Stock Market Honeymoon


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 of the stocks have increased by more than 100 percent. Therefore, according to the evaluation of a number of the stock experts, the current price is not too low. According to Doan Ngoc Hoan, General Director of the IVS securities, the P/E ratio of the stock market today is approximately 15 times that of other countries in the region; and particularly, those that are listed in the VN30 are much higher. The increase of the VN- Index in recent months from 600 to 615 and then up to 640 is resulted by … [Read more...]

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


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. has reported that Hanoians now rush to buy VIVO HD, a kind of low cost and multi-functional product distributed by AVAtelecom. VIVO HD is now priced at VND4.2 million, which, in the eyes of consumers, is a very reasonable price, if noting that it can connect TV, allows users to watch TV and play heavy games and to make documents. Low cost smart phones are understood as the products with the retail prices of no more than VND5 million per product. The owner of a mobile phone shop on Thai Ha Street in Hanoi said … [Read more...]

2-SIM smart phones bring fat profits to Vietnamese manufacturers


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, Samsung, Phillips, Alcatel and LG have also developed 2-SIM models. 2-SIM phones were understood as low cost products, which are equipped with the basic features. However, the concept has changed a lot over the last 2 years. More and more 2-SIM phones with strong configuration, including Vietnamese brand blockbuster products have been marketed recently. VinaPhone, one of the three biggest mobile network operators, has made its presence in the mobile phone market by launching Avio Sky A850, a … [Read more...]

Locals talk up future


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. Q-Mobile has captured articular attention from consumers. The brand first appeared in May 2008 by An Binh Telecom Company Limited (ABTEL) and is now ranked third in Vietnam's smartphone market in sale volumes. According to Q-Mobile chief executive officer (CEO) Nguyen Quang Minh, Vietnam's smart-phone market is currently vibrant across all market segments, entailing big challenges to the firm. "But competition is inevitable in the marketplace. With proper strategy, we are confident to … [Read more...]


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 Certified Accountants (ACCA) will be in charge of professional aspects and send judges to evaluate related contents in listed firms' reports. On Tuesday's 2013 ARA launch also witnessed the signing of a memorandum of understanding (MoU) between the ARA's organizing committee, IFC and ACCA. Following its success over the past five years, the ARA contest is co-organized by HOSE and Vietnam Investment Review's sister publication Dau tu Chung khoan and sponsored by fund manager Dragon Capital. This … [Read more...]


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 growth rate of nearly 1 percent, last year was considered the worst year for the local seafood industry in recent years, as breeding, producing, and exports, all faced difficulties. Breeders struggled with fluctuating prices and diseases since the beginning of the year, causing a decline in shrimp crops. Meanwhile, firms faced a financial crunch, shortage of material, and were forced to operate perfunctorily or even run the risk of bankruptcy. Last year, demand from the EU market, the major … [Read more...]

Vietnam to produce cheap smartphones and tablets


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 mobile devices have become a common part of people's lives when they find more affordable to normal mobiles," he noted. He said that Qualcomm planned to intensify its operations in Vietnam this year in a bid to bring 3G technology to almost every resident in the country. "While there are around two billion 3G subscribers in the world, Vietnam has only 20 million 3G subscribers, according to the Ministry of Information and Communication. We see a great potential for 3G development in Vietnam in the … [Read more...]

Vietnam tech firm plans to sell 600,000 smart phones


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 country's average growth rate, which was 15 percent last year, by using the latest technologies, it said. FPT IV from FPT Technology Products Company is the first Vietnamese-made smart phone to use a quad-core processor. The company has forecast growth in smart phones sales to double this year. Its FPT IV, which went on sale on February 18, became the first Vietnamese-made smart phone with a quad-core processor. Its price starts at VND4.45 million (US$213). The company entered the mobile … [Read more...]

Luxury Vertu TI unveiled in Vietnam


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 being distributed to buyers worldwide. In a related development, FPT Technology Products Company has set a target of selling 600,000 FPT-branded smartphones this year, said Le Hoang Hai, deputy general director of the company. FPT forecast the sales volume of smartphones would increase twofold this year, accounting for 30% of the total number of mobile phones sold in the domestic market, versus 15% last year. Smartphone consumption in Vietnam is rising rapidly. Therefore, FPT this year will … [Read more...]


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 headquartered in Hanoi, was also penalized for quoting its tuitions for some courses in US dollars. The central bank imposed a VND500-million fine on the university, ordering it to stop listing, advertising, or announcing school fees in dollars. Private gold trader My Phuong, located in Hanoi's Dong Da District, was caught red-handed selling $1,000 to a customer. For this violation on trading foreign currency, the company was fined VND50 million and asked to sell the confiscated money to … [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 Business Address : 4th Floor, 9 Dao Duy Anh Street, Hanoi Tel: (84-4) 5742187 - Fax: (84-4) 5742622 Email: Conference Programme (Thursday, March 23, 2006) Time Content Note 08:00am Registration 08:30am Introducing Guess and Conference Programme MC 08:35am Welcome Speech Mr. Vu Tien Loc - President of Vietnam Chamber of Commerce and Industry (VCCI) Leadership of Ministry of Posts and Telematics (MPT) Speech of Intel, Representative of Enterprises … [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 Share (EPS) of stocks reached 10%, indices on both bourses are at the bottom, showing how Vietnam's stock market has performed badly compared with other regional markets. … [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 Trade Co., Ltd. in Binh Giang; Trung Kien Gasoline Trading Restaurant and Mach Hoach Fresh Chicken Private Enterprise in Kim Thanh; Thanh Cong Cement Factory 2, Minh Phuc Co., Ltd., and Phu Tan Co., Ltd. in Kinh Mon; Hai Duong Export Agricultural Produce and Foodstuff Processing JSC. and Dai An JSC. in Hai Duong city; and the second production establishment of Golden Sun JSC. in Thanh Ha. The Department of Natural Resources and Environment is presently verifying dossiers of the joint stock … [Read more...]

Mobius can’t buy enough Vietnam equities on foreign limits


"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 the weakest growth since 1999. Vietnam Dairy Products JSC (VNM), the nation's largest milk producer, and DHG Pharmaceutical JSC, the biggest listed drugmaker, are among 20 companies with overseas ownership at the 49 percent limit, according to Ho Chi Minh City-based ACB Securities Co. Foreigners have bought a net $208.5 million of the nation's shares in 2013, the eighth straight year of inflows, as the benchmark VN Index (VNINDEX) rose 22 percent. Signs that Prime Minister Nguyen Tan Dung's … [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 factory outside Vietnam after New Zealand will allow the Ho Chi Minh City-based company to tap surging demand for milk, yogurt and ice cream from Southeast Asia's growing middle class. The region's dairy industry is set to outpace the global market growth, according to Michael Harvey, a Melbourne-based analyst at Rabobank International. "The Southeast Asia dairy markets are already very competitive," Harvey said. "Most have a strong presence from local companies. There is also a strong presence from … [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 in Hanoi today. That compares with the median 7.1 percent estimate of six economists in a Bloomberg survey. "Inflation figures were higher than expected and people are afraid that prices may continue rising next month, when the recent increase in gasoline prices will be fully reflected," Giang Trung Kien, Hanoi-based head of research at FPT Securities Joint-Stock Co. said by phone. Vietnam National Petroleum Corp., known as Petrolimex, the country's biggest fuel retailer, raised prices of its … [Read more...]

Bao Viet Holdings rises on earnings, dividend plan


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 Executive officer Nguyen Thi Phuc Lam said today. Bao Viet is targeting another 1,500-dong dividend this year, she said. The insurer forecast pretax profit of 1.8 trillion dong ($86 million) this year and expects revenue to rise to 17.8 trillion dong, Chief of Operations Hoang Viet Ha said in an interview. Earnings targets will be discussed and submitted for shareholder approval at the company's annual general meeting scheduled on April 24. "Investors are a bit excited with the dividend news, … [Read more...]

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


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 newswire CafeF reported March 20 that consumer prices in Hanoi and Ho Chi Minh City dropped 0.21 and 0.29 percent respectively in March versus February. The State Bank of Vietnam cut the refinancing rate and discount rate by one percentage point on Dec. 24. "As inflation slows in the two biggest cities, inflation for the nation would be slow this month, giving more room for the central bank to cut interest rates further," Giang Trung Kien, Hanoi-based head of research at FPT Securities … [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 "pave the way" for foreign-owned stock brokerages. … [Read more...]

Down in the dumps


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...]