SSI Securities Corporation's office in Hanoi (Photo: nhadautu.vn) Hanoi (VNS/VNA) - After having declined for four straight weeks, the Vietnamese market may rebound in December as analysts and securities companies expect that cheaper shares will attract hungry investors amid the world’s volatility. The benchmark VN-Index on the Ho Chi Minh Stock Exchange was almost unchanged on December 6 as it gained narrowly by 0.03 percent to end last week at 963.56 points. Vietnam’s benchmark VN-Index lost a total of 6.0 percent in four trading weeks since touching the one-year high of nearly 1,024.91 points on November 6. Before touching that amount, the VN-Index had been boosted by confidence in the possibility of a signed US-China trade truce and strong earnings reports produced by large-cap companies. But after that, the market went into a correction phase with large-cap stocks being hit by increased selling from investors. Among the causes were concerns about … [Read more...] about Vietnam’s stocks expected to head up in December
Vietnam stock investing
Demand for investment capital at the Vietnam Oil and Gas Group (PVN) and its member units for 2018-20 was estimated to reach VND620 trillion (US$26.7 billion), PetroVietnam Securities Inc (PSI) recently announced. Workers at PetroVietnam carry out technical checks. Fitch Ratings last month assigned PVN first-time long-term foreign-currency issuer default rating (IDR) at 'BB' with a positive outlook. According to Bui Huy Long, deputy general director of PetroVietnam Securities Inc, of the VND620 trillion, loans accounted for more than 30 per cent through traditional credit and bond issuances. Urgent projects such as Thai Binh 2 Thermal Power Plant, Long Phu 1 Thermal Power Plant, Block B-O Mon Gas Project, Blue Whale Gas Project and Sao Vang – Dai Nguyet Gas Project, would require $4 billion, Long said. Fitch Ratings last month assigned PVN first-time long-term foreign-currency issuer default rating (IDR) at 'BB' with a positive outlook. This was a positive credit rating … [Read more...] about PetroVietnam in need of investment capital
Tighter regulations are needed to ensure good quality water is sourced for years to come. A PSI project model implemented in Phu Thanh Commune, Nghe An Province is displayed at a conference in Hanoi. VNS Photo That was the message delivered by Nguyen Thi Hong Khanh, from the Ministry of Construction’s Technological Infrastructure Department. She believes a solid legal framework is necessary to make sure there is plenty of water for future generations. “We need a scheme for the Water Supply Law, and submit it to the Government and the National Assembly,” Khanh said. “It is needed to survey and catalogue important sources to have an effective protection, exploitation and use plan.” There are more than 200 water supply enterprises, mainly operating as joint stock companies. The national programme to ensure water supply and prevent water loss in the 2018-25 period has been implemented to promote investment and improve modern and energy-saving water … [Read more...] about A legal framework for water supply essential in Vietnam
The capital resources at the billion-dollar casino project of KN Cam Ranh Regarding the charter capital, according to the project contents in Decision No.2539/QD-UBND of the Khanh Hoa People's Committee, KN Cam Ranh has a charter capital of VND790 billion ($34.35 million, according to the first modified business registration certificate on January 26, 2016). Since then, the company has increased its charter capital five times to VND7 trillion ($304.35 million, according to the 5th change in January 2018). Long Thanh Golf Investment and Trading JSC contributed VND6.3 trillion ($273.9 million – 90 per cent) and Le Van Kiem contributed VND700 billion ($30.43 million – 10 per cent). According to the Ministry of Planning and Investment's evaluation of KN Cam Ranh Co., Ltd.'s financial capacity prior to land allocation, the company has registered to increase capital contribution by other parties from VND780 billion ($33.91 million) of the VND6.95 trillion ($302.39 million) to … [Read more...] about Capital resources at billion-dollar casino project of KN Cam Ranh
Thai groups have invested in many business fields in Vietnam, from goods production to retail. The takeover of Sabeco, the brewer, and Binh Minh Plastics are two of the recent biggest deals made by Thai investors. Sabeco brings big money to Thai billionaire A report released on September 30 showed that Thaibev is holding 53.58 percent of Sabeco’s shares. Sabeco became the major driving force for Thaibev’s growth in the fiscal year commencing in October 2018 and ending in September 2019. The Thai group reported sharp growth rates in revenue (16 percent) and profit (33 percent). Sabeco’s sales increased by 44 percent, making an important contribution to Thaibev’s business performance. If not counting Sabeco’s achievements, the international beer sales will decrease compared with the same period last year because of weakening activities in ASEAN. Binh Minh Plastics prospers Kim Chi Heineken sells 5.2 million Sabeco's stocks Heineken is … [Read more...] about How do enterprises perform after they are bought by Thai firms?