- All kinds of information, from macro to corporate updates. Vietnam’s companies need to disclose more information in a more timely manner, especially in English. Regulators, the central bank for instance, need to disclose more information as well. Many foreign investors, before entering the country, often get comfortable with the big picture first, in terms of regulatory and macro information. … [Read more...] about Despite epidemic, Vietnam stock market remains resilient
How to calculate capital gains tax on stock sale
Hanoi (VNS/VNA) - The Government has decided to allow Vietcombank and Vietinbank to increase their charter capital by 10 trillion VND (434.8 million USD) in the first quarter of this year, Deputy Prime Minister Vuong Dinh Hue said last month. But it has not said how they could do so. Analysts said the Government’s decision was in response to lenders’ insistent demand that they should be allowed to increase their capital. But the decision to allow Vietcombank to do so has surprised many since just last year it increased its capital by selling a stake to Singapore sovereign wealth fund GIC. For Vietinbank, the Government’s approval comes as big relief since its capital adequacy ratio (CAR) has been close to the State Bank of Vietnam (SBV)’s minimum prescription of 9 percent since the fourth quarter of 2018. CAR is based on the Basel accords, an international business standard that requires financial institutions to maintain enough cash reserves to cover … [Read more...] about Two State-owned banks allowed to increase charter capital
Originating from a factory specialising in manufacturing molds and spare parts for automobiles, in April 2004, Vinaxuki was licensed by the Prime Minister to manufacture and assemble cars of all kinds. According to the design capacity, Vinaxuki’s three factories in Thai Nguyen and Thanh Hoa provinces and Ha Noi’s Me Linh District could produce 30,000 vehicles a year, generating jobs for more than 9,000 locals. … [Read more...] about BIDV puts auto firm Vinaxuki up for sale to recover bad debt
VIC of Vingroup, Vietnam’s biggest private conglomerate, and HoSE’s biggest market cap stock, lost 2.4 percent. Tickers of its subsidiaries, VHM of real estate developer Vinhomes, and VRE of retail arm Vincom Retail, lost 2.4 percent and 4.4 percent respectively. … [Read more...] about VN-Index plunges to 13-month low
With emerging channels growing in popularity, including minimarkets, convenience stores and ecommerce, there will be a continuing shift from traditional shopping behaviors to omni-channel and multi-channel shopping, reinforcing the rising omnichannel trend in the retail and FMCG market in the coming time. — VNS … [Read more...] about What effect will COVID-19 have on Vietnam’s FMCG market?