Citizens bank capital markets

The benchmark VN-Index on the HCM Stock Exchange (HOSE) gained 0.49 percent to settle at 1,121.21 points. It had dropped 0.51 percent to close at 1,115.79 points on March 1. Brokers manage an electronic bonds auction at the Hanoi Stock Exchange in Hanoi Meanwhile, the HNX Index on the Hanoi Stock Exchange (HNX) inched up 0.91 points to end at 128.25 points. The index was down 0.74 percent to end at 127.10 points on March 1. More than 265.1 million shares were traded on the two local exchanges, worth 7.6 trillion VND (335.7 million USD). Market trading conditions were positive, with 251 gaining stocks against 205 decliners, while 270 other stocks remained unchanged. However, only 12 of the 30 largest shares by market capitalization advanced in the VN30 Index. The VN30 Index was up 0.10 percent to 1.106,92 points, with more than 78 million shares exchanged, worth 3.6 trillion VND. The UPCOM Index on the Unlisted Public Company Market (UPCoM) gained slightly 0.58 … [Read more...] about Stock market: shares up as more money pumped in property

Renewable energy in Viet Nam is expected to grow at 23 per cent annually during 2020-30.- VNA/VNS PhotoDDai Hai Power Investment and Development SJC to fund its VND1 trillion Srepok Solar 1, which has a designed output of 50MW. Vietcombank has recently approved a VND785 billion (US$33.55 million) loan for the BP Solar 1 project, which has total investment capital of VND1.2 trillion with designed output of 46MW in the south central coast province of Ninh Thuan. The bank last month also signed a contract with the Dai Hai Power Investment and Development SJC to fund its VND1 trillion Srepok Solar 1, which has a designed output of 50MW. Another bank – HDBank – has so far also planned to set aside up to VND7 trillion for the construction of green energy projects from now to 2020. Under HDBank’s plans, it will lend to projects which were approved by the Government and reach their commercial operation date before June 30, 2019. To qualify for the bank’s loans, … [Read more...] about Banks race to fund green energy projects

The benchmark VN-Index picked up 22.15 points to close at 1,196.61 points on April 2, the highest since the stock market of Vietnam was launched, when more than 245.7 million shares were sold for about VND 8.04 trillion (USD 353 million) on the HCM Stock Exchange (HOSE). The bourse saw gaining stocks outnumbered the declining ones by 155 to 140 while 42 others ended flat. Photo: saigondautu.com.vn On the Hanoi Stock Exchange (HNX), the HNX-Index edged up 2.94 points, closing at 135.40 points after some 52 million of shares, worth VND 937.5 billion (USD 41.15 million), were traded on the bourse. There were 72 gainers and 77 losers while 62 others ended flat. The large-cap stocks experienced strong gains with the VN30 advancing 18.13 points. Among 20 VN30 gainers were Vietjet Air (VJC), up VND 4,200 per share; VinGroup (VIC), up VND 5.800 per share; Bao Viet Group (BVH), up VND 2,600 per share; PetroVietnam (GAS), up VND 4,700 per share; and MaSan Group (MSN), VND … [Read more...] about Green color dominates stock market as April starts

A slew of well-known Vietnamese companies often look to making a stock exchange outside the country, but resolving barriers in order to do so remain complex (Photo: VNA) Last week, FLC Group chairman Trinh Van Quyet, announced that his group is ramping up efforts to be listed on the Singapore Stock Exchange (SGX) at the bourse’s 20th anniversary event, a move which he said would “bolster its business, hone its image, and replenish overseas capital.” “The SGX is a top international destination which provides value to businesses that want to extend their overseas ambition,” added Quyet. “FLC aims to become listed on the SGX next year or in 2021.” FLC Group has been preparing to give the go-ahead to proceed with the international share sale for more than two years. Earlier in November, the property developer cancelled the issuance of 300 million shares for its current shareholders. FLC is not the only local group preparing groundwork to file an … [Read more...] about Plucking up courage to enter foreign exchanges

Stock Market Singapore fund manager to acquire VAM Vietnam Fund Management for US$4.9m The Saigon Times Daily Thursday,  Dec 5, 2019,15:45 (GMT+7) Singapore fund manager to acquire VAM Vietnam Fund Management for US$4.9mThe Saigon Times Daily Nguyen Xuan Minh, chairman of VAM Vietnam Fund Management JSC, has decided to sell an initial amount of 1.13 million ordinary shares of the fund to Singapore-based UOB Asset Management – PHOTO: DAU TU CHUNG KHOAN NEWSPAPER HCMC – UOB Asset Management, a wholly owned subsidiary of Singapore-based United Overseas Bank, will acquire VAM Vietnam Fund Management JSC for a cash consideration of VND113.68 billion (US$4.9 million). UOB Asset Management has entered into an agreement with Nguyen Xuan Minh, co-founder and chairman of the HCMC-based firm, for the initial acquisition of 1.13 million ordinary shares of VAM Vietnam Fund, representing some 24.53% of the issued share … [Read more...] about Singapore fund manager to acquire VAM Vietnam Fund Management for US$4.9m