Advertisements In 2017, Vietnam saw soaring foreign investment capital inflows totalling at $35.6 billion, up 44.2 per cent compared to 2016. Phan Huu Thang, former director of the Ministry of Planning and Investment’s Foreign Investment Agency, told VIR about the spotlight review of 2017 as well as the motivation and recommended the strategies in attractingContinue reading “Vietnam’s brighter FDI attraction prospects for 2018”
Category Archives: Finance
It’s Too Late To Buy Bitcoin, Says 2008 Housing Bubble Predictor
Advertisements American businessman and investor Peter Schiff believes investors buying Bitcoin at current prices could lose everything. It’s been an interesting, and for some frightening, past few days for Bitcoin. Last week, the price of the cryptocurrency reacted favorably to the launch of Bitcoin futures on the CBOE. Exactly one week later, CME launched tradingContinue reading “It’s Too Late To Buy Bitcoin, Says 2008 Housing Bubble Predictor”
Bitcoin forecast to fall in next five years
Advertisements HANOI – The price of Bitcoin has surged 20 times over the past year to US$17,000 and is forecast to decrease in the next five years, even to zero. Both Nguyen Viet Bach and Dominik Weil from Bitcoin Vietnam Co Ltd agreed the price of the crypto-currency might soar to US$50,000-100,000 in the comingContinue reading “Bitcoin forecast to fall in next five years”
Property M&A trend higher in 2017
Advertisements Both in terms of quantity and quality, 2017 has shaped up to be a landmark year for mergers and acquisitions in the property sector. According to Phan Xuan Can, director of SohoVietnam, a mergers-and-acquisition (M&A) broker for many large-scale projects, Vietnam’s real estate market is attracting M&A notice from developers, investors, and brokers alike.Continue reading “Property M&A trend higher in 2017”
Non-cash payment programs encounter barriers
Advertisements The smartphone-based payment service market in Vietnam has become busy in the last six months, but Vietnam is still far from its ‘non-cash payment’ target. The country had great opportunities to develop mobile payment services as the Vietnamese retail market, with high growth rates, is among the top 3 in Asia. According to GSOContinue reading “Non-cash payment programs encounter barriers”
Top 10 Retail Banking Trends and Predictions for 2018
Advertisements Financial institutions struggle with complex regulations, legacy systems, new technologies and competitors, and an increasingly demanding customer base. Insights from a crowdsourced panel of 100 financial services influencers, industry analysts and banking providers combined with the results from a global research study helps identify future trends and strategies for long-term growth. For the seventhContinue reading “Top 10 Retail Banking Trends and Predictions for 2018”
Thai Beverage unit wins auction to buy 54 percent stake in Sabeco
Advertisements HO CHI MINH CITY (Reuters) – A unit of Thai Beverage (SI:TBEV) won the auction to buy a $5 billion or 54 percent stake in top brewer Sabeco (HM:SAB) in the country’s biggest ever privatization process, an official from the Ho Chi Minh City Stock Exchange said on Monday. The anticipated sale of theContinue reading “Thai Beverage unit wins auction to buy 54 percent stake in Sabeco”
Banks in Vietnam will accept deposits by foreigners
Advertisements Foreigners may be allowed to make savings deposits at local banks, according to a draft circular recently released by the State Bank of Vietnam (SBV) Non-residents with presence in Vietnam may be allowed to make termed savings deposits in both Vietnam dong and foreign currency at local banks. To make it clearer, the draftContinue reading “Banks in Vietnam will accept deposits by foreigners”
The ‘bitcoin rush’
Advertisements People are rushing to buy bitcoin mining machines. Bitcoin ATMs can be found at some cafes in HCMC. Numerous calls for investments in bitcoin have appeared on the internet. And some travel firms accept payments in bitcoin. When reporters visited bitcoin mining machines on Nguyen Phuc Chu street in Tan Binh district, HCMC, theyContinue reading “The ‘bitcoin rush’”
Amazon eyes Vietnam market
Advertisements E-commerce giant Amazon is proceeding with its ambitious business plan in Việt Nam, following Alibaba’s footsteps, said Nguyễn Thanh Hưng, chairman of the Việt Nam E-commerce Association (VECOM). According to a source from VECOM, during a meeting between VECOM and representatives of the Amazon Group held last week, the firm’s spokesperson revealed that theyContinue reading “Amazon eyes Vietnam market”
Monthly salaries in Vietnam rise fastest in Southeast Asia: survey
Advertisements The growth is expected to continue as recruitment demand rises. Salaries in Vietnam are rising faster than in any other Southeast Asian country, according to a recent survey released by employment website Jobstreet.com. The average annual growth rate of Vietnam’s payroll stands at 20-24 percent, compared to 14-20 percent in Thailand, the Philippines, Indonesia,Continue reading “Monthly salaries in Vietnam rise fastest in Southeast Asia: survey”
Saigon Beer Draws Thai Bidder — WSJ
Advertisements SINGAPORE — One of Thailand’s richest tycoons is looking to buy a quarter of Vietnam’s largest beer maker in a deal worth at least $2.25 billion, making his company the sole bidder wanting to buy a substantial stake. If successful, it would be one of the largest foreign investments in the Asian frontier marketContinue reading “Saigon Beer Draws Thai Bidder — WSJ”
World Bank raises Vietnam’s growth forecast for 2017
Advertisements Stronger domestic demand and robust export-oriented manufacturing are driving Vietnam’s economy. The World Bank (WB) has increased its growth forecast for Vietnam this year from the 6.3 percent it projected in October to 6.7 percent, matching the government’s annual target following steady progress during the first nine months. Stronger domestic demand, robust export-oriented manufacturingContinue reading “World Bank raises Vietnam’s growth forecast for 2017”
Vietnam plans to raise over $570 million through IPOs in energy firms
Advertisements The three share sales are expected within three months, the government said. Vietnam hopes to raise a total of more than $570 million by selling stakes in an oil refinery, an oil distribution firm and a power company, the government website said on Saturday. The country has accelerated its privatization program in recent weeks,Continue reading “Vietnam plans to raise over $570 million through IPOs in energy firms”
Saigon scores high on global property growth index
Advertisements Vietnam’s economic powerhouse will be marching into the next decade with its property market on the rise. Ho Chi Minh City has been ranked third in a survey of 50 cities worldwide for property rental growth. The survey, conducted by real estate firm Savills, also ranked Vietnam’s southern metropolis fifth in terms of investmentContinue reading “Saigon scores high on global property growth index”