Advertisements GBS – Speaking at the opening ceremony at the conference “Gateway to Vietnam” with theme “Capital Market – A new driver for Vietnam’s Economic Growth” held at Ho Chi Minh city on October 25, the Deputy Prime Minister Truong Hoa Binh said Vietnam has put priority on developing capital market. The conference was hostedContinue reading “Gateway to Vietnam: Opening doors for investors”
Category Archives: Finance
Vietnam Dong, among most stable in Asia this year
Advertisements The Vietnam Dong (VND) is among the most stable currencies in Asia this year, said the US-based Bloomberg News, echoed by similar views from Vietnamese economists who were confident that the stability would remain until the year end thanks to the economy’s positive signs. The currency has been kept stable, weakening about 1 percentContinue reading “Vietnam Dong, among most stable in Asia this year”
APEC Leaders’ Week Outlook
Advertisements GBS – Deputy Prime Minister and Foreign Affairs Minister Pham Binh Minh has been a prime mover of Viet Nam’s chairmanship of APEC in 2017. In an interview with the APEC Bulletin, he discussed the state of relations between APEC member economies in the fast-changing trading environment, efforts to address globalization challenges and hisContinue reading “APEC Leaders’ Week Outlook”
Vietnam leads the world with most business reforms
Advertisements Most reforms have been in the fields of power accession, tax, credit accession, international trade and business registration. Vietnam and Indonesia have implemented the most business reforms in the past 15 years with 39 each, according to the Doing Business report issued by the World Bank on Tuesday. They are followed by China andContinue reading “Vietnam leads the world with most business reforms”
Vietnamese fashion brands warned: innovate or shut down
Advertisements Many foreign fashion brands have entered the Vietnamese market, creating stiff competition in the market for local brands. Unlike other businessmen, Le Viet Thanh, CEO of K&K Fashion, doesn’t think foreign fashion brands will ‘choke Vietnamese brands to death’. “The domestic fashion market has different segments with diverse needs. So, foreign fashion brands, thoughContinue reading “Vietnamese fashion brands warned: innovate or shut down”
The outstanding bankers of 2017
Advertisements Bankers Ngo Chi Dung, Duong Cong Minh and Dang Khac Vy frequently appeared in local media in 2017. Ngo Chi Dung is a veteran banker. From 1996-2004, he was the founding shareholder of VIB Bank. Later, he became vice president of Techcombank and since 2010, has been VPBank’s chair of the board of directors.Continue reading “The outstanding bankers of 2017”
Vietnam to look for new strategy in FDI attraction
Advertisements As Vietnam is entering a new phase of development, the government focuses on new strategy in FDI attraction, with more attention to quality instead of quantity, as such, FDI enterprises should contribute more to the human resources training and technology transfer. According to the Vietnam’s Association of Foreign Invested Enterprises (VAFIE), provinces/cities with largeContinue reading “Vietnam to look for new strategy in FDI attraction”
SE Asia Stocks-Vietnam sheds nearly 1 pct; Thailand gains for 6th session
Advertisements Southeast Asian stocks were largely subdued on Tuesday after data showed China’s factory growth slowed more than expected in October, with Vietnam dropping nearly 1 percent, while Thailand gained for the sixth session on strong industrial output data. In Vietnam, real estate developer FLC Faros Constructions fell 4.6 percent after briefly touching a recordContinue reading “SE Asia Stocks-Vietnam sheds nearly 1 pct; Thailand gains for 6th session”
Samsung Electronics posts record Q3 profits of $10 bln
Advertisements The firm’s profits and share price have rocketed this year. South Korean tech giant Samsung Electronics logged a record profit of 11.2 trillion won — $10.0 billion — in the July to September period, it said Tuesday, its best for any quarter. The world’s biggest memory chip and smartphone maker has faced the jailingContinue reading “Samsung Electronics posts record Q3 profits of $10 bln”
HSBC profits up five-fold in third quarter
Advertisements ‘Our pivot to Asia is driving higher returns and lending growth, particularly in Hong Kong.’ HSBC said Monday that profits were up more than five-fold in the third quarter as its Asia business drives higher returns. Reported pre-tax profit jumped to $4.6 billion in the three months to the end of September, compared withContinue reading “HSBC profits up five-fold in third quarter”
Eight simple ideas for APEC to leave no one behind
Advertisements Poverty and extreme inequality are not destiny. They can be challenged and eliminated. Next week Asia-Pacific Economic Cooperation (APEC) leaders will meet in Vietnam’s central city of Da Nang. They face a region divided as ever between a few rich and the rest. After decades of leading the world in economic growth that benefitedContinue reading “Eight simple ideas for APEC to leave no one behind”
Grab, Uber tax inspection results announced
Advertisements Both Uber and Grab Taxi have reported losses, with Grab Taxi incurring VND938bn (USD41.3m) in losses due to too much promotion, discount programmes and subsidies to drivers. At a press conference on October 27, Dang Duy Khanh, deputy inspector of the General Department of Taxation, said Grab Taxi has earned VND1.7trn (USD74.8m) from 2014Continue reading “Grab, Uber tax inspection results announced”
Bitcoin transactions remain illegal in Vietnam
Advertisements The only payment methods allowed in the country are issued or controlled by the State Bank. Cryptocurrencies such as Bitcoin remain illegal in Vietnam, the State Bank affirmed in a statement released on Saturday. “From January 1, 2018, the act of issuing, supplying or using illegal means of payment may be subject to prosecutionContinue reading “Bitcoin transactions remain illegal in Vietnam”
VN Index dips after two-day rise
Advertisements Việt Nam’s benchmark VN Index fell slightly on Thursday as large-cap stocks traded in the negative territory on strong investor selling. The HCM Stock Exchange’s index inched down 0.07 per cent to close at 830.11 points, stepping back from a two-day increase of nearly 1.3 per cent. More than 187.4 million shares were tradedContinue reading “VN Index dips after two-day rise”
Top 500 most profitable firms announced
Advertisements The Vietnam Report Joint Stock Co. has announced the ranking of top 500 companies with the highest profit (Profit500) in 2017. According to the company’s report, the ranking is based on pre-tax profits, revenues and the indexes of return on assets, return on equity and rate of return. Other criteria include the companies’ prestigeContinue reading “Top 500 most profitable firms announced”