Advertisements The ghost of having one of its investors embroiled in a scandal just before showtime has returned to haunt Shark Tank Vietnam, the Vietnamese adaptation of the American business-related reality television series, in its upcoming third season. Shark Tank Vietnam debuted in 2017 and its third season is scheduled to be on air nextContinue reading “Yet another ‘shark’ loses Shark Tank Vietnam seat over company’s scandal”
Category Archives: Finance
Lotte Card is expanding its business in Vietnam
Advertisements Lotte Card is focusing on Vietnam by increasing the number of local employees to 1,000 by the end of this year. Lotte Card, the fifth-largest credit card company in Korea announced on June 25 that its Vietnamese subsidiary, Lotte Finance, has held a grand opening ceremony at Lotte Hotel Hanoi in Hanoi, Vietnam. Related: LotteContinue reading “Lotte Card is expanding its business in Vietnam”
Cashless payment remains low in Việt Nam
Advertisements The ratio of cashless payments in Việt Nam remains low at only 11.49 per cent of total means of payment, according to a recent report from the Central Institute for Economic Management (CIEM). Up to 99 per cent of transactions for goods and services valued below VNĐ100,000 (US$4.3) are paid in cash. According toContinue reading “Cashless payment remains low in Việt Nam”
Could foreign e-wallets lead to a foreign currency drain?
Advertisements Nepal on May 21 imposed a ban on transactions with Chinese e-wallets Alipay and WeChat Pay in the country. What about Vietnam? The ban aims to stop the foreign currency drain caused by Chinese travelers who buy goods in the country and make payments with Alipay and WeChat Pay. In 2018, Nepal received 150,000Continue reading “Could foreign e-wallets lead to a foreign currency drain?”
Vietnam’s gold prices jump to six-year high on global surge
Advertisements Gold traded above VND39 million (US$1,680) a tael in Vietnam on Friday, the highest level since June 2013, as the precious metal surpassed the key US$1,400 level for the first time in nearly six years in the global market. Gold prices quoted by most Vietnamese gold companies have climbed more than VND1 million (US$43)Continue reading “Vietnam’s gold prices jump to six-year high on global surge”
Vietnam gold prices jump as US readies for interest rate cuts
Advertisements Gold prices rose in Vietnam Thursday morning as the U.S. Federal Reserve kept interest rate unchanged with possible cuts in the offing. Gold buying prices at Vietnam’s largest jewelry company DOJI, SJC, was VND620,000 ($26.78) per tael, or 1.66 percent higher than yesterday, while its selling price rose by VND750,000 ($32.4), or 1.97 percent.Continue reading “Vietnam gold prices jump as US readies for interest rate cuts”
VN stocks saved by hopes for trade war truce
Advertisements Vietnamese shares gained slightly on Wednesday as the market sentiment was buoyed by positive news from the US-China trade war but investors were still aware of the key events ahead. The benchmark VN-Index on the Hồ Chí Minh Stock Exchange was up 0.60 per cent to close at 949.69 points. The VN-Index recovered fromContinue reading “VN stocks saved by hopes for trade war truce”
Vietnam fintech sector set for ‘bloodbath’ competition: Nikkei
Advertisements Merger of two startups heralds consolidation for fragmented market Vietnam’s fast-growing but fragmented digital payments market is set for a wave of consolidation following the recent merger of e-wallet service VIMO and point-of-sale startup mPOS, with one analyst predicting a “bloodbath” as competition heats up. SHAUN TURTON reports on Nikkei. VIMO and mPOS announcedContinue reading “Vietnam fintech sector set for ‘bloodbath’ competition: Nikkei”
Petroleum prices drop for 3rd time in a month
Advertisements Petrol prices have fallen for the third time over the past month. According to a report by the ministries of Industry and Trade and Finance, petroleum prices have been cut from this afternoon, June 17. The retail prices of biofuel E5 and RON95 were cut by VND986 and VND1,085 per litre to VND19,233 andContinue reading “Petroleum prices drop for 3rd time in a month”
Vietnam stock market slides to two-week low
Advertisements Vietnam’s benchmark VN-Index closed below the 950-point benchmark Monday afternoon, the lowest since it bottomed at 946.47 points exactly two weeks ago. At the end of the Monday session, the VN-Index, which represents stocks on the Ho Chi Minh Stock Exchange (HoSE), fell by 6.66 points, down 0.7 percent compared to Friday last week.Continue reading “Vietnam stock market slides to two-week low”
VIB pushing cashless payment solutions
Advertisements Local bank staying abreast of cashless trends in Vietnam. Vietnam International Bank (VIB) recently shared its initiatives to pivot to cashless transactions and emphasized the benefits to consumers in Vietnam. Ms. Tran Thu Huong, Head of Retail Banking – Strategic Businesses and Head of the Strategy & Business Support Department at VIB, underlined theContinue reading “VIB pushing cashless payment solutions”
Mastercard names FE Credit as the “Best in Card Acquisition” in Vietnam
Advertisements FE CREDIT, one of the largest consumer finance companies in Vietnam, was recently recognized by Mastercard as the “Best in Card Acquisition” in the country. FE Credit has issued more than 1 million cards in Vietnam’s underpenetrated market by creating unique propositions to attract and engage category entrants. FE Credit pioneered the Plus+ Card,Continue reading “Mastercard names FE Credit as the “Best in Card Acquisition” in Vietnam”
Vietnam to offer covered warrants to attract foreign investment
Advertisements The Ho Chi Minh City Stock Exchange plans to introduce covered warrants trading on June 28, Bloomberg reports. The move is widely seen as an effort by the Vietnamese government to encourage foreign investment and boost the market’s liquidity. The liquidity of the Vietnam’s stock market is still “very small,” according to Nguyen DucContinue reading “Vietnam to offer covered warrants to attract foreign investment”
Shares ease on low demand
Advertisements Shares tumbled on Wednesday on low liquidity due to weak market sentiment as investors adopted a wait-and-watch approach with little capital injection. The benchmark VN-Index on the Hồ Chí Minh Stock Exchange lost 0.82 per cent to close at 954.17 points. On the southern exchange, 107 stocks advanced while 183 declined. More than 138Continue reading “Shares ease on low demand”
Vietnam to removes daily transaction limit for e-wallet users
Advertisements Following the removal of the limit, Vietnam’s central bank said it would only maintain the monthly limit of VND100 million (US$4,284) for each individual. The State Bank of Vietnam (SBV), the country’s central bank, plans to lift the daily transaction limit at VND20 million (US$856.81) for e-wallet users, the governmental portal reported. The SBVContinue reading “Vietnam to removes daily transaction limit for e-wallet users”