Brian SpenceViet Nam News Brian Spence* Congratulations! You’re ready to start investing. It might seem like a small step, but years from now you’ll look back and realise how meaningful this moment was to your financial future. This could be the defining decision that helped you achieve your financial dreams. However, dipping your toe into the waters of investing can seem a little daunting at first. Questions of which stocks to buy, how to manage risk and when to sell are likely to be at the front of your mind. But help is at hand. Here, I’ll walk you through the main decision-making processes. When and how do I buy my first stocks? Over the long term, stocks outperform any other asset class, so deciding to invest in the markets is undoubtedly a good decision. But don’t run out and buy stocks straight away – no matter what “hot tip” has come your way. Before selecting your first investment, you must complete the following financial steps. … [Read more...] about How to pop your cherry in Việt Nam’s stock market
Loan to pay off credit card
January budget revenue rises 7.5 per cent State budget revenue was estimated at a total of VND144.6 trillion (US$6.15 billion) in January, representing a rise of 7.5 per cent over the same month of 2018. The month’s budget collection was equivalent to 10.2 per cent of the target for the full year. According to the latest report from the Ministry of Finance, domestic revenue accounted for more than 83 per cent of the total and rose by 5.3 per cent over January 2018. Revenue from crude oil was estimated at VND4.5 trillion, up 5.7 per cent. Imports and exports maintained their growth momentum in the first month of 2019, the ministry said, adding that trade revenue reached VND19.5 trillion, or 10.3 per cent of the plan for the full year. Budget spending was estimated at VND92.9 trillion. In January, VND30.4 trillion worth of Government bonds were issued. The ministry said that, in January, it asked the Prime Minister to issue a directive on enhancing the use of official development … [Read more...] about BUSINESS NEWS IN BRIEF 13/2
By utilising a number of different disruptive technologies, FE Credit have been able to stay ahead of the competition Call of the future While a number of its competitors have been quite comfortable launching mobile apps in recent years to respond to the digital era, FE Credit has gone the extra mile in employing cutting-edge technologies to transform its entire operation, from not only its front-end with products and services for customers, but also to the back-end where lending processes and administration works are all automated. Such a digital transformation, according to Kalidas Ghose, vice chairman and CEO of FE Credit, is the company’s very responsive action to a sector that is maturing, ultimately it will help FE Credit gain market share. The tale of FE Credit disrupting itself, as the CEO shared in a recent interview in Ho Chi Minh City, began early last year when he and his team fully deconstructed its existing business model. They then rebuild it with a … [Read more...] about FE Credit’s effort to disrupt its own business model is starting to pay off
After the scandal brought out, DeAura spas have been renamed to Lily, Aphrodite Eros, Camellia, and Venus DeAura swindles customers to sign loan agreement DeAura set foot in Vietnam just two years ago, during which a lot of scandals point out dishonest business practices. Dozens of customers have visited the company headquarters to ask for a refund on DeAura's skincare products. Nguyen Thi Hoi coming from Thach That district (Hanoi) was very tired and said that after clicking “Like” on facebook by accident, she was invited to try DeAura’s beauty services and put into loan trap of VND43 million ($1,900). After trying the product on half of her face, she was invited to buy a set of skincare products at the preferential price of VND43 million ($1,900) (the original price was VND73 million–$3,200). Hoi denied numerous times because she was unemployed at the time. However, DeAura officers enticed her with sweet words that she should spend only VND50,000 ($2.2) a … [Read more...] about DeAura scam hard case to punished?
Viet Nam News by Brian Spence This week, we take a look beyond shares and bonds at some of the more unusual and potentially lucrative alternative investment opportunities. “Alternative” investments is a catch-all term for anything that is not shares, bonds, mainstream property or cash. Beyond these traditional asset classes, Vietnamese investors can invest in everything from stamps and fine wine. Of course, the fact that alternative investment opportunities exist does not mean these investments are safe or advisable. Before you even consider an alternative investment opportunity, you need to understand the risks. When you’ve understood some of the dangers, take a look at some of the alternative investment ideas below. All of them are available to Vietnamese investors, although not all are Việt Nam-based. We’ve put them roughly in order of risk, starting with the “safest” and ending with those you should definitely steer clear of. This is … [Read more...] about Alternative investment opportunities in Việt Nam