Insurance bonding for small business

Hanoi (VNS/VNA) - The Ministry of Finance will tighten regulations over corporate bond issuance because of an overheating market to protect investors and prevent risks which might arise from the abuse of this capital raising channel. The ministry has made public a draft decree to amend several points of Decree 163/2018/ND-CP about corporate bond issuance for comments, which included amendments of conditions for corporate bond issuance, rates, issuance approach in domestic and international markets, information disclosure and reporting mechanism. It was pressing to tighten the management as the market has seen rapid growth since banking credit for several sectors were narrowed, forcing firms to shift to bond issuance to raise capitals. The corporate bond market has been overheating development in recent years. Statistics of the Hanoi Stock Exchange showed that 211 firms issued bonds worth totally 280 trillion VND (12.1 billion USD) in 2019, representing a rise of 25 percent … [Read more...] about Ministry eyes tightening corporate bond issuance

Moving in 2020, GoBear is exploring new ways in which it enables larger financial inclusion, providing credit access to millions of unbanked customers. “GoBear has grown significantly because we provide our partners with innovative technology, and market intelligence required to compete rapidly and successfully in both local and international markets,” added Bao Nguyen. “What we see in growth for lending is paving the path to develop a more data-driven lending business in 2020.” … [Read more...] about Closing out 2019 with record growth, GoBear plans to accelerate development for digital lending and insurance

Starting from this year, Vietnam is going to implement the ASEAN Trade in Goods Agreement (ATIGA). Accordingly, sugar products from countries in the ASEAN imported into Vietnam will not be imposed quotas so there is a high possibility that the price of imported sugar will be cheaper than the domestic one. Moreover, the domestic sugar industry has been always facing difficulties because of smuggled sugar so this is expected to be a rough year for the domestic sugar industry. Last year, Thailand exported more than 1 million tons of sugar to Cambodia but only 200,000 tons of sugar were consumed here so the rest 800,000 tons of sugar might be smuggled into Vietnam. On average, Vietnam needs 1.45 million tons of sugar annually which can be provided sufficiently by the domestic sugar industry. However, cheap smuggled sugar competes with domestic sugar, hurting the domestic sugar industry. At a meeting on prevention of sugar smuggling, Mr. Truong Van Ba, Deputy Chief of the Standing Office … [Read more...] about Vietnam’s sugar industry expected to face more difficulties this year

Hanoi (VNS/VNA) - For two decades, farmer To Nguyen Ho Hai in the Central Highlands province of Gia Lai grew peppers, enjoying a boon in production. Five years ago, the industry was doing so well, and the price of peppers so high, he more than doubled his investment, increasing from 900 pepper pillars to 2,000.    At the time, farmers took their profits and reinvested with prices hitting as much as 260,000 VND (11.2 USD) per kg at their peak in 2015. Hoang Phuoc Binh, Vice Chairman of the Pepper Association of Gia Lai province’s Chu Se district, recalled the time when peppers were hot in more ways than one.   “Every farmer, every household grew peppers,” he said. “The more profit they earned, the more money they poured in investing in buying land to grow more pepper.” According to Vu Ngoc An, Deputy Director of the provincial Department of Agriculture and Rural Development, when people saw households making profits of up to 500 million … [Read more...] about Quality key to pepper growth, not quantity

HCM City (VNA) - VinaCapital - the leading investment management group in Vietnam - on August 30 announced the establishment of VinaCapital venture capital fund at a scale of 10 million USD, aiming to continue its investment strategies in technology startups. The firm also publicised the fund’s first investment activities in Logivan and FastGo - the two prominent startups in technology solutions in the field of transport in Vietnam. Tran Nhat Khanh, Technology Investment Director of VinaCapital, said that the launch of the fund aims to enhance cooperation with engineers, scientists and innovators who use technologies to create solutions to difficulties in different areas, thus encouraging customers to apply new technologies to improving the economic efficiency for each individual and the whole society. The value of each investment can be up to 10 million USD with unlimited time for share holding. VinaCapital Ventures also gives enterprises that the fund invests in the … [Read more...] about VinaCapital launches venture investment fund