The profit growth of listed companies is forecast to cool down in 2023 but experts said there are still many positive factors to support the market in the near future.
China’s reopening is expected to boost Vietnam’s GDP growth by over 2 percentage points next year, driven by the full resumption of Chinese tourist arrivals in the second half of 2023, Michael Kokalari, chief economist at investment fund VinaCapital, said in a recent report.
The “Run for the Heart 2023”, an annual charity programme which aims to raise funds for children who need heart surgeries, has been launched by VinaCapital Foundation and Gamuda Land Vietnam.
Last week, the State Bank of Vietnam decided to put Saigon Joint Stock Commercial Bank (SCB) under special control and revamped the bank’s management to help the bank stabilize its operation, but analysts said the recent problem at SCB does not have any potential consequences on the banking system.
Foreign investors have always been interested in Vietnam’s stock market, Don Lam, general director of the VinaCapital Group, said on October 6 at a press briefing on the 2022 Investors Conference which is being hosted by VinaCapital in Ho Chi Minh City.
High-tech foreign investments will continue to propel Vietnam’s economic growth for years to come, Michael Kokalari, chief economist at investment fund VinaCapital, has said.
The Vietnamese economy is likely to grow 10% year on year in the third quarter of this year, driven by strong domestic consumption, according to Michael Kokalari, chief economist at VinaCapital, one of the country’s leading investment management and real estate development companies.
The strong development of the stock market, with rising retail investors and financial investment demand, has prompted many banks to cooperate with securities firms and fund management companies to add more cross-selling products.
Many large enterprises are signing M&A deals for projects that are currently on hold, and then quickly finishing construction to bring the products to market in a short time frame.
More people worldwide are becoming aware of Vietnam’s economic growth story and eagerly seeking ways to engage in it, noted CEO of the VinaCapital Fund Management JSC (VinaCapital) Brook Taylor in a recent press release.
Low labour cost, favourable geographic location and the expansion of investment abroad are three key factors helping Vietnam secure its foreign direct investment (FDI) attraction, according to Chief economist VinaCapital Michael Kokalari.
VinaCapital Ventures, a technology investment platform of VinaCapital Group, on December 21 announced that it has invested in Hub Global JSC, a blockchain eco-platform that focuses on supporting the development of promising Vietnamese startups creating blockchain solutions across a range of verticals.
The VinaCapital Foundation (VCF) has announced that it raised over 27 billion VND (1.17 million USD) for the campaign “Help Vietnam Breathe” from July to November.
French renewable energy producer EDF Renewables has made a significant investment in SkyX Energy, which is a subsidiary of VinaCapital Group and the owner of rooftop solar power plant SkyX Solar.
VinaCapital Group’s technology start-up venture fund VinaCapital Ventures (V2) has recently announced its investment in Dutycast, an assistant in cross-border online shopping.
More than 1,500 poor people, of which 1,000 were children, in flood-affected Nam Tra My district of central Quang Nam province received free examinations and medicine in a joint-health care charity programme by the Da Nang-Hoan My Hospital and VinaCapital Foundation.
GoStream, a fast-growing Vietnamese startup that provides multi-platform livestream broadcaster for social sellers, marketers, and content creators, has announced that it has secured a 7-digit USD funding from VinaCapital Ventures to help expand its business.
The 8th Run for the Heart race, an annual event to support disadvantaged children with congenital heart diseases, is taking place virtually, meaning it can reach runners from across the nation.
VinaCapital Vietnam Opportunity Fund (VOF), the flagship fund of VinaCapital, announced that Asia Commercial Bank (ACB) had become its 5th largest investment.
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