Business

Traders wary despite positive news

Call it a self-fulfilling prophecy, but as soon as Dragon Capital director Dominic Scriven said this week that it was too early to expect a sustained rally, the nation's stock market on Mar. 16 began to show instability.
Business

Spending spree makes stocks soar

The stock market exploded on Mar. 15 afternoon when investors poured more than 3 trillion VND (142.9 million USD) into both the nation's exchanges, pushing many shares up to ceiling prices.
Business

Fitch lauds measures to cool overheating economy

Easing inflation and improvements in the trade balance suggest that Vietnam 's economy is stabilising, but authorities need to double their commitment to the "Resolution 11" policies to maintain this progress.
Business

Vietnam shares keep building

Shares continued to build on last week's rally on Jan. 16, with improved trading value on both of the nation's stock exchanges – even as other markets in the region sank on last Jan. 13's news that international credit ratings agency Standard & Poor's (S&P) had downgraded a number of European nations due to the ongoing eurozone debt crisis.
Business

Aussie bank ups stake in VIB

Vietnam International Bank (VIB) and Commonwealth Bank of Australia (CBA) on Oct. 20 announced CBA had taken an increased stake in VIB as a strategic shareholder.
Business

Shares slump, gold price soars

Shares retreated on August 8 on both national exchanges, with decliners overwhelming advancers amid growing uncertainty over both the global and domestic economies.
Economic woes deflate bond market Business

Economic woes deflate bond market

High inflation and bond yields lower than banks interest rates, as well as the decreasing value of the Vietnamese dong against the US dollar, have combined to derail recent Government bond issues, said Vietnam Bond Market Association vice chairman Trinh Hoai Giang.
Business

Agricultural sector fails to attract FDI

In the last 10 years, foreign direct investment (FDI) in the agriculture sector has dropped from 8 percent in 2001 to 1 percent in 2010, leading some to ask what has led to such a steep decline in the country's primary industry.
Society

Resort flak ‘a warning'

The National Geographic Traveller magazine ratings that list Nha Trang beach as a destination "facing trouble" have come as a warning to the local administration on the need for sustainable tourism development and management.