Advertisements Hanoi and Ho Chi Minh City continue to be ranked well below regional peers on the global quality of living index. Vietnam’s capital city has made no progress from last year’s ranking of 155 in the 2019 Quality of Living Index compiled by Mercer, the New York-based consultancy. Ho Chi Minh City, the country’sContinue reading “Hanoi, HCMC remain low on quality of living index”
Category Archives: Finance
Card skimmers steal money through ATMs at night in Ho Chi Minh City
Advertisements Residents across Ho Chi Minh City are reporting unapproved ATM withdrawals from their debit accounts, a situation reminiscent of a spree of thefts in late April 2018. D.K.Tho, a local worker, told Tuoi Tre (Youth) newspaper he had VND8 million (US$344) withdrawn from his account on the night of March 10. Tho received aContinue reading “Card skimmers steal money through ATMs at night in Ho Chi Minh City”
SE Asia Stocks-Most rise as amended Brexit deal sharpens risk appetite
Advertisements Most Southeast Asian stocks rose on Tuesday, with Vietnam and Singapore leading gains after the European Commission agreed to changes in a Brexit deal, whetting appetite for riskier assets. Investors, who have long grappled with Britain’s exit from the European Union, caught a break after the European Commission agreed to additional assurances in anContinue reading “SE Asia Stocks-Most rise as amended Brexit deal sharpens risk appetite”
VDSC’s Morning Brew: MSH, FPT, FRT, YEG, VIB, LDG
Advertisements Song Hong Garment (HoSE: MSH ) expects to pay 40% dividend, which is VND4,000 per share, net profit targets VND475bn in 2019. (read more) FPT (HoSE: FPT ) set a target PBT of VND4,460bn in 2019, paying dividends of 20% in cash (already paid 10%) and 10% in shares after the AGM. (read more) FPT Retail (HoSE: FRTContinue reading “VDSC’s Morning Brew: MSH, FPT, FRT, YEG, VIB, LDG”
Credit growth in the first 2 months has been only 0.77%.
Advertisements The monetary & credit market in the first 2 months of 2019 has been evaluated relatively stable. The monetary & credit market is relatively stable, up to 25 February 2019, the total means of payment increased 2.11%; capital mobilization increased 01%, credit for the economy increased 0.77% compared to the end of 2018. TheContinue reading “Credit growth in the first 2 months has been only 0.77%.”
VIB plans to reach VND3,400 billion profit before tax in 2019, up by 24% year-on-year
Advertisements Vietnam International Bank (VIB) has just released documents for Annual General Meeting 2019 (AGM), expected to be organized on March 28 in Ho Chi Minh City. 2019, VIB plans to reach VND3,400 billion profit before tax VIB has targeted its profit before tax of VND3,400 billion, increasing by 24% year-on-year. Total asset is expectedContinue reading “VIB plans to reach VND3,400 billion profit before tax in 2019, up by 24% year-on-year”
All Vietnamese banks required to be listed by 2020
Advertisements Vietnam targets all joint stock commercial banks to go public by the end of 2020 in a bid to increase transparency in the banking system and make more securities available in the stock market, according to a recent prime minister-approved scheme on restructuring securities and insurance market until 2020, with vision to 2025. AsContinue reading “All Vietnamese banks required to be listed by 2020”
VDSC’s March Investment Strategy Report – Better safe than sorry.
Advertisements Foreign investors were net buyers of Asian shares on hopes the U.S. Federal Reserve would slow with its monetary tightening measures this year and trade talks would unwind some tariffs, bolstering world trade. Indeed, there are some good signs. U.S. officials visited Beijing for trade negotiations last month, led by Robert Lighthizer, the hard-nosedContinue reading “VDSC’s March Investment Strategy Report – Better safe than sorry.”
Banks and insurers to ramp up cooperation
Advertisements Banks and insurance companies are ramping up cooperation in selling life insurance products (bancassurance) to cash in on the high growth segment as some have posted annual triple-digit growth rates in the business. After successful partnerships with VPBank, CitiBank, ACB and SeABank, insurer AIA Vietnam this year continued to cooperate with Kien Long CommercialContinue reading “Banks and insurers to ramp up cooperation”
Vietnam climbs in ranking of top countries
Advertisements Vietnam’s up five notches in a ranking of countries with a rich heritage, high growth rate and business openness. A recent report of U.S. News and World Report has ranked Vietnam 39 out of 80 economies, up from 44 last year. U.S. News & World Report is an American media company that publishes news,Continue reading “Vietnam climbs in ranking of top countries”
Foreign property buyers flock to high-end market
Advertisements Attractive profits are finally bringing overseas buyers and investors back to the luxury apartment segment after a period of relative inactivity. As the upper class continues to grow and consolidate demand for high-end and luxury housing products, the market still has room for growth. The number of the so-called super-rich in Vietnam, and theirContinue reading “Foreign property buyers flock to high-end market”
Lotte Vietnam Finance to join Vietnam Banking Association
Advertisements Lotte Vietnam Finance Company Limited (Lotte Finance) has become the first Korean financial institution to become an official member of the Vietnam Banking Association (VBA). The admittance, which comes just five months after it started operations in Vietnam, shows the Korean firm’s commitment to long-term development in Vietnam’s finance industry. “Becoming a member ofContinue reading “Lotte Vietnam Finance to join Vietnam Banking Association”
Asian Stock Markets Gain As Investors Look to Trump – Kim Summit in Vietnam
Advertisements Asian shares had a mixed session Wednesday as investors awaited the second summit between President Donald Trump and North Korean leader Kim Jong Un in Vietnam and rising tensions in Southeast Asia rattled some investors. Japan’s benchmark Nikkei 225 NIK, -0.45% closed up 0.5%. Australia’s S&P/ASX 200 XJO, +0.03% gained 0.3% and South Korea’sContinue reading “Asian Stock Markets Gain As Investors Look to Trump – Kim Summit in Vietnam”
Moody’s: Foreign investment crucial to Vietnamese banks in 2019
Advertisements Most Vietnamese banks fall short of international capital adequacy norms and have to focus on attracting foreign capital this year, Moody’s has said. The credit rating agency said in a release Monday that “the underdevelopment of the domestic capital markets” means the banks would have to look to foreign investors to meet the capitalContinue reading “Moody’s: Foreign investment crucial to Vietnamese banks in 2019”
Standard Chartered Bank celebrates 115 years in Vietnam
Advertisements Bank remarks long journey of driving commerce and prosperity in Vietnam. The London-based international bank Standard Chartered recently kick-started celebrations of its 115th anniversary in Vietnam. The key highlight was the Standard Chartered 115th Anniversary Gala event last week. The ceremony was graced by the bank’s clients and partners and hosted by Ms. JudyContinue reading “Standard Chartered Bank celebrates 115 years in Vietnam”