Since issuing corporate bonds has become easy thanks to open regulations, it is necessary to tighten control over bond issuance. According to Saigon Securities Incorporated (SSI), VND129.016 trillion worth of corporate bonds were offered to sell in the first eight months of the year and 90.08 percent was sold. VND22.664 trillion, or 61 percent of bonds, were sold to domestic investors. However, it’s unclear who the ‘domestic investors’ are. Meanwhile, bonds cannot sell to individual investors who don’t have deep knowledge about the market. The analysts blamed the hot corporate bond market on the easy requirements stipulated in Decree 163. Hai Linh Anonymous foreign investor buys entire batch of Phu My Hung bonds Phu My Hung Development Corporation has mobilised VND800 billion ($34.78 million) for real estate projects from a "secret" foreign investor through bond sales. Vietnam’s bond market continues growth Vietnam’s … [Read more...] about Is the corporate bond market too hot?
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At a recruitment interview (Photo: VietnamPlus) Hanoi (VNA) - The Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) will bring benefits in exports and FDI attraction, hence more jobs. The workforce in 2019 is forecast to bode well for both unskilled and skilled labourers. [Vietnamese labourers struggle amid Industrial Revolution 4.0] According to experts, after the lunar New Year holiday, job-seekers will see favourable recruitment demand. Increasing recruitment demand Le Quang Trung, Director of the Department of Employment at the Ministry of Labour, Invalids and Social Affairs, projected Vietnam’s economy will continue its high growth in 2019. The labour market will shift to need less unskilled workers and demand more skilled ones for better quality. In 2019, about 56 million labourers will obtain employment. The number of unskilled workers still accounts for 26.5 percent of the workforce, while that of labourers working in personal services, … [Read more...] about 2019 workforce sees thousands of new jobs added
Rice export revenue suffers from price drop Vietnam exported 5.56 million tonnes of rice and brought home 2.43 billion USD in the first 10 months of 2019, up 6.1 percent in volume but down 9.1 percent in value over the same period last year, according to the Ministry of Agriculture and Rural Development (MARD). The Philippines was the largest market of Vietnamese rice with 35 percent of the market share. The country spent 733.8 million USD to purchase 1.89 million tonnes of rice from Vietnam in the first nine months of this year, 2.9 times higher in volume and 2.6 times in value over the same period last year. According to the ministry, downward rice prices, which sometimes hit the bottom in 12 years, were the major reason behind the fall in rice export revenue in the period. On the average, rice price in the first nine months of this year was 435.6 USD per tonne, a drop of 13.4 percent year on year. According to Tran Cong Thang, head of the Institute of Policy and Strategy for … [Read more...] about VIETNAM BUSINESS NEWS HEADLINES NOVEMBER 21
E-wallet is increasingly popular in the country’s large urban areas. Many e-wallet companies in Vietnam have suffered losses, but they have still received capital from investors who expect to gain a large share in the potential market in the coming time. Despite being listed among the top 10 e-wallets in the market, Momo and ZaloPay were estimated to make losses by the end of last year, with VND1 trillion (US$42.92 million) for Momo and VND177 billion (US$7.59 million) for ZaloPay. E-wallet is increasingly popular in the country’s large urban areas, but only a few wallets have real users and the competition in the market is tough. Pham Thanh Duc, CEO of MoMo, admitted that the market competition is cutthroat and it is not a ‘tidbit’ for fintechs. With the commission of below 1%, e-wallet providers need to attract millions of users and billions of transactions to get the expected profits. E-wallet is not a lucrative field as people thought, Duc said, adding … [Read more...] about Investors keep pouring money into e-wallet despite losses
Canon's new instant cameras will help immortalise moments of happiness – and come in a hip modern style to boot Recently, the Vietnamese camera market suddenly witnessed the impressive return of an old trend that doesn't seem to have lost its shine – the instant camera. This movement has attracted a lot of young people who love photography and want to find a new hobby besides the already familiar product lines. Matching this trend, the famous camera company Canon has officially launched two completely new camera models, called iNSPiC [C] and iNSPiC [P]. The iNSPiC [S] ZV-123A model is available in pearl white, matte black, and rose gold. This classy instant camera printer comes thinner than most compact digital cameras and is a perfect fit for small hands, slipping easily into clutch bags or pockets for a day of fun out in the sun, or a relaxing evening with friends. The ultra-slim profile packs in a powerful 8MP fixed focus camera, so users can shoot and print … [Read more...] about New Canon instant camera can shoot and print while on the move