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
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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
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
Prime Minister Pham Minh Chinh rings the bell to open a trading session at the NYSE on September 21 morning (US time) (Photo: VNA) New York (VNA) - Prime Minister Pham Minh Chinh rang the bell to open a trading session at the New York Stock Exchange (NYSE) on September 21 morning (US time) while visiting the world largest stock exchange. At a brief meeting with NYSE Vice Chairman John Tuttle before the ceremony, PM Chinh expressed his impression at the NYSE capitalisation scale at 40 trillion USD. He asked the NYSE to help spread information on the favourable business and investment environment of Vietnam to investors, while encouraging companies to invest in Vietnam and supporting the connections between the Vietnam stock market with NYSE and other world leading stock exchanges in the context of the sound political relations between Vietnam and the US, especially after the elevation of the ties to a comprehensive strategic partnership. Vietnam also hopes to receive … [Read more...] about PM Pham Minh Chinh opens NYSE trading session
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
The US-Vietnam trade rocketed 309-fold since 1995 to US$139 billion in 2022 and the US has been the largest destination for Vietnamese exports in recent years. One of the key tenets of the recently established Comprehensive Strategic Partnership between Vietnam and the US is to promote economic cooperation through trade and investment. Vietnamese Prime Minister Pham Minh Chinh rings the opening bell for Friday trading session at Nasdaq's MarketSite in New York City. Photos: Nhat Bac/VGP Vietnamese Prime Minister Pham Minh Chinh said during the visit to the Nasdaq Stock Market, the most active stock trading venue in the US by volume and the second on the list of stock exchanges by market capitalization of shares traded, behind the New York Stock Exchange (NYSE) . Vietnam has the necessary conditions and potential to move forward in this area, where the US has advantages, PM Chinh said at Nasdaq’s MarketSite in Times Square, New York City chaired by … [Read more...] about Economic ties: Implication of Vietnam-US Comprehensive Strategic Partnership
Customers at VNDirect Securities Co (VND). VND dropped 6.85 per cent last week. — Photo VNDirect The market is forecast to witness slower momentum in the near future as it awaits positive factors, such as the growth of the macro-economy, prosperous production, and business activities of enterprises, before forming a more specific trend. On the Hồ Chí Minh Stock Exchange (HoSE), the VN-Index closed on Friday at 1,154.15 points, up 1.72 points, or 0.15 per cent. It had lost 3.26 per cent the previous week. “The market continues to maintain a recovery pace, but in general, developments still show caution as the market rallies, as shown by the decreasing liquidity to low levels. Low liquidity also indicates that temporary supply pressure has not put much pressure on the market,” said Việt Dragon Securities Co. “With the state of supply and demand exploration yielding unclear results, it is likely that the market will fluctuate in the range of 1,150 - 1,165 points in the early … [Read more...] about Shares to wait for supportive information
Green-certified office buildings on the rise, Photo: Shutterstock Standard Chartered Bank Vietnam’s head office in Hanoi was the latest to be awarded LEED Gold certification at the beginning of September, demonstrating the bank’s commitment to sustainability and delivering the most environmentally conscious design. The bank has fulfilled the standards set by the LEED Green Building rating system of the US Green Building Council (USGBC). The verification includes a range of factors including energy efficiency, human health and wellbeing, water conservation, indoor environmental quality, sustainable and regenerative material cycles, and active community engagement. Michele Wee, CEO of Standard Chartered Bank (Vietnam), said that certification reflected the bank’s shared values and commitment to crafting spaces that excel in functionality while minimising ecological footprint. “Standard Chartered commits to continuing to drive sustainable economic growth, embrace responsible … [Read more...] about Green-certified office buildings on the rise
National Assembly Chairman Vuong Dinh Hue (second, right) visits Bangladesh's Beximco Pharmaceuticals Ltd. (Photo: VNA) Dhaka (VNA) – National Assembly Chairman Vuong Dinh Hue on September 23 visited Bangladesh's Beximco Pharmaceuticals Ltd., which is cooperating with Vietnam in the fields of yarn imports and pharmaceuticals distribution, as part of his official visit to the South Asian country. Meeting with the company’s leaders, NA Chairman Hue hailed the firm’s exports of some products to Vietnam, a market with a population of 100 million people, and stressed the possibility for Beximco to tap into a larger market of the Association of Southeast Asian Nations (ASEAN) with 650 million consumers. Mentioning the company's major business fields of pharmaceuticals and apparel, the NA Chairman said these are two spheres where Vietnam and Bangladesh have advantages and should promote cooperation. Vietnam has paid due attention to and encouraged medical projects, … [Read more...] about NA Chairman visits Bangladesh’s Beximco Pharmaceuticals Ltd.
Meeting with the company’s leaders, N.A. Chairman Vuong Dinh Hue hailed the firm’s exports of some products to Vietnam, a market with a population of 100 million people, and stressed the possibility for Beximco to tap into a larger market of the Association of Southeast Asian Nations (ASEAN) with 650 million consumers. Mentioning the company's major business fields of pharmaceuticals and apparel, the N.A. Chairman said these are two spheres where Vietnam and Bangladesh have advantages and should promote cooperation. Vietnam has paid due attention to and encouraged medical projects, products and solutions which play an increasingly important role in the post-COVID-19 period, he said, underscoring that incentives have been given to projects on research and production of medicinal materials, and technology application to produce medicines. The top legislator highlighted Vietnam’s new and breakthrough policies to improve the quality of medical examination, and create a legal … [Read more...] about N.A. Chairman visits Bangladesh’s Beximco Pharmaceuticals Ltd.