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?
U s markets open
Local enterprises require experienced workers to ensure their business operation and production development.(Photo: VNA) HCM City (VNA) – Ho Chi Minh City-based companies will need to fill some 20,000 job vacancies in June, the city’s Centre for Forecasting Manpower Needs and Labour Market Information (FALMI) said. Although the number of job openings is lower than May, employers need more skilled workers, which account for 72.05 percent of the total demand. Most of the vacancies are in the city’s four key industrial sectors and nine service sectors such as engineering-automation, garment- leather shoes, transport-warehouse-import-export and electricity-refrigeration- industrial electricity. FALMI Director Tran Thi Anh Dao said that local enterprises require experienced workers to ensure their business operation and production development. As for the job seekers, they tend to find jobs in IT, architecture-construction, accounting-auditing, sales, … [Read more...] about 20,000 job vacancies available in HCM City market
A series of expos showcasing technologies, solutions and trends meant to upgrade the entire textile and footwear production chain opened the Saigon Exhibition and Convention Centre (SECC) on November 20. Delegates cut the ribbons to kick off the expos. (Photo: VNA) They include Vietnam International Textile and Garment Industry Exhibition, Vietnam International Textile and Apparel Accessories Exhibition, Vietnam International Dyeing and Chemical Industry Exhibition, and Vietnam International Footwear Machinery and Material Industry Exhibition. The exhibitions featured about 800 booths set up by 530 exhibitors from 17 countries and territories. On display are high-performance automatic textile production machinery along and high-quality yarns, fabrics, filaments, dyes and specialty chemicals. The expos will also feature several seminars with experts from Vietnam and other countries sharing the latest information about the industry and offering market forecasts and … [Read more...] about International textile and garment industry exhibitions open in Ho Chi Minh City
According to the Agro Processing and Market Development Authority under the Ministry of Agriculture and Rural Development, Vietnam’s rice exports to China are declining in both volume and value. In the first eight months of the year, this figure reached 347,520 tonnes for US$173.74 million, a drop of 67.8 percent in volume and 67.2 percent in value compared to a year ago. Bui Thi Thanh Tam, general director of the VinaFoods 1 Corporation, attributed the decline to China’s strengthening of quality control and food safety inspections. The Philippines is also mulling the use of more non-tariff measures, such as stringent sanitary and phytosanitary (SPS) requirements, to regulate the entry of imported rice. According to Bui Thi Thanh Tam, Vietnam is likely to complete the rice export plan this year despite these challenges, but the rice industry needs to pay more attention to quality. Some experts say that new market opportunities are opening up for Vietnam’s rice … [Read more...] about New market opportunities open up for Vietnam’s rice exports
Lo Cuong rice noodles. (Photo: VOV) Rice noodle makers in Lo Cuong begin a new, busy day at 4 a.m. The village is echoed with the sound of flour mills, rice sheet dryers and cutting machines as villagers talk and laugh loudly, and walk with rapid steps. Rice is soaked 2 hours before it’s milled into soft flour which will then be steamed by a machine. The final step is to dry the rice sheets on bamboo wattles. After being dried, the rice sheets are taken down and cut into small strings. Pham Thi Trien’s family is one of the households in Lo Cuong hamlet A to produce rice noodles by a closed assembly line. With a closed system ranging from flour mills to rice sheet dryers and a 17-shelf drying machine, Trien’s facility regularly produces up to 3 tons of rice noodles. “In the past, all production steps were done manually. Two years ago, we began to use the closed production line. Traders come directly to my house to receive the products which will then be … [Read more...] about Lo Cuong rice noodle village thrives despite urbanization