Lack of disclosed information, listing plans and risks of non-performing loans are dragging OTC-traded bank stocks down. Orient Commercial Joint Stock Bank (OCB) is among the banks still traded on the Over-The-Counter (OTC) market, which is a decentralised and less transparent trading platform. — Photo vietnambiz.vn Seven banks are trading shares on the Over-The-Counter (OTC) market, which is decentralised and less transparent as it is subject to fewer regulations and dealers can set the prices for buying and selling a security, currency and other financial products. That already makes shares of those banks riskier and less attractive to investors because they are not bound by any regulations regarding information disclosure. The seven banks include the Orient Commercial Joint Stock Bank (OCB), Maritime Commercial Joint Stock Bank (MSB), Dong A Bank, Bao Viet Commercial Joint Stock Bank (BaoVietBank) and Viet A Bank. Among those, only MSB and Viet A Bank have published … [Read more...] about Vietnam’s OTC-traded bank shares too cheap for purchases
Hardware purchase agreement
There is no regulation about the discount rates suppliers have to pay to supermarkets or the the ratio of Vietnam-made goods that must be available at supermarkets. Talking with Tuoi Tre newspaper late last week, a representative from Central Group, the owner of Big C supermarket, said the high discount rates of 40-50 percent are shown in contracts signed between Big C and suppliers, and the rates are based on mutual agreement. Experts all affirmed that the Price Law and the documents guiding the implementation of the law donor include any provision on the discount rates suppliers have to pay when bringing goods to supermarkets. The discount rates will be defined after the two parties negotiate and come to agreement. According to Nguyen Tien Thoa, chair of the Price Inspection Association, the state only controls the prices of some kinds of products, and, therefore, can only control the discount rates of some kinds of products. As for other products, the selling prices and … [Read more...] about Is it necessary to set regulations on discount rates at supermarkets?
At a FamilyMart shop (Photo: VNA) Hanoi (VNA) – Vietnam has been considered as a “fertile land” for foreign food firms as many trademarks from the Republic of Korea (RoK), Japan and Thailand are seeking ways to penetrate the 93 million-strong market. Statistics from the Vietnam Retailers’ Association (VRA) showed that the country’s food consumption in the 2011-2016 period reached about 30 billion USD with two-digit growth predicted in the future. Han Kyung Joon, Vice Director of the Korea Trade and Investment Promotion Agency (KOTRA), said that after with the Korea-Vietnam Free Trade Agreement (KVFTA) became effective in 2015, Korean enterprises have switched their focus from the Chinese market to Vietnam in an effort to boost the export of consumer goods. Along with merging and acquisition deals with high value, a strong wave of Korean investments has been seen in Vietnam’s food and beverage market. On October 31, a delegation of businesses … [Read more...] about Vietnam – Potential market for foreign food firms
Processing farm produce for exports (Photo: VNA) Hanoi (VNA) – Optimising advantages in the markets signing free trade agreements (FTA) with Vietnam is expected to contribute to boosting Vietnam’s export revenue. In the first five months of this year, agro-forestry-fishery exports hit 15.6 billion USD, a rise of 9.9 percent over the same period last year. Four leading markets of the products were the US, Japan, China and the Republic of Korea. But many experts worried that the dependence on some major markets will pose high risks to not only agro-forestry-fishery products but others produced by Vietnam when fluctuation happens in these markets. In the January-May period, Vietnam earned 1.45 billion USD from rice export, up 13.9 percent in volume and 40 percent in value over the same time in 2017. The top market of Vietnamese rice was China. According to Nguyen Ngoc Nam, President of the Vietnam Food Association, opportunities for Vietnam’s rice export are … [Read more...] about Exploiting FTA markets – good way to boost export revenue
Prime Minister Nguyen Xuan Phuc (R) and newly-accredited ambassador of Laos Sengphet Houngboungnuang (Source: VNA) Hanoi (VNA) – Prime Minister Nguyen Xuan Phuc on November 11 hosted a reception for newly-accredited ambassador of Laos Sengphet Houngboungnuang. The PM expressed his hope that the ambassador will fulfil his tasks in Vietnam and serve as a bridge contributing to consolidating and developing the great friendship, special solidarity and comprehensive cooperation between the two countries. He described the relationship as an invaluable asset shared by Vietnamese and Lao people, and urged the ambassador to make more contributions to the bilateral ties. For his part, Ambassador Sengphet Houngboungnuang pledged to make all-out efforts to promote the comprehensive cooperation, saying he will coordinate with Vietnamese competent agencies to implement high-level agreements reached by leaders of the two countries over the past time. He thanked the Vietnamese … [Read more...] about Prime Minister hosts new Lao ambassador