Advertisements Vietnam is among the top three investment destinations in Southeast Asia for Singapore-based companies in the next two years, according to the latest HSBC study. The survey, done by the Singapore Business Federation for HSBC, asked 1036 companies about their interest in overseas expansion. Eighty-six per cent of them are SMEs, defined as thoseContinue reading “Vietnam among top 3 regional destinations for Singapore companies: HSBC study”
Category Archives: Finance
Foreign cash keeps flowing into real estate market
Advertisements Foreign investors, mostly from Asia, continue making serious investments in Vietnam’s real estate sector. Japanese Hinokiya and Vietnamese TWG are moving ahead with a plan to set up a joint venture to develop real estate projects in Vietnam after signing a cooperation agreement on June 22. According to TWG’s CEO Le Cao Minh, theContinue reading “Foreign cash keeps flowing into real estate market”
Bad debt ratio drops to 2.18% in five years
Advertisements The non-performing loan (NPL) ratio at Viet Nam’s credit institutions has dropped from 3.61 per cent in 2013 to 2.18 per cent currently, according to the Viet Nam Asset Management Company (VAMC). Deputy governor of the State Bank of Viet Nam (SBV) Nguyen Kim Anh hailed the operation of VAMC over the past five years, sayingContinue reading “Bad debt ratio drops to 2.18% in five years”
Vietnam will be able to take Singapore’s stock market crown?
Advertisements The Lion City has long been atop the regional capital markets food chain, but other nations such as Vietnam, Malaysia and Indonesia are starting to compete. Just three years ago, Vietnam was still a cipher in the global financial system. The South-east Asian nation had only ten US$1 billion (S$1.36 billion) listed companies, whileContinue reading “Vietnam will be able to take Singapore’s stock market crown?”
Foreign banks gear up to expand networks in Vietnam
Advertisements In the last two years, Vietnam saw many foreign finance institutions leaving Vietnam or scaling down their investment. But the situation is different this year. Foreign banks tend to expand their operation in Vietnam by opening more branches and transaction offices over the country. The move shows that foreign banks have big ambitions in theContinue reading “Foreign banks gear up to expand networks in Vietnam”
VDSC: Vietnam Stock Market Weekly Recap – HDB, FRT
Advertisements As the earnings season is well on its way, 21 companies of the 53 we cover have announced their Q2 business results. There is a generally positive bias on the numbers as eight companies announced better-than-expected results, ten were in-line with our forecasts, and only three has worse-than-expected results. You can find more detailsContinue reading “VDSC: Vietnam Stock Market Weekly Recap – HDB, FRT”
Transfer pricing continues to challenge taxation body
Advertisements The legal framework to fight against transfer pricing is ‘not powerful enough’, while the defining of tax arrears that enterprises have to pay is still based on negotiations with taxpayers, experts say. Thomas McClelland from Deloitte Vietnam said at a workshop on investment incentives held in Hanoi some days ago that transfer pricing isContinue reading “Transfer pricing continues to challenge taxation body”
Vietnam banks warn customers about credit card info being stolen using scam calls and emails
Advertisements Several banks in Vietnam have warned customers about credit card info being stolen using scam emails or phone calls. The warnings have been issued in light of recent reports in which customers have received emails and phone calls, supposedly from the police or even the banks themselves, asking for personal information, including credit cardContinue reading “Vietnam banks warn customers about credit card info being stolen using scam calls and emails”
Nguyen Duy Hung – Vietnam Securities Pioneer Keeps An Eye On Agriculture Opportunities
Advertisements Nguyen Duy Hung founded and runs Saigon Securities (SSI), by market share and market value the biggest brokerage firm in Vietnam. He also has used M&A to build Pan Group, a holding company tapping into Vietnam’s expanding agriculture businesses. According to a report by Nguyen Lan Anh on Forbes, in Vietnam, financial services, includingContinue reading “Nguyen Duy Hung – Vietnam Securities Pioneer Keeps An Eye On Agriculture Opportunities”
Network security a challenge to digital banking
Advertisements Vietnam is developing digital banking, but vulnerabilities in cybersecurity remain a barrier to growth. Le Manh Hung, head of the IT Department, said commercial banks have been developing modern banking services on the IT platform. As a result, the number of clients making transactions at banks has decreased significantly. A survey by IDG VietnamContinue reading “Network security a challenge to digital banking”
M&A Vietnam Forum to be held next month in HCMC
Advertisements The M&A Vietnam Forum 2018 will take place in Ho Chi Minh City (Saigon), Vietnam on August 8 to analyse and assess merger and acquisition (M&A) opportunities and trends in Vietnam in the new era. The annual event is co-organised by the Vietnam Investment Review (VIR) and AVM Vietnam Company. Speaking at a pressContinue reading “M&A Vietnam Forum to be held next month in HCMC”
Vietnam tops ASEAN in luring Japanese investment
Advertisements Vietnam has surpassed Thailand to become the top ASEAN member in attracting investment from Japanese businesses. Almost 1,800 Japanese businesses have invested in Vietnam in the first half of the year, the highest among ASEAN countries. This number accounts for 24.6 percent of total number of Japanese firms investing in ASEAN countries, said KeiichiContinue reading “Vietnam tops ASEAN in luring Japanese investment”
Vietnam’s currency suffers from US-China trade war
Advertisements The Vietnamese government will have to decide either to devalue the Vietnamese đong further against the US dollar to support exports and avoid cheaper Chinese goods to flood in the local market, or keep the dollar/đong exchange rate stable to avoid increased public debt and control inflation as the US-China trade war accelerates. AccordingContinue reading “Vietnam’s currency suffers from US-China trade war”
Shares to remain upward trend
Advertisements Vietnamese stocks are regaining momentum and are expected to remain upbeat during upcoming trading thanks to improved liquidity and cash flow, analysts said. The benchmark VN-Index on the HCM Stock Exchange (HOSE) plunged 1.12 per cent to close Friday at 933.39 points, reversing from its increase of 5.7 per cent during the previous sixContinue reading “Shares to remain upward trend”
83 percent of bad debts sold to VAMC came from Sacombank
Advertisements 83 percent of bad debts the Vietnam Asset Management Company (VAMC) bought last year at market prices came from private lender Sacombank. VAMC said it bought over VND3.14 trillion ($137 million) worth of bad debts from five credit institutions at market prices last year, surpassing the government’s target. VNExpress reported. Of the five, SacombankContinue reading “83 percent of bad debts sold to VAMC came from Sacombank”