Foreign investors

An investor watching the market’s movements on September 29. (Photo: VNA) Hanoi (VNA) – Foreign investors have always been interested in Vietnam’s stock market, Don Lam, general director of the VinaCapital Group, said on October 6 at a press briefing on the 2022 Investors Conference which is being hosted by VinaCapital in Ho Chi Minh City. Noting that nearly 100 investors from countries around the world have gathered at the conference this year amid a market slump, he said it is proof of investors' interest in Vietnam. Since the previous conference was held three years ago, the world has changed a lot, but one thing remain unchanged which is Vietnam's attractiveness to investors, Lam said. “Not many countries can overcome the pandemic and recover as strongly as Vietnam,” he said. According to Andy Ho, Chief Investment Officer, Managing Director of VinaCapital, said that the volatility of the stock market has made many investors uneasy. However, it should be noted that … [Read more...] about VinaCapital: Vietnam’s stock markets always attractive to foreign investors

Over the last two months, Indian investors have organised events and field surveys across the country to look for opportunities. A view of the 2022 Horasis India Meeting (Photo: VNA) The Confederation of Indian Industries led a delegation of 15 leading companies to Vietnam on September 25-28 to participate in the India-Vietnam Business Forums held in the southern province of Binh Duong and Hanoi. Indian investors are looking for local partners to enhance bilateral cooperation in various sectors, such as energy, electric vehicles, IT, petrochemicals, healthcare, water treatment, food and beverages, fertilisers, and food processing. “We want to establish a joint venture with local partners to set up an integrated biotech laboratory, which can be used to manufacture biotech products for agriculture, veterinary products, and aquaculture products,” said Mekala Lakshmi Prasad, managing director of agri- and aquaculture group Sujay Biotech. In late August, 25 automotive … [Read more...] about Indian-based financiers eager to pour further investment into the country

Without mutual support, domestic manufacturers continue to wait for market capacity to be large enough to accept competition with suppliers from outside. With the right incentives, localisation is expected to boost manufacturing nationwide As many final consumer products require a series of manufacturing processes, when mass producing, one cannot do it all by themselves. This is how new supply chains are formed, however, without the concept of supporting or ancillary industries. Within the motorbike market, each year Vietnam consumes nearly three million units. Such output is very attractive for manufacturers, who easily achieve efficiency brought about by mass production. When implementing localisation, it is not difficult to attract suppliers whose supply chain is specialised and professional at each stage. The supply chain is formed by the needs and advantages of the market, without requiring a policy for the development of the supporting industry. Meanwhile, … [Read more...] about The new face of manufacturing supporting industries

Late last month, FPT Semiconductor officially launched the first line of integrated circuit (IC) chips used in Internet of Things (IoT) products for the medical field. The ICs, which are designed in Vietnam and manufactured in South Korea, will be delivered to customers and current strategic partners in Australia, Taiwan, and China. Next year, FPT Semiconductor plans to supply 25 million chips globally in seven types to meet diverse needs in telecommunications, IoT, automotive technology, energy, electronics, and others. Vietnam picking up slack as hub for chips - illustration photo The chipmaker intends to deploy and supply Vietnamese chips to domestic corporations to develop sustainably and contribute to completing the supply chain of manufacturing equipment for users in Vietnam between 2023 and 2025. According to a Technavio report, Vietnam’s semiconductor industry is estimated to exceed $6.16 billion by 2024. According to US-based technological research and … [Read more...] about Vietnam picking up slack as hub for chips

A Masan pork-processing factory in Ha Nam Province. MSN was one of the stocks behind the downward trend on Thursday. — Photo baodautu.vn Stocks sank during Thursday's market meltdown amid strong selling forces. On the Ho Chi Minh Stock Exchange (HOSE), the VN-Index fell steadily to 1,074.52 points, down 29.74 points (2.69 per cent) against the previous session. The market was overrun by decliners as their headcount reached 315, against 53 advancers. Remarkably, 59 stocks hit floor prices and just five sat at the other end. "Stocks retreated so quickly. The upward trend was fragile whereas the downward trend was robust," said an investor. HOSE was slack on Thursday since investors traded just VND9.8 trillion worth of shares on the exchange (US$410 million). The VN30-Index echoed the VN-Index pattern with a loss of 36.02 points (3.22 per cent), ending the session at 1,081.36 points. In the basket, 28 stocks slid, one stayed flat and one climbed. Hoa Phat Group (HPG) led … [Read more...] about Market plunges on bearish sentiment

Coordinating Minister for Economic Affairs Airlangga Hartarto (centere). (Photo: ANTARA/VNA) Jakarta (VNA) - The economic cooperation between Indonesia and the Republic of Korea (RoK) continues to be intensified, such as through the ratification of the countries’ comprehensive economic partnership agreement (IKCEPA), an Indonesian official has said. The IKCEPA could be enforced in January 2023, Coordinating Minister for Economic Affairs Airlangga Hartarto said in an official statement on October 5 congratulating the people and Government of the Republic of Korea on their country’s National Foundation Day (October 3). He noted that in addition to the IKCEPA, Indonesia and the RoK have ratified the Regional Comprehensive Economic Partnership (RCEP) Agreement that will strengthen bilateral relations, especially in economy, trade, and investment. The official expressed his belief that relations and cooperation between the two countries can become stronger in line with the … [Read more...] about Indonesia, RoK strengthen economic links