As many as 85 percent of industrial enterprises in Vietnam still lag behind the fourth Industrial Revolution (Industry 4.0), and only 13 per cent are at the beginner level, one official has warned. Nguyen Duc Thanh, director of the Viet Nam Institute for Economic and Policy Research (VEPR) addresses the Launching Conference of Viet Nam Annual Economic Report 2019 co-organised by VEPR and the Friedrich Naumann Foundation (FNF) Viet Nam in Ha Noi on Wednesday. Nguyen Duc Thanh, director of the Vietnam Institute for Economic and Policy Research (VEPR) was speaking during the Launching Conference of Vietnam’s Annual Economic Report 2019 co-organised by VEPR and the Friedrich Naumann Foundation (FNF) Vietnam in Hanoi on Wednesday. “At present, most Vietnamese enterprises are just standing in front of the threshold of the fourth industrial revolution, not yet really immersed in it,” Thanh said. “It is important to bring Industry 4.0 into real life and … [Read more...] about 85 percent of Vietnam’s enterprises remain outside of Industry 4.0: report
General director of the Ministry of Finance’s Insurance Supervisory Authority Phung Ngoc Khanh speaks at the conference. (Photo mof.gov.vn) Hanoi (VNS/VNA) - Vietnam’s insurance industry maintained positive growth in the first half of this year, with total revenue surging by 24.35 percent year-on-year to nearly 71.15 trillion VND (3 billion USD), the Ministry of Finance’s Insurance Supervisory Authority (ISA) has reported. During the June 27 conference to review the industry’s performance in the first six months of 2019 and implement tasks for the second half of 2019 held in Hanoi, Pham Thu Phuong, ISA’s deputy director, said besides maintaining a high growth rate, the financial status of insurance firms also improved in the period with total assets rising by 19.01 percent to 423.42 trillion VND. “During the period, insurance companies re-invested nearly 342.87 trillion VND into the economy, marking a rise of 26.17 percent year-on-year. They also … [Read more...] about Vietnam’s insurance industry keeps thriving in first half of 2019
Inside the office of Post and Telecommunications Insurance Corp (HNX: PTI).(Photo: VNA) Hanoi (VNS/VNA) - Most insurance stocks have underperformed despite a positive outlook for the Vietnamese insurance sector. Ten insurance companies are trading on the Vietnamese stock market but only Bao Viet (HoSE: BVH) has seen its share price approach 80,000 VND, as its shares ended August 5 at 78,600 VND per share. Meanwhile, another nine stocks closed August 5 at maximum 36,500 VND per share – almost half of Bao Viet’s share price. It is obvious insurance stocks are undervalued on the market despite their gains in earnings, local media reported. In the first six months of 2019, Bao Viet recorded its combined revenue was up slightly from the previous year to 20.9 trillion VND. With a six-month post-tax profit of 670 billion VND, the company also fulfilled 54.6 percent of its post-tax profit for the year. Other insurance businesses such as Post and Telecommunications Insurance … [Read more...] about Insurance stocks fail to attract individual investors
A Phu Nhuận Jewellery store in District 1, HCM City. The company is among the six stocks being traded on the covered warrant market. (Photo: pnj.com.vn) Hanoi (VNS/VNA) - Securities companies participating in the new covered warrant market may find it less attractive to trade covered warrants of large-cap State-owned companies due to their low free-floating ratios. Covered warrants are a new investment tool that allows holders to buy or sell a specific amount of equities, currency or other financial instruments, usually to or from a bank or similar financial institution, at a specified price and time. The underlying assets could also be stocks, commodities or indices. They offer lower investment costs and higher leverage ability than conventional financial products, and are expected to help investors limit losses and make higher profits. A firm's free float ratio is the percentage of outstanding shares that are available for trading on the stock market. The higher a … [Read more...] about State-owned blue chips not right for covered warrants
Brisith Prime Minister Boris Johnson stands with the chief constable of Essex police, Ben-Julian Harrington, and home secretary Priti Patel, after laying flowers during during a visit to Thurrock Council Offices in Grays, Britain on Monday. — AFP/VNA Photo Special report by: Paul Kennedy, Ollie Arci, Vũ Thu Hà and Nguyễn Khánh Vân HÀ NỘI — In the early hours of Saturday morning, just about most of Việt Nam would have been sound asleep. Most that is except for a small group of families who for more than 10 days would have no doubt struggled to rest. Instead, they have all been anxiously waiting to hear if the bodies of those poor souls who died in horrific conditions as they were trafficked into the United Kingdom, were indeed their missing relatives. When the news came, it wasn’t what they wanted to hear. Police in the United Kingdom confirmed they now believe the nationalities of all 39 victims were … [Read more...] about Lorry Tragedy in the United Kingdom – Special Report.