Advertisements The country’s real estate market in 2018 will maintain mid-term stability, while merger and acquisition in the sector will continue to see strong development. This was revealed in the Top 10 Reputable Property Developers, Building Material Companies and Contractors 2018, which was announced by Việt Nam Report and online newspaper VietnamNet on Tuesday. TheContinue reading “Property market expected to be stable in 2018”
Category Archives: Finance
Foreign banks’ withdrawal no cause for concern: experts
Advertisements The trend of foreign financial institutions withdrawing capital from their Vietnamese joint ventures has raised questions about the country’s state of financial stability, but experts claim the situation is no cause for alarm. Since early to mid 2017, well known international institutions such as France’s BNP Paribas, Hong Kong’s HSBC and Australia’s Commonwealth BankContinue reading “Foreign banks’ withdrawal no cause for concern: experts”
Lotte Card wholly acquires Techcom Finance
Advertisements After receiving the approval from the Vietnamese government, Lotte Card yesterday signed a purchase contract to acquire 100 per cent of Techcom Finance from Techcombank to become the first South Korean credit card company to enter the Vietnamese finance market, according to newswire Vneconomy. The deal’s value has yet to be disclosed, however, previously, SouthContinue reading “Lotte Card wholly acquires Techcom Finance”
US dollar losing charm as investment haven in Vietnam
Advertisements Short-term trading in U.S. dollars has increasingly become less lucrative in Vietnam as the VND-USD exchange rate has been kept stable by the State Bank of Vietnam, which also maintains a zero interest rate for savings in the greenback. Many Vietnamese would stockpile U.S. dollars for savings instead of the local currency, hoping toContinue reading “US dollar losing charm as investment haven in Vietnam”
VN-Index expected to continue struggling
Advertisements Việt Nam’s benchmark VN-Index is forecast to struggle due to uncertain market sentiment this week, with eyes on the two exchange-traded funds (ETFs) set to finish reviewing their portfolios on March 16. The benchmark index may struggle to surpass its short-term peak of 1,130 points, which has remained the intraday trading high for theContinue reading “VN-Index expected to continue struggling”
Warburg Pincus to invest $370 million in Techcombank, marks Vietnam’s biggest PE deal
Advertisements Warburg Pincus said it had agreed to invest more than $370 million in Vietnam Technological and Commercial Joint Stock Bank (Techcombank), in what it said was the largest ever private equity investment to date in the Southeast Asian nation. Share listings and equity offerings are booming in Vietnam as the country speeds up itsContinue reading “Warburg Pincus to invest $370 million in Techcombank, marks Vietnam’s biggest PE deal”
This Week on the Frontiers, March 10th 2018
Advertisements Vietnam’s steel sector looks likely to suffer under the tariffs US president Donald Trump launched this week. The ultimate impact of the tariff regime is still unclear, particularly as the US already moved late last year to impose tariffs on steel products from Vietnam after an investigation into whether Chinese steel companies were shippingContinue reading “This Week on the Frontiers, March 10th 2018”
Building a consistent communication message for internal and external brands
Advertisements For most of financial institutions in Vietnam, there always a problem, that is the message to customers, employees and employers, investors may not say the same voice. The consumer brand designed to attract and retain customers. Then there’s the internal brand to engage employees, and the employer brand that human resource crafts to attractContinue reading “Building a consistent communication message for internal and external brands”
European enterprises in Vietnam look to expand investment
Advertisements The information was released at a press conference held on March 8 by the European Chamber of Commerce in Vietnam (Eurocham) to announce the results of the Business Climate Index (BCI) survey for the fourth quarter of 2017 and the action plan for 2018. According to EuroCham Vietnam’s Deputy Director Joaquim Torrinha, more thanContinue reading “European enterprises in Vietnam look to expand investment”
Setting standards for mid-end apartments
Advertisements 2017 witnessed an upward trend in the mid-end residential segment, which is forecasted to continue to grow in 2018. According to the Ho Chi Minh City Department of Construction, a total of 37,502 apartments were rolled out in Vietnam’s business hub in 2017, of which the mid-end and affordable segments contributed 74.6 per cent.Continue reading “Setting standards for mid-end apartments”
Transaction is as easy as sending an emoji: a Happiness Saigon & VIB project
Advertisements The demand for online transaction is rising with the popularity of e-commerce. VIB introduces MyVIB-Social Keyboard: a app specially designed for easy and safe online money transfer via text messages. Social Keyboard – a breakthrough in the future of online transaction. As life is getting busier and schedules are getting tighter, online money transferContinue reading “Transaction is as easy as sending an emoji: a Happiness Saigon & VIB project”
Bitcoin Price ‘More Likely To Hit $100’ Without Illicit Uses, Says Harvard Economist
Advertisements A Harvard economist told CNBC Tuesday, March 6 that Bitcoin is “more likely to be worth $100 than $100,000” by 2028. Speaking to reporters during an edition of the network’s Squawk Box segment, professor and economist Kenneth Rogoff implied Bitcoin only had value because of its use in “money laundering and tax evasion.” “IContinue reading “Bitcoin Price ‘More Likely To Hit $100’ Without Illicit Uses, Says Harvard Economist”
Waves of objections against Vietcombank’s service fee rise
Advertisements In early March, Vietcombank officially announced adjusting its service fee, especially fees for online bank transactions. With over 10 million individual clients, Commercial Bank for Foreign Trade of Vietnam (Vietcombank) ran into great objections from the public, who grouped up on social networking sites like Facebook and online forums to protest the bank’s latestContinue reading “Waves of objections against Vietcombank’s service fee rise”
Announcement: Moody’s: Vietnam banks’ 2017 results show widening divergence in asset quality and profitability performance
Advertisements Singapore, March 06, 2018 — Moody’s Investors Service says that the full-year 2017 results for the 14 Vietnamese banks that Moody’s rates show that asset quality improved moderately year-over-year. Profitability also improved, driven by robust macroeconomic conditions and growth in core income. By contrast, capitalization deteriorated because of rapid asset growth and cash dividends.Continue reading “Announcement: Moody’s: Vietnam banks’ 2017 results show widening divergence in asset quality and profitability performance”
Deputy PM hosts Sumitomo Mitsui Bank’s senior official
Advertisements Deputy Prime Minister Vuong Dinh Hue received in Hanoi on March 5 Shosuke Mori, head of the Sumitomo Mitsui Banking Corporation (SMBC)’s Asia Pacific Division, describing the bank as an effective credit channel and a gateway for foreign investors, including those from Japan, to enter Vietnam. The SMBC, one of the largest and oldestContinue reading “Deputy PM hosts Sumitomo Mitsui Bank’s senior official”