•   Info@gbs.com.vn
  •   Call Us: (+84-8) 3500 2828

 

Our Blog

Admin

Admin

Please write your comment.

Website URL: http://www.gbs.vn

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.

GBS - With the retreat of the United States, China appears to be the natural successor to lead discussions.

The remaining members of the Trans-Pacific Partnership (TPP) are seeking a way forward on the trade pact, they said on Wednesday, as some emphasized the need for deals to address concerns about workers' rights and other issues.

GBS - Kong is unlikely to join the statues of national heroes around Hanoi's spiritual center.

Hanoi on Tuesday officially rejected a proposal to build a statue of King Kong near Hoan Kiem Lake, just one day after the idea was put forward by the culture ministry.

Truong Minh Tien, vice director of Hanoi's Culture Department, said at a press meeting on Tuesday that a model of Kong anywhere around Hoan Kiem Lake, which is a special national heritage site, would be inappropriate.

After consulting experts and the public, authorities in Hanoi said that any statues of Kong should be restricted to parks, cinemas or Ninh Binh Province, where parts of the movie were filmed.

The ministry had suggested that a statue of the giant ape would provide a great photo opportunity for visitors and help boost the country's tourism industry along with the film, the first major Hollywood action movie shot in Vietnam.

"Kong: Skull Island" has already smashed box office records in Vietnam, drawing more than 162,000 moviegoers on its March 10 premiere.

- VNExpress

GBS - The recently formed Government has manifested its ambition to support reforms especially related to business. Short after the oath of inauguration, it organized a conference with Vietnamese enterprises leading to the issuance of Resolution 35/2016/NQ-CP dated 16 May 2016. The main focus was to improve the investment environment. Nevertheless, some difficulties remain and review of tax policies is required from some specific perspectives.

Page 1 of 20

GBS is a top 10 best business law firms and outsourcing company in Vietnam with a network of associate firms in South East Asia, Middle East, Japan, HongKong and Poland.

Twitter Feed

GBS, the legal and business professional service firms to enter Myanmar by partnership with a local firm, Lincoln... https://t.co/xk9oo641oy
How to invest in Myanmar, Corporate Structuring and doing business in Myanmar Read more at:... https://t.co/BVf5hY23tw
GBS - On the coast of central Vietnam, a few minutes from the small town of Hoi An, Cua Dai Beach offers... https://t.co/MfGT7R8uMb
Follow GBS on Twitter

Contact Info

GBS Co., Ltd
8th Floor , Trade Centre Building, 135A Pasteur Str, Ward 6, Dist. 3, Ho Chi Minh City, Vietnam

Hotline | Whatsapp | Viber | iMessage: (+84) 903189033

This email address is being protected from spambots. You need JavaScript enabled to view it.

(+84 - 8) 3500 2828

 

8.00 am to 5.00 pm