Advertisements Vietnamese stocks are forecast to experience volatility and adjustments in some trading sessions next week but the rising momentum will continue to be the mainstream trend in the short term, analysts said. The benchmark VN-Index on the Ho Chi Minh Stock Exchange (HOSE) increased 0.22 per cent to close at 1,039.01 points. Last weekContinue reading “Market to remain firm despite adjustments”
Category Archives: Finance
Vietnam’s beer market has potential, but not for all
Advertisements Vietnam remains one of the few beer markets in the world which is still maintaining high growth. However, not all breweries have succeeded in the market. Despite big difficulties because of new policies, a luxury tax and fierce competition, the brewing industry can obtain an annual 5 percent growth rate, according to Vietnam AssociationContinue reading “Vietnam’s beer market has potential, but not for all”
Land sales in HCM City drop
Advertisements Sales of land plots have decreased significantly in HCM City in the last 10 days in districts 2, 9 and Thu Duc, where so-called land fever had broken out over the last few months. Le Hoang Chau, chairman of the HCM City Real Estate Association, said that according to property brokers in these areas,Continue reading “Land sales in HCM City drop”
Big difficulties discourage agriculture startups
Advertisements Loss, inability to access bank loans, unreasonable policies and investors’ indifference all are putting pressure on the CEO of agriculture startups. “Just before and after Tet holiday, just within three months, we had to receive about 10 delegations of inspectors from state management agencies,” said Nguyen Khanh Trinh, CEO of a clean food supplyContinue reading “Big difficulties discourage agriculture startups”
WB & ANZ release updated economic forecasts
Advertisements Growth in Vietnam remains robust but high capacity-use rates may limit further expansion, according to the World Bank’s “Global Economic Prospects: East Asia and Pacific – The Turning of the Tide?” report released on June 5. The country is forecast to grow by 6.8 per cent this year before moderating to 6.5 per centContinue reading “WB & ANZ release updated economic forecasts”
Vietnam’s Finance Ministry Proposes Temporary Ban on Crypto Mining Hardware Imports
Advertisements Vietnam’s Ministry of Finance (MoF) has proposed a temporary blanket ban on crypto mining hardware imports, local news outlet VN Express reports today, June 5. The MoF reportedly raised the proposal on Monday, alleging that crypto mining hardware can be used to launch new digital currencies that are “very difficult to regulate.” VN ExpressContinue reading “Vietnam’s Finance Ministry Proposes Temporary Ban on Crypto Mining Hardware Imports”
High buildings good solution for Vietnam’s urban development: experts
Advertisements High-rise building is in fact a viable solution for Vietnam’s urban development, not a cause of traffic jams in big cities as widely thought, experts said at a conference in Hanoi on Tuesday. While it is a common belief in Vietnam that high-rises only make the urban landscape in big cities uglier, international expertsContinue reading “High buildings good solution for Vietnam’s urban development: experts”
VN stocks struggle to remain up
Advertisements Vietnamese shares struggled to remain positive on Wednesday morning as investors adopted a wait-and-watch approach, hoping for a correction session. The benchmark VN Index on the HCM Stock Exchange rose by 0.07 per cent to close the morning session at 1,023.50 points. The HNX Index on the Ha Noi Stock Exchange was up byContinue reading “VN stocks struggle to remain up”
MoF targets bitcoin machines
Advertisements HÀ NỘI — The Ministry of Finance (MoF) has proposed to temporarily halt the import of bitcoin mining machines to improve the management of bitcoin and cryptocurrency transactions. According to the ministry’s report to the Government on cryptocurrency management, the bitcoin mining machine has not been mentioned in the list of forbidden imported goods,Continue reading “MoF targets bitcoin machines”
Foreign investors continue to be net sellers in stock market
Advertisements Analysts have found similarity between foreign investors’ net sales in Vietnam and global capital flow trends. The total net sales by foreign investors under the order-matching mode since the beginning of February reached VND10.6 trillion, twice as much as the net purchase of VND5.3 trillion in January as reported by SSI Retail Research. TheContinue reading “Foreign investors continue to be net sellers in stock market”
Berjaya Land exits long-delayed Vietnam financial centre project
Advertisements After nearly a decade of delays in project execution, Berjaya Land Bhd (BLand) decided to call it a day. The property group is divesting its investment in a Vietnamese financial centre project at a loss. In a filing today, BLand said it is selling off the entire 32.5% of total capital contribution in BerjayaContinue reading “Berjaya Land exits long-delayed Vietnam financial centre project”
Eximbank brings in key personnel to tackle series of fraud scandals
Advertisements Within two months, Eximbank has appointed two deputy general directors after firing nine. Will this move enable Eximbank to overcome the scandals of swindling approximately VND300 billion ($13.2 million) from customers? Eximbank (Vietnam Commercial Joint Stock Export Import Bank) has just announced the appointment of Nguyen Huong Minh as deputy general director in chargeContinue reading “Eximbank brings in key personnel to tackle series of fraud scandals”
Operators and banks looking at busy times with changing phone numbers
Advertisements The shift from 11 to 10-digit numbers will force millions of users to re-register their personal information in several places. According to a report of MIC, 60 million mobile subscribers and 700 VSAT (very small aperture terminal) users will be forced to transfer their telephone numbers from 11 to 10 digits. Along with thisContinue reading “Operators and banks looking at busy times with changing phone numbers”
Vietnam’s Techcombank slides in trading debut
Advertisements Vietnamese lender Techcombank shares traded at 102,400 dong ($4.49) in their debut on Monday, down 20 percent from their reference price and the lowest trading limit for the shares allowed on their maiden day of trade. Techcombank, formally known as Vietnam Technological and Commercial Joint Stock Bank, raised $922 million in April in oneContinue reading “Vietnam’s Techcombank slides in trading debut”
Vietnam Military Bank increases its charter capital to over $951.5 million
Advertisements Accordingly, charter capital of state-controlled lender Military Bank (MB) will be raised from 18.15 trillion VND (799.56 million USD) to 21.6 trillion VND (951.5 million USD). VNA reported, the plan was adopted by shareholders and the board of directors of the bank at their meetings in March and April, respectively. The increase of charter capitalContinue reading “Vietnam Military Bank increases its charter capital to over $951.5 million”