Financial Markets Finance ministry warns of high corporate bond rates The Saigon Times Daily Tuesday, Nov 19, 2019,19:50 (GMT+7) Finance ministry warns of high corporate bond rates The Saigon Times Daily A person holds packets of Vietnamese banknotes. The Ministry of Finance has advised investors not to be lured by the relatively high coupons of corporate bonds - PHOTO: THANH HOA HCMC – The Ministry of Finance on November 19 made recommendations concerning corporate bonds, advising investors to carefully consider purchasing those bonds coming with high coupons, reported Sai Gon Giai Phong newspaper. According to the ministry, a corporate bond is a debt security issued by a corporation, typically backed by the firm’s payment ability. Whether the issuer can repay depends on its financial and business performance, so investors should carefully consider and evaluate possible risks before deciding to buy … [Read more...] about Finance ministry warns of high corporate bond rates
Corporate news
Ethiopian Airlines Boeing crashes killing all 157 on board
A Nairobi-bound Ethiopian Airlines Boeing crashed minutes after takeoff from Addis Ababa Sunday, killing all eight crew and 149 passengers on board, including tourists, business travellers and UN staff. Rescuers search at the scene of an Ethiopian Airlines flight that crashed shortly after takeoff at the scene at Hejere near Bishoftu, or Debre Zeit, some 50 kilometers (31 miles) south of Addis Ababa, in Ethiopia Sunday, March 10, 2019. The Ethiopian Airlines flight crashed shortly after takeoff from Ethiopia's capital on Sunday morning, killing all 157 on board, authorities said, as grieving families rushed to airports in Addis Ababa and the destination, Nairobi. (Yidnek Kirubel) Ethiopia declared a national day of mourning for Monday amid a global stream of condolences for loved ones, many of whom gathered in tears at Nairobi's Jomo Kenyatta International Airport (JKIA). "The House of People’s Representatives have declared March 11, 2019, a national day of mourning for … [Read more...] about Ethiopian Airlines Boeing crashes killing all 157 on board
Software firms are adding more value to products
At at technology exhibition recently held in Ho Chi Minh City (Photo: VNA) HCM City (VNS/VNA) - TMA Solutions, one of the largest software outsourcing companies in Vietnam, has established the TMA Innovation Centre to develop new software products and solutions based on the fourth Industrial Revolution's technologies, said Tran Phuc Hong, the company’s vice president. TMA, which has more than 2,500 engineers, provides software services for customers in 27 countries and territories. It is one of the few software companies in Southeast Asia that has over 300 engineers working on technologies such as artificial intelligence, data science, blockchain, and IoT for customers in the US, Canada, the EU, Japan and Australia in the fields of telecommunications, electronics, cars, e-commerce, healthcare, pharmaceuticals and agriculture, according to Hong. TMA and many other software development businesses in Vietnam not only provide outsourcing services for customers, but also … [Read more...] about Software firms are adding more value to products
As Tet approaches, beer market already fizzing
Customers buy beer at a supermarket in HCM City. (Photo: VNA) HCM City (VNS/VNA) - With over one month to go for the 2019 Lunar New Year (Tet), the beer market is becoming active with supermarkets and retailers starting to make preparations for breweries sales campaigns. A spokesperson for MM Mega Market told Vietnam News that preparations are completed for Tet buying. The wholesaler is striving to keep prices at the same levels as a year ago, he said. Volumes could increase by 5 percent this year with domestic products dominating the market though MM Mega Market would be the sole distributor of some foreign beers in the country, he said. A Lotte spokesperson said the Korean supermarket expects to sell 250,000 cases of beer in the first two months of next year. Prices would remain unchanged except Heineken and Tiger, whose prices have increased since the third quarter, the supermarket said. Some 97-98 percent would be local products, it said. E-commerce … [Read more...] about As Tet approaches, beer market already fizzing
Trump tells Russia ‘to get out’ of Venezuela
US President Donald Trump met with Fabiana Rosales, wife of Venezuelan opposition leader Juan Guaido, and demanded Russia end support for president Nicolas Maduro. (AFP/SAUL LOEB) Russia's deployment of troops and equipment to bolster Maduro has ratcheted up already high international tension in Venezuela where the Trump administration is pushing hard for regime change amid mounting chaos in the once rich country. "Russia has to get out," Trump said at the White House alongside Fabiana Rosales, wife of opposition leader Juan Guaido, who has been recognised by the United States and more than 50 other countries as Venezuela's interim president in place of Maduro. Russian foreign ministry spokeswoman Maria Zakharova dismissed Trump's demand, asking in return why US troops were still in parts of Syria, where the Assad regime relies heavily on Russia support. "He said the United States would withdraw from Syria a month ago," she was quoted as saying by Interfax news agency. "Before … [Read more...] about Trump tells Russia ‘to get out’ of Venezuela
