The Hanoitimes - A network of more than 160 ports throughout the country – with main gateways at Ho Chi Minh City, Hai Phong and Da Nang – have annual capacity of more than 11 million TEU. Demand for e-logistics in Vietnam projected to boom Logistics remain key for Vietnam's sustainable development: CIEM Vietnam’s high logistics costs is against global trend: Deputy PM Logistics is new growth engine for Vietnam's sustainable development: experts Vietnam ranked above Thailand to join the top 10 markets in Transport Intelligence’s 2019 Agility Emerging Markets Logistics Index, which evaluates the overall competitiveness of 50 emerging markets based on logistics strength. Source: Transport Intelligence. China claimed the top spot of the index, followed by India and UAE, Indonesia, Malaysia, Saudi Arabia, Mexico, Qatar, Turkey and Vietnam. In Southeast Asia, Vietnam ranked third, behind Indonesia and Malaysia, and stood above Thailand at … [Read more...] about Vietnam featured in world’s top 10 emerging markets logistics
Spinnaker global emerging markets fund
Over $1.2 billion to flow to VN stock market after upgrading to secondary emerging market
Over $1.2 billion to flow to VN stock market after upgrading to secondary emerging market VietNamNet Bridge - Analysts believe that at least $1.2 billion will flow into the market after the upgrading of the country’s status. At least $1.2 billion will flow into the market According to Bao Viet Securities’ (BVSC) analysts, 28 ETF funds are making passive investments based on FTSE Emerging Markets indexes, with total capitalization value of up to $76.4 billion. BVSC predicted that if Vietnam is upgraded by FTSE to secondary emerging market by March 2020, after the amended Securities Law is ratified by the National Assembly, at least $375.34 million worth of passive investments will be injected into the market from ETF once ETF restructures its portfolios after March 2020. There are four criteria to satisfy listing in FTSE Emerging Markets Index, namely capitalization value, liquidity, foreign ownership ratio and transferable stock ratio. RELATED NEWS … [Read more...] about Over $1.2 billion to flow to VN stock market after upgrading to secondary emerging market
Trump plans ’emergency’ to fund wall as Congress moves to avert shutdown
Viet Nam News WASHINGTON — President Donald Trump plans to declare a national emergency to fund his controversial border wall, the White House said on Thursday, a move that alarmed US lawmakers shortly before they passed legislation to avert a government shutdown. Trump has signaled he will sign the massive spending measure keeping federal agencies operational through September 30. But it does not specifically fund a wall on the US-Mexico border, and Trump’s emergency declaration would help him bypass Congress to locate and redirect billions of dollars in funding to build it. Trump will take the action "to ensure we stop the national security and humanitarian crisis at the border", White House Press Secretary Sarah Sanders said shortly before the Senate passed the spending bill. The House of Representatives followed suit hours later, and Trump has until a midnight Friday deadline to sign it and prevent the government from … [Read more...] about Trump plans ’emergency’ to fund wall as Congress moves to avert shutdown
VN looks to achieve emerging market status
Viet Nam News HÀ NỘI — Viet Nam’s securities market has plenty of opportunities to be promoted from a frontier market to an emerging market this year. In June last year, Việt Nam’s equity market failed to be added to Morgan Stanley Capital International’s (MSCI) watch list – the US independent provider of research-driven insights and tools for institutional investors, for classification review for a possible lift from a frontier market to an emerging one. However, according to the latest report released by the State Securities Commission (SSC), Việt Nam almost meets MSCI’s quantitative requirements to be added onto its watch list for a possible future upwards reclassification. The country has seven stocks that have satisfied MSCI’s quantitative requirements in terms of market size and liquidity. Việt Nam has 22 stocks that meet MSCI’s requirement in capitalisation of US$1.59 billion, including the Asia … [Read more...] about VN looks to achieve emerging market status
IMF cuts world economic growth forecasts as import tariffs, emerging market issues bite
IMF cuts world economic growth forecasts as import tariffs, emerging market issues biteThe Saigon Times Daily A cargo ship is seen behind containers at an automated container terminal in Qingdao port, Shandong province, China October 1, 2018 – PHOTO: REUTERS NUSA DUA (REUTERS) - The International Monetary Fund on Tuesday cut its global economic growth forecasts for 2018 and 2019, saying that trade policy tensions and the imposition of import tariffs were taking a toll on commerce while emerging markets struggle with tighter financial conditions and capital outflows. The new forecasts, released on the Indonesian resort island of Bali where the IMF and World Bank annual meetings are getting underway, show that a burst of strong growth, fueled partly by U.S. tax cuts and rising demand for imports, was starting to wane. The IMF said in an update to its World Economic Outlook it was now predicting 3.7% global growth in both 2018 and 2019, down from its July forecast of 3.9% … [Read more...] about IMF cuts world economic growth forecasts as import tariffs, emerging market issues bite