Photo: Viet Tuan Xiaomi took over third place from Huawei in Vietnam’s smartphone market in the second quarter of this year, behind the two major brands of Samsung and OPPO, according to the latest report from IDC Indochina. The Chinese smartphone brand held third position with a 9 per cent market share, partly thanks to huge volumes of Redmi Note 7 being sold at low-segment prices. Samsung led in terms of volume in the quarter, with a market share of 38 per cent, followed by OPPO with 25 per cent. The South Korean giant also led the global market in the same period, according to foreign market researchers Strategy Analytics and Counterpoint, though sales revenue globally fell 3 per cent against the second quarter of 2018. There were 3.8 million smartphones sold in Vietnam in the second quarter, an increase of 6.8 per cent quarter-on-quarter. Mr. Vo Le Tam Thanh, a local analyst at IDC Indochina, told VET that average prices excluding VAT stood at $206. There were … [Read more...] about Samsung, OPPO & Xiaomi led smartphone market in Q2
U s market economy
This expansion was due mainly to a 4% on-quarter growth in government bonds to US$51 billion as the central bank increased issuance of bills. Vietnam’s bond market registered growth of 3.4% on-quarter and 1.9% on-year to US$55.1 billion as of the end-September, according to the latest edition of the Asian Development Bank’s (ADB) Asia Bond Monitor. This expansion was due mainly to a 4% on-quarter growth in government bonds to US$51 billion as the State Bank of Vietnam (SBV), the country’s central bank, increased issuance of central bank bills. The overall expansion of the country’s local currency bond market was slightly tempered by a 2.8% contraction on-quarter in the corporate bond market to US$5 billion. Nevertheless, the corporate bond market still posted growth of 4.2% year-on-year. Yield movement Vietnam’s local currency government bond yield curve shifted downward between August 31 and October 15. Bond yields for … [Read more...] about Vietnam’s bond market grows 1.9% in Jan-Sep, reaching US$55 billion
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?
The price of sugar has continued upward causing a chaos in the sugarcane market with most factories having to suspend their work due to the lack of raw materials. But farmers are determined to wait for higher prices, they say. According to Nguyen Thanh Long, General Manager of the Can Tho Sugar Joint Stock Company, sugar at new record prices of between VND9,000 and 10,000 a kilo has pushed sugarcane’s price up to VND450,000-500,000 a kilo. Mr. Long also said this year is quite different from last when sugarcane faced the huge slippages in prices and farmers had to sell at the lowest price. Recently, two sugar factories in Hau Giang Province, namely Phung Hiep and Vi Thanh, underwent two production suspensions. The Soc Trang Sugar and Sugar Cane Company suffered similarly and other companies in the Mekong Delta face the same problem. Some of guessed the reason is not due only to lack of raw materials but also higher prices. However, some experts predict sugar’s price will … [Read more...] about Chaos in the domestic sugarcane and sugar markets
Visitors at a conference to seek providers for supporting industries held by the HCM City Department of Industry and Trade on September 11. VNS File Phto/Viet Nam hoinhap Magazine. Representatives of local firms said at a recent conference on the supporting industry held in HCM City that their companies had joined global supply chains and were seeking opportunities to expand their overseas markets. The conference was held to provide opportunities for local and foreign firms to look for manufacturers of components for products in the fields of electronics, automation, motorbikes, automobiles, and health care. Nguyen Kim Chai from Hanel Vietnam said his company had supplied products to the Japanese market for more than 20 years. The products include components and spare parts for electrical transformers, household electronic equipment, automobiles and telephones. To act as a supplier for … [Read more...] about More local firms join global supply chains