Advertisements Many containers stuck at Cat Lai Port Many violations have been found in scrap import activities as a huge amount of scrap are being abandoned at local ports, threatening the environment. According to the Customs Risk Management Department, from January 1, 2017, to March 12, 2018, 928 firms imported scrap and submitted 49,200 declarations.Continue reading “Imported waste floods Vietnamese ports”
Category Archives: Finance
Techcombank earns over $370m from treasury share sale
Advertisements Techcombank raised $922 million via an IPO last month, has announced that it has completed the sale of 64.4 million treasury shares to investors, equivalent to 5.58 per cent of charter capital. Vietnam Technological and Commercial Joint Stock Bank (Techcombank) told local media that the second treasury share sale was conducted between April 27Continue reading “Techcombank earns over $370m from treasury share sale”
Fintechs, with technology and big data, jump into consumer lending market
Advertisements Commercial banks are becoming digitalized, while fintechs, with great advantages in technology, have joined the consumer lending market. Nguyen Thanh Lam, 28, from Phu Nhuan district in HCMC, plans to buy a scooter worth VND30 million. With monthly income of VND8 million from mobile phone repair, Lam can save VND1-2 million a month andContinue reading “Fintechs, with technology and big data, jump into consumer lending market”
New Crypto Exchanges Open in Korea, Thailand, Vietnam, and the Philippines
Advertisements The number of new cryptocurrency exchanges is rapidly growing worldwide. This new crypto exchange roundup features four platforms located in South Korea, Thailand, Vietnam and the Philippines. South Korea’s Coinbit South Korean game developer Axia Soft Co. Ltd. has recently launched a crypto exchange called Coinbit. For its grand opening, the exchange is offeringContinue reading “New Crypto Exchanges Open in Korea, Thailand, Vietnam, and the Philippines”
Vietnam Digest: SCIC targets selloff in 134 firms; Flag carrier to move listing to HoSE
Advertisements The State Capital Investment Corporation (SCIC) will offload stakes in 134 enterprises in 2018-2020 while national flag carrier Vietnam Airlines will move its listing from Unlisted Public Company Market (UPCoM) to Ho Chi Minh City Stock Exchange (HoSE). Deal Street Asia reported, SCIC will offload stakes in 134 public enterprises in 2018-2020 The StateContinue reading “Vietnam Digest: SCIC targets selloff in 134 firms; Flag carrier to move listing to HoSE”
SE Asian stocks rise in line with broader Asia; Vietnam Index gains 1.6%
Advertisements Southeast Asian stock markets closed higher on Friday, in line with broader Asia, as investor risk appetite got a boost after softer US inflation data soothed worries of faster rate hikes by the Federal Reserve. According to Reuters report, the US consumer prices rose less than expected in April, suggesting that inflation was increasingContinue reading “SE Asian stocks rise in line with broader Asia; Vietnam Index gains 1.6%”
UOB, first Singaporean bank to debut in Vietnam
Singapore-based United Overseas Bank (UOB) will open its first branch in Vietnam on July 2. It is the ninth wholly foreign-owned bank and first Singaporean bank in the country.
Most SE Asian stocks fall; Vietnam extends fall to third day
Advertisements Most Southeast Asian stock markets fell on Thursday, with Vietnam sliding 2.7% weighed down by lenders, while Philippines shares ended marginally higher after data showed first-quarter economic growth was in line with expectations. Reuters reports, the Philippines economy grew 6.8% in the first quarter, matching expectations and supporting optimism the government is on trackContinue reading “Most SE Asian stocks fall; Vietnam extends fall to third day”
Agribank to increase service fees after account hacking
Advertisements After 12 accounts have been compromised and withdrawn money from in late April, Agribank has just announced to increase service fees, aiming to upgrade its banking system, especially at ATM machines. Security remains a primary concern at Agribank, especially after 12 accounts were hacked to withdraw money at late night on April 25, causingContinue reading “Agribank to increase service fees after account hacking”
Gaining the customer’s trust by actions
Advertisements In Vietnam, banking deposit has been considered as a safe investment with good profitability. However, many claims made by depositors about disappearing deposit balance concern customers. Still go with bank To people, bank deposit is still a good investment providing them with annual interest income and it’s nice to have some extra income forContinue reading “Gaining the customer’s trust by actions”
Bank bosses leave ‘hot seats’ because of new state regulation
Advertisements Big changes in key personnel have been among the hottest issues discussed at banks’ shareholders’ meetings this year. Vu Van Tien has resigned from his post as chair of AB Bank as confirmed at the bank’s 2018 shareholders’ meeting held on April 25. Tien is also the chair and CEO of Geleximco, chair ofContinue reading “Bank bosses leave ‘hot seats’ because of new state regulation”
Vietnam stock valuations seen as pricey after IPO binge
Advertisements Vietnam has just celebrated its two biggest IPOs and its first-ever ranking as Southeast Asia’s hottest capital market. But its benchmark index has also just suffered its worst monthly fall in seven years, prompting fund managers and strategists to warn valuations may have peaked. The small frontier market, whose main index has a marketContinue reading “Vietnam stock valuations seen as pricey after IPO binge”
VIB named “the most innovative banking brand” in Vietnam 2018
Advertisements Vietnam International Bank (VIB) has just been honored as the “Most Innovative Banking Brand” in Vietnam for the year 2018 by Global Brands Magazine. After analyzing VIB’s brand strategy and communication activities, the representative of Global Brands Magazine said that VIB, in 2017 and 2018, kept creating innovative approaches, helping the bank be completelyContinue reading “VIB named “the most innovative banking brand” in Vietnam 2018″
Extending mandate of tax authorities may halt tax evasion?
Advertisements Handing over the right of prosecution and investigation to the tax authorities is expected to hinder tax evasion as well as delayed tax payments by enterprises, especially multinational firms in Vietnam. Authorities powerless in face of tax evasion by foreign firms In reality, despite the fact that foreign firms are acquiring massive annual revenueContinue reading “Extending mandate of tax authorities may halt tax evasion?”
Vietnamese stocks trade with uncertainty amidst investor pessimism
Advertisements Vietnamese shares were volatile on Tuesday morning as investors remained doubtful of the market’s short-term prospects. The benchmark VN Index on HCM Stock Exchange was up by 0.30 per cent to close at 1,065.45 points. It had jumped by 3.4 per cent on Monday. The HNX Index on Ha Noi Stock Exchange fell byContinue reading “Vietnamese stocks trade with uncertainty amidst investor pessimism”