Advertisements Index up 16.28% over the last year. The VN-Index has recorded the highest growth in the world over the last year, of 16.28 per cent. Vietnam’s stock market has been anything but smooth in recent months. At the close of trade on October 23 the Index was at 939.68 points; down about 22 perContinue reading “Growth in VN-Index a global high”
Category Archives: Finance
Vietcombank prepares for private placement to foreign investors
Advertisements Joint Stock Commercial Bank for Foreign Trade of Vietnam (Vietcombank) has come closer to a private placement of 579.7 million shares to foreign investors in a move to raise charter capital to VND39.57 trillion (US$1.69 billion). According to the largest Vietnamese lender by market value, the State Securities Commission (SSC) on Wednesday affirmed thatContinue reading “Vietcombank prepares for private placement to foreign investors”
Vietnam to host CFO World Congress
Advertisements Global financial issues and the economic outlook for Asia and Viet Nam will top the agenda of the 48th annual CFO World Congress to be held for the first time in Viet Nam next month. More than 500 business leaders, chief financial officers (CFOs), financial directors and other finance executives are expected to takeContinue reading “Vietnam to host CFO World Congress”
October 23: VN-Index down 1.45%
Advertisements All indexes lose ground after major selling pressure. Trade on Vietnam’s stock market on October 23 was marked by notable selling pressure. Demand at the bottom, however, rose towards the end of the day and helped the market stabilize and bridge losses. On HSX, the VN-Index closed at 939.68 points, down 13.83 points (1.45Continue reading “October 23: VN-Index down 1.45%”
VIB 9–month profit before tax rises 176% YoY, Retail revenue increases 92% YoY
Advertisements Vietnam International Bank (UPCoM: VIB) announced its financial statements of the first 9 months of 2018, with positive business results shown in key indicators such as asset growth, profit from core business. Profit before tax grows 176% According to the nine-month financial statement, VIB reported profit before tax of VND 1,720 billion, up 176%Continue reading “VIB 9–month profit before tax rises 176% YoY, Retail revenue increases 92% YoY”
Vietnam’s per capita GDP up 17.3 pct in 3 years: PM
Advertisements This year’s estimated per capita GDP of $2,540 marks a $440 increase over 2015, PM Nguyen Xuan Phuc informed the National Assembly Monday. In term of purchasing power parity (PPP), the per capita income in 2018 is estimated at $7,640, and expected to rise annually by six percent to reach $8,580 in 2020, theContinue reading “Vietnam’s per capita GDP up 17.3 pct in 3 years: PM”
October 22: Indexes up in early trade
Advertisements Morning session positive as regional markets do well. The first trading session of the week on Vietnam’s stock market opened amid positive signs from regional markets. The Shanghai Composite Index and Hangsheng Index rose sharply, while the Kospi and Nikkei225 rebounded to their reference level after a sharp fall early on, which gave domestic investorsContinue reading “October 22: Indexes up in early trade”
Stocks could fall 40% to 50% to reach fair value, with recession in first half of 2019: Morgan Creek Capital
Advertisements Investors should brace themselves for a significant stock market correction, as well as a recession in the first half of next year, investor Mark Yusko warned on Thursday. In fact, he says, fair value for equities would be down about 40 percent to 50 percent. However, that doesn’t necessarily mean the stock market willContinue reading “Stocks could fall 40% to 50% to reach fair value, with recession in first half of 2019: Morgan Creek Capital”
Malaysia’s RHB Bank bags approval to buy Vietnam Securities Corp
Advertisements Malaysia’s RHB Bank Bhd has secured the approval of the State Securities Commission of Vietnam (Vietnam SSC) for its proposed acquisition of the remaining 51 per cent stake in Vietnam Securities Corporation (VNSEC) for VND121.63 million ($5.37 million) in cash. In a filing to Bursa Malaysia on Monday, RHB said the approval was grantedContinue reading “Malaysia’s RHB Bank bags approval to buy Vietnam Securities Corp”
Vietnam targets 6.6-6.8 pct GDP growth in 2019
Advertisements Vietnam is targeting economic growth of between 6.6 percent and 6.8 percent in 2019, Prime Minister Nguyen Xuan Phuc said on Monday. In a speech to the National Assembly, Phuc said foreign direct investment inflows into Vietnam this year will likely reach a record $18 billion. He also said the Southeast Asian country willContinue reading “Vietnam targets 6.6-6.8 pct GDP growth in 2019”
Buying a new car is ‘the single worst financial decision’
Advertisements A brand new car looks and smells good — but it’s never worth the price, says self-made millionaire and bestselling author David Bach. “Nothing you will do in your lifetime, realistically, will waste more money than buying a new car,” he tells CNBC Make It. “It’s the single worst financial decision millennials will everContinue reading “Buying a new car is ‘the single worst financial decision’”
VDSC’s Weekly Market Recap: Netland, DRC, IT outsourcing trends, CHP, HAH
Advertisements Though we were expecting a good week for Vietnamese equities, after last Friday’s bounce back, things turned ugly on the back of negative news from US stock markets and headwinds in Asia. The VNIndex closed the week at 958.36 pts, down 1.2% WoW. Similarly, the HNXIndex dropped 1.5% to 108.1 pts. Both indices areContinue reading “VDSC’s Weekly Market Recap: Netland, DRC, IT outsourcing trends, CHP, HAH”
VN is the most globalised populous economy
Advertisements Việt Nam’s trade as a percentage of gross domestic product (GDP) reached over 200 per cent in 2017, the highest level for any country with over 50 million people in the World Bank’s data set, which goes back to 1960. The information was revealed in a report by the World Economic Forum. Of the world’sContinue reading “VN is the most globalised populous economy”
Stop building condotels, says real estate association
Advertisements No more condotels should be built in Vietnam and the focus should instead be on developing existing ones, says Vietnam Realtor. In a report on the market in the third quarter, the association of real estate agents said the supply of condotels exceeds demand, echoing previous warnings of oversupply by many experts and marketContinue reading “Stop building condotels, says real estate association”
Will flow of FDI capital lead to a real estate bubble?
Advertisements FDI capital flow to the real estate sector soared to $5.5 billion in the first half of 2018. Real estate is one of the favorite investment fields of foreign investors. In 2017, FDI capital into the sector reached a 7-year high with $3 billion worth of committed capital. However, the record has been broken.Continue reading “Will flow of FDI capital lead to a real estate bubble?”