Stock Market Honeymoon

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The stock market and the investors are enjoying their "honeymoon" when the there is a sign of the non-stopped increase of the stock prices on stock market. Under the circumstances the economy faces enormous difficulties, the recovery the stock market is attracting huge interest from the investors. If compared with the peak period of 2006 and 2007, the price of the stock today is still too low, but if compared to the price one year ago, many stocks have risen from 30- 40 percent, even that some … [Read more...]

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Low cost smart phones still live well amid their predicted ill fate

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VietNamNet Bridge - Contrary to all predictions that low cost smart phones would soon disappear from the market because of their low quality, the products still have been selling very well and become more and more favored by customers. VnMedia newspaper, which conducted a mini survey on the mobile phone market, has come to a conclusion that it was not high end smart phones, but the medium class and low cost products which were the best sellers in the market last week. 24h.com has reported that … [Read more...]

2-SIM smart phones bring fat profits to Vietnamese manufacturers

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VietNamNet Bridge - Vietnamese now tend to use the low-cost smart phones adaptable to 2 simcards and powerful with strong configuration. The strongest card of small manufacturers The mobile phones adaptable to 2 simcards first appeared in Vietnam in 2007. Most of the products were made by unknown manufacturers and imported from China. Later, Vietnamese telecom groups also jumped into the profitable market by launching multi-simcard products. Even the world's big manufacturers like Nokia, … [Read more...]

Locals talk up future

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The global smartphone boom is led by tech giants like Samsung, Apple and Nokia, but Vietnamese firms are starting to make their mark in the low and medium market segments. Increasing numbers of Vietnamese are dialing into the smartphone revolution Photo: Le Toan Many local manufacturers jumped into making handsets but most earned meager revenue figures. The number of Vietnamese brand handsets remains only a handful at present, with the most popular brands being FPT, Q-Mobile and Mobistar. … [Read more...]

BUSINESS IN BRIEF 26/3

HOSE to honor sustainability reports The Hochiminh Stock Exchange (HOSE) has announced to present the Sustainability Reporting Awards to listed enterprises with remarkable contributions to environmental and social issues given the framework of the 2013 Annual Report Awards (ARA). Speaking at a press conference on Tuesday, the awards will be granted for the first time in this year's competition. The World Bank's International Finance Corporation (IFC) and Britain-based Association of Chartered … [Read more...]

BUSINESS IN BRIEF 25/3

Seafood industry faces slow export growth Vietnamese seafood producers are facing slow export growth and a shortage in material, after the US Department of Commerce levied higher tariffs on export of frozen pangasius fish fillets, effective from August 1, 2010 to July 31, 2011. Figures by the Vietnam Association of Seafood Exporters and Processors show that export turnover of the country's seafood industry merely touched US$6.2 billion last year, compared to a target of $6.8 billion. With a … [Read more...]

Vietnam to produce cheap smartphones and tablets

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Vietnamese consumers may have more choices when the first locally made smartphones and tablets are unveiled at around just USD50, one official said. Thieu Phuong Nam, CEO of Qualcomm in charge of Vietnam, Laos and Cambodia, announced that the company is cooperating with Vietnamese producers and network providers to realise the plan. According to Nam, mobile phones are a new technology trend that could change the lives of people in Vietnam and many other countries in the world. "3G and … [Read more...]

Vietnam tech firm plans to sell 600,000 smart phones

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FPT Technology Products Company, a subsidiary of technology giant FPT, plans to shift from production of feature phones to smart phones to catch up with the global trend, news website Saigon Times reported. The company hopes to have 600,000 smart phones under its own brand name in the market this year, Le Hoang Hai, its deputy director, said. It expects smart phones to make up 70 percent of its mobile handset sales, he added. It would make efforts to push sales of its smart phones above the … [Read more...]

Luxury Vertu TI unveiled in Vietnam

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Quoc Hung and Van Oanh FPT aims to sell 600,000 smartphones this year The 3.7-inch Vertu TI has the scratchproof sapphire crystal screen and the lightweight titanium casing which is five times harder than other smartphones. Running on Android 4.0, the smartphone is equipped with the 1.7 GHz processor, an 8MP rear camera and a 1.3MP front camera. Vertu TI is handmade by a single craftsman at Vertu's headquarters in Hampshire, England. Every VERTU Ti is signed by the craftsman before … [Read more...]

BUSINESS IN BRIEF 26/11

Three foreign currency regulations violators fined The State Bank of Vietnam yesterday imposed hefty fines on FPT University, Ngoc Long Gold Processing Co, and My Phuong Co for breaching violations on foreign currency management. Accordingly, Hanoi-based Ngoc Long Co was fine VND100 million for offending the regulation regarding trading and paying in foreign currency. The company also had the traded sum of US$12,195 confiscated. FPT University, a private information technology university … [Read more...]

Seminar on “Supporting Enterprises in IT Application for International Integration and Development”March 23, 2006 in Hanoi

With the aim of assisting the Vietnamese business community to speed up IT application to meet requirements of the international integration and development, VCCI will open a seminar on the above topic on March 23, 2006, in cooperation with the Ministry of Posts and Telematics and Intel Vietnam Group. VCCI would like to invite representatives of enterprises to attend the event. Please register no later than March 21, 2006. Contact: Ms. Le Thu Ha VCCI's Institute of Information Technology for … [Read more...]

Few Investors Linger

This past year of 2011 witnessed one of the toughest times of Vietnam's stock market. The VN-Index lost almost 30% of its value by the year-end while the plunge of the HNX-Index was even more dramatic with half the points gone. A recent report from Ban Viet Securities contended that the market has been punished unfairly. Despite better macro-economic indicators and falling inflation in recent months, the stock market has failed to stop its losing streak. Although the average Earnings Per … [Read more...]

10 establishments get out of environmental polluter list

The 10 establishments included Nguyen Thuong Sach business household in Tu Ky, Dai Phat Production and Trade Co., Ltd. in Binh Giang, etc. Since early this year, the Department of Natural Resources and Environment has granted certificates of eligibility to get out of the list of environmental polluters to 10 establishments for having measures to treat environmental pollution as prescribed. The 10 establishments were Nguyen Thuong Sach business household in Tu Ky; Dai Phat Production and … [Read more...]

Mobius can’t buy enough Vietnam equities on foreign limits

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"It's like a double-edged sword," Mark Mobius, who oversees about $53 billion as the chairman of Templeton Emerging Markets Group, said in a Nov. 5 phone interview from Singapore. "On one hand, it's difficult to get in. But once you're invested, you could do quite well." Photographer: Jerome Favre/Bloomberg The rush of foreign investors into Vietnam's most-favored companies has exhausted the government-limited supply of shares, freezing out some as inflation slows and the economy recovers from … [Read more...]

Vinamilk sees revenue doubling in overseas expansion push

Vietnam Dairy Products Joint-Stock Co., the nation's largest dairy producer, is building a milk factory in Cambodia as it plans a global expansion to more than double annual revenue to $3 billion by 2017.

The company, known as Vinamilk, is opening a plant in the capital of Phnom Penh and will expand into other overseas markets over the next five years, Chairwoman and General Director Mai Kieu Lien said in an e-mailed response to questions yesterday. "We will focus on expanding the domestic market as well as speeding up exporting to other markets," Lien said. Vinamilk may export products to the US after receiving permission from the Food and Drug Administration, she said. Vinamilk's second … [Read more...]

Vietnam stocks fall the most in 4 weeks as inflation accelerates

Vietnamese stocks fell, with the benchmark index dropping the most in four weeks, after inflation accelerated at the fastest pace since May 2012.

The Ho Chi Minh City Stock Exchange's VN Index (VNINDEX) retreated 1.8 percent to 495.28 at 10:51 a.m. local time, poised for the sharpest decline since June 25. Joint-Stock Commercial Bank for Foreign Trade of Vietnam tumbled 1.8 percent, the most since July 1. Bao Viet Holdings, the country's biggest listed insurer, dropped 2 percent, poised for a second day of losses. Consumer prices rose 7.29 percent this month from a year earlier, according to data released by the General Statistics Office … [Read more...]

Bao Viet Holdings rises on earnings, dividend plan

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Bao Viet Holdings, Vietnam's biggest listed insurer, snapped a two-day loss in Ho Chi Minh City share trading after forecasting revenue will jump 11 percent this year and saying it will raise its dividend payment. The stock rose 3.8 percent at the close, rebounding from a 5.4 percent slump in the previous two days. The benchmark VN Index gained 1.1 percent. The Hanoi-based company raised its dividend payment for 2012 to 1,500 dong per share, from an initially planned 1,200 dong, Chief … [Read more...]

Vietnam stocks fall as rally drives valuations to one-month high

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Vietnam stocks fell, snapping a three-day advance that drove valuations on the benchmark index to a one-month high. The Ho Chi Minh City Stock Exchange's VN Index fell 0.4 percent to 489.99 at the close. It climbed 2.6 percent in the past three days, driving the gauge's valuation to 13.8 times reported profit, the highest level since Feb. 20. Bao Viet Holdings, the national's biggest listed insurer, lost 2 percent to the lowest level since Feb. 27. Stocks have climbed this week as online … [Read more...]

Ownership rules cause confusion

HA NOI (VNS) — Listed securities companies seeking to become 100-per-cent foreign-owned would be required to delist shares and reorganise as a limited liability company under the terms of a proposed regulation being drafted to replace Decision No 55/2009/QD-TTg. Decision No 55 provides that foreign investors can own up to 49 per cent of any listed securities company. The proposed change would attempt to resolve an apparent conflict with Government Decree No 58, issued in July of this year to … [Read more...]

Down in the dumps

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Depressed investor sentiment, hit by tightened credit and negative macroeconomic news, has sent the stock market plunging toward the bottom, experts say. Investors follow market movements at a securities firm in Ho Chi Minh City … [Read more...]