Property firms

As the State Bank of Vietnam (SBV) has ordered tight control over real estate loans by credit institutions, property firms and developers have to seek alternative ways to raise their capital. Real estate firms must seek alternative ways to raise their capital as the State Bank of Vietnam (SBV) has ordered tight control over real estate loans.  The central bank increased the risk weighting of real estate loans from 200 percent to 250 percent in 2019, which is a significant disincentive for banks to make loans to the property sector since their minimum capital requirement is a ratio of their risk-weighted assets under the Basel norms. Meanwhile, the SBV’s regulation on reducing the maximum quantum of short-term deposits that can be used for medium- and long-term loans from 45 percent to 40 percent will reduce banks’ liquidity. To that end, realty enterprises need to count on other source, especially when the interest rate risks are high. Phat Dat Real Estate … [Read more...] about Vietnam real estate firms issue bonds to raise capital

A corner of the Phu My Hung residential area in District 7, HCM City (Photo: VNA) Hanoi (VNA) – Since the Investment Law took effect in July 2015, Vietnam’s FDI inflows, and the real estate sector in particular, have significantly increased in terms of merger and acquisition (M&A) activities. Statistics released at the Vietnam M&A Forum in Ho Chi Minh City in August 2018 showed that in the first five months of the year, the total value of M&A transactions in the Vietnamese market had reached 3.55 billion USD, equivalent to 155 percent of the figure recorded in the same period last year. Of the sum, property deals made up 66.75 percent. Meanwhile, in 2017, M&A deals were valued at 10.2 billion USD, up 175 percent against 2016, with real estate accounting for only 27 percent following consumer goods production with 57 percent. Therefore, the numbers reported in the first half of the year demonstrate that the real estate sector has attracted greater … [Read more...] about Real estate sees rise in M&A deals

Stock Market Large-cap stocks buoy market recovery The Saigon Times Daily Wednesday,  Dec 11, 2019,19:21 (GMT+7) Large-cap stocks buoy market recoveryThe Saigon Times Daily Two investors look at the electronic stock price quotation board at Maybank Kim Eng Securities Company. The local stock market recovered today, December 11, with the VN-Index rising 1.48 points - PHOTO: THANH HOA HCMC – The local stock market recovered today, December 11, with the VN-Index rising 1.48 points, or 0.15%, at 961.78, backed by the rising prices of large-cap stocks. On the Hochiminh Stock Exchange, the VN-Index rebounded and hit its highest level of the day after falling below the reference mark. There were 216.5 million shares worth nearly VND4.4 trillion changing hands, down 10.8% in volume and 12.6% in value over the session earlier. In block deals, 57.9 million shares were traded with a total value of nearly VND1.5 trillion. … [Read more...] about Large-cap stocks buoy market recovery

The press conference announcing Vietnam M&A Forum 2019 This was announced by the organising board at the July 23 Hanoi press conference announcing Vietnam M&A Forum 2019. The 11th annual Vietnam M&A Forum held by Vietnam Investment Review and AVM Vietnam under the theme "Going for breakthrough" will take place at GEM Convention Center, Ho Chi Minh City on Tuesday, August 6, 2019. Accordingly, the M&A Forum will have three main sessions, namely policy dialogue, identifying breakthrough fields, and brand issue in M&A activities. Notably, in Session 1, managers and experts from the Ministry of Planning and Investment, the Ministry of Finance, the State Securities Commission, the State Bank of Vietnam, the Commission for the Management of State Capital at Enterprises (CMSC), and leaders of domestic and foreign enterprises will pool their knowledge to answer questions like "What changes do the Vietnamese government and authorised agencies need to make to create a … [Read more...] about 500 representatives to join Vietnam M&A Forum 2019

Competition is heating up in Vietnam's consumer lending market as existing foreign financial organizations rush to expand as new entrants join the market. The joint venture, which marks Hyundai Card’s first overseas endeavor, is touted as a new growth engine in the Southeast Asian market in a company statement. Consumer lending in Vietnam has increased strongly in recent times on the back of rising affluence amid strong economic growth. “As the market continues its growth momentum, new players, including foreign financial institutions, have been looking for entry into the country,” said Mr. Masataka Yoshida, Senior Managing Director, Head of the Cross-Border Division, and CEO Vietnam at the Recof Corporation, a Japan-based merger and acquisition (M&A) consulting firm. One after the other Before Hyundai Card, a host of other South Korean financial players penetrated into Vietnam’s fast-growing consumer finance market. Lotte Card acquired Techcom Finance in … [Read more...] about Consumer lending a contested landscape