Advertisements Investors, impressed by banks’ high profits, have been rushing to buy bank shares, pushing prices up. In 2017 Vietnam commercial banks reported huge profits of trillions of dong. As expected, with advantage in huge assets, three state-owned banks were the most profitable banks in 2017. Of these, Vietcombank was the most profitable with pre-taxContinue reading “Banks report huge profits, bank shares’ golden days return”
Category Archives: Finance
HCM City real estate: eastern, western parts of city are ‘hot spots’
Advertisements The eastern part of the city will still be hot in 2018, while infrastructure works in the western part will attract house and apartment buyers, analysts say. Jones Lang Lasalle (JLL), which successfully arranged a deal between Hong Kong Land and CII, says that 2017 was an eventful year with many M&A deals inContinue reading “HCM City real estate: eastern, western parts of city are ‘hot spots’”
Vietnam looking to drive SOE stake sales forward in 2018
Advertisements The assets the government plans to sell will include leading companies in energy, power and petroleum. Vietnam’s push to privatize state-owned enterprises (SOEs) is expected to move up a gear this year. The government plans to sell 6.5 times more shares than it offered last year, Deputy Prime Minister Vuong Dinh Hue said inContinue reading “Vietnam looking to drive SOE stake sales forward in 2018”
Deputy PM hosts Eximbank’s strategic investor
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 Eximbank’s strategic investor”
VN Index remains positive
Advertisements Viet Nam’s benchmark VN Index advanced on Monday morning, boosted by the top 10 largest-cap stocks. The VN Index edged 0.37 per cent to close at 1,125.37 points. It had gained nearly 0.5 per cent on Friday. More than 144.5 million shares, worth VND5 trillion (US$225 million), were traded on the southern bourse. TheContinue reading “VN Index remains positive”
Techcombank targets at least $162m from treasury share sale to foreign investors
Advertisements The Vietnam Technological and Commercial Joint Stock Bank (Techcombank) plans to list its shares on Ho Chi Minh City Stock Exchange (HoSE) this year and sell over 158 million treasury shares to foreign investors, its Chairman Ho Hung Anh said at the firm’s annual shareholders’ meeting on March 3. The bank plans to sellContinue reading “Techcombank targets at least $162m from treasury share sale to foreign investors”
Vietcombank sells Vietnam Airlines shares
Advertisements Vietcombank (VCB), Vietnam’s largest lender by market value, has earned VND334 billion ($14.6 million) by offloading 7.6 million shares of Vietnam Airlines (HVN). The bank currently still holds more than 14.8 million shares of Vietnam Airlines, equivalent to 1.21 per cent of the carrier’s charter capital. Vietcombank earlier purchased 22.4 million HVN shares inContinue reading “Vietcombank sells Vietnam Airlines shares”
Vietnam Snatches Back Asia’s Equity Crown as Foreigners Buy
Advertisements Just a few short weeks after a selloff in global equities knocked Vietnam out of its spot as Asia’s best-performing market this year, the nation has regained the crown. And this is just the beginning. The gains may extend, helping the VN Index surpass its March 2007 peak, as the gauge is forecast to reachContinue reading “Vietnam Snatches Back Asia’s Equity Crown as Foreigners Buy”
Industrial property: Stronger ties between local and foreign corporations
Advertisements 2017 has been another remarkable year in the manufacturing and industrial sector and 2018 will continue to see high demand for industrial and logistics properties with strong investments from operators, occupiers, and owners. Cushman & Wakefield has advised on a record number of transactions for our firm this year, from land and building acquisitionContinue reading “Industrial property: Stronger ties between local and foreign corporations”
VN-Index regains top performing spot in Asia thanks to foreign investors
Advertisements Vietnam’s growth forecast is strong enough to have foreign investors paying premiums to buy into the market. Just a few short weeks after a global equity selloff caused Vietnam to lose its crown as Asia’s best-performing market so far this year, the country is back on top. These gains may extend, helping the VN-IndexContinue reading “VN-Index regains top performing spot in Asia thanks to foreign investors”
Resort property awakens to competition
Advertisements Sleeping through the hard winter years, the princess of the real estate sector the resort property segment is now awake, for the joy of keen developers and investors. However, the princess is not the sole bachelorette anymore: she is now in a contest with other beauties. The issues In line with the objectives ofContinue reading “Resort property awakens to competition”
Why foreign banks are turning tail and pulling out of Vietnam
Advertisements Foreign banks concerned about poor risk management or faced with fierce competition in Vietnam have been withdrawing their investments. The most recent case was Standard Chartered Bank, which sold its entire 8.75 percent stake in Vietnam’s publicly listed Asia Commercial Bank (ACB) in January after a 12-year partnership. Standard Chartered had previously withdrawn itsContinue reading “Why foreign banks are turning tail and pulling out of Vietnam”
Australia-VN investment to continue growing
Advertisements GBS – The first milestone in the relationship between Australia and Việt Nam came with the actual establishment of diplomatic relations by Prime Minister Gough Whitlam’s Labour government on February 26, 1973, in the context of a greater Australian role in the region. Education was regarded as vital to Việt Nam becoming incorporated intoContinue reading “Australia-VN investment to continue growing”
Stocks set to break its all-time record
Advertisements Vietnamese stocks are expected to rise further with the benchmark VN-Index forecast to surpass its all-time peak of 1,170 in 2007 on rising investor confidence in the market outlook, analysts say. The benchmark VN-Index gained 2.49 per cent to close at 1,102.85 points on Friday, after dropping 1.02 per cent to finish at 1,076.03Continue reading “Stocks set to break its all-time record”
Learning Automated Crypto Trading Strategy: 4 Steps to Earning
Advertisements In February, Cryptense, a full-stack Blockchain company, introduced a new decentralized platform for creating and executing cryptocurrency trading strategies automatically: Kryll.io. The company has also came up with an explainer on how you can earn big using its solution. Drag ‘n’ drop strategy blocks The first step to earning online with Kryll platform isContinue reading “Learning Automated Crypto Trading Strategy: 4 Steps to Earning”