Corporate

The Ministry of Finance on November 19 made recommendations concerning corporate bonds, advising investors to carefully consider purchasing those bonds coming with high coupons, reported Sai Gon Giai Phong newspaper. According to the ministry, a corporate bond is a debt security issued by a corporation, typically backed by the firm’s payment ability. Whether the issuer can repay depends on its financial and business performance, so investors should carefully consider and evaluate possible risks before deciding to buy corporate bonds. Some typical risks that investors may face could be the firm’s failure to fulfill the terms and conditions of its bond issues. Also, the firm may fail to make full payments when the debt falls due, or the issuer may not fulfill its commitment to investors on the redemption of bonds before the maturity date. Accordingly, the ministry advised investors not to be lured by the high bond coupons. If investors plan to purchase corporate bonds, they … [Read more...] about VN Finance Ministry warns of high corporate bond rates

Financial Markets Finance ministry warns of high corporate bond rates The Saigon Times Daily Tuesday,  Nov 19, 2019,19:50 (GMT+7) Finance ministry warns of high corporate bond rates The Saigon Times Daily A person holds packets of Vietnamese banknotes. The Ministry of Finance has advised investors not to be lured by the relatively high coupons of corporate bonds - PHOTO: THANH HOA HCMC – The Ministry of Finance on November 19 made recommendations concerning corporate bonds, advising investors to carefully consider purchasing those bonds coming with high coupons, reported Sai Gon Giai Phong newspaper. According to the ministry, a corporate bond is a debt security issued by a corporation, typically backed by the firm’s payment ability. Whether the issuer can repay depends on its financial and business performance, so investors should carefully consider and evaluate possible risks before deciding to buy … [Read more...] about Finance ministry warns of high corporate bond rates

Representative from Novaland Group awards scholarships to local students in Hong Ngu District of Dong Thap Province. — VNS Photo Novaland Group recently awarded 180 Nhe-teacher Scholarships to outstanding students in eight schools in Hong Ngu District in the Mekong Delta Province of Dong Thap. This is for the 15th year that it is awarding the scholarships in the province. It has so far supported thousands of children, helping them overcome disadvantages in life to continue their studies. The scholarships are worth VND2 million each. The company has also donated VND80 million each to the study foundation of eight schools, and the money will be used for academic activities. In July Novaland provided funding to build the Long Khanh A3 Elementary School in Hong Nu District. It is a modern school with facilities like a gymnasium, an art room, an IT room, a library, and a medical room. Nguyen Huu Tien, head of the district Education and Training Division, said: “The Nhe-teacher … [Read more...] about Novaland continues to provide scholarships to Dong Thap Province students

Emirates has appointed Orhan Abbas as the new Senior Vice President to lead its commercial operations in the Far East. — Photo courtesy of Emirates Emirates has appointed Orhan Abbas as the new Senior Vice President to lead its commercial operations in the Far East. Abbas took up the role earlier this month when Emirates announced key appointments and rotations in its global commercial operations as part of its continued focus on better serving its customers across its global network and maintaining a competitive edge in the different regions. In his new role, Orhan will lead growth efforts across Southeast and East Asia, which spans 13 countries including Viet Nam, in addition to China, Japan, Singapore and Hong Kong. Prior to this new position, Orhan was Emirates’ Senior Vice President of Commercial Operations for Africa. “The potential for growth within the Far East region looks very promising, a fact underpinned by the growing disposable income and middle class … [Read more...] about Emirates appoints new Senior Vice President for Far East region

More bank M&As expected in 2012, says HSBC expert  The figure for Singaporean investors increased by more than three times compared to last year's level, which stood at US$23 million, and is an all-time high for Singaporean investors here.  According to London-based financial data provider Mergermarket, since August 2007, Singaporean companies have invested around US$203 million in the Vietnamese market and carried out more than ten M&A deals.  These M&As were mostly in the chemical and biotechnology industries, while the construction, consumer goods, transport and financial sectors also saw deals.  Worthy of note  was the acquisition of Fortis Healthcare International for a 65 percent stake in Hoan My Medical Corporation at US$64 million in August last year. The company's name was then changed to Fortis Hoan My Group.  While Singaporean firms were increasingly expanding M&As in Vietnam, Japanese investors still dominated with eight deals … [Read more...] about Singaporean firms eye M&A opportunities in Vietnam