly 0.5 2019-09-23 https://images.squarespace-cdn.com/content/v1/5c2a8c6789c1725fe2a58f09/1569271728555-N722FKF92C9FUQX6SB88/1439D5F0-2A81-4E4E-9841-F9DB31888A7A_w1597_n_r0_st.png VietEcon - South China Sea https://www.vietecon.com/vietecon/2019/4/18/indonesian-elections monthly 0.5 2019-09-23 https://www.vietecon.com/vietecon/2019/4/17/taxes monthly 0.5 2019-09-23 https://images.squarespace-cdn.com/content/v1/5c2a8c6789c1725fe2a58f09/1569271586363-1RAKGE2020R86ZCGGECA/Income+tax+vietnam.png VietEcon - TAXES! SOURCE: PWC https://images.squarespace-cdn.com/content/v1/5c2a8c6789c1725fe2a58f09/1569271613826-XRU7SC9FI7GO7I9M1GER/Tax+revenue+as+%25+of+GDP.png VietEcon - TAXES! SOURCE: WORLD BANK. https://www.vietecon.com/vietecon/2019/4/16/y31m4l8ef75ip4pyxyuwvniso7zwiu monthly 0.5 2019-09-23 https://images.squarespace-cdn.com/content/v1/5c2a8c6789c1725fe2a58f09/1569271405145-SKBNAEMMRBTPRAYFW6UA/Lawyer.jpeg VietEcon SOURCE: @MELINDAGIMPEL https://www.vietecon.com/vietecon/2019/4/15/employment monthly 0.5 2019-09-23 https://images.squarespace-cdn.com/content/v1/5c2a8c6789c1725fe2a58f09/1569271298401-XCU90MN3SA0FG8QQAG2P/Vietnam+employment.png VietEcon - Employment DATA: WORLD BANK, CHART BY VIETECON.COM https://images.squarespace-cdn.com/content/v1/5c2a8c6789c1725fe2a58f09/1569271321599-GFDN1KN9WRSBN075XUMH/Vulnerable.png VietEcon - Employment VULNERABLE EMPLOYMENT - PERCENTAGE OF TOTAL EMPLOYMENT. SOURCE: WORLD BANK, CHART BY VIETECON.COM https://www.vietecon.com/vietecon/2019/4/12/mmt-part-three monthly 0.5 2019-09-23 https://images.squarespace-cdn.com/content/v1/5c2a8c6789c1725fe2a58f09/1569271073082-3GQ5B8SHRU3Y2VS48K9H/Reserves.png VietEcon - MMT part three NOTE THAT THE LEFT-HAND SIDE AXIS REFLECTS BOTH TOTAL RESERVES IN BILLIONS AND RESERVES AS A PERCENTAGE OF EXTERNAL DEBT. SOURCE: WORLDBANK, VIETECON CALCULATIONS https://images.squarespace-cdn.com/content/v1/5c2a8c6789c1725fe2a58f09/1569271104697-KWBTY4D9DHWVVHLHJNK1/Net+exports+%28ag%2C+clothing%2C+teleco%29.png VietEcon - MMT part three POSITIVE = NET EXPORTS. SOURCE: IMF, VIETECON CALCULATIONS https://images.squarespace-cdn.com/content/v1/5c2a8c6789c1725fe2a58f09/1569271149448-FGHDUUOZX6Y0FJOQANHD/Net+imports+%28fuel%2C+pharma%2C+elect%29.png VietEcon - MMT part three NEGATIVE = NET IMPORTS. SOURCE: IMF, VIETECON CALCULATIONS https://www.vietecon.com/vietecon/2019/4/11/food-glorious-asian-street-food monthly 0.5 2019-09-23 https://images.squarespace-cdn.com/content/v1/5c2a8c6789c1725fe2a58f09/1569271013287-7G8PHYGD611TH47WIHNE/Street+food.jpeg VietEcon - Food, glorious Asian street food! SOURCE: @FRANKIESHUTTERBUG (SITE) https://www.vietecon.com/vietecon/2019/4/10/more-mmt monthly 0.5 2019-09-23 https://images.squarespace-cdn.com/content/v1/5c2a8c6789c1725fe2a58f09/1569270915129-6PRI56XI688ONTZED777/Balance+of+payments+%28services+%26+goods%29+%2B+remittancess.png VietEcon - More MMT USD BILLIONS. SOURCE; WORLD BANK DATA, VIETECON CALCULATIONS https://images.squarespace-cdn.com/content/v1/5c2a8c6789c1725fe2a58f09/1569270948427-MNDTTYKLF3CBEBCNPYD1/Reserves.png VietEcon - More MMT NOTE THAT THE LEFT-HAND SIDE AXIS REFLECTS BOTH TOTAL RESERVES IN BILLIONS AND RESERVES AS A PERCENTAGE OF EXTERNAL DEBT. SOURCE: WORLDBANK, VIETECON CALCULATIONS https://www.vietecon.com/vietecon/2019/4/9/mmt monthly 0.5 2019-09-23 https://images.squarespace-cdn.com/content/v1/5c2a8c6789c1725fe2a58f09/1569270820072-3WKBSV9UN5VD5EAPY8B2/CPI+currency.png VietEcon - MMT SOURCE: WORLDBANK, INVESTING.COM, VIETECON CALCULATIONS https://images.squarespace-cdn.com/content/v1/5c2a8c6789c1725fe2a58f09/1569270857199-QFYVU5XNZZITUVHHBZ96/Balance+of+payments.png VietEcon - MMT NOTE: THESE DATA REPRESENT EXPORTS AND IMPORTS OF GOODS, SERVICES AND PRIMARY INCOME (BOP, CURRENT US$) SOURCE: WORLDBANK, VIETECON CALCULATIONS. https://www.vietecon.com/vietecon/2019/4/8/back-and-sovereign-debt monthly 0.5 2019-09-23 https://images.squarespace-cdn.com/content/v1/5c2a8c6789c1725fe2a58f09/1569270628394-S6FFJ059WWHHGZHZVD8N/External+debt.png VietEcon - Back! And sovereign debt… PERCENTAGE OF EXTERNAL DEBT PAYMENTS TO GDP SOURCE: JUBILEE DEBT CAMPAIGN (BUT APPEARS TO BE WORLD BANK DATA) https://images.squarespace-cdn.com/content/v1/5c2a8c6789c1725fe2a58f09/1569270749067-BIFC3GGOVAJFFDG75K4K/Local+vs+external+debt.png VietEcon - Back! And sovereign debt… SOURCE: VIETECON.COM, STATE BANK OF VIETNAM, WORLD BANK https://www.vietecon.com/vietecon/2019/4/1/not-april-fools-prank-out-fishin monthly 0.5 2019-09-23 https://www.vietecon.com/vietecon/2019/3/29/education-spending monthly 0.5 2019-09-23 https://images.squarespace-cdn.com/content/v1/5c2a8c6789c1725fe2a58f09/1569270442216-PHJHIWMOF9VA8WZMH1LR/Ed+spending+as+%25+of+GDP.png VietEcon - Education spending SOURCE: WORLD BANK, VIETECON.COM https://images.squarespace-cdn.com/content/v1/5c2a8c6789c1725fe2a58f09/1569270491368-J9E8I4NTDVUH167GW1KM/PISA+scores.png VietEcon - Education spending https://www.vietecon.com/vietecon/2019/3/28/rampd-spending monthly 0.5 2019-09-23 https://images.squarespace-cdn.com/content/v1/5c2a8c6789c1725fe2a58f09/1569270371428-C9LU85XJ2NIYGIF7MRC1/R%26D+as+%25+of+GDP.png VietEcon - R&D spending VIETNAM LAGS THE PACK, EVEN AMONG OF DEVELOPING COUNTRIES. SOURCE: WORLD BANK https://www.vietecon.com/vietecon/2019/3/27/japan-and-vietnam monthly 0.5 2019-09-23 https://images.squarespace-cdn.com/content/v1/5c2a8c6789c1725fe2a58f09/1569270222062-FE1RYXB7T4OFBCI2YZLT/For+residents+in+Japan.png VietEcon - Japan and Vietnam VIETNAMESE ARE MOVING TO JAPAN IN LARGE NUMBERS! SOURCE: JAPAN MOJ https://images.squarespace-cdn.com/content/v1/5c2a8c6789c1725fe2a58f09/1569270248520-FG79SSGISS4I0BOLX6A3/Japanese+FDI+in+Vietnam.png VietEcon - Japan and Vietnam JAPANESE INVESTMENT IN VIETNAM ALSO HIGH. SOURCE: JETRO. NOTE: BALANCE OF PAYMENTS BASIS, NET AND FLOW https://images.squarespace-cdn.com/content/v1/5c2a8c6789c1725fe2a58f09/1569270279404-H3SP2509EM3R3ZM6DGYJ/Japan+Ratio+GNI+to+GDP.png VietEcon - Japan and Vietnam JAPAN’S INCOME FROM ABROAD IS INCREASING FASTER THAN DOMESTIC INCOME IS. SOURCE; WORLDBANK. NOTE: THIS TAKES GNI OVER GDP (USING CURRENT PRICES FOR USD) https://www.vietecon.com/vietecon/2019/3/26/baby-got-buyback monthly 0.5 2019-09-23 https://images.squarespace-cdn.com/content/v1/5c2a8c6789c1725fe2a58f09/1569270106717-IAT18PRGHL9K21USQESZ/Share+buybacks.png VietEcon - Baby got (buy)back SHARE BUYBACKS. SOURCE JONG-COOK BYUN & PHAN BAO TRUNG, INVESTING.COM, VIETECON.COM https://www.vietecon.com/vietecon/2019/3/25/cryptocurrencies-in-vietnam monthly 0.5 2019-09-23 https://images.squarespace-cdn.com/content/v1/5c2a8c6789c1725fe2a58f09/1569269902461-38X22CZOZNPEEJN0N3PR/Cost+to+exchange.png VietEcon - Cryptocurrencies in Vietnam SOURCE: WALLETHUB.COM MORE DETAILS HERE https://images.squarespace-cdn.com/content/v1/5c2a8c6789c1725fe2a58f09/1569270039758-1DPFU8Y5TGHR3BKY1VBM/Bitcoin+price.png VietEcon - Cryptocurrencies in Vietnam THIS LEVEL OF VOLATILITY IS A TOUGH SELL. https://www.vietecon.com/vietecon/2019/3/22/hoi-an-and-tourism monthly 0.5 2019-09-23 https://images.squarespace-cdn.com/content/v1/5c2a8c6789c1725fe2a58f09/1569269812204-SDZMVEHL04ZYAL8OORK0/Hoi+An+tourists.png VietEcon - Hoi An and tourism TOURISTS TO HOI AN. SOURCE: HOI AN DEPARTMENT OF STATISTICS https://www.vietecon.com/vietecon/2019/3/21/drugs monthly 0.5 2019-09-23 https://images.squarespace-cdn.com/content/v1/5c2a8c6789c1725fe2a58f09/1569269716611-8S7ZPTQ9F2SW40R495AG/Drugs+seized.png VietEcon - Drugs DRUG SEIZURES HAVE INCREASED. NOTE: IF NO DATA IS AVAILABLE, THEN THE YEAR IS LEFT BLANK. FOR EXAMPLE, THERE WAS NO DATA FOR OPIUM OR METH IN 2014. THAT DOES NOT MEAN THAT THERE WERE NO SEIZURES IN THAT YEAR. SOURCE: UN OFFICE ON DRUGS & CRIME https://images.squarespace-cdn.com/content/v1/5c2a8c6789c1725fe2a58f09/1569269744589-K39OK3SD0MEER9PA914H/Drug+treatment.png VietEcon - Drugs PEOPLE IN TREATMENT BY COUNTRY. DATA REPRESENTS 2015 NUMBERS FOR VIETNAM AND LAOS, 2016 FOR THE OTHER COUNTRIES. SOURCE: UN OFFICE ON DRUGS & CRIME https://www.vietecon.com/vietecon/2019/3/20/two-things monthly 0.5 2019-09-23 https://images.squarespace-cdn.com/content/v1/5c2a8c6789c1725fe2a58f09/1569269598473-ROUYLMGQ8T5CG8951FCH/Waste+in+HCMC.png VietEcon - Two things HCMC WASTE PER DAY. SOURCE: DEPARTMENT OF NATURAL RESOURCES AND ENVIRONMENT https://www.vietecon.com/vietecon/2019/3/19/counterfeits monthly 0.5 2019-09-23 https://images.squarespace-cdn.com/content/v1/5c2a8c6789c1725fe2a58f09/1569269486637-EAV1XGHZ7Q1BFP68DWU7/Global+conterfeiting+in+context.png VietEcon - Counterfeits IN 2016, VIETNAM WAS NOT MUCH WORSE THAN ITS NEIGHBORS. NOTE: THE NUMBERS REFER TO THE 2016 GTRIC INDEX WHICH IS A STATISTICAL MEASURE OF COUNTERFEITING COMPARED TO IMPORT VOLUMES FROM THE RESPECTIVE COUNTRY. A HIGHER SCORE CORRESPONDS TO A GREATER LIKELIHOOD THAT THE ECONOMY IN QUESTION IS A SOURCE OF COUNTERFEIT GOODS. SOURCE: OECD, VIETECON.COM https://images.squarespace-cdn.com/content/v1/5c2a8c6789c1725fe2a58f09/1569269530733-QI6BTXNJB3WHPQMWI2Y0/Counterfeiting.png VietEcon - Counterfeits CLOTHING, JEWELLERY AND FOODSTUFF ARE MOST SUSPECT FROM VIETNAM. NOTE: THIS IS THE SAME GTRIC INDEX MENTIONED ABOVE BUT FOR 2011-2013. SOURCE; OECD, VIETECON.COM https://www.vietecon.com/vietecon/2019/3/18/food-in-vietnam monthly 0.5 2019-09-23 https://images.squarespace-cdn.com/content/v1/5c2a8c6789c1725fe2a58f09/1569269368133-UCKPY5FKQ40XQO1WFE0L/rats.jpeg VietEcon - Food in Vietnam SOURCE: FREESTOCKS.ORG https://images.squarespace-cdn.com/content/v1/5c2a8c6789c1725fe2a58f09/1569269396489-W9JMWIVFP42I6OKXLO6U/fish+sauce.jpeg VietEcon - Food in Vietnam SOURCE: PERCY PHAM @PERCYTHAIPHAM https://www.vietecon.com/vietecon/2019/3/15/cinema-in-vietnam monthly 0.5 2019-09-23 https://images.squarespace-cdn.com/content/v1/5c2a8c6789c1725fe2a58f09/1569269284573-6BZI0LQJANRM7NPYPXOD/Cinemas+%26+screens.png VietEcon - Cinema in Vietnam CINEMAS IN VIETNAM IN 2017. SOURCE; B-COMPANY https://www.vietecon.com/vietecon/2019/3/13/golf-in-vietnam monthly 0.5 2019-09-23 https://images.squarespace-cdn.com/content/v1/5c2a8c6789c1725fe2a58f09/1569269210803-A49YF9I58VQ0M3EJEOXQ/golf.jpeg VietEcon - Golf in Vietnam PHOTO BY MORGAN DAVID DE LOSSY @MORGANDDL https://www.vietecon.com/vietecon/2019/3/12/payments monthly 0.5 2019-09-23 https://images.squarespace-cdn.com/content/v1/5c2a8c6789c1725fe2a58f09/1569269043336-6IWKGXKKS4UT0NHUB9PP/Momo+sensitivity.png VietEcon - Payments TRANSACTIONS MAY NEED TO BE EXTREMELY HIGH ($100BN) TO JUSTIFY MOMO’S VALUATION. FEES MATTER A LOT, NO DUH! SOURCE: VIETECON.COM https://www.vietecon.com/vietecon/2019/3/11/measles monthly 0.5 2019-09-23 https://images.squarespace-cdn.com/content/v1/5c2a8c6789c1725fe2a58f09/1569268906527-EZQ5YO24NY74RYQ2ULSS/USA+measles.png VietEcon - Measles MEASLES CASES IN THE US ARE ALSO RISING. SOURCE: CDC https://images.squarespace-cdn.com/content/v1/5c2a8c6789c1725fe2a58f09/1569268931626-KUHIR6SFXL8LRZW1B2B3/Measles+Vietnam+vs+the+world.png VietEcon - Measles VIETNAM BACK IN 2004 WAS AHEAD OF ITS NEIGHBORS. SOURCE: WHO https://images.squarespace-cdn.com/content/v1/5c2a8c6789c1725fe2a58f09/1569268966326-Q352H7D3MTDT7IX7YEEH/Malaria+cases.png VietEcon - Measles CASES OF MALARIA IN VIETNAM HAVE FALLEN DRASTICALLY. SOURCE: WHO https://www.vietecon.com/vietecon/2019/3/8/metro-costs-in-the-world monthly 0.5 2019-09-23 https://images.squarespace-cdn.com/content/v1/5c2a8c6789c1725fe2a58f09/1569268822055-KXUDW8TQMCV7CDZU2Z1G/metro+costs.png VietEcon - Metro costs in the world VIETNAMESE METRO’S AREN’T AS CHEAP AS I WOULD EXPECT, BUT THEY ARE GENERALLY CHEAP. NOTES: THIS IS BUILDING OFF OF THIS BLOG POST, WITH HELP FROM THIS ARTICLE AND THIS POST. FOOTNOTES: 1, 2, 3, 4, 5, 6, 7, 8, 9, 10, 11, 12, 13, 14, 15, 16, 17, 18, 19, 20, 21, 22, 23 [ED - SORRY FOR ALL OF THE TINY LINKS, BUT WE WANTED TO BE COMPREHENSIVE. ALSO, THE BEIJING NUMBERS CAME FROM WIKIPEDIA, WHICH I DON’T LIKE BUT IS HARD TO DO WITHOUT KNOWLEDGE OF CHINESE] https://www.vietecon.com/vietecon/2019/3/7/swine-flu-and-bigger-project monthly 0.5 2019-09-23 https://www.vietecon.com/vietecon/2019/3/5/investor-visas-to-the-us monthly 0.5 2019-09-23 https://images.squarespace-cdn.com/content/v1/5c2a8c6789c1725fe2a58f09/1569268706506-DXWOVW6GIW291PFY9QR5/visas+2017-18.png VietEcon - Investor visas to the US REPORT OF THE VISA OFFICE, US DEPARTMENT OF STATE https://images.squarespace-cdn.com/content/v1/5c2a8c6789c1725fe2a58f09/1569268735540-LV0IU1DUHUIP7W4BCNMQ/visas+2007-18.png VietEcon - Investor visas to the US REPORT OF THE VISA OFFICE, US DEPARTMENT OF STATE https://www.vietecon.com/vietecon/2019/3/23/back-to-normalcy monthly 0.5 2019-09-23 https://www.vietecon.com/vietecon/2019/2/27/follow-up-on-vehicle-data monthly 0.5 2019-09-23 https://images.squarespace-cdn.com/content/v1/5c2a8c6789c1725fe2a58f09/1569268542443-V79ATHXKBN83EVYYNE99/Car+by+gdp+pop+-+wide.png VietEcon - Follow up on vehicle data VEHICLE SALES SEEM TO TRACK PRETTY WELL WITH GDP PER CAPITA. THE MORE OF ONE, THE MORE OF THE OTHER. SOURCE: WORLD BANK, OICA, VIETECON.COM https://www.vietecon.com/vietecon/2019/2/26/double-v-vietnam-and-vehicles monthly 0.5 2019-09-23 https://images.squarespace-cdn.com/content/v1/5c2a8c6789c1725fe2a58f09/1569268377459-NR6RLMZG1EJQZYQTO6I6/ride+hailing+test+pilot+figures+HCMC.png VietEcon - Double V: Vietnam and Vehicles VEHICLES IN THE RIDE-HAILING PILOT PROGRAM IN HCMC. SOURCE: HCMC DEPARTMENT OF TRANSPORTATION https://images.squarespace-cdn.com/content/v1/5c2a8c6789c1725fe2a58f09/1569268429807-WO1HYJMZRQ9KDNN5JZ2Y/Vehicle+sales+Vietnam.png VietEcon - Double V: Vietnam and Vehicles VEHICLE SALES IN VIETNAM, SOURCE; VAMA AND OICA https://images.squarespace-cdn.com/content/v1/5c2a8c6789c1725fe2a58f09/1569268472169-JK33XSFRAVYPJPX11UJM/Car+by+gdp+pop.png VietEcon - Double V: Vietnam and Vehicles VIETNAM IS AT THE START OF VEHICLE SALES, BUT AS IT GROWS RICHER, WE SHOULD SEE MANY MORE CARS SOLD. SOURCE: OICA, VAMA, WORLD BANK, VIETECON.COM ESTIMATES https://www.vietecon.com/vietecon/2019/2/25/warning-boring-ifrs-and-vietnam monthly 0.5 2019-09-23 https://www.vietecon.com/vietecon/2019/2/22/vietnam-prepares-for-trump-kim-summit monthly 0.5 2019-09-23 https://www.vietecon.com/vietecon/2019/2/21/what-lessons-does-the-billion-dollar-whale-have-for-vietnam monthly 0.5 2019-09-23 https://www.vietecon.com/vietecon/2019/2/20/the-case-of-the-disappearing-mekong-delta monthly 0.5 2019-09-23 https://images.squarespace-cdn.com/content/v1/5c2a8c6789c1725fe2a58f09/1569267822569-OORUXGNR7IFYELNEZQNL/MEKONG+PIC.jpg VietEcon - The case of the disappearing Mekong delta SOURCE: UTRECHT UNIVERSITY. PAPER HERE. https://images.squarespace-cdn.com/content/v1/5c2a8c6789c1725fe2a58f09/1569268139069-LKJ1ZHR6P5MD1PW937J3/Anne+Lin.jpg VietEcon - The case of the disappearing Mekong delta SOURCE: ANNE LIN THROUGH UNSPLASH https://www.vietecon.com/vietecon/2019/2/19/solar-in-vietnam monthly 0.5 2019-09-23 https://www.vietecon.com/vietecon/2019/2/15/phuong-my monthly 0.5 2019-09-23 https://images.squarespace-cdn.com/content/v1/5c2a8c6789c1725fe2a58f09/1569267617646-2KY65IN7VB8CBKR4MAQV/14C.jpg VietEcon - Phuong My https://images.squarespace-cdn.com/content/v1/5c2a8c6789c1725fe2a58f09/1569267639269-OOMBDNAJBTKS4CAH86T9/23C.jpg VietEcon - Phuong My https://images.squarespace-cdn.com/content/v1/5c2a8c6789c1725fe2a58f09/1569267660510-4QEK8ODJI0W20AIXN03H/26C.jpg VietEcon - Phuong My https://images.squarespace-cdn.com/content/v1/5c2a8c6789c1725fe2a58f09/1569267676481-6ZYT96QIJFKN99BUZY08/30C.jpg VietEcon - Phuong My https://www.vietecon.com/vietecon/2019/2/14/vietnam-as-an-example-for-north-korea monthly 0.5 2019-09-23 https://www.vietecon.com/vietecon/2019/2/13/sand-in-vietnam monthly 0.5 2019-09-23 https://images.squarespace-cdn.com/content/v1/5c2a8c6789c1725fe2a58f09/1569267465523-3ED2KUC9F21J20OHTOPI/cement+production.png VietEcon - Sand in Vietnam CEMENT PRODUCTION REACHED MORE THAN 90M TONNES IN 2018, WITH ABOUT 2/3RDS OF THAT FOR THE DOMESTIC MARKET SOURCE: CEMNET.COM, STOXPLUS, VIETECON https://www.vietecon.com/vietecon/2019/2/12/land-in-vietnam monthly 0.5 2019-09-23 https://www.vietecon.com/vietecon/2019/2/11/three-things-on-my-mind monthly 0.5 2019-09-23 https://www.vietecon.com/vietecon/2019/2/8/corruption-and-firm-size monthly 0.5 2019-09-23 https://www.vietecon.com/vietecon/2019/2/7/hotels-a-market-sizing-exercise-part-10-of- monthly 0.5 2019-09-23 https://images.squarespace-cdn.com/content/v1/5c2a8c6789c1725fe2a58f09/1569267259798-N17HQKFLWJOVJUYBS0XO/Hotel+cost+calcs.png VietEcon - Hotels: A market-sizing exercise (part 10 of ???) SOURCE: VIETECON.COM https://images.squarespace-cdn.com/content/v1/5c2a8c6789c1725fe2a58f09/1569267286505-8BPL3Z55IPBWI95TBXRI/Room+cost.png VietEcon - Hotels: A market-sizing exercise (part 10 of ???) SOURCE: VIETECON.COM https://www.vietecon.com/vietecon/2019/2/6/hotels-a-market-sizing-exercise-part-8-of- monthly 0.5 2019-09-23 https://images.squarespace-cdn.com/content/v1/5c2a8c6789c1725fe2a58f09/1569267195344-TOWUTTOTUIYLJOS1S0SC/visitor.png VietEcon - Hotels: A market-sizing exercise (part 8 of ???) SOURCE: VIETNAMESE DEPARTMENT OF TOURISM, VIETECON.COM https://www.vietecon.com/vietecon/2019/2/4/hotels-a-market-sizing-exercise-part-7-of-updated-5-feb monthly 0.5 2019-09-23 https://images.squarespace-cdn.com/content/v1/5c2a8c6789c1725fe2a58f09/1569267019842-5MO4PLW9PIYH1M24264J/Calc+1.png VietEcon - Hotels: A market-sizing exercise (part 7 of ???) [Updated 5 Feb*] SOURCE: VIETNAMESE DEPARTMENT OF TOURISM, VIETECON.COM https://images.squarespace-cdn.com/content/v1/5c2a8c6789c1725fe2a58f09/1569267050519-YQSCABJ3UAC6NUS09GDX/Calc+2.png VietEcon - Hotels: A market-sizing exercise (part 7 of ???) [Updated 5 Feb*] SOURCE: VIETNAMESE DEPARTMENT OF TOURISM, VIETECON.COM https://images.squarespace-cdn.com/content/v1/5c2a8c6789c1725fe2a58f09/1569267075941-BOS75OW9RD6V0WYRFXAZ/Calc+3.png VietEcon - Hotels: A market-sizing exercise (part 7 of ???) [Updated 5 Feb*] SOURCE: VIETNAMESE DEPARTMENT OF TOURISM, HVS, VIETECON.COM https://images.squarespace-cdn.com/content/v1/5c2a8c6789c1725fe2a58f09/1569267097879-FGXDFGDH2DR775H3L4PE/Calc+4.png VietEcon - Hotels: A market-sizing exercise (part 7 of ???) [Updated 5 Feb*] BLUE = ESTIMATES. SOURCE; VIETNAMESE DEPARTMENT OF TOURISM, VIETECON.COM https://images.squarespace-cdn.com/content/v1/5c2a8c6789c1725fe2a58f09/1569267127080-NFC1HHZJ13X7MXBEIJDV/calcs.png VietEcon - Hotels: A market-sizing exercise (part 7 of ???) [Updated 5 Feb*] SOURCE: VIETECON.COM https://www.vietecon.com/vietecon/2019/2/1/welcome-to-the-month-of-love monthly 0.5 2019-09-23 https://www.vietecon.com/vietecon/2019/1/31/things-that-caught-my-eye-in-the-news monthly 0.5 2019-09-23 https://www.vietecon.com/vietecon/2019/1/30/a-break-for-china monthly 0.5 2019-09-23 https://images.squarespace-cdn.com/content/v1/5c2a8c6789c1725fe2a58f09/1569266676353-FOU2EWO5EQHZ8N3QDXYP/Shanghai+Vietnam.png VietEcon - A break for China… THE TRENDS ARE SIMILAR, BUT NOT TOO SIMILAR… SOURCE: YAHOO FINANCE, VIETECON.COM https://images.squarespace-cdn.com/content/v1/5c2a8c6789c1725fe2a58f09/1569266716347-5AX192VUXT7IS6YY0XZR/CH+VN+index+scatter+correlation.png VietEcon - A break for China… THE PATTERN IS PRETTY MINOR, AT LEAST BY MY EYES. SOURCE: VIETECON.COM https://www.vietecon.com/vietecon/2019/1/29/a-break-for-demographics monthly 0.5 2019-09-23 https://images.squarespace-cdn.com/content/v1/5c2a8c6789c1725fe2a58f09/1569266505771-G6HEPTHFZCX31WT5B5SR/Chinese+pop.png VietEcon - A break for demographics THE DIFFERENCE BETWEEN MALES AND FEMALES IN CHINA HAS BEEN GROWING FOR THE PAST 55+ YEARS. SOURCE: WORLDBANK; CALCULATION BY VIETECON.COM https://images.squarespace-cdn.com/content/v1/5c2a8c6789c1725fe2a58f09/1569266519518-XTNS5O0F6EWKJGXVMDE6/China+pop+projections.png VietEcon - A break for demographics AND IT APPEARS TO BE NORMALIZING AT THESE HIGH LEVELS. SOURCE: WORLD BANK; CALCULATION BY VIETECON.COM https://images.squarespace-cdn.com/content/v1/5c2a8c6789c1725fe2a58f09/1569266454910-EXW62KUHRZP1CUAFAALX/Vietnam+female+male.png VietEcon - A break for demographics VIETNAM IS THE OPPOSITE - MORE FEMALES THAN MALES. SOURCE: WORLD BANK, CALCULATIONS BY VIETECON.COM https://images.squarespace-cdn.com/content/v1/5c2a8c6789c1725fe2a58f09/1569266589998-4OJOE4VBYVYXJ0I4O0LL/Vietnam+demographics.png VietEcon - A break for demographics GOOD AND BAD NEWS IN THESE NUMBERS. SOURCE: WORLD BANK https://www.vietecon.com/vietecon/2019/1/28/hotels-a-market-sizing-exercise-part-6-of- monthly 0.5 2019-09-23 https://images.squarespace-cdn.com/content/v1/5c2a8c6789c1725fe2a58f09/1569266173913-A1847ARRPB993L5W66C0/Hotel+additions+figures.png VietEcon - Hotels: A market-sizing exercise (part 6 of ???) VIETECON.COM ESTIMATES https://www.vietecon.com/vietecon/2019/1/25/hotels-a-market-sizing-exercise-part-5-of- monthly 0.5 2019-09-23 https://images.squarespace-cdn.com/content/v1/5c2a8c6789c1725fe2a58f09/1569266014256-BBRQN53OOLKY79SW24MH/Guest+night+calculations.png VietEcon - Hotels: A market-sizing exercise (part 5 of ???) HOW I CAME UP WITH MY CALCULATIONS. ALL ESTIMATES IN BLUE. BLACK FIGURES ARE EITHER ACTUALS OR FORMULAS. SOURCE: VIETECON.COM https://images.squarespace-cdn.com/content/v1/5c2a8c6789c1725fe2a58f09/1569266065561-GLZUPIVVBFM3JFAUS448/Estimated+rooms.png VietEcon - Hotels: A market-sizing exercise (part 5 of ???) VIETNAM COULD NEED AS MANY AS 950,000 HOTEL ROOMS IN 2025. SOURCE: VIETECON.COM https://www.vietecon.com/vietecon/2019/1/24/hotels-a-market-sizing-exercise-part-4-of- monthly 0.5 2019-09-23 https://images.squarespace-cdn.com/content/v1/5c2a8c6789c1725fe2a58f09/1569265641734-VAFDI6TCMLBXT2FL7V4M/Estimated+foreign+guests+nights.png VietEcon - Hotels: A market-sizing exercise (part 4 of ???) FOREIGN GUEST NIGHTS COULD REACH 175M BY 2025. SOURCE: VIETECON.COM https://images.squarespace-cdn.com/content/v1/5c2a8c6789c1725fe2a58f09/1569265779760-TOKBBXU0ULOPUUJH0NTP/Domestic+travelers+estimates+scenario+1.png VietEcon - Hotels: A market-sizing exercise (part 4 of ???) SCENARIO ONE - DOMESTIC TRAVELERS REACH 130M BY 2025. SOURCE: VIETNAMESE GOVERNMENT, VIETECON.COM https://images.squarespace-cdn.com/content/v1/5c2a8c6789c1725fe2a58f09/1569265801509-L88OQR76F402T29T8RST/Domestic+travelers+estimates+scenario+2.png VietEcon - Hotels: A market-sizing exercise (part 4 of ???) SCENARIO TWO - DOMESTIC TRAVELERS REACH 160M BY 2025. SOURCE: VIETNAMESE GOVERNMENT, VIETECON.COM https://www.vietecon.com/vietecon/2019/1/23/hotels-a-market-sizing-exercise-part-3-of- monthly 0.5 2019-09-23 https://images.squarespace-cdn.com/content/v1/5c2a8c6789c1725fe2a58f09/1569265528158-19PT7UTDKZUIOB7C7UIO/Guest+night+calculations.png VietEcon - Hotels: A market-sizing exercise (part 3 of ???) BLUE FIGURES ARE ESTIMATES SOURCE: VIETECON.COM ESTIMATES https://images.squarespace-cdn.com/content/v1/5c2a8c6789c1725fe2a58f09/1569265562762-O5RLFGVA84SLKCQUAYQ4/Estimated+guest+nights.png VietEcon - Hotels: A market-sizing exercise (part 3 of ???) USING OUR ESTIMATES FOR NIGHTS AND GUESTS, WE HAVE A PRETTY CLOSE FIT SOURCE: VIETECON.COM ESTIMATES https://www.vietecon.com/vietecon/2019/1/22/martin-luther-king-jr-and-vietnam monthly 0.5 2019-09-23 https://www.vietecon.com/vietecon/2019/1/18/hotels-a-market-sizing-exercise-part-2-of- monthly 0.5 2019-09-23 https://images.squarespace-cdn.com/content/v1/5c2a8c6789c1725fe2a58f09/1569265330898-L426HF1EY2ICFVNJU1R0/Domestic+travelers+in+VN.png VietEcon - Hotels: A market-sizing exercise (part 2 of ???) NUMBERS OF DOMESTIC TRAVELERS IN VIETNAM HAVE JUMPED STARTING IN 2014 AND THEN LEVELED OFF. SOURCE: VIETNAMESE GOVERNMENT https://images.squarespace-cdn.com/content/v1/5c2a8c6789c1725fe2a58f09/1569265365278-10HCIZZMZJAW0QZTC0SP/Dom+tourists+formula+1.png VietEcon - Hotels: A market-sizing exercise (part 2 of ???) HOW WE REACH GUEST NIGHTS FROM HOTEL ROOM DATA. SOURCE: GRANT THORNTON, VIETNAMESE GOVERNMENT, VIETECON.COM ESTIMATES https://images.squarespace-cdn.com/content/v1/5c2a8c6789c1725fe2a58f09/1569265396521-RNYJQBWDRV4URNI30JTX/Dom+tourists+formula+2.png VietEcon - Hotels: A market-sizing exercise (part 2 of ???) HOW TO REACH GUESTS NIGHTS FROM TOURIST FIGURES. SOURCE: GRANT THORNTON, VIETNAMESE GOVERNMENT, VIETECON.COM ESTIMATES https://www.vietecon.com/vietecon/2019/1/17/a-quick-break-from-hotels-environmental-investments monthly 0.5 2019-09-23 https://www.vietecon.com/vietecon/2019/9/23/hotels-a-market-sizing-exercise monthly 0.5 2019-09-23 https://images.squarespace-cdn.com/content/v1/5c2a8c6789c1725fe2a58f09/1569264999582-QPO72USD9XUKFZGA5FFJ/Thai+tourist+figures.png VietEcon - Hotels: A market-sizing exercise SOURCE: THAI TOURISM WEBSITE https://images.squarespace-cdn.com/content/v1/5c2a8c6789c1725fe2a58f09/1569265157192-W5VM788P6T7DVJGCOFEW/Tourists+scenario+2.png VietEcon - Hotels: A market-sizing exercise AN AGGRESSIVE SCENARIO: TOURISTS REACH 35M IN 2025 - PREPRESENTING 12% GROWTH; SOURCE: VIETNAMESE GOVERNMENT, VIETECON.COM ESTIMATES https://images.squarespace-cdn.com/content/v1/5c2a8c6789c1725fe2a58f09/1569265169263-EQIS6LE95R6L8V8QIKNX/Tourists+scenario+1.png VietEcon - Hotels: A market-sizing exercise A CONSERVATIVE SCENARIO: TOURISTS REACH 30M IN 2025 - REPRESENTING 10% GROWTH SOURCE: VIETNAMESE GOVERNMENT, VIETECON.COM ESTIMATES https://www.vietecon.com/vietecon/2019/1/15/cptpp-is-here monthly 0.5 2019-09-23 https://www.vietecon.com/vietecon/2019/1/14/vietnam-and-enron monthly 0.5 2019-09-23 https://www.vietecon.com/vietecon/2019/1/11/telecom-news monthly 0.5 2019-09-23 https://images.squarespace-cdn.com/content/v1/5c2a8c6789c1725fe2a58f09/1569264836100-GEPFE59H0LAD3JKT9TEE/Smartphone+market+share.png VietEcon - Telecom news KOREA AND CHINA DOMINATE THE VIETNAMESE MOBILE MARKET SOURCE; COUNTERPOINT RESEARCH: QUARTERLY MARKET MONITOR Q2 2018 https://www.vietecon.com/vietecon/2019/9/23/great-expectations monthly 0.5 2019-09-23 https://images.squarespace-cdn.com/content/v1/5c2a8c6789c1725fe2a58f09/1569264692179-U2Q5F9XVFTBJPEBE338F/VN+Index+forecasts.png VietEcon - Great expectations 2019 FORECASTS FOR VN INDEX https://images.squarespace-cdn.com/content/v1/5c2a8c6789c1725fe2a58f09/1569264732775-5F8IY75WW2QN99LFKVFV/S%26P+estimates.png VietEcon - Great expectations S&P 500 FORECASTS HAVE HISTORICALLY BEEN WRONG; SOURCE: MARKETWATCH https://www.vietecon.com/vietecon/2019/1/9/coconut-oil-and-fad-diets monthly 0.5 2019-09-23 https://images.squarespace-cdn.com/content/v1/5c2a8c6789c1725fe2a58f09/1569264465598-ZDW9ZYGRIZLQ05UUK4EV/Coconut+oil+prices.png VietEcon - Coconut oil and fad diets COCONUT OIL PRICES WAY DOWN SOURCE: FOREIGN AGRICULTURAL SERVICE/USDA https://images.squarespace-cdn.com/content/v1/5c2a8c6789c1725fe2a58f09/1569264494383-0IBGV4T4C98VP5XQZ39E/Coconut+oil+trends.png VietEcon - Coconut oil and fad diets PRODUCTION AND CONSUMPTION HAVE MOVED ONLY SLIGHTLY AROUND THEIR AVERAGE; SOURCE: FOREIGN AGRICULTURAL SERVICE/USDA YEARS END IN SEPTEMBER https://www.vietecon.com/vietecon/2019/1/8/a-closer-look-at-future-airline-capacity-in-vietnam-part-2 monthly 0.5 2019-09-23 https://images.squarespace-cdn.com/content/v1/5c2a8c6789c1725fe2a58f09/1569263131138-G1V67BEYMQY1H3BPIBQG/Vietnamese+aviation+mkt.png VietEcon - A closer look at future airline capacity in Vietnam (part 2) GROWTH HAS BEEN VERY FAST, BUT HOW MUCH LONGER SOURCE: CAPA https://images.squarespace-cdn.com/content/v1/5c2a8c6789c1725fe2a58f09/1569263228299-72P62T5O6XQSUR1VAXHQ/Pax+pop+gdp+per+capita.png VietEcon - A closer look at future airline capacity in Vietnam (part 2) THAILAND’S EXPERIENCE MAKES US DOUBT THAT VIETNAM WILL REACH MORE THAN 200M PAX A YEAR SOURCE: WORLD BANK, WORLD ATLAS https://images.squarespace-cdn.com/content/v1/5c2a8c6789c1725fe2a58f09/1569263276495-4YTVYPCQEE61D3C1NDQ5/Airline+orders.png VietEcon - A closer look at future airline capacity in Vietnam (part 2) CAPACITY ADDITIONS LIKELY TOO AGGRESSIVE SOURCE: VIETECON, COMPANY WEBSITES https://www.vietecon.com/vietecon/2019/1/7/a-closer-look-at-future-airline-capacity-in-vietnam-part-11 monthly 0.5 2019-09-23 https://images.squarespace-cdn.com/content/v1/5c2a8c6789c1725fe2a58f09/1569262754814-IW7JAXUBT0GT75V2HDXB/LCC+seats.png VietEcon - A closer look at future airline capacity in Vietnam (part 1) CAPACITY IS MUCH LESS THAN DEVELOPED MARKETS AND EVEN SOME OF VIETNAM’S NEIGHBORS https://www.vietecon.com/vietecon/2019/9/20/is-the-stock-market-efficient-in-vietnam-on-a-preliminary-basis-yes monthly 0.5 2019-09-20 https://images.squarespace-cdn.com/content/v1/5c2a8c6789c1725fe2a58f09/1568991816458-F0XRV4MU44VWJ9E574EV/Regression+table.png VietEcon - Is the stock market efficient in Vietnam? On a preliminary basis, yes. P VALUES MOSTLY NOT SIGNIFICANT, R SQUARED IS SMALL AND DURBIN-WATSON TEST SHOWS NO AUTOCORRELATION https://www.vietecon.com/vietecon/2019/1/2/labor-costs-in-vietnam-higher-than-i-expected monthly 0.5 2019-09-20 https://images.squarespace-cdn.com/content/v1/5c2a8c6789c1725fe2a58f09/1568990673335-7X7Q3RKX6PZSON1DKDDE/Nom+GDP+2016.png VietEcon - Labor costs in Vietnam higher than I expected PER CAPITA GDP IS JUST BELOW THE AVERAGE LABOR COSTS https://www.vietecon.com/vietecon/tag/Labor+costs monthly 0.5 https://www.vietecon.com/vietecon/tag/trade+balance monthly 0.5 https://www.vietecon.com/vietecon/tag/trade+imbalance monthly 0.5 https://www.vietecon.com/vietecon/tag/exports monthly 0.5 https://www.vietecon.com/vietecon/tag/freight monthly 0.5 https://www.vietecon.com/vietecon/tag/stock+market monthly 0.5 https://www.vietecon.com/vietecon/tag/tourism monthly 0.5 https://www.vietecon.com/vietecon/tag/airline+capacity monthly 0.5 https://www.vietecon.com/vietecon/tag/per+capita+gdp monthly 0.5 https://www.vietecon.com/vietecon/tag/VIC monthly 0.5 https://www.vietecon.com/vietecon/tag/airlines monthly 0.5 https://www.vietecon.com/vietecon/tag/VIN monthly 0.5 https://www.vietecon.com/vietecon/tag/FLC monthly 0.5 https://www.vietecon.com/vietecon/tag/market+efficiency monthly 0.5