Advertisements Nation’s equities haven’t been this cheap since 2017. Sell-off presents ‘interesting value opportunities’: Ashmore. Vietnamese stocks are some of the world’s most battered this year, but market watchers are backing a turnaround, the Asia Insiders reports. They’re pointing to valuations that haven’t been this cheap since 2017 and an economy that’s been growing 5%Continue reading “Vietnam remains one of the fastest growing economies in Asia”
Category Archives: Finance
Vietnam to discuss strengthening agricultural trade cooperation with US
Advertisements The office of the Ministry of Agriculture and Rural Development on February 25 said that the Vietnamese delegation led by agricultural Deputy Minister Le Quoc Doanh has gone to the US to discuss strengthening agricultural trade cooperation between the two countries. At the meeting with Mr. Ted McKinney, Under Secretary of Agriculture for TradeContinue reading “Vietnam to discuss strengthening agricultural trade cooperation with US”
Vietnam is still one of favourite countries in terms of growth prospects
Advertisements VIETNAMESE stocks are some of the world’s most battered this year, but market watchers are backing a turnaround. They are pointing to valuations that have not been this low since 2017, and an economy that has been growing 5 per cent or more each year for two decades. The nation’s benchmark gauge has almostContinue reading “Vietnam is still one of favourite countries in terms of growth prospects”
Gold prices fall in the market
Advertisements After soaring to an eight-year high on Monday, domestic gold prices fell between VNĐ1.3 million and VNĐ2 million (US$56-86) per tael on Tuesday. In the local market, Sài Gòn Jewellery Company (SJC) listed their gold at VNĐ47.7 million ($2,060) per tael. Bảo Tín Minh Châu gold firm posted VNĐ47.45 million, while Doji reported pricesContinue reading “Gold prices fall in the market”
Vietnam is feeling the economic impact causes by coronavirus
Advertisements As the official count of confirmed cases of COVID-19 — the respiratory illness causes by coronavirus — continues to climb, Vietnam is feeling the economic impact. Many factories such as Tan Hoang Gia Trading Co., which typically imports plywood from China, have been unable to get materials from the country. With borders partially closed,Continue reading “Vietnam is feeling the economic impact causes by coronavirus”
Global stocks have worst day as coronavirus fears spread, VN-Index plunges to 13-month low
Advertisements Global stocks had their worst day in two years, the S&P 500 and the Dow Jones Industrial Average on Monday suffered their biggest one-day percentage losses in two years after a surge in coronavirus cases outside China fanned worries about the global economic impact of a potential pandemic. Investors sold riskier assets and rushedContinue reading “Global stocks have worst day as coronavirus fears spread, VN-Index plunges to 13-month low”
US delisting of Vietnam as developing nation no big deal
Advertisements The U.S. declassification of Vietnam as a developing nation was anticipated and will affect neither existing countervailing duties levied nor its WTO benefits. “Although the U.S.’s move means Vietnam will stop receiving some preferential treatment it had enjoyed while it was considered a developing nation, this is something that has been anticipated, as thisContinue reading “US delisting of Vietnam as developing nation no big deal”
E-payment is strongly stimulated in Vietnam
Advertisements In the sensitive time of the Covid-19 outbreak, cash is considered a potential disease transporter in the community. To promote the habit of e-payment among the public in Vietnam, many banks and intermediary payment services are offering free transaction fee. Presently, many e-wallet providers in Vietnam advise consumers to switch to e-trading to minimizeContinue reading “E-payment is strongly stimulated in Vietnam”
Real estate businesses ask Government to remove difficulties
Advertisements The Vietnam Real Estate Association (VNREA) will next month propose solutions to Prime Minister Nguyen Xuan Phuc to remove difficulties in administrative procedures, capital and cut loan interest for real estate businesses. VNREA Chairman Nguyen Tran Nam made the announcement at a conference held by VNREA in Hanoi on February 18, which was attendedContinue reading “Real estate businesses ask Government to remove difficulties”
How will exchange rate and interest rate be affected amid Covid-19 outbreak?
Advertisements SSI Research says the financial market in 2020 will be unpredictable and much less active than the forecasts released at the end of 2019. The first-phase agreements between the US and China was the most anticipated event in Japan and might have prolonged the optimism roused in December 2019 if the the US-Iran conflictContinue reading “How will exchange rate and interest rate be affected amid Covid-19 outbreak?”
VN-Index ends three-session losing streak
Advertisements VN-Index edged up 0.09 percent to 928.76 points Wednesday after three consecutive losing sessions. Ho Chi Minh Stock Exchange (HoSE), Vietnam’s main bourse on which VN-Index is based, saw 202 stocks rise and 152 fall. Order matched transactions were VND2.5 trillion ($107.39 million), slightly below last month’s average of VND2.6 trillion ($111.68 million). VN30-IndexContinue reading “VN-Index ends three-session losing streak”
Foreign banks fund for the construction of gas-fired power plants
Advertisements PetroVietnam Power Corporation (PV Power) has said that a consortium of Citibank and Ingbank will arrange funds for the construction of its gas-fired power plants Nhon Trach 3 and 4 in the southern province of Dong Nai. Equipped with the mixed-flow gas turbine technology, the two thermal power plants will be the first inContinue reading “Foreign banks fund for the construction of gas-fired power plants”
MSB Appoints Duong Ngoc Dung as Its New Chief Marketing Officer
“I’m excited to join an organization like MSB that has such a strong reputation in the market and an ambitious growth agenda,” said Duong Ngoc Dung.
FDI enterprises face challenges on Vietnamese stock market
Advertisements While many foreign-invested enterprises are finding it hard to be listed on the Vietnamese stock market, some others’ shares traded on the bourse are facing the neglect from investors. After 13 years of listing on Vietnam’s stock market, shares of Taya (Vietnam) Electric Wire and Cable JSC (TYA) have lost more than half ofContinue reading “FDI enterprises face challenges on Vietnamese stock market”
Covid-19 outbreak could decline Vietnam state budget revenue of US$1.82 billion
Advertisements In case the epidemic persists for around four to five months, or even longer, manufacturing sectors with high dependence on input materials from China would be in trouble. Vietnam would face a potential loss of VND42.3 billion (US$1.82 billion) in state budget revenue due to the impact of the Covid-19 epidemic, according to theContinue reading “Covid-19 outbreak could decline Vietnam state budget revenue of US$1.82 billion”