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BUSINESS
IN BRIEF 28/10
Vietnam
promotes cooperation opportunities in South Africa
The Vietnamese
Embassy provided visitors with leaflets and booklets introducing the
country’s land, people and its cooperation possibilities, especially in
economics, investment, trade and tourism.
The Vietnamese
stand at the fair attracted nearly 1,000 visitors, including South African
former Deputy Minister of International Relations and Cooperation, Ebrahim
Ebrahim.
Themed “Celebrating
20 Years of Freedom and Democracy in South Africa”, the fair provided a good
chance for participating countries to introduce their history, culture and
landscape and to strengthen friendship ties as well as promoting cultural
exchange, economic, trade and tourism cooperation.
Exporters
make inroads into Australia
The Vietnam Trade
Office in
Under the free
trade agreement between ASEAN, to which
In early August,
the Vietnam Trade Office arranged for a delegation of Australian fishery
companies to visit and inspect aquaculture farms in
In the first nine
months of this year,
Popular products
such as iron and steel, electric wire, pepper, and garment-textile all
registered high growth.
Deputy Minister of
Industry and Trade Tran Tuan Anh said the Australian market has a great
demand for apparel, footwear, wooden furniture and fishery products that are
strengths of
A dozen of
Vietnamese garment-textile firms are expected to participate in an
international trade fair in
Chemical
Group marks 45th founding anniversary
Deputy Prime
Minister Hoang Trung Hai has asked the Vietnam Chemical Group to focus on the
development of key chemical industries to meet manufacturing, consumption and
exports needs.
Speaking at the
sector’s 45th anniversary on October 25, Hai said more training for
professional staff should be done to mobilize resources for key products and
exports.
“Vietnam Chemical
Group must ensure successful implementation of its development strategy
approved by the Prime Minister with a 2030 vision. Sufficient supply should
be available to care for agricultural, rural industrialization while luring
foreign investment in oil and gas, pharmaceuticals and basic chemical
industries.”
On the occasion,
Vice State President Nguyen Thi Doan presented the Independence Order, first
class to the Group.
Top brands
and Qmix 100 award winners announced
One hundred fifteen
domestic business enterprises on October 24 were announced ‘Top Brands’ and
‘Qmix 100’ winners at an awards ceremony in
The businesses were
selected based on an evaluation of the quality of their management,
competitive edge, brand image, and efficiency of operations by third party
independent reviewers.
The 115 businesses
were recognized for having successfully adopted management procedures to
develop the image of their brand while 23 businesses were selected Qmix 100
2014 for having increased their overall business competitiveness.
Investment
and business seminar held in Canada
The Embassy of
Vietnam in
Those attending the
seminar included Premier of Nova Scotia Stephen McNeil, Mayor of Halifax,
Mike Savage and over 100 leading representatives of the Canadian business
community.
In his opening
speech,
The Vietnamese
diplomat affirmed the Vietnam Government’s steadfast determination to
continue improving the business environment and urged those in attendance to
invest in the Southeast Asian country.
Vietnam Trade
Councillor in Canada Hoang Anh Dung in turn gave a presentation and spoke
with local business representatives, who expressed a high level of interest
in doing business in the country.
For their part,
Nova Scotia Premier Stephen McNeil and Halifax Mayor Mike Savage and other
scholars were appreciative of the accomplishments of
As
During the working
session with with Halifax Mayor Mike Savage and Halifax Port Authority on the
same day,Dung announced plans to lead a delegation of businesses from
Russian
energy corporation seeks cooperation opportunities
Chairman of
The Russian guest
revealed his visit's purpose at a recent meeting with Vice Chairman of the
Hanoi People’s Committee Nguyen Hong Son.
Son, in turn,
affirmed the capital city's willingness to promote cooperation opportunities
with foreign partners.
ROSATOM is a global
leader in the nuclear technology field, covering over 350 nuclear firms and
research institutions operating in both civilian and defence sectors.
Construction
begins on second made-in-Vietnam offshore oilrig
A ceremony to
launch the construction of Tam Dao 05 offshore oilrig, the second
locally-manufactured jack-up rig, was held in the southern
Invested by the
Vietnam-Russia Oil and Gas Joint Venture (Vietsovpetro), Tam Dao 05 oilrig
featuring the JU-2000E model of the American Friede and Goldman is expected
to be completed within 32 months at a total cost of US$230 million.
The 120-metre
jack-up rig weighs almost 18,000 tonnes when it is fully completed and can
drill to a depth of 9 kilometres.
According to
Vietsovpetro Director General Tu Thanh Nghia, the company is currently renting
four foreign oilrigs at a total cost of US$220 million per year. This oilrig
could help reduce the cost for the company, he added.
Tam Dao 05 platform
manufacturer, PetroVietnam Marine Shipyard JSC (PV Shipyard), built the first
made-in-Vietnam jack-up rig, Tam Dao 03, weighing nearly 12,000 tonnes. Tam
Dao 03 platform, including a helicopter deck, can drill as deep as 6
kilometers.
In addition, PV
Shipyard also successfully upgraded Tam Dao 02 oilrig for Vietsovpetro in
October, 2014.
New and additional
foreign direct investment (FDI) registered by foreign investors during the
first 10 months of the year increased 71.2% on-year to US$13.7 billion,
according to the Foreign Investment Agency (FIA).
During the 10 month
period, 1.306 investment certificates were issued for new foreign projects
capitalised at US$9.95 billion and 469 certificates were issued for
supplementary capital of US$3.74 billion.
The manufacturing
and processing sector leads in attracting foreign investment with 636 newly
licensed projects capitalised at US$9.7 billion, followed by the real estate
and construction sector.
The
The FIA estimates
foreign invested enterprises disbursed US$10.15 billion during the 10-month
period, which represents a 5.9% on-year increase.
Exports of foreign
invested enterprises (including crude oil) were US$82.48 billion, up 13.6%
on-year, comprising 67% of total exports, while their imports hit US$68.66
billion, up 10.7% on-year, making up 57% of total import value.
The trade surplus
for foreign invested enterprises collectively was estimated at US$13.8 billon
for the ten month period.
First oil
flows from Su Tu Nau oil field
A ceremony was held
in
Deputy Prime Minister
Hoang Trung Hai attended the ceremony and presented the oil field’s operator
– the Cuu Long Joint Operating Company with the Labour Order, second and
third class. Several individuals of the PetroVietnam Exploration and
Production Corporation (PVEP) were also presented with the Friendship Order
on the occasion.
The Deputy PM
highlighted the significance of the event, which he described as a new step
forward of
PVEP Director
General Do Van Khanh said the success of the project has opened up new
prospects for applying the technology to the exploration and exploitation of
small near-shore oil fields in the
He said the Su Tu
Nau is the 7th among the nine oil fields slated to be put into operation this
year.
RoK
businesses updated on labour policies
Businesses from the
MoLISA Deputy
Minister Pham Minh Huan stated that the workshop also aims to help businesses
in general and RoK investors in particular understand more about
The deputy minister
noted that the RoK is the biggest foreign investor in
He reported that by
October 1 this year,
During the
workshop, delegates shared information about salary policies and the minimum
wage as well as welfare for workers such as housing, social insurance and
labour safety.
Vietnam
promotes trade activities in Algeria
At the seminar,
Ambassador to Algeria Vu The Hiep recalled the traditional ties between the
two countries and hoped to promote investment and trade cooperation in line
with fine political relations.
He revealed that
Meanwhile, Trade
Counsellor Nguyen Van Mui introduced
A representative
from the Annaba Chamber of Commerce and Industry talked about economic
potential and investment opportunity in the province and encouraged
Vietnamese businesses to invest in infrastructure, housing, utensils
production, garment, footwear, manufacturing industry, electronics, fishery,
irrigation and forestry.
The two sides also
discussed measures to accelerate economic relations in the future and
proposed the two governments sign cooperative agreements on trade, labour and
investment.
Bridgestone
inaugurates first tyre factory in Vietnam
Bridgestone Vietnam
Ltd Company under the Bridgestone Asia Pacific (BSCAP) inaugurated the first
tyre factory at Dinh Vu Industrial Zone in
This is the largest
foreign direct investment (FDI) project in
Bridgestone
At the inauguration
ceremony, Minister of Industry and Trade Vu Huy Hoang said Bridgestone’s
choosing
Masaaki Tsuya,
Bridgestone Group’s CEO said Bridgestone is the world’s leading rubber and
tyre producer and its products are available in 150 countries.
Bridgestone
Leading Vietnamese
enterprises are showcasing their products at the Hanoi Agriculture and Craft
Village Fair 2014 which opened in the capital city on October 24.
The fair’s 200
booths introduce hi-tech agricultural products, safe vegetables, fruits, and
fresh and processed food and seafood.
The event, which
will last until October 27, is a good opportunity for local enterprises to
promote their trademarks and honour traditional craft village value.
A number of trade
promotion activities will be held in the framework of the exhibition, including
cooperation contracts and experience sharing.
Trade
shortfall hits US$438 million in two weeks
Exports in the
first half of October dipped 13.9% compared to the second half of September
to US$6.2 billion resulting in a trade shortfall of US$438 million, according
to the General Statistics Office (GSO).
However,
year-to-date, the nation’s export volume has jumped 14.1% on-year to
US$116.04 billion, with foreign invested enterprises accounting for 61.8% of
the total.
The nation’s
imports were also down 3.3% over the second half of September registering in
at US$6.63 billion.
Imports have to
date jumped 11.6% on-year tallying in at US$114.2 billion.
Milk and
dairy imports hit US$838 million
The
In the eight months
leading up to September, Vietnamese milk and diary imports has enjoyed high
growth, at 68% for markets recording positive growth.
New
aerospace company hopes to fly high
A new Japanese
invested enterprise manufacturing passenger doors for the Boeing 777
aircraft, MHI Aerospace Vietnam Co., Ltd. (MHIVA), got off the ground in
On its first
official day of operations, the factory marked the shipment of its 1,000th
inboard flap for the Boeing 737.
Spanning 6,500
square meters, the new plant is an extension of the MHIVA office in the Thang
Long Industrial zone.
In the future, it
will also produce a total assembly package for passenger doors of Boeing
aircraft.
MHIVA said the
factory will continue to promote cooperation with local partners to scale up
production in
A contract signing
ceremony was held in
The project
includes the building of a bonded warehouse, with a capacity of
300,000-500,000 cubic metres for temporary import and re-export to
As scheduled, the
project will start in the fourth quarter of 2015 within 30 months, and is
expected to put into operation by the end of 2017.
Green
growth vital for Viet Nam
Dependency on coal
and its carbon pollution for economic growth was no longer sustainable,
officials told a forum here.
The officials,
speaking at the Viet Nam Economic Forum for 2014 on Friday, said the country
needed to focus on environmentally friendly business practices.
Green growth was
essential for the economy and the people's well-being, said Dang Huy Dong,
deputy minister of Planning and Investment.
The ministry
recently announced a plan to promote the use of renewable energy and reduce
carbon's hold on the economy. But, Dong said, this would require significant
backing from domestic and foreign businesses who would need to reduce
greenhouse-gas emissions, use more clean energy, and recycle more waste
products.
Tran Dinh Thien,
head of the Viet Nam Institute of Economics, said the Government would also
have to reallocate human resources to commit to the green cause.
"More
attention needs to be paid to developing technology industries and educating
laboratory workers better to support them," Thien said. "The three
major shortcomings of the national economy are its improper growth model,
lack of competitiveness, and State governance."
To meet the
ministry's green growth targets, Thien said
He also said
upgrading infrastructure could improve the national economy and help attract
foreign investment.
The country should
also use technology to make agriculture practices more environmentally
friendly, Thien said. To accomplish this, more businesses should involve
themselves in agriculture, alongside farmers.
Nguyen Thi Tue Anh,
deputy head of the Central Institute For Economic Management, said at the
forum that the country needed to handle environmental protection and economic
growth in tandem.
It could do this by
encouraging businesses to reduce emissions and use less harmful technology.
In the long term,
environmentally-friendly growth meant investing more in preserving,
developing and effectively using natural resources, as well as curbing
emissions.
Illegal
software use could blacklist firms
Companies,
especially exporters, using illegal computer software face the threat of
being banned from access to large international markets like the
Both local and
international intellectual property laws are being tightened over time and
penalties for intellectual property infringement made harsher, they said.
Thus, besides
facing litigation risks in their own backyard, violating companies will also
be blacklisted by big foreign importers, they said.
In
According to
international IP lawyers, exporters could face severe penalties since 36
Tran Manh Hung of
law firm Baker & McKenzie said companies could also face legal actions
against them by competitors anywhere in the world.
Inability to prove
the legitimacy of computer hardware or software, or failure to cease using
illegal computer products within 90 days following receipt of a formal notice
could be subject to compensation, confiscation, and, more importantly, being
blacklisted for entering the US market.
But despite
warnings, many companies operating in
In the past several
months checks have been carried out at many foreign and local businesses
companies and computer dealers, and most were found breaching software
ownership to one degree or another – for example, foreign companies buy
limited software licences as a cover-up.
Pham Xuan Phuc,
deputy chief inspector at the Ministry of Culture, Sports and Tourism, said
wholly foreign-owned companies know best about intellectual property laws but
still deliberately violate them and illegally use intellectual property that
does not belong to them for gain.
During a check
carried out last month by the ministry and the High-tech Crime Police of the
Ministry of Public Security, HCM City-based Taiwanese company Perfect Viet
Nam Medical Industry Company was found using unlicensed software worth
billions of dong.
On the 44 computers
checked, the inspectors found 124 applications, including Autodesk graphic
design software and even low-cost software like Lac Viet's dictionary. Of the
124 applications, the company could produce licences for only 10.
Viet Nam News got
in touch with the company, but it refused to answer any questions.
European
business confidence rising
The business
confidence and outlook of European businesses in
The survey,
conducted in September 2014 and released on Thursday, revealed that in the
third quarter, the BCI climbed from 66 to 74, approaching previous levels in
the first quarter of 2011. The increase was attributed to high hopes and
expectations regarding current negotiations on the European Union-Viet Nam
Free Trade Agreement.
"We see a
clear trend where the European business community is excited and gearing up
for the future. The signing and, more importantly, the realisation of the
FTA, will be crucial steps in assuring that these preparations have not been
made in vain," European Chamber of Commerce (EuroCham) executive
director Csaba Bundik said.
Nearly half of
respondents assessed their current business situation as positive while only
five per cent found it to be very poor. Notably, the major change came from
respondents that perceived the business situation as negative, declining from
21 per cent last quarter to a single digit at eight per cent this quarter.
Of those surveyed,
a majority had a positive business outlook and perceived a future FTA to
assist in realising this positive business environment.
According to the
survey, up to 61 per cent of EuroCham members thought the macroeconomic situation
in
Meanwhile, the
inflation rate estimates of third quarter respondents was higher, increasing
from 4.26 per cent to 4.61 per cent.
With high
expectations of macroeconomic stability and improvement as well as general
expectations of an improved business outlook, a moderate rise in inflation is
a logical and expected outcome, the survey said.
Apartments
scaled down
A number of
high-end apartments here have been converted into medium-end apartments and
offered at lower prices to attract more customers and reduce large
inventories, experts said.
The price of
high-end apartments was reduced from VND38 million to VND 45 million per
square meter a few years ago to VND30 million per square metre today because
these were priced beyond most peoples' incomes, reported Infonet online
newspaper.
Investors took out
high-end interiors and delivered nearly-completed instead of completed
apartments to be able to bring down prices. The size of high-end apartments
was likewise reduced to further bring down the price to VND22 million to
VND30 million per square metre.
Affected projects
include Ho Guom Plaza,
The market for
high-end apartments has remained gloomy for several years while the market
for medium- and small-end apartments has remained bright because the latter
were priced within most peoples'incomes.
Nguyen Van Duc, the
HCM City Real Estate Association deputy chairman, said investors were more
concerned about increasing sales, reducing inventory and paying debts than
they were about protecting their reputation.
The Thoi bao Ngan
hang (Banking Times) newspaper quoted Nguyen Vinh Tran, Nam Long Investment
Joint Stock Company general director, as saying the scaling down of high-end
apartments to make them more affordable was a temporary trend and that the
domestic property market was not recovering as quickly as expected.
The recovery of the
domestic property market requires co-operation among investors, customers and
State management offices, as well as general solutions on State and
investors' financial and customer care policies, Tran added.
Securing
land use rights drags on
The capital city
people's committee has expressed concern over slow progress in the granting
of land use rights and house ownership certificates to residents.
The committee said
the number of certificates granted by end-September did not go according to
plan. A report showed that in the first nine months of 2014, only about 3,815
or 68.5 per cent of the target number of certificates were granted to
households.
So far, nearly 1.25
million certificates, or 85.7 per cent of the city's target land slots and
99.6 per cent of slots eligible for certificates, were granted.
The authorities
asked that the accountabilities of management agencies and investors in the
slow granting of land use rights and house ownership certificates be
specified.
The committee
pointed out that the main cause for the delay was investors' non-compliance
with planning, construction, transactions and land use fees.
It ordered the
Department of Natural Resources and Environment to make a list of investors
who were slow in submitting documents required for the granting of
certificates and publish the list on the department's e-portal. Investors
found guilty of violations will be barred from participating in other housing
projects.
Previously, the
Department of Natural Resources and Environment proposed that the time for
administrative procedures in granting red books in housing projects and new
urban areas be reduced from the current 60 days to only seven days.
Companies
offer bonds to individuals
Corporate bonds,
inherently meant for organisational investors, are being offered to
individual investors as companies wish to raise capital.
Small investors
were not supposed to buy bonds due to their high costs. The buyers of bonds
were often commercial banks.
Among the first two
bond offers being made are by Vietcombank Securities and Tri Viet Investment
(TVC). Tong Minh Tuan, Vietcombank Securities Co's head of corporate finance,
said that 50 individual investors have registered to buy all its bonds worth
VND200 billion (US$9.4 million). On average, each person registered VND2 to
VND5 billion ($94,300-235,800).
Tri Viet
Investment's bond issuance is worth VND30 billion ($1.4 million) and has not
yet been launched.
The bond yields of
both companies are higher than the bank rates, helping to lure investors.
Vietcombank Securities' bonds yield 8.5 per cent per year, 2.3 per cent
higher than its mother bank's deposit rate for the same period. The brokerage
will buy back the bonds before maturity on demand, six months from the date
of issuance.
Meanwhile, Tri Viet
plans to offer a 10.5 per cent rate.
This is proof that
corporate bonds are a favourable way of raising capital when banks are
tightening loan terms to prevent bad debts. The proceeds, in turn, will
probably be used for margin lending.
Tri Viet's board
member Quach Manh Hao said in an interview with Dau tu chung khoan
(Securities Investment) that the bond market is a forgotten potential
segment.
Tuan expects his
company to attract more customers thanks to diversified individual
portfolios, including shares and bonds.
He also proposed to
conduct a second issuance which will be double in value.
One of the
remaining problems is the issue of safety of buying bonds, as there is no
unified trading system for corporate bonds. Meanwhile, compared to bank
deposits which allow investors to withdraw before maturity, it is almost
impossible to do so with corporate bonds.
A couple of years
ago, some open-ended funds tried to connect small investors with government
bonds, but their strategies failed due to the hesitation of the investors.
In the third
quarter,
Ha Noi city
to develop 77ha urban area
The capital city
people's committee has approved urban development plans for a 77ha area in
the southwest.
The area, including
Dan Phuong District's Tan Hoi and Tan Lap communes and Hoai Duc District's
Duc Thuong commune, will have a population of 11,000 with modern
infrastructure and green space. The plans specify the city's urban
development strategy from 2030 to 2050.
The people's
committee here has granted licences to four projects worth more than VND4
trillion (US$190 million).
Ben Thanh-Sao Thuy
Company is investing VND3.6 trillion in a 17,577sq m site for a building,
hotel and commerce complex in District 1's Da Kao Ward. The project is
expected to provide 1,000 apartments and will become operational by 2020.
The Real Estate 11
Company is investing VND214 billion in the high-rise building Res 11 in
District 11's Ward 3. The building will have 20 floors with 116 apartments
and is expected to be completed in two years.
Covering a 1,496sq
m area, the VND95-billion Binh Dong Xanh Project of Sai Gon 5 Construction
and Commerce Company in District 8's Ward 13 will have 56 apartments for an
estimated 250 people. It will become operational in 18 months.
Sugar firms
merge
Thanh Thanh Cong
Tay Ninh Sugar Company will issue an additional 37 million shares for
swapping with shares of Gia Lai Cane Sugar Thermoelectricity Jsc (SEC).
The swap will be
done at a ratio of 1-1. Afterwards, the company, listed on the HCM City Stock
Exchange as STB, will hold 100 per cent of SEC's charter capital. SBT said
that in merging SEC with SBT, the company aimed to comply with the Law on
Competition.
Water
company sees inflow from IPO
Trung An Water
Supply Company Ltd. earned VND20.6 billion (US$970,000) from its initial
public offering at the HCM City Stock Exchange yesterday.
All shares were
sold at a price of VND15,600 ($0.75) each, or 56 per cent higher than the
initial price, to 22 organisations and individuals.
More than 1.3
million shares were put on auction at the company's IPO while the total
number of shares that investors registered to buy were three times higher.
Most Ha
Noi-listed firms see profits
About 87 per cent,
or 179, of the 206 companies that have issued financial reports at the stock
exchange here have announced profits.
Stock exchange
figures showed that a total of 206 of the 208 companies listed issued
financial reports on time even if they were not required to do so, and their
combined profits posted a 33.5-per cent year-on-year increase. But the
combined loss of 27 listed companies posted a whopping 98.2-per cent
year-on-year increase.
Southern
region needs connections
The Southern Key
Economic Zone, which comprises
The area, which
includes the provinces of Binh Duong, Tay Ninh, Binh Phuoc, Ba Ria – Vung
Tau, Long An, Tien Giang and Dong Nai, accounts for only eight percent of the
country's area, but produces 42 percent of national GDP and contributes 60
percent to the national budget.
The zone, the
country's economic driving force, plays a leading role in international
integration and economic cooperation.
The GDP growth rate
in the region remained at 11 per cent annually between 2001 and 2010.
In 2000, annual per
capita income in the region was VND11.4 million (US$542) and five years later
rose to VND23 million (US$1,095). In 2010, it was VND48.6 million (US$2,314)
and the following year, VND56.7 million (US$2,700), according to HCM City
Institute for Development Studies.
Speaking at a
workshop held yesterday at
He noted that the
area, with 17 percent of the country's population, continues to have dynamic
economic growth.
More effective
linkages would help reduce infrastructure pressure in major urban centres,
Phan Thanh Binh, director of
The high urban
growth rate has contributed to the development of the economy but has also
created challenges in delivering accessible housing and urban services.
Rapid growth has
also led to natural resource depletion and environmental degradation.
Urban sprawl, the
loss of agricultural land and the impact of climate change have all
exacerbated urban development problems.
In such a context,
regional planning and linkages are effective approaches and the key to
ensuring optimal spatial allocation of socio-economic activities, and equal
development between regions, according to experts.
Better land-use
planning in the region would also help strengthen regional integration,
maximise the efficiency of investments, and reduce the spatial footprints of
regional growth.
Architect Ngo Quang
Hung, deputy head of Southern Institute for Spatial Planning, predicted that
by 2020 the urbanisation rate would be roughly 80 percent and by 2050, 90
percent.
During the
three-day workshop, local and international experts will provide technical
support for urban planning in
Binh said the
workshop had been a great opportunity for officials to learn about urban and
regional planning, and integration of land-use planning with public
transportation. Local governance and financial resources for urban
development were also discussed.
Second ETF
launched in capital
Saigon Securities
Inc (SSI) officially launched its exchange-traded fund (ETF) at the Ha Noi
Stock Exchange in the city yesterday.
The ETF SSIAM HNX30
is the second domestic ETF fund and the first to simulate the domestic HNX30
index set, said Nguyen Khac Hai, deputy general director of SSI Asset
Management Company (SSIAM).
According to Hai,
the ETF is a new product that was launched to help investors balance the risk
and profitability of their investment channels, consisting of banks and
stocks.
The deputy director
noted that investors, especially the new ones, often made low profits from
bank savings or faced high risks at the stock market. With the help of SSIAM,
one of the leading asset management companies in
He revealed that
the HNX30 items had very high liquidity, including stocks, which had a
liquidity of more than 10 per cent.
SSI said HNX's
value at the northern bourse in the last nine months had increased by 84 per
cent compared with that of the entire 2013.
From early 2012 to
date, on a period of either three, six or 12 months, HNX30 has proven to be
more effective than other indices such as HNX-Index, as well as VN30,
VN-Index, Market Vector VN Index and FTSE VN Index.
Founders of the
fund include SSIAM, Bao Viet Securities Company, Vietcombank Security and
VnDirect.
The fund is
expected to mobilise at least VND50 billion (US$2.3 million) through its
initial public offering, which began last October 27 and ends on November 21.
Hai said foreign
investors would likely refrain from participating in the primary market,
however, and would probably invest in secondary trading after witnessing
traded funds.
According to SSI,
the second domestic ETF will likely be listed at the Ha Noi Stock Exchange in
December.
FPT finds
another partner in
Uwe Schlager,
Director of FPT Germany, an affiliate of
Accordingly, FPT
Germany and Xspera will jointly carry out a number of technological
cooperation projects on the application of technology.
Xspera will
establish a software development centre using skilled FPT staff in
At the same time,
the company will also increase its value chain by utilising FPT’s capacities
to implement and maintain specialised technology and applications.
Established in late
2012, FPT Germany has representative offices in Frankfurt and
Xspera is a
management consulting firms that operates globally. It provides advice on b
usiness development, management and operations for businesses in the
information and communications technology sector, in production, and
services. The firm aims to optimise enterprises’ assets, utilise information
technology to boost business, and improve financial performance.
Opportunities
awaiting investors
Many opportunities
are awaiting investors between now and 2015 with forecasts of the positive
economic recovery and the growth of the stock market, according to experts.
Over the past 18
months, the macro economy has been gradually stablised and started recovering
thanks to the Government’s positive reform on the investment climate,
especially policies to facilitate foreign investors’ operation, they said.
Chief Executive
Officer of the asset management and real estate development firm VinaCapital
Don Lam said foreign investors are keen on investment opportunities in
Many are paying
attention to the equitisation of State-owned enterprises (SOEs) from now to
2015, particularly in the field of infrastructure.
Japanese investors,
for example, are studying information on power plant projects of the
Electricity of Vietnam (EVN) Group and the Vietnam National Coal and Mineral
Industries Holdings Corporation (Vinacomin).
The Vietnamese
Government’s determination and efforts to reform the institutional and
administrative systems, improve the investment environment, and enhance
business competitiveness have also positively impacted on the stock market as
reported by Prime Minister Nguyen Tan Dung at the opening eighth session of
the 13th National Assembly in Hanoi on October 20.
According to the
VinaCapital, the market will see higher growth from now to 2015 as inflation
and interest rate are currently at low level.
Foreign investors
have also showed more interest in the stock market than real estate, said CEO
Don Lam.
Source: VEF/VNA/VNS/VOV/SGT/SGGP/Dantri/VIR
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Thứ Hai, 27 tháng 10, 2014
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