Money Flow Returns Transaction on Vietnam’s stock market from September 15 to 21 Late announcement of final revisions of Circular 13 by the State Bank of Vietnam partly makes investors feel reserved. So, the selling spree increases in sessions when the market has gone up. The country’s macroeconomic situation shows that the inflation rates till late this year will remain high. In particular, the September’s CPI (consumer price index) of HCM City and Hanoi were up 0.96% and 0.97% respectively. Thus, it is difficult for the country’s CPI in September to stay at 0.3% as expected. The problem may pose obstacles to the progress of reducing interest rates, creating burdens of interests on enterprises and affecting whole year’s business results. Although the trade deficit in August was the lowest in recent months and GDP growth and inflation rates have positive trends, the monetary market is yet to bring benefits for the stock market. Mobilizing and lending rates … [Read more...] about Money Flow Returns
Expecting money in return
East Sea stakeholders fear money will talk as Beijing showers economic largesse and extracts diplomatic mileage US Secretary of State Hillary Clinton (L) and Chinese Foreign Minister Yang Jiechi arrive for a bilateral meeting on the sidelines of the Association of Southeast Asian Nations (ASEAN) regional forum at the Peace Palace in Phnom Penh on July 12.Photo: AFP As it acts to thwart the US's bid to gain Southeast Asian influence, China has been wielding its economic and military clout more overtly than usual in one of the world's fastest growing regions. The question several analysts are asking is: How many Association of Southeast Asian Nations (ASEAN) members, some of which are among the world's poorest, will rise to Beijing's bait? Cambodia has recently come under fire for blocking the customary joint statement at a regional summit ending last week in Phnom Penh - the first time it has happened in ASEAN's 45-year history. China described the meeting as "productive" but … [Read more...] about Cambodia’s in the bag, who’s next?
Vietnam is currently awash with abundant domestic liquidity, the movement of which creates ups and downs in different sectors of the financial industry. Mr Nguyen Viet Duc, Deputy Director of Research at the Saigon-Hanoi Fund Management Company, discusses where the money will go. It's quite interesting to witness the stock market set three records for total volume in mid-April. The main source of money flows in Vietnam comes from individual savings. With a tendency among individuals to put money into savings rather than spending, there is always a stock of money moving among different channels: time deposits, stock, gold, or real estate. Different from many other countries, this source of money is trapped inside the country due to restrictions on domestic investors' investment outside of the country.As at September 2008, when deposit interest rates climbed to around 20 per cent per annum, a good amount of this stock stayed in time deposits and later a good amount was invested in … [Read more...] about Money in motion
The free-wheeling and fiery Bill Clinton who stole the show at the Democratic Party's convention showed up in Florida this week far more subdued. The former president's temperament appeared designed to match the moment. Clinton's campaign swing on behalf of President Barack Obama coincided with two somber occasions: the anniversary of the Sept. 11 attacks and the tumultuous events in Libya that left four American diplomats dead. In a nod to the tragedies, Clinton muted much of his direct criticism of Republican presidential nominee Mitt Romney during campaign rallies in Miami and Orlando. But he did draw sharp and detailed contrasts between Obama and Republicans on a myriad of policies, including health care, education and the debt. Clinton never mentioned the deaths of the Americans in Libya, perhaps trying to avoid interfering with the delicate diplomacy his wife, Secretary of State Hillary Rodham Clinton, was dealing with back in Washington. Chris Stevens, U.S. ambassador … [Read more...] about Clinton subdued in return to campaign trail
Though investors can see clearly that the demand for children’s leisure centers is very high, and that the market has great potentials to develop, they still keep hesitant to inject money in the field, because they anticipate a lot of difficulties would be met if jumping into the market. “The number of existing leisure centers is just like a drop of water in the ocean of the demand. Children are really thirsty for amusement parks,” said Le Quang Hung, General Director of KizCiti, an amusement and education park. Demand big There are about 24.6 million of children aged from zero to 16, accounting for 27.5 percent of the total population. In HCM City alone, there are 1.7 million children aged less than 16, accounting for ¼ of the city’s population. Meanwhile, the current leisure centers for children just can satisfy a very small part of the demand. The playing fields at the schools are usually the small yards, where students go to in break time, … [Read more...] about Vietnam lacks leisure centers for children, investors hesitant to pour money in