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Philippe Le Houérou - Chief Executive Officer of IFC speaks at the event (Source: VNA) HCM City (VNA) - The set of Principles of Best Corporate Governance for all public companies in Vietnam was publicised by the State Securities Commission of Vietnam (SSC) at the Ho Chi Minh Stock Exchange (HOSE) on August 13. The principles aim to promote the capital market and the sustainable development of the economy. The rules, which were developed with support from the International Finance Organisation (IFC) and the Swiss State Secretariat for Economic Affairs (SECO), make recommendations on best corporate governance practices for all Vietnamese public companies. The set of 10 principles, with detailed recommendations on best principles, centre on addressing priority issues in corporate governance practices. Notably, six out of them focus on operational functions of boards of directors – something many local firms need to improve. The remaining four … [Read more...] about Principles of best corporate governance makes debut

The Hanoi Stock Exchange reported its six-month pre-tax profits were up 21.7 percent year on year to 213 billion VND. (Photo: cafef.vn)   Hanoi (VNA) - The Ho Chi Minh Stock Exchange (HoSE) has reported its pre-tax profits dropped by almost half year-on-year to 200 billion VND (8.63 million USD). With this figure, the southern bourse has fulfilled 31 percent of its whole-year pre-tax profit plan. In the first six months of 2019, HoSE earned 325 billion VND in revenue, down 223 billion VND from last year’s number. The drop of income from stock trading fees was the cause of the bourse’s lower revenue. Income from trading charges fell by 214 billion VND to 272 billion VND in the first six-month period, vneconomy.vn reported. At the end of the second quarter, the exchange’s total capital fell 66 billion VND to 1.85 trillion VND. Equity capital was nearly 1.57 trillion VND. There were 445 items listed on HoSE as of June 30, including 377 stocks, 53 corporate … [Read more...] about HoSE reports lower profits, HNX enjoys higher gains in first half

The HoSE will work on a special mechanism that allows foreign investors to trade shares of companies that have run out of room for foreign ownership. (Photo: HoSE) HCM City (VNS/VNA) - In 2019, the southern Ho Chi Minh Stock Exchange (HoSE) will work on a special mechanism that allows foreign investors to trade shares of companies that have run out of room for foreign ownership, especially investors from Thailand, Malaysia and Japan. The southern bourse will work with the State Securities Commission (SSC) to review and prepare for the launch of covered warrants, monitor the trading of the new products and improve trading conditions. In addition, the HoSE will research and develop new indices that underlie other derivatives products, and improve the quality and transparency of corporate reports and information disclosure. The HCM City market regulator will continue carrying out and completing the corporate sustainable development index, help listed firms apply international … [Read more...] about HoSE to help foreign investors

Viet Nam’s local currency bond market expanded during the third quarter of this year. — Photo baotintuc.vn Viet Nam’s local currency bond market expanded during the third quarter of 2019, according to the latest issue of the Asian Development Bank’s (ADB) Asia Bond Monitor. The issue shows that at the end of September, Viet Nam had US$55.1 billion in paper outstanding, 3.4 per cent higher on-quarter and 1.9 per cent higher on-year in local currency terms. This expansion was due mainly to a 4 per cent on-quarter growth in Government bonds to $51.0 billion as the State Bank of Viet Nam increased issuance of central bank bills. The overall expansion of the country’s local currency bond market was slightly tempered by a 2.8 per cent contraction on-quarter in the corporate bond market to $5 billion. The corporate bond market still posted growth of 4.2 per cent year-on-year. Viet Nam is one of emerging East Asia bond markets. Others comprise China, Hong Kong, … [Read more...] about Viet Nam bond market grows in Q3

Successful Turning Loss into Profit, Strong Release of Market Potential; Sales of Key Products Doubled, Business Restructuring Completed Smoothly HONG KONG, CHINA - EQS  -  30 August 2019 - A fully integrated biopharmaceutical company -- Uni-Bio Science Group Limited (the "Company", together with its subsidiaries, the "Group"; Stock code: 0690.HK) are pleased to announce that its interim results for the period ended 3 0 June 201 9 (the "Period" or "1H2019") ， During the period, the Group succeeded in turning its loss into profit, with a net profit of HK$44.9 million and a basic profit of HK$0.73 cents per share . Compared with the core performance indicators in the first half of 2018 ("1H2018"), the figures have improved considerably, standing on a turning point of the performance and entering a new phase of growth. Key Accomplishments in 1H2019 During the Period, The Group has made a series of important progress in sales, corporate … [Read more...] about Uni-Bio Science Group Limited Announces 2019 Interim Results