Equity market in india

In India, the world's third-largest aviation market, Prime Minister Narendra Modi's government recently decided not to allow lessors and vulture funds to withdraw aircraft, request de-registration and force the export of aircraft. According to Cirium, a data and advanced analytics solutions provider for the aviation industry, India is one of the world's top large aircraft leasing markets. Up to 75 per cent of aircraft were delivered to India in the form of sales and lease back contracts between 2018 and 2022, much higher than the world average of 35 per cent. The move by the Indian government comes after Go First Airlines filed for bankruptcy protection, shutting down on May 3. Lessors had requested to deregister and withdraw 54 aircraft from Go First Airlines. Three businesses that lease aircraft to SpiceJet, another Indian airline, also submitted an application to the Civil Aviation Authority of India in early May, requesting the de-registration of four SpiceJet aircraft. The … [Read more...] about Indian government protects aircraft fleets from unscrupulous lessors

The stock market has witnessed a dearth of foreign-invested enterprises (FIEs) going public in the past six years. In fact, the latest to be listed in this country was Siam Brothers Vietnam in 2017, marking the end of a decade-long dry spell for FIE listings. Some renowned companies may be more keen to list elsewhere, photo Le Toan While a wave of FIEs debuted on the market during 2003-2008 following the introduction of rules on transforming a number of FIEs to operate in the form of joint-stock company, their numbers have dwindled over the years, with some even being delisted. At present, only nine FIEs remain listed, with three others trading on the Unlisted Public Company Market (UPCoM). Aside from Siam Brothers Vietnam, the remaining entities include Everpia, Mirae, Tung Kuang Industrial, Taicera (TCR), Taya Vietnam Electric Wire and Cable, The Royal International Corporation (RIC), Interfood (IFS), Chang Yih Ceramic. While this group of companies generally … [Read more...] about FIEs remain reluctant to take on stock listing

The fifth plenary session of the 15th National Assembly has discussed and approved a number of important draft bills, including three new amendments to regulations that have significant impacts on the tourism industry in Vietnam. These policies are expected to boost the recovery and development of the tourism sector. Martin Koerner - Chairman EuroCham Vietnam’s Tourism and Hospitality Sector Committee The first law is to extend the visa exemption duration from the current 15 days to 45 days for citizens of countries that currently can travel to Vietnam visa exempt, including France, Germany, Italy, Spain, the UK, Japan, South Korea, Norway, Finland, Denmark, and Sweden. This law aims to attract more tourists from these key markets and encourage them to stay longer and spend more here. The second law is to expand the list of countries eligible for e-visa from 46 to 80, including markets such as India, Brazil, Mexico, and Argentina. The e-visa allows visitors to apply … [Read more...] about The future of tourism in Vietnam new visa policies and beyond

About 90-95 per cent of Cambodia's pepper output has been exported to Viet Nam. — Photo nld.com.vn Viet Nam's pepper exports are not challenged by Cambodia being issued a licence to export its pepper to China directly, according to experts. The Viet Nam Trade Office in Cambodia quoted Khmer Times sources saying that Cambodian pepper would be available in China directly after the General Administration of Customs of China (GACC) approved Cambodia’s export proposal. Accordingly, the GACC approved seven packaging factories and 28 growing facilities for pepper exports in Cambodia. Le Viet Anh, head of the Viet Nam Pepper Association's office, Cambodia exporting pepper directly to China was not a challenge for Viet Nam's pepper exports immediately because the pepper volume exported from Cambodia to China was not much. “About 90-95 per cent of Cambodia's pepper output have been exported to Viet Nam, then processors in Viet Nam have re-exported the volume to other countries, … [Read more...] about Viet Nam does not face challenge from Cambodia pepper exports to China: experts

Asia’s increased borrowing in recent decades has augmented the region’s exposure to rising interest rates and heightened market volatility, said the International Monetary Fund (IMF). According to the IMF’s latest report on May 25, over 18 per cent of Vietnamese enterprises were found to have an interest coverage ratio (ICR) below one, indicating a high risk of default as of June 2022. Additionally, 18.32 per cent of companies had an ICR between 1-4, making them vulnerable to increased borrowing costs, while 63.36 per cent had an ICR of four, signalling a good debt repayment capacity. The report attributes the heightened risks to the rising cost of borrowing, as central banks tighten monetary policies and increase interest rates to combat inflation. Despite maintaining growth rates, companies face significant pressure due to higher borrowing costs, reducing their ability to repay debts. As of mid-2022, 17 per cent of Asia’s corporate debt was held by firms with interest … [Read more...] about IMF highlights rising debt risks for Asian companies

Illustrative photo (Photo: Breeding Magazine) Hanoi (VNA) – Vietnam spent 2.04 billion USD to import animal feed and raw material s for the production of this kind of commodity in the first five months of this year, according to the Ministry of Agriculture and Rural Development (MARD). The figure marks a year-on-year decrease of 2%. Animal feed and raw materials from Argentina to Vietnam accounted for 25.8% of the total market shares, followed by India (18.3%) and the US (15.2%). Compared to the same period last year, the imports from the three countries increased by 3.9%, 130%, and 28.3%, respectively. MARD recommends that to reduce reliance on imported animal feed, farmers in localities should make use of available domestic raw materials, produce animal feed by themselves to reduce cost, and find sources of raw materials for animal feed production. Ministries and agencies were asked to tighten control over the import of meat and by-products, support importers … [Read more...] about Vietnam spends over 2 billion USD on animal feed, material imports in 5 months

The figure marks a year-on-year decrease of 2%. Animal feed and raw materials from Argentina to Vietnam accounted for 25.8% of the total market shares, followed by India (18.3%) and the U.S. (15.2%). Compared to the same period last year, the imports from the three countries increased by 3.9%, 130%, and 28.3%, respectively. MARD recommends that to reduce reliance on imported animal feed, farmers in localities should make use of available domestic raw materials, produce animal feed by themselves to reduce cost, and find sources of raw materials for animal feed production. Ministries and agencies were asked to tighten control over the import of meat and by-products, support importers to reduce the costs of products, as well as create favorable conditions for the development of material zones for animal feed production. … [Read more...] about Vietnam spends over $2B on animal feed, material imports in 5 months