According to a Russian newspaper, of the "Asian Tigers", Vietnam is attracting attention as a typical participates in the process of international economic integration while keeping steady growth throughout crisis period. Last week, Vietnam has successfully issued a billion dollars of government bonds to the international market with low interest rates than expected.More than 400 investors subscribed for a total value of more than 10 times the amount offered. According to Finance Asia , bond sell-Vietnam is considered one of the most successful auction debt markets in Asia. Representatives of the Ministry of Finance said that the economic situation in the country should stabilize the previous government was expected to issue. In addition, the many international organizations improve confidence limits and the positive assessment of the investors in the offering sessions took place last October, the results are not unexpected. Rajeev De Mello in asset management firm Schroder … [Read more...] about Vietnam’s economy through the perspective of the world press
Vietnam stock market overview
Overview of the 2014’s top 50 effective businesses
VietNamNet Bridge - The list of Vietnam's 50 most effective businesses for 2014 is now out, and perhaps its most outstanding revelation is the decline in the number of state-owned enterprises in its ranks. Top 50 most effective businesses' profits up despite economic downturn 113 businesses shortlisted for ranking There are 660 businesses listedin the Vietnamese stock market, with chartered capital spanning a wide range: VND10 billion to VND54 trillion. Nhip Cau Dau Tu Journal and Thien Viet Securities Company, which have jointly conducted the annual rankings since 2012, apply three criteria when shortlisting the listed companies. First, a minimum market capitalization of VND500 billion; second, annual revenue of at least VND200 billion over the past three years; and third, post-tax annual profits of over VND20 billion over the same period. The good news is that 113 companies met the requirements for the shortlist this year, ten more than last year. However, 40 companies, though … [Read more...] about Overview of the 2014’s top 50 effective businesses
Vietnamese businesses to list at Singapore Stock Exchange
The Vietnamese Ministry of Finance and the Monetary Authority of Singapore (MAS) will coordinate to help local businesses list at the S ingapore Stock Exchange in 2007. The two-phase program, which is scheduled to kick off in early April, is under the framework of the Vietnam-Singapore Economies' Linkage Agreement. Accordingly, the first phase will be carried out in early April by two conferences in Hanoi and Ho Chi Minh City to introduce basic information on listing procedures and requirements at international stock exchanges. The conferences will help Vietnamese businesses meet some Singaporean strategic investors to gradually expand their relationship, as well as assist trading and production activities. Local businesses will get information about the Singapore Stock Exchange including listing requirements, enterprise reform for international listing activities, principles for international auditing and accounting and valuation methods. Moreover, the conferences will also provide … [Read more...] about Vietnamese businesses to list at Singapore Stock Exchange
US hosts capital markets and investor education program
CPV: In Hanoi, on July 3, the US Agency for International Development sponsored a workshop to provide an overview of capital market development and regulation, as well as sessions on how to educate and protect investors in an emerging market. The workshop, entitled "Vietnam capital market development and investor education," attracted senior government officials, market regulators, representatives of listed companies and investors. Training conducted by Roel Refran, general counsel of the Philippines Stock Exchange, and Gerri Walsh and William Harter, of the National Association of Securities Dealers in the US. "The US is an enthusiastic partner supporting trade and investment in Vietnam," said Dennis Zvinakis, USAID Vietnam Country Representative. "We strongly support Vietnam's drive to become the next internationally competitive Asian Tiger, and we share a commitment to the development and liberalization of Vietnam's financial and capital markets." Capital markets development is an … [Read more...] about US hosts capital markets and investor education program
French consultant opens info day of Vietnam business
PriceWatersHouseCoopers (PWC), a France-based finance and market consultant, has opened the "Vietnam Day" in Paris bringing together French businesses in various industries who share the same interest of investing in Vietnam. The seminar on November 18 was co-organised by PWC and the Vietnamese Embassy in France, attracting well-known groups that have operations worldwide, including Electricity of France (EDF), the French National Railway Company (SNCF), ESI Groupe, Movement of the French Enterprises (Medef International) and members of Vietnam's diplomatic mission in France. PWC specialists, who belong to a Vietnam trade promotion group - Group Business Vietnam - presented the legal framework regarding investment and doing business in the country. PWC executives brought to the ocassion an overview of the economic situation and business opportunities as well as challenges in Vietnam. They underpinned that there are high potentials for foreign enterprises in the Southast Asian country, … [Read more...] about French consultant opens info day of Vietnam business