The Business Times: VN-Index continues hot streak

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• VN-Index continues hot streak
• Statistics show decline in FDI
• Samsung to pour billions of dollars in Vietnam
• Export processing zones oppose decree on branch locations
• Local banks struggling to find foreign partners
• The Gioi Di Dong files for public offering
• Vietnamese banks eye East Asian partners
• Foreign Exchange Market Tends to Oversupply: SBV
• HCMC: Credit Estimated To Grow 1.27% in 5 Months
• Viet Nam, US trade to reach $33.6b

VN-Index continues hot streak Posted: 29 May 2014 06:44 PM PDT Shares on the HCM City Stock Exchange continued to advance for a fourth straight day, sending the market benchmark VN-Index to a three-week high. Blue-chip stocks such as GAS, MSN and STB continued to prop up the markets. The VN-Index added 0.2 per cent to end at 558.45 yesterday. The market breadth was negative on […] The post VN-Index continues hot streak appeared first on Vietnam Business News.

Statistics show decline in FDI Posted: 29 May 2014 06:42 PM PDT Some 500 foreign projects with a total registered capital of US$3.67 billion have been licensed so far this year, a 17 per cent decline in investment year-on-year, according to the National Statistics Office. But Minister for Planning and Investment Bui Quang Vinh said it was not a big concern since in the first five months […] The post Statistics show decline in FDI appeared first on Vietnam Business News.

Samsung to pour billions of dollars in Vietnam Posted: 29 May 2014 06:25 PM PDT The Republic of Korea (RoK) Samsung Group is committed to pumping billions of dollars into the construction of large-scale thermal power plants, shipyards, airports and petrochemical plants in Vietnam. CEO Shin Kim accentuated the Vietnam Government's support and commitment to improving the attractiveness of the country's investment environment.The statement was made by CEO Shin Kim […] The post Samsung to pour billions of dollars in Vietnam appeared first on Vietnam Business News.

Export processing zones oppose decree on branch locations Posted: 29 May 2014 06:25 PM PDT Export processing zones (EPZs) in Ho Chi Minh City oppose a new decree that requires companies to locate branches outside the zones, saying it is unnecessary and inconvenient. Under the newly released Decree 164 by the city's People's Committee, the companies in EPZs must set up branches outside the zones if they want to conduct […] The post Export processing zones oppose decree on branch locations appeared first on Vietnam Business News.

Local banks struggling to find foreign partners Posted: 29 May 2014 06:22 PM PDT It appears that many foreign players are mulling alternatives to joining with local partners to bolster efficiency when it comes to mergers and acquisitions in the banking sector. The most recent development was a rumour that HSBC is looking to divest from its 20 per cent stake in Techcombank when the technical agreement between the […] The post Local banks struggling to find foreign partners appeared first on Vietnam Business News.

The Gioi Di Dong files for public offering Posted: 29 May 2014 03:43 PM PDT HCM City Exchange on Tuesday announced to receive the document filed for the initial public offerings of the The Gioi Di Dong (Mobile World Investment Corporation; MWI Corp). Accordingly, MWI Corp will have a charter capital of VND627.23 billion or US$29.8 million and has filed to list more than 62.723 million shares on the southern […] The post The Gioi Di Dong files for public offering appeared first on Vietnam Business News.

Vietnamese banks eye East Asian partners Posted: 29 May 2014 02:20 PM PDT Of the foreign financial groups expressing their wish to become shareholders of Vietnamese banks, the Japanese have proven to be the best candidates. Previously, Vietnamese banks were inclined to seek strategic shareholders among investors from the US and Europe, who had experience, modern technology and powerful financial capability. However, analysts say, Vietnamese bankers have changed […] The post Vietnamese banks eye East Asian partners appeared first on Vietnam Business News.

Foreign Exchange Market Tends to Oversupply: SBV Posted: 29 May 2014 12:31 PM PDT According to the State Bank of Vietnam (SBV), foreign exchange market tends to oversupply and all demand for foreign currencies of customers are fully satisfied, local newswire Tri Thuc Tre reported. Developments of foreign exchange market and exchange rates in the first 5 months of this year have been stable. The central bank continues to […] The post Foreign Exchange Market Tends to Oversupply: SBV appeared first on Vietnam Business News.

HCMC: Credit Estimated To Grow 1.27% in 5 Months Posted: 29 May 2014 12:26 PM PDT According to Ho Chi Minh City (HCMC) People’s Committee, by end of May, total outstanding loans by credit institutions in the area are estimated at VND965 trillion, up 1.27% year-to-date and 7.7 % year-on-year, local newspaper Banking Times reported. In which, local currency loans reached VND800.343 trillion, accounting for 82.9% of total loans, down 0.18% […] The post HCMC: Credit Estimated To Grow 1.27% in 5 Months appeared first on Vietnam Business News.

Viet Nam, US trade to reach $33.6b Posted: 29 May 2014 11:42 AM PDT Bilateral trade between Viet Nam and the United States will probably reach US$33.6 billion in 2014; of this figure, $28.1 billion will come from Vietnamese exports. The Viet Nam Economic Times quoted the American Chamber of Commerce in Viet Nam’s forecast as stating that exports of Viet Nam’s textiles and apparel to the United States, […] The post Viet Nam, US trade to reach $33.6b appeared first on Vietnam Business News.

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