Advertisements Blockchain technology has brought a considerable amount of opportunity to Vietnam, enabling it to grow into one of Southeast Asia’s blockchain hubs. Yet cryptocurrencies, enabled by blockchain technology like Bitcoin, are facing a massive speculative bubble that puts investments at high risk. Tran Huu Duc, director of FPT Ventures and Vietnam Innovative Startup AcceleratorContinue reading “Bitcoin and the part Vietnam can play”
Category Archives: Finance
Investing in Vietnam Property: The Ultimate Guide
Advertisements Vietnam has come a long way over the past few decades, averaging over 7% annual GDP growth throughout the 1990s. The country remains one of Asia’s more promising markets as it opens to foreign investment – and Vietnam property is arguably the best way to gain from their economic rise. One area which Vietnam hasContinue reading “Investing in Vietnam Property: The Ultimate Guide”
Intense competition awaits in 2018: real-estate experts
Advertisements Next year is likely to be a fiercely competitive one for real-estate companies in HCM City since scores of new projects are set to hit the market, analysts said. Following a successful 2017, many developers have already announced plans for next year. Nguyen Dinh Trung, general director of HungThinh Corp, said 2018 plans wereContinue reading “Intense competition awaits in 2018: real-estate experts”
Banks’ profit skyrockets due to credit growth
Advertisements Due to the recovery of the credit market throughout the year 2017, plenty of banks announced positive business performance with increased profits whilst fostering asset trading, risk management, and control over non-performing loans. In particular, for the first nine months of 2017, Asia Commercial Bank (ACB) was recorded to achieve total pre-tax profits worthContinue reading “Banks’ profit skyrockets due to credit growth”
What’s behind the strong performance of the stock market in 2017?
Advertisements The Vietnamese stock market in 2017 saw stock prices escalating, but not all investors could make money. Tuan, a 27-year-old investor, spends most of his time watching electronic boards on securities and trading floors and calling brokers. He was surprised that the CMG share price had dropped so dramatically despite the upward trend ofContinue reading “What’s behind the strong performance of the stock market in 2017?”
Is there a third investment wave in Vietnam banks?
Advertisements While some analysts note that a number of foreign banks have withdrawn capital from Vietnam banks, others see signs of a third investment wave from foreign investors. The first wave of foreign investment in the banking sector occurred in 2005-2008, when bank shares were traded at sky high prices at hundreds of thousands ofContinue reading “Is there a third investment wave in Vietnam banks?”
Association proposes housing stimulus package
Advertisements HCM City Real Estate Association has proposed the State Bank of Viet Nam should raise a stimulus package similar to its previous VND30 trillion (US$1.3 billion) preferential home loan package. The package should aim to provide preferential loans for the purchase of affordable apartments, with prices of around VND1 billion per unit. Since theContinue reading “Association proposes housing stimulus package”
Vietnam’s economy grows at fastest rate in a decade
Advertisements Full-year GDP growth was slightly above the government target of 6.7 percent and outstripped the 6.21 percent posted for 2016. Vietnam’s economy grew 6.81 percent this year — its strongest rate for a decade — thanks in part to surging exports, data showed Wednesday. Full-year GDP growth was slightly above the government target ofContinue reading “Vietnam’s economy grows at fastest rate in a decade”
Top 10 Vietnam stock market events of 2017
Advertisements The Securities Journalists Club on Wednesday announced the top 10 biggest events on Viet Nam’s stock market in 2017. 1. Inauguration of the derivatives market On August 10, Deputy Prime Minister Vuong Dinh Hue pressed the button to launch the derivatives market, marking a milestone in the development of Viet Nam’s securities market. TheContinue reading “Top 10 Vietnam stock market events of 2017”
First local bank rolls out biometric authentication logins
Advertisements The Vietnam International Bank (VIB) announced on Wednesday that customers will be able to access their accounts using two forms of biometric authentication logins: facial recognition and fingerprint identification. VIB claims to be the first Vietnamese bank to offer customers secure access to their accounts using Face ID. Earlier, in November, its strategic partnerContinue reading “First local bank rolls out biometric authentication logins”
VIB to implement Cisco Application Centric Infrastructure (ACI)
Advertisements Young Vietnamese are digitally savvy. They like to do their banking on-the-go, using their mobile phones. Young Vietnamese like to do their banking on-the-go, using their mobile phones. In 2012, Vietnam International Bank – VIB – embarked on an aggressive effort to digitalize, offering more services through online and mobile banking. However the bankContinue reading “VIB to implement Cisco Application Centric Infrastructure (ACI)”
‘Made in Vietnam’ Export Boom Defies Trump’s Trade Threats
Advertisements From mobile phones to furniture, Vietnam’s export boom shows no signs of losing steam, defying a gloomy outlook at the beginning of the year when U.S. President Donald Trump persisted with his trade threats. Furniture maker Xuan Hoa Viet Nam Co. is planning for a 20 percent increase in export orders next year byContinue reading “‘Made in Vietnam’ Export Boom Defies Trump’s Trade Threats”
Vietnam’s banking sector expects 44 pct surge in profits in 2017
Advertisements Bad debts have gone down and the real estate market is warming up. Successful bad debt cuts and the upbeat real estate market have given Vietnamese banks a good year as they expect net profits to increase 44 percent from 2016. Returns on assets (ROA) and equity (ROE) in the banking sector have both reachedContinue reading “Vietnam’s banking sector expects 44 pct surge in profits in 2017”
E-banking in Vietnam is still treading water
Advertisements E-banking, the latest trend in the Vietnamese banking system, has not completely been able to replace conventional banking customs although the majority of baby boomers (those born in 1945-1960) and generation X (1961-1980) show insignificant interest in modern banking services. A member of the Board of Directors (BOD) at a Vietnam-based commercial financial institutionContinue reading “E-banking in Vietnam is still treading water”
Is Bitcoin a game for desperadoes?
Advertisements Bitcoin, one of the most talked-about phenomena in the financial services sector, has been ceaselessly brought into the limelight due to its ambiguity regarding the face value as well as the potential legal and regulatory risks challenging Bitcoin “whales.” Over the course of 2017, the crypto-currency witnessed an escalation in price, reaching the shocking rateContinue reading “Is Bitcoin a game for desperadoes?”