Stock market needs product impetus Business

Stock market needs product impetus

There are many securities products that are widely used in other countries but have not yet appeared on the Vietnamese stock market, said Phan Duc Hieu, deputy director of the Central Institute for Economic Management (CIEM).
VinaCapital rolls out VinaCapital Insights Balanced Fund Business

VinaCapital rolls out VinaCapital Insights Balanced Fund

VinaCapita Fund Management Joint Stock Company (VCFM), one of the most experienced asset management companies in Vietnam, on March 20 announced the establishment of its fourth open-ended fund - the VinCapital Insights Balanced Fund (VIBF).
Law on credit institutions takes effect Business

Law on credit institutions takes effect

Many businesspeople, who hold leadership positions at both banks and other firms, have decided to give up their positions in enterprises and keep the banking management positions to meet a new Government regulation.
VinaCapital to raise 5 million USD Business

VinaCapital to raise 5 million USD

Asset management company VinaCapital announced on October 13 at its annual investor conference that it expects to set up next month a domestic fund for foreign investors and raise 5 million USD.
Local startups see values soar Business

Local startups see values soar

Stock prices of many local start-up companies are valued extremely high, far above prices of large-cap shares on the two national stock exchanges.
Business

SSC calls for changes to real estate funds

The State Securities Commission (SSC) has suggested easing regulations in the hopes of developing the investment tool of Real Estate Investment Trusts (REIT), which have been officially permitted in Vietnam since September 2012, but no such funds have been launched so far due to tight restrictions.
Business

Vinacomin looks for ways to boost turnover

The Vietnam National Coal and Mineral Industries Corporation (Vinacomin)'s turnover was 26 trillion VND (1.23 billion USD) in the first quarter of this year, while its profit was 550 billion VND (26.1 million USD).
VinaWealth launches open-ended fund Business

VinaWealth launches open-ended fund

VinaWealth Fund Management Company JSC has launched the VinaWealth Equity Opportunity Fund (VEOF), under the IPO granted by the Vietnam State Securities Commission on March 14.
Vietnam, US issue Joint Statement Politics

Vietnam, US issue Joint Statement

President Truong Tan Sang of Vietnam and President Barack Obama of the United States of America issued a joint statement at the end of their talks in Washington on July 25. The statement runs as follow:

President Barack Obama welcomed President Truong Tan Sang of the Socialist Republic of Vietnam to the White House on July 25, 2013. During their meeting, the two Presidents affirmed their commitment to opening a new phase of bilateral relations between Vietnam and the United States based on mutual respect and common interests. President Truong Tan Sang’s visit comes at an important time for both nations, reflecting a shared desire to build a forward-looking relationship between the two countries.
Business

HCM City plans new stock indices

The HCM Stock Exchange on September 26 announced that next year it would deploy five new indices, named the VNMidcap, VNSmallcap, VN100, VN-Industry and VNAllshares, during a meeting in Hanoi.