Business
Vietcombank receives official approval to increase capital
The partly-privatised Vietcombank on Sept. 7 received Government
approval to raise their charter capital by 33 percent to 17.59 trillion
VND (902 million USD).
Business
Business
Post-crisis opportunities, challenges highlighted
Numerous managers, economists and businesspeople gathered at a seminar
in Ho Chi Minh City on September 9 to discuss the opportunities and
challenges as well as Vietnam ’s policies and measures after the
economic crisis.
Co-hosted by the Vietnam Investment Review (VIR) and the Association of Foreign-invested Enterprises, the seminar also served as a forum for the delegates to analyse the factors affecting the flow of investment and trade.
Co-hosted by the Vietnam Investment Review (VIR) and the Association of Foreign-invested Enterprises, the seminar also served as a forum for the delegates to analyse the factors affecting the flow of investment and trade.
Securities market urged to restructure
The securities market must be restructured to become more modern and
professional if it is to continue to develop, says Minister of
Finance Vu Van Ninh.
Foreign stock investments regain head of steam
Total foreign investment in the nation's stock market has fallen to 7
billion USD in 2009 from a peak of 11-12 billion USD in 2007, but
current rates of investment represent a significant recovery from the
2008 economic crisis, State Securities Commission chairman Vu Bang told
Vietnam News.
A new State Bank of Vietnam report on foreign indirect investment showed that an estimated 1.8 billion USD worth of foreign capital was injected into securities in the first six months this year.
A new State Bank of Vietnam report on foreign indirect investment showed that an estimated 1.8 billion USD worth of foreign capital was injected into securities in the first six months this year.
Investors expect open more trading accounts
Investors expect to open more trading accounts and be allowed to buy or
sell stock the same day thanks to a draft circular on transaction
instructions which the State Securities Commission (SSC) is compiling to
submit to the Finance Ministry before being issued.
Indirect investment helps increase stock liquidity
The flow of foreign indirect investment
(FII) has helped increase the liquidity of the stock market as well as
accelerate the equitisation of State-owned businesses and the issuance
of government and corporate bonds, according to economic experts.
New rules issued on public takeovers
Public acquisition activities between
domestic listed companies is booming, forcing market regulators to
issue new rules on public takeovers.
Cement producers to finalise merger in first quarter
The merger of two listed cement
producers, Ha Tien 1 and Ha Tien 2, is expected to be finalised in the
first quarter of this year, a representative of Ha Tien 1 Co confirmed
on Feb. 23.
More foreign investors trade on Vietnam’s bourse
More foreign stock investors have
recently flocked to Vietnam, most coming from Japan, China, the
Republic of Korea and the newest ones from regional countries such as
Singapore, Thailand, and Malaysia.
Market capitalisation reaches 38 percent of GDP in 2009
Stock market capitalisation reached 620
trillion VND (33 billion USD) at the end of last year, equaling nearly
38 percent of GDP, announced State Securities Commission vice chairman
Nguyen Doan Hung at a conference in Hanoi on Jan. 22.
Brokers banned from OTC trades
Securities companies will be banned
from trading shares on the over-the-counter (OTC) market effective
January 28, under a new order from the State Securities Commission.
Stocks explode into new year
The VN-Index soared by 4.5 percent on January 4, closing the first trading of
the new year at 517.05 points, its strongest single-day performance in the past
five months.
VN-Index falls on uncertainty
Unfavourable moves in global markets
and uncertainty over the second Government stimulus package drove the
VN-Index down 3.06 percent or 18.37 points to 581.49 points, after a
slight rebound on October 28.
Finance stocks prop up indices
The VN-Index remained largely unchanged
on Sept. 16, closing up just 0.38 points to 556.98, as a strong
performance by financial shares helped counteract an ongoing wave of
profit-taking.
Lien Viet Bank sets ambitious plans for next decade
The Lien Viet bank has announced a plan
to soon set up a series of affiliates in order to become a major
financial group by early 2010.
A/H1N1flu threat to stock market trading
If a quarter of the securities
companies on the Ho Chi Minh or Hanoi stock exchanges suspended trading
activities because of the threat of A/H1N1 flu, it would force the
State Securities Commission to suspend all market trading.
Korean retailer finds local partner
The Republic of Korea’s clothing
retailer E-Land Group has become the foreign strategic partner of
Vietnam’s Thanh Cong Textile & Garment Joint Stock Co (TCG), after
acquiring a 30 percent stake in the company, Thanh Cong announced.
