SSI Securities Corporation gets an unsecured loan worth US$100 million from some of Taiwanese leading banks. Photo courtesy of SSI Last week, SSI Securities Corporation – Vietnam’s largest brokerage – inked a $100 million credit facility agreement with a consortium of leading Taiwanese financial institutions, including Union Bank of Taiwan, Taipei Fubon Commercial Bank, Bank of Taiwan, Taiwan Shin Kong Commercial Bank, and Hua Nan Commercial Bank, among other institutions. The 12-month unsecured syndicated loan package, with preferential rates, is slated to be disbursed in two different phases. Particularly, Union Bank of Taiwan and Taipei Fubon Commercial Bank are the mandated lead arrangers and bookrunners of the deal. Last December, SSI broke fresh ground when the brokerage signed a mortgage loan agreement of $85 million with a group of nine foreign banks, led by Taipei-headquartered Union Bank of Taiwan. Previously in 2019, SSI also wrapped up a $55 million loan from a … [Read more...] about Foreign lenders offer up new capacities in Vietnam
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Financiers feel the buzz for nation’s stock market future
VIR’s webinar last week pored over the status of the country’s stock market, and the prospects towards 2022 The year 2020 and the first half of 2021 were fraught with challenges as the pandemic put a damper on global markets and while shaken in the short term, Vietnam’s secular growth prospects remain solid in the eyes of international financiers. Le Anh Tuan, deputy CIO and head of Research at Dragon Capital said foreign investors are currently keener on passive investment strategies, particularly in the context of foreign ownership limits at listed companies. “Passive funds, including exchange-traded funds (ETFs), have generated a lot of buzz recently. ETFs are often a cheaper and more efficient alternative to other investment funds despite high volatility,” Tuan said. In the past eight months, foreign net withdrawal has exerted pressure on the whole market. Pham Hong Son, vice chairman of the State Securities Commission (SSC) said at VIR’s webinar on stock market … [Read more...] about Financiers feel the buzz for nation’s stock market future
HCM City: enterprises donate medical supplies, equipment serving COVID-19 treatment
The Phu Long Real Estate JSC presents five high-performance ventilators MV2000 EVO5 worth 2.5 billion VND (108,755 USD) to An Binh COVID-19 treatment hospital (Photo: VNA) HCM City (VNA) – The Vietnam Fatherland Front Committee of Ho Chi Minh City on August 2 handed over medical supplies and equipment donated by enterprise s to local hospitals and medical centres to support the city’s COVID-19 prevention and control. The Phu Long Real Estate JSC presented five high-performance ventilators MV2000 EVO5 worth 2.5 billion VND (108,755 USD) to An Binh COVID-19 treatment hospital, and donated 1.7 billion VND (74,000 USD) to the city’s Oriental Medicine Association. Since the fourth wave of COVID-19 hitting the country in late April, the Phu Long JSC and member companies of the SOVICO Group have donated hundreds of billions of Vietnamese dong to the national vaccine fund, and COVID-19 prevention and control activities in Hanoi, HCM City, Hai Duong, Bac Giang, Lang Son, and … [Read more...] about HCM City: enterprises donate medical supplies, equipment serving COVID-19 treatment
