The Business Times: Sep 24: VN-Index Slides Seventh Day on Blue-chips

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• Sep 24: VN-Index Slides Seventh Day on Blue-chips
• Thai, Japanese, South Korean retailers overtake Vietnamese counterparts
• Vietnam adds one more rice seller to highly concentrated markets
• Economic restructuring a success, especially in credit
• CPI rises in cities as dollar rate falls
• Vietnam’s financial markets lack transparency, investors say
• Moody’s sees improved outlook at six banks
• Who is the second-ranked dollar billionaire in Vietnam?
• Vietnamese queue up for cups of coffee at foreign, local chains
• Despite economic downturn, IT firms still in demand

Sep 24: VN-Index Slides Seventh Day on Blue-chips Posted: 24 Sep 2014 06:33 PM PDT Stocks on the Hochiminh Stock Exchange declined for a seventh straight day on Wednesday, thus pulling the market benchmark VN-Index to a six-week low, as investors continued to sell blue-chips to take margins when the market lacked catalysts. PetroVietnam Gas Corporation (GAS) was again an excuse to the slump of the local exchange, stock analyst […] The post Sep 24: VN-Index Slides Seventh Day on Blue-chips appeared first on Vietnam Business News.

Thai, Japanese, South Korean retailers overtake Vietnamese counterparts Posted: 24 Sep 2014 06:31 PM PDT Thai, Japanese and South Korean retailers are rushing to enter the market in Vietnam, putting pressure on domestic manufacturers. The Japanese Aeon retail group, for example, has recently received a license for the development of a shopping mall in Hoa Lam Shangri-La Hi-tech Park in Binh Tan District, HCM City. With the project, it plans […] The post Thai, Japanese, South Korean retailers overtake Vietnamese counterparts appeared first on Vietnam Business News.

Vietnam adds one more rice seller to highly concentrated markets Posted: 24 Sep 2014 06:30 PM PDT The government has decided that the Northern Food Corporation (Vinafood 1), together with Southern Food Corporation (Vinafood 2), will be the two leads to conduct negotiations and make direct transactions with highly concentrated rice markets (where there are few exporters of rice). Concentration markets refer to markets to which Vietnam sells rice under large contracts […] The post Vietnam adds one more rice seller to highly concentrated markets appeared first on Vietnam Business News.

Economic restructuring a success, especially in credit Posted: 24 Sep 2014 06:25 PM PDT Vice Chairman of the National Assembly Committee for Economic Affairs Nguyen Duc Kien told Nhan dan (The People) newspaper about the Autumn Economic Forum, which opens this weekend in Ninh Binh. What’s the most successful area in the on-going economic restructuring process in our country? Viet Nam’s economic restructuring programme focuses on three sectors – […] The post Economic restructuring a success, especially in credit appeared first on Vietnam Business News.

CPI rises in cities as dollar rate falls Posted: 24 Sep 2014 04:24 PM PDT The consumer price index (CPI) in the country’s two largest cities rose in September due to the 8.55 per cent increase in the cost of education. According to the Ha Noi Statistics Office, the capital’s CPI rose in September by 0.51 per cent over August, and increased 3.36 per cent year on year. The department […] The post CPI rises in cities as dollar rate falls appeared first on Vietnam Business News.

Vietnam’s financial markets lack transparency, investors say Posted: 24 Sep 2014 05:36 AM PDT Unclear financial reports are the biggest problem of the Vietnamese financial market, hindering the restructuring process of commercial banks, investors and experts say. One director of an investment fund said he would not be interested in buying shares of a small commercial bank in a quantity large enough to hold a controlling stake in bank, […] The post Vietnam's financial markets lack transparency, investors say appeared first on Vietnam Business News.

Moody’s sees improved outlook at six banks Posted: 24 Sep 2014 05:35 AM PDT Moody’s has placed six Vietnamese banks on positive outlook, the credit rating agency announced on its website on Monday. It upgraded the ratings of the Viet Nam International Bank (VIB) by one notch to B2, while affirming the ratings of five other banks at B3 and changing their outlooks to positive. The five banks include […] The post Moody’s sees improved outlook at six banks appeared first on Vietnam Business News.

Who is the second-ranked dollar billionaire in Vietnam? Posted: 24 Sep 2014 05:32 AM PDT After Mr. Pham Nhat Vuong, the following names are said to be the most outstanding candidates for the second dollar billionaire of Vietnam. On September 17, Wealth-X and UBS (Swiss Bank) released the report “Billionaire Census 2014″. In particular, Vietnam has two billionaires with total assets of approximately $3 billion. One of the two names […] The post Who is the second-ranked dollar billionaire in Vietnam? appeared first on Vietnam Business News.

Vietnamese queue up for cups of coffee at foreign, local chains Posted: 24 Sep 2014 05:31 AM PDT The Vietnamese beverage market, including tea and coffee, according to market survey firm Euromonitor, is making lots of money and attracting droves of customers to foreign and local cafes. Last year, the market was worth VND14.1 trillion in 2013, of which coffee sales brought VND8 trillion, Euromonitor said. University student Vu Hoang Tram is a […] The post Vietnamese queue up for cups of coffee at foreign, local chains appeared first on Vietnam Business News.

Despite economic downturn, IT firms still in demand Posted: 24 Sep 2014 05:30 AM PDT Information technology (IT) companies have been doing well in the economic downturn, and continue to be sought after by investors. MAF-IMAA, a Swiss research group, believes that many IT firms' Merger and Acquisition deals (M&A) will be made in 2014, while the most-wanted businesses are in e-commerce, internet services, online payments and mobility. Vietnamese IT […] The post Despite economic downturn, IT firms still in demand appeared first on Vietnam Business News.

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