Foreign investment funds remain upbeat about the Vietnamese market’s potential, Photo: Le Toan In this year’s past quarter, the Vietnamese stock market went through a corrective period, as the main gauge VN-Index tumbled by 20 per cent from its historic peak of 1,170 points in March. External volatilities on trade and foreign currencies threatened to drag the market down further. However, foreign investors, who have seen the value of their portfolio going south, now take refuge in the upbeat business results of leading Vietnamese firms. Tundra Vietnam Fund, the first Scandinavian fund focused solely on Vietnam, noted that they saw earnings growth in key sectors, such as banking, real estate, materials, and construction. The financial sector posted year-on-year growth between 50 and 150 per cent, which excited Tundra Vietnam as Saigon Securities and HDBank are both among its top 10 holdings. Specifically, Saigon Securities posted VND2.1 trillion ($92.92 million) in gross … [Read more...] about Bearish market does not deter investment funds
Investment fund accounting
Investment funds for startups in Vietnam still modest
Investment funds for startups in Vietnam still modest By Van Nam Nguyen Viet Dung, director of the HCMC Department of Science and Technology, speaks at the ninth meeting of the HCMC People’s Council on July 12 – PHOTO: VAN NAM HCMC - Slow reforms of procedures in Vietnam have forced enterprises to move to other countries to start businesses, and investments in startups remain modest compared with those in regional countries. At a Q&A session of the ninth meeting of the HCMC People’s Council on July 12, the director of the HCMC Department of Science and Technology, Nguyen Viet Dung, noted that many startups in the country had moved to Singapore as it facilitated quick business registration procedures. In Vietnam, it takes months to complete the procedures, he added, stressing that certain investments needed quick procedures as investors may make an investment one month and sell it the following month. According to Dung, Vietnam attracted US$202 million … [Read more...] about Investment funds for startups in Vietnam still modest
1MDB fund insolvent: Malaysian Finance Minister
Malaysian Finance Minister Lim Guan Eng(Photo: Ministry of Finance Malaysia) Kuala Lumpur (VNA) - Malaysia's state investment fund 1Malaysia Development Berhad (1MDB) is insolvent, said Malaysian Finance Minister Lim Guan Eng on May 23. In a statement after meeting with those who worked for 1MDB, Lim said the fund’s Board of Directors had confirmed that 1MDB was "insolvent" and unable to pay debts owed. One of the fund’s directors announced with Lim that the overseas investments worth 9.8 billion RM (2.46 billion USD), which could help meet 1MDB's financial obligations over the next few years, actually exits. Lim said president and CEO Arul Kanda was uncertain of the value of these investments, and if they existed. He asked legal advisors of the Malaysian Finance Ministry to reconsider the position of Kanda as the president of 1MDB. At the same time, PricewaterhouseCoopers auditing firm was selected to examine financial accounts of the fund. 1MDB is an … [Read more...] about 1MDB fund insolvent: Malaysian Finance Minister
Việt Nam start-ups need more investment
Despite strong growth, investment into innovative start-ups in Viet Nam remains relatively modest compared to the region and the world. Dien Dan Doanh Nghiep (Business Forum) newspaper organised the 2018 Start-up Forum in Ha Noi on Tuesday. According to a Topica Founder Institute report, up to US$291 million was poured into Vietnamese start-ups last year, a year-on-year increase of 42 per cent. According to Tech in Asia, the Southeast Asian region has attracted $7.86 billion in start-ups last year. Therefore, the amount of investment into Vietnamese start-ups accounted for a very small proportion, less than 5 per cent, reported Tu Minh Hieu, a representative from the Department of Market and Sci-Tech Enterprise Development, Ministry of Science and Technology. The number of investment transactions in Viet Nam is also increasing, however the number of transactions under $1 million is in the majority, Hieu said. The amount of investment with capital of over $10 million is small, he said. … [Read more...] about Việt Nam start-ups need more investment
Alternative investment opportunities in Việt Nam
Viet Nam News by Brian Spence This week, we take a look beyond shares and bonds at some of the more unusual and potentially lucrative alternative investment opportunities. “Alternative” investments is a catch-all term for anything that is not shares, bonds, mainstream property or cash. Beyond these traditional asset classes, Vietnamese investors can invest in everything from stamps and fine wine. Of course, the fact that alternative investment opportunities exist does not mean these investments are safe or advisable. Before you even consider an alternative investment opportunity, you need to understand the risks. When you’ve understood some of the dangers, take a look at some of the alternative investment ideas below. All of them are available to Vietnamese investors, although not all are Việt Nam-based. We’ve put them roughly in order of risk, starting with the “safest” and ending with those you should definitely steer clear of. This is … [Read more...] about Alternative investment opportunities in Việt Nam