Insurance bonding for small business

The country’s rice export is likely to grow further in the first quarter of this year since the ongoing COVID-19 pandemic has led to increasing food demand in a number of Vietnam’s major markets in Southeast Asia and Africa which have placed more orders for Vietnamese rice, according to Nguyen Quynh Nga from the Vietnam Institute of Industrial and Trade Policy (VIOIT). … [Read more...] about BUSINESS NEWS JANUARY 19

10th Allianz survey: Business interruption, Pandemic outbreak and Cyber incidents are the top three global business risks for 2021 -- all strongly interlinked. Globally, Pandemic outbreak rockets to #2 from #17 and is seen as main cause of business interruption in 2021, followed by Cyber incidents. Companies look to de-risk supply chains and boost business continuity management for extreme events. In Asia Pacific, the top three risks are mirrored although Business interruption swaps places with Cyber incidents, which ranks #1 for the second consecutive year. Market developments (#4), Macroeconomic developments (#8) and Political violence (#10) are all rising global risks. Socioeconomic consequences of the pandemic will bring more insolvencies and likely fuel further civil unrest in 2021. Climate change falls to #9 globally but will be back on the board agenda as a priority in 2021. JOHANNESBURG/LONDON/MUNICH/NEW YORK/PARIS/SAO PAULO/SINGAPORE - Media OutReach - 19 … [Read more...] about Allianz Risk Barometer 2021: Covid-19 trio tops global and Asia Pacific business risks

Hanoi (VNS/VNA) - As many as 277 businesses were involved in bond issuances in 2020, mobilising 403.5 trillion VND (17.4 billion USD), via some 2,200 issuance tranches, the Hanoi Stock Exchange has announced. In December 2020, there were 98 registrations for bond issuance with a total registered value of 75.35 trillion VND, 4.2 times higher than the previous month. Of them, there were 47 successful issuances from 35 enterprises, raising 34.7 trillion VND, accounting for 45.7 percent of the total registered value. The banking group was still the largest issuing group in the month, successfully issuing more than 19 trillion VND, accounting for 55.13 percent of the total value of issued bonds. Next was the real estate and construction with proportions of 5.88 percent and 4.38 percent, respectively. Other types of businesses accounted for a total of 28.35 percent of the value of bonds issued in December 2020./. … [Read more...] about Companies collect 17 billion USD via bond issuance in 2020

Apec Group recently issued bonds to mobilise up to VND3 trillion ($130 million) named Happy18Bond, with coupon rates of 18 per cent. This has been attracting the attention of the market and investors, especially in the ongoing difficult economic context. With the abnormally high annual interest rate of 18 per cent, Apec is leaving other property giants in the shade. For instance, Novaland Group offers coupon rates of 10-11 per cent for its corporate bonds, while City Garden does 13 per cent, Phat Dat Real Estate 10-14 per cent, TNR Holdings 10.9 per cent, and Phu My Hung 7.15 per cent. … [Read more...] about Clearing path for safer corporate bond market

The ministry has recommended that investors get access to the evaluation reports by financial firms before buying corporate bonds to understand the target and financial status of the bond issuer as well as the chances and risks of the bond deal. Underwriters and distributors are asked not to sell corporate bonds at all cost and to practice responsibility for providing accurate, transparent information of the bond issuer and the issuance to protect investors. … [Read more...] about Corporate bonds compete with banking deposits