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Tuesday, 21 November 2017 00:00

A Guide to Investing in Vietnam

Vietnam may be familiar to the American public, thanks to a lengthy war fought in the 1960s and 1970s, but the country has only recently began to attract the attention of investors. After shifting from a highly centralized planned economy to a socialist-orientated market economy, the country has become significantly more attractive to international investors looking to diversify into frontier markets.
Tuesday, 21 November 2017 00:00

HCM City needs freedom to grow

GBS - Deputies told the National Assembly on Monday that HCM City should have more autonomy in urban planning, building infrastructure, investment and the management of revenue for public servants’ payroll. They said this was the key for the southern city to continue to grow in the future.
GBS - US President Donald Trump will visit Vietnam in November to attend the APEC Summit as part of a regional tour, the White House has confirmed, amid growing uncertainty over Washington’s commitment to Southeast Asia.

GBS - Starting late March Vietnamese can bet on horse and greyhound races as well as a select number of soccer matches.

After years of deliberation, Vietnam has finally made a historic decision to legalize sports betting.

Global Business Service (GBS) Co., Ltd has just installed SSL Certificates for the website of company to project its customers information.

GBS - Governor of the State Bank of Vietnam (SBV) signed Decision No.328/QĐ-NHNN to establish SBV Steering Committee on Financial Technology (Steering Committee on Fintech). The SBV Steering Committee on Fintech is led by Deputy Governor Nguyen Kim Anh and Deputy Director of SBV Payment Department Nghiem Thanh Son has been assigned as Vice Chairman of the Committee.

GBS - Prime Minister Lee Hsien Loong will make an official visit to Vietnam from Tuesday (March 21) to Friday, the Prime Minister's Office said in a statement.

GBS - Two Vietnamese - Vingroup chairman Phạm Nhật Vượng and Sovico Holdings chairwoman Nguyễn Thị Phương Thảo - have featured in the Forbes’s 2017 world’s billionaires list.

Tuesday, 21 March 2017 00:00

Stocks up on high Q1 hopes

GBS - Shares rose on the two local exchanges on March 20, driven by high investor confidence on expectations of positive earnings reports from listed companies.

The benchmark VN Index on the HCM Stock Exchange rose 0.6 percent to close at 715.07 points, ending positive compared to the decline of 0.6 percent on March 17.

More than 175.28 million shares were traded on the southern bourse, worth 4.02 trillion VND (179.95 million USD).

The VN Index performed well on Monday after it was put under pressure from exchange-traded funds (ETFs) increasing their trading activities in their first-quarter portfolio reviews, BIDV Securities Corp (BSC) said in a note.

“Investor confidence has improved,” BSC said, adding that positive investor sentiment helped lift the stock market in spite of long-term negative effects from the Fed’s rate hike last week and the decline of Faros Construction Corp’s share price.

BSC also said in its latest weekly report that investors would turn their attention to stocks with good business prospects and positive information.

Finance-banking stocks were the ones that received high interest from investors as they were expected to release positive earnings reports for the first-quarter performances.

Eight of the nine listed banks advanced yesterday with Asia Commercial Bank (ACB), Eximbank (EIB), MBBank (MBB), Sacombank (STB) and Vietcombank (VCB) among the biggest gainers.

The insurance sector was driven up by Bao Viet Holdings (BVH), while brokerage firms that saw share prices increase were HCM City Securities Corp (HCM), MB Securities Corp (MBS), Sai Gon Securities Inc (SSI) and VNDirect Securities Corp (VND).

Other blue chips also supported the positive direction of the stock market, including Vietjet Aviation JSC (VJC), southern brewer Sabeco (SAB), consumer goods producer Masan Group (MSN) and steel makers Haa Phat Group (HPG) and Hoa Sen Group (HSG).

On the opposite side, dairy producer Vinamilk (VNM), Faros Construction Corp (ROS) and property developer Vingroup (VIC) declined and prevented the southern market from rising higher.

“The VN Index may continue to move in the range of 710 and 720 points as there is not much positive market news that could lift the index further,” BSC said.

Investors must keep a close watch on the movement of some large-cap stocks such as ROS as that stock has fallen for three consecutive days and its negative trend would have negative impact on the stock market, BSC added.

On the Hanoi Stock Exchange, the HNX Index added 0.7 percent to end at 89.03 points. The northern market index has rallied a total 2.3 percent in the last five sessions.

More than 50.6 million shares were exchanged in the northern market, worth 656.8 billion VND.

-VNA

GBS - Failure to punish pedophiles has caused public outcry.

Multiple child sex abuse cases have stirred public anger on social media in Vietnam, and legal experts are calling for stronger punishments for pedophiles.

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