Advertisements Standard Chartered Bank continues to expect Vietnam’s robust GDP growth of 7 per cent in 2018, driven by strong FDI-supported electronics manufacturing and rising consumption. Manufacturing and agriculture are likely to remain the primary growth drivers in the second half of the year. The forecast is highlighted in the bank’s recently published Global ResearchContinue reading “Vietnam fastest growing ASEAN economy: SCB”
Category Archives: Finance
Bordier Partners in Vietnam
Advertisements Swiss private bank Bordier in Singapore will develop a new private banking service for the Vietnamese market with a partner in Hanoi. Hanoi-based Military Commercial Joint Stock Bank (MB) and Swiss private bank Bordier Singapore (Bordier) have signed an agreement for a collaboration in wealth management, the two firms said in a media releaseContinue reading “Bordier Partners in Vietnam”
Foreign investors snap up prime office space in downtown Saigon
Advertisements Foreign investors currently own majority stakes in about 50 percent of high-end office buildings in downtown Saigon. A newly-released Savills Vietnam report said investors from Singapore, Hong Kong, Japan, South Korea, Germany and Slovakia own stakes in nine Grade A office complexes in prime Saigon locations. Asian investors hold a bigger market share than thatContinue reading “Foreign investors snap up prime office space in downtown Saigon”
Transfer pricing: cars sold in Vietnam three times more expensive than in the US
Advertisements Transfer pricing has always been a heady problem for the Vietnamese government and ministries since the country began attracting FDI (foreign direct investment). At the 2018 WEF, Deputy PM Vuong Dinh Hue called on international auditing firms to give advice on how to prevent and deal with transfer pricing conducted by foreign invested enterprisesContinue reading “Transfer pricing: cars sold in Vietnam three times more expensive than in the US”
Vietnam keeps on tightening monetary policy
Advertisements The State Bank of Vietnam, the central bank, wants to keep inflation below 4 percent this year, while also ensuring the exchange rate is stable. Local daily newspaper Vietnam News on Monday quoted Ho Chi Minh City Securities Corporation as reporting that, central bank will likely continue its tightened monetary policy in the fourthContinue reading “Vietnam keeps on tightening monetary policy”
VDSC Weekly Market Recap: Webinar Invitation, Strategy Report, VJC, MWG, VNM, CTG, PAC, PVB
Advertisements Vietnam’s markets got off to a solid start following the announcement that the Trump administration had finalised negotiations with Canada and that there would be a revised North American Free Trade Agreement. Investors were positive on the news as it seemed to indicate that the US is willing to make deals, and therefore thereContinue reading “VDSC Weekly Market Recap: Webinar Invitation, Strategy Report, VJC, MWG, VNM, CTG, PAC, PVB”
Tightening monetary policy: strong message from central bank
Advertisements The State Bank of Vietnam (SBV) has requested commercial banks to control disbursement in risky business fields such as real estate, consumer credit and securities investments. The move, in the eyes of analysts, continues to tighten lending in the last months of the year. Monetary policy won’t affect GDP The GDP grew by 6.98Continue reading “Tightening monetary policy: strong message from central bank”
Standard Chartered: Vietnam remains among fastest-growing ASEAN economies
Advertisements Bank positive on growth medium term on strong manufacturing activity and electronics FDI, according to latest research publication. Standard Chartered Bank forecasts robust GDP growth for Vietnam of 7 per cent in 2018 and 6.9 per cent next year, driven by strong FDI-supported electronics manufacturing and rising consumption with manufacturing and agriculture likely toContinue reading “Standard Chartered: Vietnam remains among fastest-growing ASEAN economies”
HCMC office rents soar to five-year high
Advertisements High-rise buildings in downtown HCMC have seen monthly rents rocket to $70 per square meter, the highest in five years. A report on the Ho Chi Minh City office market in the third quarter of 2018 said the main reason for rising prices is that office supply is not able to meet current demand.Continue reading “HCMC office rents soar to five-year high”
Bill Gates: We will have another financial crisis like the one in 2008—it’s a ‘certainty
Advertisements The 2008 financial crisis led to the Great Recession and millions of jobs lost. It took years for America to recover and many citizens still feel the ripple effects. According to Microsoft co-founder Bill Gates, though, we should be braced for another one. During a Reddit “Ask Me Anything” last week, when Gates wasContinue reading “Bill Gates: We will have another financial crisis like the one in 2008—it’s a ‘certainty”
Traders Fair & Gala Night, Vietnam – The world of finance in one fantastic show!
Advertisements When: November 24, 2018 Where: Windsor Plaza Hotel, Saigon (18 An Duong Vuong Street, District 5, Ho Chi Minh City, Vietnam) Website: https://vietnam.tradersfair.com Traders Fair & Gala night, Vietnam is attracting the world of traders to one place during one day. The leaders of the industry are going to come together in one placeContinue reading “Traders Fair & Gala Night, Vietnam – The world of finance in one fantastic show!”
World Bank ups Vietnam’s growth forecast to 6.8 pct
Advertisements The World Bank has upped its 2018 growth forecast for Vietnam to 6.8 percent, but warned of trade war fallout. The latest forecast is an increase of 0.3 percentage points from the one it made in April. According to the World Bank’s East Asia and Pacific Economic Update October 2018 released Thursday, 2018 growthContinue reading “World Bank ups Vietnam’s growth forecast to 6.8 pct”
October 4: VN-Index up 0.32%
Advertisements All indexes finish in positive territory. There were positive signs all around on Vietnam’s stock market on October 4. On HSX, the VN-Index closed at 1,023.62 points, up 3.22 points (0.32 per cent), while the VN30-Index closed at 993.61 points, up 3.01 points (0.30 per cent). On HNX, the HNX-Index finished at 116.27 points,Continue reading “October 4: VN-Index up 0.32%”
Traders Fair & Gala night, Vietnam
Advertisements Stocks, Forex, cryptocurrency, futures&options – Fantastic show like nowhere! When – November 24, 2018 Where – Ho Chi Minh, Vietnam (Windsor Plaza Hotel, Saigon) https://vietnam.tradersfair.com Traders Fair & Gala night – financial event for traders and investors, which is going to take place in Vietnam on the 24th of November 2018 (Windsor Plaza Hotel,Continue reading “Traders Fair & Gala night, Vietnam”
VIB issues 2,800 non-convertible bonds
Advertisements Three-year bonds in denominations of VND1 billion issued on September 27. The Vietnam International Commercial Joint Stock Bank (VIB) has announced the result of Phase 1 of its bond issuance in 2018. It issued 2,800 non-convertible bonds on September 27, secured by assets and not accompanied by warrant. The bonds have a term ofContinue reading “VIB issues 2,800 non-convertible bonds”