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Viet Nam News Brian Spence* Congratulations! You’re ready to start investing. It might seem like a small step, but years from now you’ll look back and realise how meaningful this moment was to your financial future. This could be the defining decision that helped you achieve your financial dreams. However, dipping your toe into the waters of investing can seem a little daunting at first. Questions of which stocks to buy, how to manage risk and when to sell are likely to be at the front of your mind. But help is at hand. Here, I’ll walk you through the main decision-making processes. When and how do I buy my first stocks? Over the long term, stocks outperform any other asset class, so deciding to invest in the markets is undoubtedly a good decision. But don’t run out and buy stocks straight away – no matter what “hot tip” has come your way. Before selecting your first investment, you must complete the following financial steps. Attending … [Read more...] about How to pop your cherry in Việt Nam’s stock market
Cherry point yard sales
Former senior HCMC official arrested for public land sale violations
The Ministry of Public Security has pressed charges against Tai, Vice Chairman of the city between 2011 and 2015, saying he violating banking regulations as well as regulations on managing and using state property, causing loss and waste. Three other officials are also facing the same charges: Nguyen Hoai Nam, former secretary of District 2’s Party unit; Dao Anh Kiet, former director of the city’s department of natural resources and environment; and Truong Van Ut, former deputy head of the land, natural resources and environment office under the department. In May, government inspectors concluded that Tai, 66, holds the main responsibility for the city’s decision to lease out a land lot at 8-12 Le Duan Street in District 1 without organizing any auction, causing million-dollar losses to the state budget. The land lot of nearly 6,000 square yards on Le Duan Street in District 1, Ho Chi Minh City. Photo by VnExpress/Nhu Quynh The land lot of nearly 5,000 … [Read more...] about Former senior HCMC official arrested for public land sale violations
Sales of prepared food sales increase, convenience store chains expand
VietNamNet Bridge - Consumers are spending more money on food and drinks, especially prepared foods, including dairy products, instant noodles and sausages. According to Vietnam Report, the consumption index of food processing and beverage sectors in the first nine months of 2018 increased by 8.1 percent and 10.2 percent, respectively, compared with the same period last year. The spending on food & beverage (F&B) accounts for the highest proportion in Vietnamese families’ expenses, about 35 percent. Meanwhile, BMI predicted that the F&B sector’s growth rate will be higher in 2016-2019. Vietnam may end up in the third position in Asia. In HCMC, food processing in the first 10 months of 2018 grew by 8.7 percent, while it increased by 5.7 percent in the same period last year. Beverage production increased by 4.6 percent against 2.6 percent. The growth rates were high enough to encourage enterprises to scale up production. According to the HCMC Industry … [Read more...] about Sales of prepared food sales increase, convenience store chains expand
Tuyen Quang model promotes sale of Vietnamese goods
(VEN) - The model of Vietnamese goods points of sales established in the northern mountainous province of Tuyen Quang has proven efficient. Booming sales In 2015, Tuyen Quang Province adopted a plan to establish a point of sales pilot model labeled “Proud of Vietnamese Goods”. The model has proven efficient in selected areas of the northeastern province where demand for Vietnamese goods is high, such as mountainous and remote areas. Vietnamese goods point of sales in Na Hang District, for example, have resulted in great changes in trade in this area. The Vietnamese goods point of sales set up in 2016 have drawn local residents to Nguyen Huu Vinh’s store to buy essential consumer goods, such as milk, processed food (shrimp noodles, snacks, rice cake, cooking oil and spices), and cosmetics. Distributors have come to the store asking to display their Vietnamese products on the shelves provided as part of the program. The store has become one of the most successful … [Read more...] about Tuyen Quang model promotes sale of Vietnamese goods
ZaloPay targets 1,000 points of sale
ZaloPay targets 1,000 points of sale Hanoi (VNA) - ZaloPay e-wallet, developed by VNG Corportion, aims to open about 1,000 new points of sale in 2018, according to Phan Thanh Thao, business development director of Zalo Pay. Run by ZION Company Limited, a member of the Vietnam Banking Association, ZaloPay enables electronic payment for bills such as electricity, water, internet and TV as well as money transfer via QR code and connection with bank accounts for cash withdrawals or recharge. To date, ZaloPay is accepted at many retail chains such as The Gioi Di Dong, FPT Shop, Vien Thong A, Nguyen Kim, Circle K, Family Mart, 7 Eleven, B’s Mart, Lotte Cinema, Galaxy Cinema, BHD Cinema, Viettravel and Tiki. Thao said that ZaloPay aims to become a popular e-wallet accepted by e-commerce websites, shopping centres and even small retailers. During Tet (Lunar New Year) holiday, ZaloPay is implementing a service to send lucky money among users. Pham Thong, marketing director of … [Read more...] about ZaloPay targets 1,000 points of sale
Cherry blossom in demand in Hanoi
Many people in Hanoi are flocking to the streets buying branches of cherry blossom to decorate their house for the last full moon of the Year of the Rooster. The price for each branch ranges from VND40,000 (US$1.76) to VND150,000 ($6.62). Nguyen Van Hau, 30, a salesman at the Quang Ba flower market in Hanoi, says that the demand for cherry blossom branches is increasing as the last full moon of the final lunar year and Tet (Lunar New Year) are approaching. Florists in Nhat Tan Ward usually cut out the most beautiful branches and put them on sale during this time of the year. A cherry blossom in Nhat Tan flower garden. Photo: Tuoi Tre “These cherry blossom branches will be used as decoration for houses before and during Tet. Each of them usually costs around VND40,000-150,000. We started selling them [3 days ago], with 40 branches sold every day,” Hau says. People go shopping for the most beautiful branches early in the morning. Photo: Tuoi Tre Van, a … [Read more...] about Cherry blossom in demand in Hanoi
Regulations on purchase and sale of power
Question: What are the key points as stipulated in Circular 16?Answer: Power of Viet Nam Group (EVN) has a monopoly over power purchase Circular 16 stipulates that the Power Buyer must be the Power of Viet Nam Group or its authorized member unit and the Power Seller is an organization or individual licensed to conduct power related activities in the area of power generation from grid connected solar power plants; organizations and individuals that develop rooftop solar power projects and sell surplus power to the Buyer.Requirements for grid connected solar power projects and rooftop solar power projects Pursuant to Circular 16, grid connected solar power projects and rooftop solar power projects with the scale of a capacity equal to or greater than 01 (one) MW must be licensed for power related activities and comply with Circular No.12/2017/TT-BCT dated July 31, 2017 of the Ministry of Industry and Trade.For grid connected solar power projects, the Investors are only eligible to … [Read more...] about Regulations on purchase and sale of power
Low automobile sales in 2017
The Vietnamese automobile market witnessed an unsuccessful 2017 as the total sales was lower than in 2016 and failed to reach the desired growth rate.The Vietnam Automobile Manufacturers’ Association (VAMA) had predicted that total sales of the automobile market in 2017 would grow by at least 10 per cent compared to 2016. However, according to a VAMA report, some 272,750 units were sold in 2017, reducing by 10 per cent year on year.The market saw a decrease in sales in all types of cars, in which the volume of passenger cars was down 15 per cent, commercial cars two per cent and special-purpose vehicles 12 per cent. Of the total sales last year, 164,960 cars were locally assembled and 77,790 cars were imported, decreasing 19 per cent and increasing 9 per cent, respectively, compared to 2016.Auto price standstillAccording to market insiders, the poor sales in 2017 was due to people’s psychology of waiting for an auto price cut with the import tax rate of cars from ASEAN … [Read more...] about Low automobile sales in 2017
Low-cost car sale sees sharp increase
Sales of low-cost cars are up sharply as the motorbike market reaches saturation point. More and more people can afford to buy cars The Ministry of Industry and Trade said motorbike sales reached 2.1 million in the first nine months of the year, down 11.3% on a year earlier, with car sales at 138,800, up 55.3% year-on-year. Motorbike dealers say sales have declined to January 2012 levels. The Vietnam Association of Motorcycle Manufacturers (VAMM) said the market is reaching saturation point, with 43 million motorbikes on the road in 2014. More and more people can afford to buy cars and more manufacturers are rolling out low-cost cars. The Vietnam Automobile Manufacturers' Association (VAMA) said sales of low-cost cars will increase, especially in 2016 as the economy maintains its recovery track and affluence grows. Vietnam is trying to build a domestic auto industry by increasing the special consumption tax on imported cars, and low-cost cars with smaller engines attract … [Read more...] about Low-cost car sale sees sharp increase
Dow hits 25,000 points for first time on US hiring data
US stocks opened 2018 in full-throttle bull market mode, bidding stocks up and continuing the succession of records seen last year, especially following the massive tax cut that President Donald Trump signed into law just before Christmas.The blue-chip index hit the landmark within minutes of the opening bell and pushed higher from there before leveling off. Near 1645 GMT, the Dow Jones Industrial Average stood at 25,045.86 up 0.5 per cent from Wednesday's close.The broad-based S&P 500 rose 0.4 per cent to 2,722.80, while the tech-rich Nasdaq Composite Index advanced 0.2 per cent to 7,076.54, both adding to Wednesday's records.Adding to the optimism about tax reform was the better-than-expected economic data, after payroll firm ADP reported that private employers added 250,000 jobs last month, well above the 190,000 that had been expected by analysts.The data come ahead of the more closely scrutinized government jobs report on Friday.Analysts said strong international economic … [Read more...] about Dow hits 25,000 points for first time on US hiring data