Investment decision and financing decision

In its letter sent to the Chairman of the municipal People’s Committee and the city’s Management Authority for Urban Railways (MAUR), KEXIM said it will soon provide funding for the update of the project’s pre-feasibility study, which covers technical, financial, and legal aspects, according to the MAUR. The bank noted that members of the research group and participating investors have experience in building and operating urban railway routes, including Metro Line No. 9 of the RoK’s Seoul capital, in the PPP format. The MAUR said it had a working session on January 19 with some investors and consultancies from the RoK to discuss the study and related orientations for the project. The Korean side, including KEXIM and some businesses and consultancies, presented the plan to update the pre-feasibility study, whose final version is expected to be submitted by the end of 2021. The pre-feasibility study for Phase 2 of Metro Line No. 5 was previously financed by the Korea … [Read more...] about HCMC: Korean bank proposes investment study for Metro Line No. 5

The track of Metro Line No. 1, from Ben Thanh Market to Suoi Tien Theme Park, in HCM City (Photo: VNA) HCM City (VNA) – The Export-Import Bank of the Republic of Korea (KEXIM) has asked Ho Chi Minh City ’s authorities for permission to conduct an investment study for Phase 2 of Metro Line No. 5 , set to be carried out in the public-private partnership (PPP) format. In its letter sent to the Chairman of the municipal People’s Committee and the city’s Management Authority for Urban Railways (MAUR), KEXIM said it will soon provide funding for the update of the project’s pre-feasibility study, which covers technical, financial, and legal aspects, according to the MAUR. The bank noted that members of the research group and participating investors have experience in building and operating urban railway routes, including Metro Line No. 9 of the RoK’s Seoul capital, in the PPP format. The MAUR said it had a working session on January 19 with some investors and consultancies … [Read more...] about HCM City: Korean bank proposes investment study for Metro Line No. 5

The Hanoitimes - While debt-to-equity swap may pose risks to the economy, this practice is actually an efficient channel for enterprises to mobilize capital, Lawyer Ha Huy Phong, CEO of Inteco law firm told Hanoitimes in an interview. Lawyer Ha Huy Phong, CEO of Inteco law firm. Do current regulations in Vietnam allow the debt for equity swap? A debt capital market does not only issue credit or transfer debts between qualified financial institutions, but also has other functions, including the debt for equity swap. Therefore, such practice is considered as part of corporate finance and subject to specialized regulations and laws in this field. As stipulated in economic or services contracts, enterprises are obliged to repay debts for their lenders or providers. However, in case the contract stipulates that the parties can swap the debt amount into investment capital, such move is not forbidden by the law. In other words, there is no regulation that ban … [Read more...] about Vietnam business law should be more open to debt for equity swap

The Hanoitimes - As of November 10, the disbursed amount of public funds in Hanoi stood at VND22.35 trillion (US$965.35 million), or 57.5% of the target set by the government. The fulfillment of the disbursement target of public funds in Hanoi, which accounts for 10% of total public investment in Vietnam, would help ensure the realization of the country’s disbursement target, seen as a key solution to boost economic recovery amid the Covid-19 pandemic. Hanoi has set up six task forces specialized in accelerating the disbursement of public funds. Photo: Hai Linh. As of November 10, the disbursed amount of public funds in Hanoi stood at VND22.35 trillion (US$965.35 million), meeting 57.5% of the target set by the government. To further accelerate the disbursement progress in the remaining months of the year, Hanoi has set up six task forces specialized in this regard. For the public investment plan in 2021, Director of Hanoi’s Department of Planning and … [Read more...] about Hanoi pushes for disbursement of public funds

The Hanoitimes - Investment funds unexpectedly divested capital from Vietnam’s stock market in October. However, the local securities market is still expected to rally in November and the last quarter, driven by strong growth of large-cap stocks. According to Saigon Securities Inc (SSI), Vietnam’s stock market performed well in October with the support of the information it could become the market with the highest proportion in the MSCI Frontier Market 100 Index, up from current 12.53% to 28.76%. Large caps drove the market up. Photo: Tran Quynh. October is also the time the positive business results of the third quarter would be reflected in the share prices. The benchmark VN-Index closed October up 2.24% at 925.47 points, marking the third consecutive month of gains. The HCM City’s index was 3.7% lower than the 2019 year-end but has recovered 40.3% from the low level of 659.21 points seen on March 24 2020. Large caps drove the market up. The VN30 … [Read more...] about Large-cap stocks to boost Vietnam’s stock market by year-end