Advertisements During the past several decades, Vietnam has shown what the World Bank describes as a “resilient” economy, thanks to rapid GDP growth. Society-wide, overall health and education outcomes have risen in recent years and the rate of extreme poverty dropped to 3%. This year, Vietnam’s economic growth could reach 6.7%. However, there’s still plentyContinue reading “Vietnam May Soon Emerge As One Of Southeast Asia’s Blockchain Innovation Hubs”
Category Archives: Finance
Pham Nhat Vuong in top 300 of Forbes rich list
Advertisements Pham Nhat Vuong, owner of real estate conglomerate Vingroup and Vietnam’s first billionaire, has earned a place on the list of the world’s richest people as compiled by Forbes magazine. The magazine ranks him in 296th place with a net worth of US$6.1 billion. Vuong is placed behind three foreign billionaires, including Acharya BalkrishnaContinue reading “Pham Nhat Vuong in top 300 of Forbes rich list”
Vietnam police add three more Eximbank employees to probe of $10.8mn savings theft
Advertisements A total of five employees of Vietnamese lender Eximbank have been placed under investigation for their role in helping a wanted former executive steal more than US$10 million from a depositor, police said Tuesday, updating initial information that only two bankers were involved. Ho Ngoc Thuy and Nguyen Thi Thi, who both work inContinue reading “Vietnam police add three more Eximbank employees to probe of $10.8mn savings theft”
Vietnam’s Eximbank employees arrested for role in $10.8mn savings theft
Advertisements The bank clerks acted against the law after apparently being forced by their fugitive ex-leader Police escort two arrested Eximbank employees in Ho Chi Minh City on March 26, 2018. Photo: Tuoi Tre Vietnamese police on Monday arrested two employees of local lender Eximbank for their role in helping a wanted former leader steal more than US$10 millionContinue reading “Vietnam’s Eximbank employees arrested for role in $10.8mn savings theft”
Hong Leong Bank Vietnam appointed Duong Duc Hung as its new CEO
Advertisements Duong Duc Hung has been appointed as General Director of Hong Leong Bank Vietnam. Duong Duc Hung has more than 20 years of experience in financial and banking services in Vietnam and abroad. Prior to joining Hong Leong Bank Vietnam, he was a member of Management Committee – Transformation Director of Techcombank, and priorContinue reading “Hong Leong Bank Vietnam appointed Duong Duc Hung as its new CEO”
Twitter CEO Says Bitcoin Will Become World’s ‘Single Currency’ Within A Decade
Advertisements Jack Dorsey, the CEO of both Twitter and payment service Square, has said that he sees Bitcoin (BTC) as the world’s – and Internet’s – single future currency, The Times reports today, March 21. Dorsey believes that Bitcoin’s leading emergence will take “probably over ten years, but it could go faster”: “The world ultimatelyContinue reading “Twitter CEO Says Bitcoin Will Become World’s ‘Single Currency’ Within A Decade”
SE Asia Stocks-Fall sharply on U.S.-China trade war worries
Advertisements Asian shares ex-Japan dip 2.4 pct, steepest drop in 1-1/2 mths Vietnam falls from record, set for first losing session in ten Philippines falls 2 pct, headed for 5th straight losing week Singapore sheds as much as 2.1 pct Southeast Asian stock markets fell sharply on Friday as U.S. President Donald Trump unveiled aContinue reading “SE Asia Stocks-Fall sharply on U.S.-China trade war worries”
VN Index up to new record high
Advertisements Viet Nam’s benchmark VN Index beat the all-time high of 1,170 points on Thursday morning and was kept positive by good performance of energy and real-estate stocks. The VN Index on HCM Stock Exchange advanced 0.54 per cent to close at a record high of 1,175.62 points. The benchmark index had gained a total ofContinue reading “VN Index up to new record high”
South-east Asia stocks: Philippines rebounds, Vietnam hits record
Advertisements SINGAPORE, March 22 — Most South-east Asian stock markets rose today, with the Philippines bouncing back from steep losses and Vietnam scaling an all-time peak, as the US Federal Reserve’s rate outlook for 2018 was seen as less hawkish than expected. The Fed raised its interest rate on Wednesday and reiterated two more rateContinue reading “South-east Asia stocks: Philippines rebounds, Vietnam hits record”
Vietnam emerging as attractive destination for foreign property investors
Advertisements Property prices in Vietnam are among the best value in Southeast Asia. Vietnam has emerged as a favored destination among foreign firms looking to invest in property, with prices standing at among the best value in Southeast Asia. Last year, Japanese investors Nishi Nippon Railroad and Hankyu Realty hooked up with a local propertyContinue reading “Vietnam emerging as attractive destination for foreign property investors”
Experts are optimistic about the prospect of upgrading Vietnam stock market
Advertisements Vietnam will attract more foreign capital, improve its transparency and the investment environment when its market is upgraded from frontier to emerging. Dr. Can Van Luc, Chief Economist of BIDV, said that if Vietnam strives its best with good growth this year, Vietnam’s stock market will be considered to be included in the watchlistContinue reading “Experts are optimistic about the prospect of upgrading Vietnam stock market”
Most SE Asian stocks slip ahead of Fed decision; Vietnam up
Advertisements Most Southeast Asian stock markets edged lower on Monday, in line with broader Asia, as caution gripped investors ahead of the US Federal Reserve’s two-day policy meeting that starts on Tuesday. With a 25 basis point rate hike seen as a done deal, a key focus is on whether Fed policymakers forecast four rateContinue reading “Most SE Asian stocks slip ahead of Fed decision; Vietnam up”
TPBank to announce pre-listing shareholder profiles
Advertisements The Tiên Phong Joint Stock Commercial Bank (TPBank) will finalize the list of shareholders on March 21 before the bank lists its shares on HCM Stock Exchange (HOSE). From March 20, the Vietnam Securities Depository will stop receiving trading orders for TPBank shares so that the bank can complete its listing proceedings. In NovemberContinue reading “TPBank to announce pre-listing shareholder profiles”
Peer to Peer lending increasingly popular in Vietnam
Advertisements Peer to Peer, or P2P lending, became more popular over the last year with the establishment of many online lending companies. In 2012, P2P outstanding loans worldwide totalled $1.2 billion, while the figure rose to $64 billion in 2015 and is expected to reach $1 trillion by 2025. A big advantage of the P2PContinue reading “Peer to Peer lending increasingly popular in Vietnam”
Consumer credit market sees more M&A deals
Advertisements The increased presence of foreign investors in M&A deals of finance companies shows the attractiveness of the consumer credit market. Vietnam is among the countries with the highest ratios of consumption to GDP in Asia, as young people are borrowing more money to buy consumer goods. The growing tendency has caught attention from foreignContinue reading “Consumer credit market sees more M&A deals”