The implementation of the EU-Vietnam Free Trade Agreement (EVFTA) in August has also sparked hopes of future growth. One-third of respondents said that the trade pact was an important part of their decision to invest in Vietnam, with the top two factors predicted to drive growth being tariff reductions (33 percent) and greater market access for investors (13 percent). … [Read more...] about European business confidence highest since Covid-19 outbreak in Vietnam
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Hanoi (VNS/VNA) - VinaCapital Vietnam Opportunity Fund (VOF), the flagship fund of VinaCapital, announced that Asia Commercial Bank (ACB) had become its 5th largest investment. VOF said it continued to buy more shares of ACB in October. This is the 6th largest bank by market capitalisation in Vietnam and a leading commercial bank in the retail and small and medium enterprise (SME) segments. With its experience in the development of digital banking, VinaCapital said it would share such insights with ACB's leaders. ACB accounted for 4.9 percent of VOF’S total net asset value (NAV) at the end of October, equivalent to nearly 46.3 million USD. ACB is currently listed on the HNX but the bank has submitted an application to transfer listing to HoSE in mid-October. VinaCapital expects the bank to be listed on HoSE in December 2020 or January 2021 and may enter the VN-30 basket, which consists of the 30 largest companies listed on HoSE in terms of market capitalisation. … [Read more...] about ACB becomes 5th largest investment of VOF
Last season, Everton played a Europa League match against Apollon Limassol in Cyprus which was basically meaningless. Win, lose or draw, it didn’t matter. A friend of mine, Keith, went. He was one of only a handful of diehard fans who had made the journey. In fact, Everton’s own manager, Sam Allardyce never even bothered to go. … [Read more...] about A third Euro competition? No thanks
Due to its geographic proximity, lower wages, skilled labor, trade agreements, and regional connectivity, Vietnam has emerged as one of the most preferred alternatives for manufacturers. Major US firms such as Apple, Intel, Qualcomm, Universal Alloy Corporation (UAC), Nike, and Key Tronic EMS have already moved production lines to Vietnam due to costs associated with the trade war. … [Read more...] about How US investors’ positive sentiment towards Vietnam grows stronger?
Hanoi (VNS/VNA) - Vietnamese businesses could increase exports to India by 633 million USD annually, the Standard Chartered Trade Opportunity Report has revealed. The study also found that Indian exporters could boost trade with Vietnam by an estimated 475 million USD, bringing the bilateral trade opportunity to 1.1 billion USD. The ASEAN markets in the study (Indonesia, Malaysia, Singapore, Thailand and Vietnam) have a combined opportunity of 10.7 billion USD to increase exports to India. The research tracks high potential exports, defined as goods or services where businesses have added value with the borders of their home market. As markets look to recover from the impact of COVID-19, the study champions global trade as a key lever of prosperity, highlighting the sectors with the greatest opportunities for growth. Vietnam’s wholesale and retail trade services sector has the most to gain, with an 87 million USD opportunity. India is now one of Vietnam’s top 10 … [Read more...] about Vietnamese exports to India likely to rise by 633 million USD