Vietnam Update – Nov 2015

ECONOMIC UPDATE

Vietnam continued to show macroeconomic stability amid the conclusion of the Trans-Pacific Partnership (TPP).

Nikkei’s Purchasing Manager Index (PMI) rose to 50.1 in October, up from 49.5 of last month. Output increased marginally, whereas new orders declined for the fifth-consecutive month on subdued global demand. Meanwhile, the Industrial Production Index (IPI) fell to 8.8% in October, down from 10.1% in September. Nonetheless, the IPI has risen 9.7% YoY during the ten-month period, much higher than the growth of 6.9% during the same period last year1.

October’s Consumer Price Index (CPI) rose 0.11% MoM and remained unchanged from last year1. The CPI this month was driven mainly by rising foodstuff prices from increased demand as October marked the beginning of the wedding season. Prices of garments, hats and footgear also increased, driven by shopping demand for autumn-winter goods brought about by the change in season1. Though consumption usually picks up towards the end of the year, ahead of holiday season, low oil and commodity prices are likely to keep the CPI depressed. The Asian Development Bank therefore has…

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Duxton’s Agri Bits and Pieces Vol. 262

QUOTE OF THE WEEK

This week’s quote comes from Dr Seth Westra in his presentation at the University of Adelaide’s Research Tuesdays seminar Waterisk and demonstrates the transformative impact water has on society.

“…Water has always played a prominent role; both in facilitating growth in some societies and limiting it in others…Because of our extensive transport networks and our globalised economy, we are able to trade embedded water and transport this all across the world so that a society’s growth, to some extent, is separated by its ability to source food from nearby locations.”

Watch the presentation here: https://goo.gl/RTZIfb

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DUXTON’S ESG INNOVATIVE INVESTMENT MODELS

42nd United Nations Committee for World Food Security

Duxton’s CIO Des Sheehy and Vice President John Simpson, have been very active on the UN’s Committee for World Food Security (CFS) over the last 4 years.

Accountability

At this year’s event, John Simpson was a panellist on the UN’s Food and Agriculture Organisation (FAO) private sector partnerships dialogue on inclusive finance and investment models in agriculture chaired by the Secretary General of the FAO, Jose Graziano da Silva.

Duxton was invited to join the…

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Duxton’s Agri Bits and Pieces Vol. 261

QUOTE OF THE WEEK

An apple a day is no longer just to keep the doctor away. According to market research company IBISWorld, Australian cider (a fermented apple drink) sales have grown at an annualised rate of 34% over the last five years. This week’s quote forecasts the growth of this apple industry and comes from Stephen Garango, Senior Industry Analyst at IBISWorld.

“Australians are forecast to spend AUD 1 billion on the fermented apple drink this financial year. Cider is the major avenue of growth when it comes to expenditure on alcohol. Over the next five years we’re expecting annualised growth in cider expenditure of about 21.5 per cent. This is remarkably higher than the next highest item in alcohol.”

Read more: http://goo.gl/We7RCF

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AG, ENVIRONMENT CAN BOTH WIN

Australia has submitted its intend actions to reduce emissions ahead of the Paris conference with a target of 26 to 28 per cent below 2005 levels by 2030.

If Australia’s first carbon auctions in April are any indication, the land sector will be major contributors to this task.

As part of this process the Australian Government…

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