Advertisements ‘Bitcoin now seems like a charging train with no brakes.’ Bitcoin flirted with $17,000 on Thursday, triggering a warning the cryptocurrency was like a “train with no brakes” and prompting fresh concern about its looming launch on mainstream markets. Still under $14,000 in Asian trading hours, it smashed through $15,000 in European trading andContinue reading “Bitcoin surges above $16,000 as concerns mount”
Category Archives: Finance
Conference boosts VN-China investment, trade ties
Advertisements Businesses in Beijing and Tianjin and Hebei provinces in China want to promote investment and trade with Vietnamese partners, according to the Tianjin Foreign Economic and Trade Promotion Association. Speaking at the trade and investment promotion conference between Việt Nam and China’s Beijing, Tianjin and Hebei provinces in HCM City yesterday, Geng Wei, theContinue reading “Conference boosts VN-China investment, trade ties”
Top 10 challenges of doing business in Vietnam
Advertisements Expanding gross domestic product (GDP), modern infrastructure and a dramatic increase in foreign direct investment (FDI) are signs that Vietnam has transformed into an attractive investment destination, but there are still barriers to doing business which are best navigated with local help on board. Since 1988, there have been 13,544 foreign investment projects withContinue reading “Top 10 challenges of doing business in Vietnam”
Vietnamese equities lead Asia-Pacific price gains in November
Advertisements The Vietnam index rose more than 13 percent in November. Vietnamese shares reached decade-highs and topped Asia-Pacific with the highest price gains in November, bolstered by rising foreign interest during the month. Foreigners were net buyers of about $500 million of shares in the country’s stock market in November, the highest monthly purchases inContinue reading “Vietnamese equities lead Asia-Pacific price gains in November”
Fintech sees strong rise in Vietnam
Advertisements Foreign conglomerates have poured hundreds of millions of dollars into Vietnamese fintech firms, as more bank-fintech cooperation agreements have been signed recently. Though fintech is still in the early stage of development, it has attracted hundreds of millions of dollars from investment funds. UTC Investment from South Korea has spent VND542 billion to acquireContinue reading “Fintech sees strong rise in Vietnam”
Vietnam: High cost of Sabeco shares makes its Dec 18 sale unpredictable
Advertisements Vietnam has picked a record high price for Saigon Beer’s share sale this month – at VND320,000 ($14) apiece – which has made it one of the most unpredictable share disposals. The brewer, also known as Sabeco, will sell a 53.6 per cent stake on December 18, hoping to raise almost $5 billion forContinue reading “Vietnam: High cost of Sabeco shares makes its Dec 18 sale unpredictable”
Vietnam’s Jan-Nov FDI rises 11.9 pct y/y
Advertisements GBS – HANOI, Nov 27 (Reuters) – Vietnam received an estimated $16 billion in foreign direct investment (FDI) in the first 11 months of this year, up 11.9 percent from the same period in 2016, the government said on Monday. FDI pledges for new projects, increased capital and stake acquisitions jumped 82.8 percent fromContinue reading “Vietnam’s Jan-Nov FDI rises 11.9 pct y/y”
Conference seeks ways for Italian products to enter Vietnam
Advertisements Vietnamese consumption trend, potential customers and competitive capacity of Italian businesses were discussed at a conference held in Turin, the capital city of the Piedmont region in northwest Italy on November 24. The event provided crucial information for Italian firms who are interested in the Vietnamese market and especially those are exporting agricultural productsContinue reading “Conference seeks ways for Italian products to enter Vietnam”
SE Asia Stocks-Most climb on upbeat data; Vietnam scales fresh multi-yr peak
Advertisements Vietnam shares jumped 0.6 percent to their highest since 2008. Most Southeast Asian stock markets firmed on Thursday, with Indonesia climbing about 1 percent after a six-session losing streak and Vietnam scaling a fresh peak in nearly a decade, as upbeat U.S. and regional economic data boosted sentiment. Broader Asian equities gained after dataContinue reading “SE Asia Stocks-Most climb on upbeat data; Vietnam scales fresh multi-yr peak”
Vietnam’s HDBank IPO offers 20 pct stake to raise up to $300 mln
Advertisements Vietnam’s Ho Chi Minh City Development Joint Stock Commercial Bank (HDBank) is holding an initial public offering (IPO) to foreign investors this month for up to 20 percent of the company that could raise up to $300 million, a bank official said on Wednesday. HDBank, as the lender is commonly known, is a retailContinue reading “Vietnam’s HDBank IPO offers 20 pct stake to raise up to $300 mln”
Blue chips drive Vietnamese stock market close to 10-year high
Advertisements Most other markets in Southeast Asia were subdued ahead of rate-hike news from the US Fed. Vietnam’s stock market rose by 2.5 percent on Tuesday to a near-decade high. Dairy giant Vinamilk and brewery firm Sabeco jumped 4.7 percent and 6.6 percent respectively to record heights. Singapore stocks alo soared Tuesday on expectations thatContinue reading “Blue chips drive Vietnamese stock market close to 10-year high”
A Guide to Investing in Vietnam
Advertisements Vietnam may be familiar to the American public, thanks to a lengthy war fought in the 1960s and 1970s, but the country has only recently began to attract the attention of investors. After shifting from a highly centralized planned economy to a socialist-orientated market economy, the country has become significantly more attractive to internationalContinue reading “A Guide to Investing in Vietnam”
Vietnam approves bill letting banks be declared bankrupt
Advertisements The move came about five years after the start of a banking crisis that Vietnamese authorities still have not fully resolved. The National Assembly, Vietnam’s legislature, on Monday gave authorities the ability to declare troubled banks bankrupt, through an amendment to a law on the operation of credit organizations, the government website said. ApprovalContinue reading “Vietnam approves bill letting banks be declared bankrupt”
Vietnam approves Alibaba’s online payment platform: reports
Advertisements With more and more Chinese tourists arriving, why not encourage them to spend more? Chinese e-commerce conglomerate Alibaba has signed an agreement with the National Payment Corporation of Vietnam (NAPAS) that will allow Chinese tourists to use its online payment platform in Vietnam. The agreement with Ant Financial, Alibaba’s financial services arm, will enableContinue reading “Vietnam approves Alibaba’s online payment platform: reports”
IFC-led Commitment of $185 Million in VIB to Develop SMEs, Strengthen Housing Segment
Advertisements IFC, a member of the World Bank Group, is providing Vietnam International Commercial Joint Stock Bank (VIB) with a $185 million syndicated loan. The IFC-led financing package aims to address two key development challenges in Vietnam — the financing gap faced by micro, and small and medium enterprises (SMEs), and lack of affordable housing.Continue reading “IFC-led Commitment of $185 Million in VIB to Develop SMEs, Strengthen Housing Segment”