The Business Times: HOSE sees busy year for securities trading

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• HOSE sees busy year for securities trading
• Vietnam’s first exchange-traded fund makes debut
• Hanoi real estate prices increase in second quarter
• SBV Governor: Big banks also to be restructured
• Super rich in Vietnam triple in past decade: WB report
• US adjusts import tariff on Vietnamese Pangasius fish
• PetroVietnam has new chairman
• Businesses urged to avoid overdependence on China
• Banks are victims of Chinese counterfeit-card crimes
• Fruit and vegetable exports enjoy fertile growth

HOSE sees busy year for securities trading Posted: 11 Jul 2014 09:02 PM PDT HCM City Stock Exchange expects securities trading to thrive till this year-end, riding on initial public offerings by State-owned enterprises and the operation of the first domestic exchange-traded fund. According to Tran Anh Dao, the bourse”s Deputy Director, Viet Nam National Textile and Garment Group (Vinatex) and Viet Nam Vegetable Oils Industry Corporation (Vocarimex) would […] The post HOSE sees busy year for securities trading appeared first on Vietnam Business News.

Vietnam’s first exchange-traded fund makes debut Posted: 11 Jul 2014 09:02 PM PDT The Vietnam Fund Management Company (VFM) has launched an exchange-traded fund (ETF) which tracks the VN30 index of the southern bourse. The ETF VFMVN30, the first of its kind in Vietnam, was granted an initial public offering (IPO) certificate by the State Securities Commission (SSC) on July 4. The fund is managed by VFM and […] The post Vietnam's first exchange-traded fund makes debut appeared first on Vietnam Business News.

Hanoi real estate prices increase in second quarter Posted: 11 Jul 2014 08:59 PM PDT With rising sales, the prices of villas/townhouse and apartments in Hanoi are also escalating in the second quarter of this year. According to a quarterly report released on July 9 by Savills Vietnam Ltd Company, on the Hanoi property market in Q2, the average primary price was approximately 41.7 million VND (1,966 USD) per square […] The post Hanoi real estate prices increase in second quarter appeared first on Vietnam Business News.

SBV Governor: Big banks also to be restructured Posted: 11 Jul 2014 08:37 PM PDT Governor of the State Bank of Vietnam (SBV) Nguyen Van Binh said that from now to the year’s end, the SBV will begin restructuring big commercial joint stock banks, as was done with small banks. Speaking at a meeting to review the banking sector during in the first six months of this year, Governor Binh […] The post SBV Governor: Big banks also to be restructured appeared first on Vietnam Business News.

Super rich in Vietnam triple in past decade: WB report Posted: 11 Jul 2014 08:09 PM PDT World Bank (WB) senior economist Gabriel Demonbynes on July 8 unveiled at a press conference in Hanoi that the number of super rich in Vietnam has tripled over the past decade. Super rich, inflation, oil rig Haiyang 981 Additionally, according to global real estate giant Knight Frank, the country had roughly 110 "ultra high net […] The post Super rich in Vietnam triple in past decade: WB report appeared first on Vietnam Business News.

US adjusts import tariff on Vietnamese Pangasius fish Posted: 11 Jul 2014 08:01 PM PDT The US Department of Commerce (DOC) has announced its preliminary determination adjusting tariffs on Vietnamese frozen tra (Pangasius) fillets imported into the US. According to the US-based Vietnam Trade Office (VTO), the DOC decided to impose import tariffs from zero to US$2.39 per kilogram on Vietnamese Pangasius fillets in the 10th administrative review (POR 10) […] The post US adjusts import tariff on Vietnamese Pangasius fish appeared first on Vietnam Business News.

PetroVietnam has new chairman Posted: 11 Jul 2014 07:51 PM PDT Deputy General Director Nguyen Xuan Son has been appointed as chairman of the Vietnam Oil and Gas Group (PetroVietnam), replacing Mr. Do Van Hau. According to the Prime Minister's decision, Son assumed the new post on July 8. The selection of the new chair for PetroVietnam began in mid-June. Son was the only candidate recommended […] The post PetroVietnam has new chairman appeared first on Vietnam Business News.

Businesses urged to avoid overdependence on China Posted: 11 Jul 2014 07:48 PM PDT The value of Vietnam exports outpaced the GDP growth rate by threefold in the first six months of the year, jumping up 15% over last year's same period to US$71 billion. While these statistics bode well for booming economic prospects in the short-term, leading economists caution more market diversification in exports is needed to pave […] The post Businesses urged to avoid overdependence on China appeared first on Vietnam Business News.

Banks are victims of Chinese counterfeit-card crimes Posted: 11 Jul 2014 07:48 PM PDT The Vietnamese police have warned that banks have become targets of international card crimes, with most of them originating in China. PC50, the police department that fight hi-tech crimes, has discovered a ring of Chinese criminals who use counterfeit credit cards to withdraw billions of dong from big Vietnamese banks. Police said the Chinese suspects […] The post Banks are victims of Chinese counterfeit-card crimes appeared first on Vietnam Business News.

Fruit and vegetable exports enjoy fertile growth Posted: 11 Jul 2014 07:47 PM PDT Fruit and vegetable exports have outpaced the national average in recent times, making agriculture one of the leading export sectors. Fruit and vegetables grossed US$658 million from exports in the first half of 2014, an increase of 132% against the same period last year, meeting 54.83% of this year's plan. Last year, their export value […] The post Fruit and vegetable exports enjoy fertile growth appeared first on Vietnam Business News.

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