(VOV) -Japan's Sojitz Group has begun construction work on a 27-ha project in an industrial zone (IZ) near Ho Chi Minh City. Vietnam seeks Japanese investment in stock market Japanese businesses eye the Mekong River Delta region Japanese firms forge new partnership with Vietnam The Group's Asia-Pacific Director General, Hideaki Kato, revealed the company plans to develop an additional three or four IZs in Vietnam. Many Japanese small-and-medium-sized businesses are keen on Vietnam's high technology industry, Kato said, adding that Sojitz has so far invested in more than twenty plants in all three regions of Vietnam, with a focus on food processing and infrastructure for IZs. Sojitz got involved in a project to build Long Duc IZ in southern Dong Nai province which has attracted a large number of Japanese investors since it entered operations last September. Among its big investors were Lixil (US$441 million) and Temura (US$98 million). As well as … [Read more...] about Japanese firms invest in Vietnam’s industrial zones
Small investments in stock market
The situation that enterprises inertly pay dividends to investors as well as continuously mobilise capital by issuing a huge number of shares is one of the reasons that has made stock market less attractive over the past time. The question is: who will be responsible for gaining justice for investors, whose dividends payment terms are always extended, and whose issuing bonus shares become "penalty" shares because of price depreciation. A trend of postponing paying dividends, bonus shares The list of companies who delay paying dividends becomes longer and longer, including NHW, CTM, SD3, S64, ALV, HHL and most recently SIC and PHT. The common reason for their delay is "unability of balancing capital resources" or "financial difficulties". Other reason includes difficulties in projects payback (for NSN), bank's restriction in lending, or lack of financial resources to ensure the stable activities of production and businesses (for S74). In particular, the Hoa Binh Automobile Mechanical … [Read more...] about Appropriating Money in Stock Market?
The Vietnamese stock market development is opposite to most expert forecasts. The downward spiral of the market at the end of this year casts doubts over the recovery of the stock market. Price-to-earnings ratio or P/E ratio is reportedly much lower than other markets in the region and likely disorienting the market in early 2016. Narrow-range movements According to Ho Chi Minh City Securities Corporation (HSC), in the second half of 2015, Vietnam's stock market hovered in the narrow range of 510 - 650 points. The main reason was attributed to the narrow gap of money supply and credit growth in 2012- 2014 (up 12 per cent a year), said Fiachra Mac Cana, Executive Manager of Institutional Customers Division, HSC. He explained that money supply in the market is like the "source of energy" fuelled to run the economy. The strength of credit source is illustrated partly by supply money that banks directly finance industrial operations, infrastructure development and real estate. The free … [Read more...] about Stock Market Expects on Foreign Inflows in 2016
Financial experts are worried about the increasing number of violations of stock trading as many brokerages are struggling to keep clients in a slumping market. Fluctuations on the stock market in 2008 led securities firms to offer the financial leverage service, which provided short-time loans to their regular clients only. In 2009, the service became more popular as brokerages put it under a tight supervisory, helping increase the liquidity of the stock market. The bearish market last year saw some securities firms violate the regulations on securities trading in an effort to keep their clients. They authorized their clients to sell or borrow before the regulated T+4 trade settlement. Nguyen Son, head of the Market Development Department, said after a periodic inspection, the State Securities Commission found some securities firms were allowing their customers to sell holdings earlier than the standard settlement time, which is against the Securities Law. Some allowed investors to … [Read more...] about Slumping stock market sees some brokerages break laws
HA NOI (VNS)— The State Securities Commission should consider several changes on the stock market to lure foreign capital, such as applying a T+0 or T+1 settlement period and restructuring companies. The opinion was voiced by the capital market working group on the sidelines of the Viet Nam Business Forum (VBF). Dragon Capital director Dominic Scriven, a representative from the group, said the Vietnamese stock market showed signs of recovery, but the rally could not yet be called sustainable. Foreign investors were interested in the market, but still observing and waiting for more opportunities, he added. Although trading hours were extended until 2.15pm from March last year, it was not the key to boost liquidity. The main issue, according to experts, was shorter time for stocks to come to investors' accounts. In September last year, the settlement period was shortened from T+4 to T+3. However, investors asked for further improvements. One of foreign investors' biggest concerns … [Read more...] about Measures urged to lure foreign investment in stocks