Jazreel Lim Trade and business links between Singapore and Vietnam have always been robust, ever since the countries established bilateral diplomatic relations back in 1973. Singapore has consistently been among the top five foreign investors in Vietnam by value of new investments. According to Vietnam’s General Statistics Office (GSO), Singapore ranked second in 2016, third in 2017, and continued to keep its position in the first seven months of 2018. Broadly speaking, real estate and construction, education, manufacturing, infrastructure, and healthcare have traditionally been the big magnets in the Vietnamese market. Since the signing of the Vietnam-Singapore Economic Connectivity Agreement in 2005, the level of collaboration and mutual business opportunities from the segments of transportation, investment, trade, and services is evident. Singaporean companies boast great achievements in Vietnam. Successful stories include CapitaLand, with its famous projects (The Vista, … [Read more...] about Stronger capital flow from Singapore
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Vietnam investment: hectic M&A in 2018
At the Savills Hanoi, Danang, and Ho Chi Minh offices, we see many investor groups every day, mostly new entrants, who are keen to explore opportunities.This interest is mainly coming from the region – Japan, Korea, China, Hong Kong, Singapore – though U.S., European and global funds are also investigating a lot. In the first half of the year, the Vietnamese economy grew at over 7 percent year-on-year, the highest rate in seven years. All commercial and residential sectors are targets. The latter is still very hot across the country; large investor groups, particularly Chinese and Japanese, are investing heavily in large new urban areas. One major example, which accounted for a huge chunk of the FDI in the first half of the year, is the SmartCity project in Hanoi, a 271ha modern residential and commercial township jointly developed by four local investors and Japan’s Sumitomo Corporation. The first phase is planned to commence in the third quarter of this … [Read more...] about Vietnam investment: hectic M&A in 2018
Bản in : Profit-taking slows market gains
Shares failed to sustain their morning gains on September 4 under heavy profit-taking pressure after a long rally. The development follows forecasts by securities firms that expect the market to go into a correction phase after hitting a six year and a half high. However, strong cash flows have helped cushion the drop-off. On the Hochiminh Stock Exchange, the benchmark VN-Index inched down just 0.08 percent to close September 4 session at 640.22 points. Blue chips were the main drag as many of the top 30 shares by market value and liquidity lost value, including Vinamilk (VNM), VinGroup (VIC), Bao Viet Holdings (BVH), Ocean Group (OGC), Saigon Securities Inc (SSI) and Hoa Sen Group (HSG). The VN30 decreased 0.05 percent to end at 678.59 points. Liquidity declined, with the market volume falling 20 percent from the previous session. Around 163 million shares were traded for 3 trillion VND (142 million USD), down 15 percent in value. Value of negotiated transactions was high at nearly … [Read more...] about Bản in : Profit-taking slows market gains
Bản in : Shares up despite investor caution
Overall, shares rose last week, though investor sentiment remained cautious. On the Hochiminh Stock Exchange, the VN-Index finished at 578.76 points, up 2.16 percent over the previous week. The HNX-Index on the Hanoi Stock Exchange also improved by 1.37 percent to reach 88.63 points. Meanwhile, the average market value on both exchanges declined to 1.96 trillion VND (92 million USD) in Ho Chi Minh City and 829.3 billion VND (38.9 million USD) in Hanoi. The declines in the preceding week lured investors back to help indexes gain value. However, the caution prevailed, hampering the rising momentum of the two bourses and causing liquidity to decrease throughout the sessions. Further, blue chips continued to lead the market rally, though transactions were erratic. Cash flow shifted quickly between sectors, as it focused on logistics shares during the first two days of the week, then concentrated on purchasing securities stocks on December 3. Meanwhile, in the final three sessions, banking … [Read more...] about Bản in : Shares up despite investor caution
Property firm predicts brighter market – Real estate – Economy
The Hanoitimes - Property services firm CB Richard Ellis Vietnam predicts that more investors will be able to capitalise on opportunities in Hanoi's real estate market this year, as last year's tough market conditions ease. "For some people, companies and individuals, 2012 will be a year when Vietnam finally becomes a reality," said CBRE Vietnam managing director Marc Townsend at the firm's fifth annual "Fearless Forecast" presentation in Hanoi on Thursday."If you've been listening to me and CBRE's research, you know that certain sectors have seen prices declining," Townsend said. "Some sectors have seen prices declining for over three years. There has been pain in the market, with cash flows being challenged as restrictions on capital flows came into place and buyer appetite faded." But he noted that rising auto sales suggested that Vietnamese consumers had money to spend. "Mirroring the growth in sales of entry-level cars, we expect more affordably-priced residential … [Read more...] about Property firm predicts brighter market – Real estate – Economy