Investors follow stock prices at a local securities firm. The VN-Index of the Hochiminh Stock Exchange dropped 11.65 points to 857.48 today, May 27 – PHOTO: THANH HOA HCMC – Many large-cap stocks came under profit-taking pressure, dragging the VN-Index of the Hochiminh Stock Exchange down today, May 27. … [Read more...] about Profit taking sends stock market down
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Among the worst decliners were Bank for Investment and Development of Vietnam (BID), VPBank (VPB), steel producer Hoa Phat (HPG), real estate firm Vincom Retail (VRE), Vietinbank (CTG) and insurer Bao Viet Holdings (BVH), … [Read more...] about Selling, oil prices take down local stocks
Meanwhile, US Trade Representative Robert Lighthizer warned that the only way for companies to ensure secure access to the US market was to relocate production to the US. As businesses protested that Trump’s trade policies created uncertainty, his response was simple: if they want certainty, bring the plants back to America; if they want the benefits of being a US company and the protection of the country’s legal system, then bring back the jobs. … [Read more...] about Reality check for US in trade tug of war
Tokyo (VNA) - Japanese building product distributor JUTEC Holdings Corporation will team up with a Vietnamese partner to establish a housing services joint venture in Vietnam. The company, in which JUTEC will hold 50 percent, will offer apartment management and operations services following Japanese standards, to bring the best experience possible to foreigners working and living in Vietnam. It will also import modern Japanese construction materials for distribution in the Vietnamese market. The joint venture will cater to demand for apartments for lease, targeting foreign experts, and promote new building materials in Vietnam. Founded in 1923, JUTEC had 778 employees as of April, with capital of 850 million JPY (7.9 million USD). It arrived in Vietnam in 2015 via opening a representative office to study the local market./. … [Read more...] about Japan’s JUTEC Corp. to enter local real estate market
Sendo’s strategy is rural-centric while Tiki targets the urban area. The combination is expected to help the two sides focus on the market more comprehensively, according to local insiders. The merger could also help them to raise more funds in the future. … [Read more...] about Will Vietnamese e-commerce platforms Tiki and Sendo soon merge?