Insurance companies should use more electronic transactions and take advantage of high-tech products to better compete in the market, a government official said in Ho Chi Minh City on November 14.
Police in the central province of Ha Tinh on October 31 decided to start criminal proceedings against a case of organising and brokering illegal emigration in the locality under Article 349 of the Penal Code.
UK based Workthere, a website listing platform and brokerage services, has entered the Vietnamese market to help businesses find flexible, co-working and serviced office spaces in a country where co-working has expanded rapidly.
SSI Securities Corporation received two Asiamoney Best Southeast Asia Securities House Awards from Asiamoney, a leading finance and investment magazine in the Asia-Pacific, at a ceremony in Singapore this week.
Insurance companies and their agents face stricter scrutiny as a number of Government decisions designed to regulate agents’ qualifications are set to take effect in November.
Minister of Labour, Invalids and Social Affairs Dao Ngoc Dung answered questions regarding Vietnamese guest workers unilaterally breaking contracts and seeking other jobs during a question and answer session of the National Assembly Standing Committee in Hanoi on August 15.
After two years of operation, smaller securities firms in terms of market capitalisation have beaten big players in derivatives brokerage market share.
The office market in Ho Chi Minh City continued stable growth in the first half of this year, with some increases in rental prices and areas, according to major property consultant firms.
As the State Bank of Vietnam has tightened the control over real estate loans to ensure sustainable development of the market and safety of the banking sector, property transactions have fallen down in both Hanoi and Ho Chi Minh City in the first six months of the year, experts said at a recent meeting in Hanoi.
Vietnam’s insurance industry maintained positive growth in the first half of this year, with total revenue surging by 24.35 percent year-on-year to nearly 71.15 trillion VND (3 billion USD), the Ministry of Finance’s Insurance Supervisory Authority (ISA) has reported.
The State Securities Commission (SSC) has so far licensed16 securities companies to sell 28.9 million covered warrants with a maximum value of 104 billion VND (4.5 million USD).
The domestic real estate market in the second half of this year is not expected to witness significant changes in price due to stability in supply, according to experts.
As Vietnam, one of the hottest startup hubs in the world, is welcoming a huge wave of venture capital, its tech startup firms are expected to quickly reach the unicorn status, which means they are valued 1 billion USD or more, according to insiders.
Covered warrants, which will be traded on the Ho Chi Minh Stock Exchange (HOSE) from this month, are expected to attract a large number of investors since they have lower investment costs and can be leveraged more than conventional financial products, heard a recent seminar in HCM City.
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