Douala stock exchange listed companies

The Vietnamese prime minister requested the bourse to advise investors of Vietnam’s favorable business and investment environment in his second visit to NYSE at the invitation of the world’s largest equities-based exchange. Vietnam’s Prime Minister Pham Minh Chinh rang the opening bell at the New York Stock Exchange’s Thursday trading session [September 21] local time. The New York Stock Exchange (NYSE)’s Vice President John Tuttle welcomed Prime Minister Chinh to mark the start of the session at 9:30 a.m. On the second time he was invited to the stock exchange after the first time on May 16, 2022, when he rang the bell to close a session, PM Chinh said the NYSE’s market capitalization of US$40 trillion was very impressive. PM Chinh was accompanied by the Finance Minister and other high-ranking cabinet members during the visit to strengthen bilateral ties and recognize the 78th Session of the United Nations General Assembly. Taking the upgrading of the US-Vietnam … [Read more...] about Vietnamese Prime Minister opens world’s largest stock exchange trading session

Chinh, who is on a six-day trip to the U.S, had been invited by the world's largest stock exchange, where, welcoming him, NYSE vice president John Tuttle said: "We are willing to help get Vietnamese businesses listed on the NYSE and cooperate in cross-listing on each other's markets." After a meeting with NYSE executives and writing a comment in the guestbook, the PM stepped up to the podium and rang the bell to mark the start of trading at 9:30 a.m. He said it was an honor to be invited again after the first time in May last year when he rang the bell to close a session. He described the NYSE’s market capitalization of US$40 trillion very impressive. He called on the bourse to inform investors about the favorable investment and business environment in Vietnam based on the "warm" political relationship between his country and the U.S., especially after they upgraded their relationship to a comprehensive strategic partnership during President Joe Biden’s visit to Vietnam on … [Read more...] about Vietnam PM opens New York Stock Exchange trading session

Winners of the 2023 IR Awards as voted by financial institutions in the large capitalisation stock category at a ceremony in HCM City on September 28. — Photo of the organisers Fourteen listed companies received the 2023 IR Awards for having the best investor relations at a ceremony in HCM City on September 28. According to the organizers, the Vietnam Association of Financial Executives, Finance and Life e-magazine (FiLi.vn) and Vietstock (Vietstock.vn), the awards were based on a survey of compliance with information disclosure obligations by all 731 companies listed on the HCM City and Hanoi stock exchanges, and 364 of them had complied with all. Then, based on criteria such as liquidity, foreign investment, compliance in terms of financial transparency, successfully conducting the annual general meeting, corporate governance regulations, treasury stock and internal shareholder transactions, and filing ESG reports, 45 were nominated. In the final round, they were divided … [Read more...] about Listed companies receive awards for best investor relations

The index closed 1.4 points lower after gaining 15.9 points Wednesday. Trading on the Ho Chi Minh Stock Exchange (HoSE), on which the index is based, dropped 12.6% to VND15.9 trillion ($651.77 million). The VN30 basket, comprising the 30 largest capped stocks, saw 18 tickers fell. SSB of Southeast Asia Commercial Bank (SeABank) dropped 4.8% and STB of Ho Chi Minh City-based lender Sacombank fell 3.3%. VRE of retail real estate arm Vincom Retail closed 2.5% lower and SAB of brewer Sabeco declined by 2.3%. Ten blue chips gained, led by PLX of fuel distributor Petrolimex with a 3.3% increase. Foreign investors were net sellers to the tune of VND509 billion, mainly selling STB of Ho Chi Minh City-based lender Sacombank and GMD of logistics company Gemadept Corp. The HNX-Index for stocks on the Hanoi Stock Exchange, home to mid and small caps, fell 0.57% while the UPCoM-Index for the Unlisted Public Companies Market dropped 0.33%. … [Read more...] about Stock market stable after strong changes

The duration of the delay has yet to be determined. Sources had previously said that the company had originally planned for its IPO to launch sometime this month or next. VNG declined to comment. Reuters has reported that the delay might last until next year. In a filing to the U.S. Securities and Exchange Commission, VNG said that it planned to offer some 21.7 million shares, with the proposed price range yet to be set. IPO proceeds would be used to pay original foreign investors who were direct shareholders of the company, and to repay outstanding loans, among other uses, according to the filing. Shareholders of VNG include Chinese social media and gaming giant Tencent, and Singapore state investor Temasek. Founded in 2004, VNG was Vietnam's first startup tech unicorn, valued at $1 billion or more, and it inked a preliminary agreement in 2017 with U.S. bourse operator Nasdaq Inc to explore an IPO. The Ho Chi Minh City-headquartered company's businesses include online … [Read more...] about VNG delays listing on US exchange

Christina Bao, Co-Head of Sales & Marketing at the Hong Kong Exchanges and Clearing Limited (HKEX). — Photo courtesy of HKEX The Vietnamese stock market is a key capital mobilisation channel for the economy and is undergoing improvement and upgrading towards emerging status. Considered as Asia’s financial hub, Hong Kong is a role model for Việt Nam to follow. When Christina Bao, Co-Head of Sales & Marketing at the Hong Kong Exchanges and Clearing Limited (HKEX), came to Việt Nam for a conference, Việt Nam News reporter Ly Ly Cao took the opportunity to speak to her about solutions to enhance the country’s stock market and how Hong Kong can support Việt Nam in the upgrading process. What do you think about the Vietnamese stock market in its current state? Việt Nam’s economy is on very strong momentum in terms of GDP growth, which grew by more than 8 per cent last year and is hopefully to reach 6 per cent this year. This sets a very strong foundation for the local … [Read more...] about Hong Kong to help elevate Việt Nam’s stock market potential

In line with this decision, TVSI will now resume its normal trading activities. — Photo baotintuc.vn The State Securities Commission (SSC) has taken the decision to remove Tân Việt Securities Joint Stock Company (TVSI) from its special control list. On May 18 of this year, TVSI was placed under SSC's special management due to its failure to report the audited financial safety ratio as of December 31, 2022. The control period was in effect from May 18 to September 17. Following this decision, both Vietnamese stock exchanges in Hà Nội and HCM City decided to suspend TVSI from trading securities on the two listed stock markets and the Unlisted Public Company Market (UPCoM), which is managed by the Hà Nội Stock Exchange. This suspension period was effective from June 27, 2023, until TVSI was removed from the special control list. As of the current status, the State Securities Commission has lifted its special control status after TVSI published the audit report. In line with this … [Read more...] about SSC removes Tân Việt Securities from special control list

In a symbolic gesture forging closer ties between the United States and Vietnam, Vietnamese Prime Minister Pham Minh Chinh rang the opening bell at the New York Stock Exchange (NYSE) on September 21. New York City, revered as a global financial hub, boasts two premier stock exchanges: the NYSE, known for its broader appeal, and the NASDAQ, a beacon for high-tech stocks. In the midst of burgeoning political ties between the two nations, PM Chinh said, "The NYSE can play a pivotal role in driving US corporate investments in Vietnam and shining a light on the vast opportunities our nation presents." As reported by Vietnam News Agency , speaking on deepening capital market collaborations, PM Chinh said, "It's crucial we foster seamless ties between our stock markets, integrating Vietnamese companies into global financial circuits." He instructed the State Securities Commission of Vietnam "to collaborate closely with the NYSE, paving the way for enhanced technical assistance and … [Read more...] about Vietnam taps NYSE cross-listing opportunities, eyeing global know-how

Vietnam’s multi-industry corporation CT Group launched the ASEAN Carbon Credit Exchange Joint Stock Company (CCTPA) on Friday, marking the debut of the country’s first-ever corporate initiative in introducing a voluntary carbon emissions exchange. CCTPA will stand as the pioneering company in Vietnam to offer comprehensive consultancy services to enterprises, organizations, and individuals involved in developing carbon credit projects, carbon offset and credit mechanisms, as well as the application of carbon taxation at both regional and global levels. This endeavor aligns with international environmental trade policies and seeks to foster a low-carbon emission economy. Hoang Bach Duong, vice chairwoman of CT Group, emphasized that establishing a carbon market and green finance market is an unavoidable trend to enhance businesses’ competitiveness. This is because meeting the stringent carbon requirements imposed by major markets will play a decisive role in the global supply … [Read more...] about Vietnamese enterprise launches country’s first voluntary carbon exchange

In this year’s latest update to FTSE Russel’s Country Classification, which is released in September, the country remains in the watch list. "Progress has been slower than anticipated, in part due to Covid-19," the U.K. stock analytics provider said. The country has also yet to meet the settlement cycle criterion, which is currently rated as "restricted" due to the practice of conducting a pre-trading check to ensure funds are available. It said further that improvements to the process of registering new accounts are required, as is the introduction of an efficient mechanism to facilitate trading between non-domestic investors in securities that have reached, or are approaching, the foreign ownership limit. The State Securities Commission has however demonstrated renewed energy in seeking a workable solution that would remove the need for pre-funding, FTSE Russel said. "Finalization of the required roles and responsibilities, within the settlement model, that are aligned to … [Read more...] about Vietnam continues to wait on upgrade from frontier stock market