Advertisements Tumbling stocks and better alternatives keep companies away, analysts say. The IPO market in Vietnam has been staring at a rather unusual drought this year. No private company has hit the bourse in 2019, while last year Vietnam recorded one of the busiest IPO seasons in Southeast Asia, clocking as many five IPOs —Continue reading “No new listings in 2019, Vietnam’s IPO market dries up”
Category Archives: Finance
Vietnam rejects a report saying Vietnam tops a list of countries by dollar value in illicit inflows
Advertisements A report saying Vietnam tops a list of countries by dollar value in illicit inflows is ‘inaccurate’, the Foreign Ministry spokeswoman said Thursday. Le Thi Thu Hang was responding to a request for comments on a January report by Washington DC-based think tank Global Financial Integrity, which said Vietnam tops the list of countriesContinue reading “Vietnam rejects a report saying Vietnam tops a list of countries by dollar value in illicit inflows”
Coffee trading in Vietnam remained lacklustre due to dwindled supply
Advertisements Coffee trading in Vietnam remained lacklustre this week as stockpiles dwindled and supply from the new season is unlikely to be available in around a month. Farmers in the Central Highlands, Vietnam’s largest coffee-growing area, sold coffee COFVN-DAK at 34,000 dong ($1.47) per kg on Thursday, slightly lower than a week ago. The 2019/20Continue reading “Coffee trading in Vietnam remained lacklustre due to dwindled supply”
The World Bank (WB) grants US$2.2 million to strengthen Việt Nam’s banking sector
Advertisements The World Bank (WB) and the State Bank of Việt Nam (SBV) on Tuesday signed a financing agreement for a grant worth US$2.2 million to implement a project aimed at strengthening the soundness and resilience of Việt Nam’s banking sector. Sponsored by the Swiss Government, the grand is designed to improve SBV’s capacity inContinue reading “The World Bank (WB) grants US$2.2 million to strengthen Việt Nam’s banking sector”
Vietnam imposes anti-dumping tax on Chinese aluminum products: Reuters
Advertisements Vietnam has imposed an anti-dumping tax on some aluminum products from China, just months after a similar levy targeting steel items, as the Southeast Asian nation looks to rein in an ever-increasing trade deficit with its giant neighbor. An investigation launched in January found that Chinese dumping activities had seriously hurt domestic producers ofContinue reading “Vietnam imposes anti-dumping tax on Chinese aluminum products: Reuters”
Vietnam’s credit growth has expanded by 8.4 percent
Advertisements Vietnam’s credit growth has expanded by 8.4 percent from the end of 2018 so far this year. According to latest report by the General Statistics Office (GSO), the gain was slower than last year’s figure when credit rose 9.52 percent. Vietnam News Agency reports. Capital mobilized by banks was also moderate, rising by 8.68Continue reading “Vietnam’s credit growth has expanded by 8.4 percent”
Foreign investors keen on Vietnam’s fintech market: Banker
Advertisements Many foreign investors are interested in investing in Vietnam’s fintech market that have huge growth potential, said Han Ngoc Vu, CEO of Vietnam International Bank (VIB), at Fintech Summit 2019 held in Hanoi recently. Vu, who is also a representative from Vietnam Silicon Valley Investment Fund (VSV), revealed that being derived from the projectContinue reading “Foreign investors keen on Vietnam’s fintech market: Banker”
Vietnam’s card payments increased more than fivefold in the last five years
Advertisements The days of cash remaining king may soon be numbered. Card payments in Vietnam are set to grow at a compound annual growth rate (CAGR) of 17.8 per cent to hit 522.5 million transactions by 2023. According to a report by GlobalData, the data and analytics company’s Vietnam Cards & Payments: Opportunities and RisksContinue reading “Vietnam’s card payments increased more than fivefold in the last five years”
What You Need To Know About Facebook’s Cryptocurrency: Libra
Advertisements Libra is the cryptocurrency, or virtual currency, of leading social media platform Facebook. The aim is for Libra to become a global currency which billions of people around the world can make use of, especially those living in countries where access to financial services and banks is limited. Facebook, which was founded by MarkContinue reading “What You Need To Know About Facebook’s Cryptocurrency: Libra”
Hong Kong becomes largest investor of Vietnam in nine months
Advertisements Hong Kong (China) topped 109 countries and territories investing in Vietnam in the first nine months of this year with total capital of $5.89 billion, reported the General Statistics Office (GSO). According to the office, of the total investment, 3.85 billion USD was poured into a deal with Vietnam Beverage JSC in Hanoi, accountingContinue reading “Hong Kong becomes largest investor of Vietnam in nine months”
Dong falls to new low against greenback
Advertisements The dong has fallen by 1.4 percent to the dollar this year, hitting the lowest level in years. The State Bank of Vietnam (SBV) Tuesday raised its USD/VND reference exchange rate to VND23,165, an increase of VND340 since the beginning of this year. However, exchange rates at local banks have remained stable in recentContinue reading “Dong falls to new low against greenback”
Vietnam’s pangasius exporters are focusing more on Chinese market
Advertisements Vietnam’s pangasius exporters are focusing more on Chinese market as their sales to the United States continue to spiral downward. In August, Vietnam exported pangasius worth USD 69.8 million (EUR 63.9 million) to China (including Hong Kong), a jump of 63.4 percent year-on-year and accounting for 40.6 percent of the country’s total pangasius exportContinue reading “Vietnam’s pangasius exporters are focusing more on Chinese market”
Bank-café Timo in Vietnam gets a whole latte love
Advertisements Is Timo a café or a bank? VinaCapital’s Don Lam reckons his popular Vietnamese neobank can profitably be both – and more. Vietnam’s emergent cashed-up millennials seem to agree. According to a report by Eric Ellis on Euromoney, there are not too many banks that get reviewed on TripAdvisor. But then Vietnam’s Timo isn’tContinue reading “Bank-café Timo in Vietnam gets a whole latte love”
Vietnam sixth in word’s trade growth potential ranking list: Standard Chartered
Advertisements Vietnam ranks sixth out of 66 economies with the greatest trade growth potential due to its improving trade readiness, a study says. The Trade20 Index recently released by British lender Standard Chartered Bank ranks 20 economies out of the 66 based on 12 metrics across three pillars: economic dynamism, trade readiness and export diversity.Continue reading “Vietnam sixth in word’s trade growth potential ranking list: Standard Chartered”
Asiamoney names Hong Leong Bank “Best Digital Bank” and “Best Bank for SMEs”
Advertisements Hong Leong Bank was named the “Best Digital Bank” and “Best Bank for SMEs” in Asiamoney Best Bank Awards 2019 – Malaysia. Euromoney reported on Wednesday. Best Bank for SMEs Hong Leong Bank’s digital obsession is transforming its relationship with its core franchise, Malaysia’s small and medium-sized business sector. In June 2018, and afterContinue reading “Asiamoney names Hong Leong Bank “Best Digital Bank” and “Best Bank for SMEs””