Advertisements Sustainable infrastructure investments are becoming the norm and enabling stable economic and social growth in Việt Nam, Nirukt Sapru, CEO, Vietnam and ASEAN & South Asia Cluster Markets at Standard Chartered Bank, said at a conference on Friday in HCM City. Water, energy, transport and digital infrastructure are key sectors that are immediate priorities,Continue reading “Sustainable infrastructure investment speeds up growth in Viet Nam”
Category Archives: Finance
Foreign funds inject about 10 billion dollars into Vietnam’s leading corporations
Advertisements Just over the last two years, about 10 billion dollars from the region have been poured into Vietnam’s leading corporations. Finnish Pyn Elite Fund has released a report, raising the long-term prospects of Vietnam’s stock market with the prediction that the VN Index will reach 1,800 points from 1,000 points currently. The positive factorsContinue reading “Foreign funds inject about 10 billion dollars into Vietnam’s leading corporations”
Hanoi announces housing projects for foreigners
Advertisements The Hanoi Department of Construction has announced a list of 16 housing projects in which foreigners can buy. Among those, four projects in Ha Dong District are Ngan Ha, Him Lam Van Phuc, Hoang Thanh City, and one invested by Linh Chau Investment and Trading JS Company. Two projects are located in Thanh XuanContinue reading “Hanoi announces housing projects for foreigners”
Millennials in ages 31-34 of Vietnam more accurately assess their finances
Advertisements Users of online financing services aged 31-34 more accurately match their needs in finance to actual capabilities. In comparison to other age groups, they apply for such amounts, which size is the closest to the approved. These are the conclusions of analysts of the financial holding Robocash Group after studying customer applications received sinceContinue reading “Millennials in ages 31-34 of Vietnam more accurately assess their finances”
Vietnam’s central bank will lower the ceiling on interest rates
Advertisements Vietnam’s central bank said late on Monday it will lower the ceiling on interest rates that banks can offer on dong deposits for 1-month and 6-month terms. The ceiling on 1-month terms will be cut by 0.2 percentage point from 1.0%, while rates for 6-month maturity will be reduced from 5.5% to 5%, theContinue reading “Vietnam’s central bank will lower the ceiling on interest rates”
Vietnam among top in salary growth
Advertisements Vietnam is ranked second in the top 20 countries in terms of salary growth in a recent report from ECA International, a global provider of information, software, and expertise for the management and assignment of employees around the world. ECA International’s annual Salary Trends Report analyses current and projected salary increases for local employeesContinue reading “Vietnam among top in salary growth”
Citi and Lazada Launch Co-brand Credit Card Partnership in Vietnam
Advertisements Citi, the largest pan-regional credit issuer, and Lazada Group, Southeast Asia’s leading e-commerce platform, have launched a new Lazada Citi credit card in Vietnam – the first e-Commerce Credit Card Partnership in Vietnam – one month after the launch of the same card in Malaysia and Thailand. For the first time ever, cardholders willContinue reading “Citi and Lazada Launch Co-brand Credit Card Partnership in Vietnam”
Vietnam’s debt-trading market needs private players to increase liquidity
Advertisements Vietnam’s debt-trading market is limited to two state-owned asset management companies and banks, but needs private players to increase liquidity, experts say. These institutions focus mostly on settling their own debt and do not engage much in trading, so the overall process is slow and long in Vietnam, said Dr. Can Van Luc, ChiefContinue reading “Vietnam’s debt-trading market needs private players to increase liquidity”
HCMC third most promising real estate market in Asia-Pacific: report
Advertisements Ho Chi Minh City ranks third best out of 22 cities in the Asia-Pacific for property investment in 2020, according to a report. Based on the opinions of 460 real estate professionals, the 2020 Emerging Trends in Real Estate Asia Pacific report by U.S. think tank Urban Land Institute and U.K. professional services companyContinue reading “HCMC third most promising real estate market in Asia-Pacific: report”
Firms issue 7.71 billion USD worth of bonds in 10 months
Advertisements The total value of corporate bonds was 178.7 trillion VND (7.71 billion USD) in January-October this year, according to SSI Retail Research. Commercial banks remained the biggest bond issuers with 79.4 trillion VND worth of bond issuance, accounting for 44.4 percent of the total figure. Real estate companies issued 61.27 trillion VND worth ofContinue reading “Firms issue 7.71 billion USD worth of bonds in 10 months”
The international and domestic forex markets have seen many unexpected movements recently
Advertisements The international and domestic forex markets have seen many unexpected movements recently. The official dong/dollar exchange rate set by the State Bank of Vietnam (SBV) unexpectedly decreased by VND17 per dollar last week, now staying at VND23,138 per dollar. In October, the official exchange rate decreased by VND16 per dollar, marking the first monthContinue reading “The international and domestic forex markets have seen many unexpected movements recently”
Robocash Group reaches the milestone of $ 500 million issued loans
Advertisements In the third quarter of 2019, the cumulative volume of consumer financing granted by lending companies of the financial holding Robocash Group amounted to $ 500 million. The group continued to strengthen its position in the Asian market. Showing a 92% increase year-over-year in the volume of the issued loans in the first nineContinue reading “Robocash Group reaches the milestone of $ 500 million issued loans”
Super Public Blockchain 4.0 Platform ACF was launched in Hanoi, Vietnam
Advertisements Swiss digital financial trading platform Algo Cipher collaborated with several global indicator FinTech teams to develop its Super Public Blockchain 4.0 Platform ACF (Algo Cipher Funds), which was launched on Nov. 9, 2019 in Hanoi, Vietnam, aiming to resolve industry pain points by delivering efficiency, cross chain, high adaptability, and inexpensive maintenance. The launchContinue reading “Super Public Blockchain 4.0 Platform ACF was launched in Hanoi, Vietnam”
Vietnamese businesses still reluctant to list shares
Advertisements The number of companies which listed shares or are planning to list shares in 2019 remains very modest. In the first half of the year, only seven companies listed shares at the HCM City Stock Exchange (HSX), nine at the Hanoi Stock Exchange (HNX) and 44 on UpCom. The figures were 23, 11 andContinue reading “Vietnamese businesses still reluctant to list shares”
Increasing import of crude oil and coal in Vietnam
Advertisements Vietnam’s coal and crude oil imports surged in the first ten months of this year, government data released on Tuesday showed, highlighting the Southeast Asian country’s increasing reliance on imported energy to support its fast-growing economy. Reuters reported. Vietnam has one of the fastest-growing economies in Asia, backed by robust exports and foreign investment.Continue reading “Increasing import of crude oil and coal in Vietnam”