The Hanoitimes - Nearly 90 percent of investors said that the hottest Southeast Asian investment destination outside of Singapore in 2018-2019 will be Vietnam and Indonesia. Though Singapore has long ruled the region's booming venture capital and private equity investment market, new players, including Vietnam, are emerging and could take its crown. Warburg Pincus is investing US$370 million in Techcombank. Photo: Internet According to a recent survey of management consulting firm Bain & Company, nearly 90 percent of investors said that the hottest Southeast Asian investment destination outside of Singapore in 2018-2019 will be Vietnam and Indonesia. Though Singapore remains Southeast Asia’s investment hub, vibrant start-up ecosystems are emerging across the region, the survey states, adding that together, Indonesia and Vietnam generated 20 percent of the region’s private equity deal value over the past five years, and that percentage is likely to … [Read more...] about Vietnam forecast to be the magnet of foreign investors next year
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Investors should remain calm, says market regulator
Mid- and long-term prospects are still good, says the State Securities Commission As the VN-Index tumbles again and reaches the new low at 906 points, market regulators have issued advisory messages for investors. According to Tran Van Dung, the Vietnamese market still has tremendous potential in the mid- and long-term, and investors should not overreact to global volatilities. On July 3, the VN-Index lost 41 points to land at the 906 mark, continuing its losing streak. Can you explain the reasons for this ongoing fall? Since the end of last year, we have been worried about two risks that can have a double impact on the Vietnamese market: possible rate hikes by the US Federal Reserve and global trade tensions, especially between the US and China. Both of these risks materialised in June: On the 13th, the Fed announced a rate hike and more increases are set to follow within the year. At the same time, trade tensions between the US and China and Europe also had a negative impact on … [Read more...] about Investors should remain calm, says market regulator
Foreign funds see profits vanish in market slump
Viet Nam News HÀ NỘI — Volatility on Việt Nam’s stock market in the past two months has dragged down the performance of foreign investment funds here. Việt Nam’s benchmark VN-Index on the HCM Stock Exchange has declined about 18 per cent in the last two months, eating away most of its gains of over 19 per cent in the first quarter of 2018. Since its highest record of 1,204 points on April 9 this year, the VN-Index lost 20 per cent by May 25, closing this week at 963.9 points. In line with the market downtrend, Pyn Elite Fund, the Finland fund which focused on Vietnamese shares, lost all of its gains since the beginning of this year. The net asset value (NAV) of Pyn Elite Fund as of May 15 decreased 0.2 per cent against last month, reaching 315.82 euros. Its assets under management were 436 million euros (US$510 million). In April, it also witnessed a monthly decrease of 1.5 per cent. Investments causing the biggest losses for the fund … [Read more...] about Foreign funds see profits vanish in market slump
Business world talks social enterprises
Developing creative business models that help generate profit and at the same time help improve the life of the community and well address social issues is the new way of doing business in Viet Nam, the Impact Enterprise Summit heard in HCM City last Saturday. Impact enterprises are defined as financially self-sustainable and scalable ventures that actively manage to produce significant net positive changes in well-being across underserved individuals, their communities, and the broader environment. Hui Woon Tan, founder of Alley 51 Ventures and The Purpose Group, said social impact-driven businesses are not merely built for the selfish capitalist man. “But the man who understands true sustainability and the value of a business must also take into account the real world where we are reliant and dependant on each other to survive. “If your business truly solves human problems, someone will automatically pay for it. Because that is the nature of our economic system. Small … [Read more...] about Business world talks social enterprises
Future bright for Viet Nam’s capital market
The Vietnamese economy’s bright prospects have created many opportunities for investors in the market. However, the economy is still heavily dependent on credit and the development of this market is still limited. Vietnam News Agency talks to Vu Bang, member of the Prime Minister’s Economic Advisory Group, about how to make Viet Nam’s capital market become more attractive and what opportunities will be identified in 2018. Viet Nam’s economy has long been dependent on credit. According to experts, if firms depend almost entirely on credit, Viet Nam’s capital market will be unable to develop. What do you think about this? Over the past five years, the capital market has helped mobilise about VND1.4 quadrillion (US$61.9 billion) from issuing bonds and shares. On average, enterprises raised VND20-30 trillion ($885 million - $1.3 billion) each year through the capital market. However, the amount of credit [supplied by the monetary market] to the economy is … [Read more...] about Future bright for Viet Nam’s capital market