VietNamNet Bridge - The Vietnamese stock market in 2017 saw stock prices escalating, but not all investors could make money. The stock market in 2017 saw stock prices escalating Tuan, a 27-year-old investor, spends most of his time watching electronic boards on securities and trading floors and calling brokers. He was surprised that the CMG share price had dropped so dramatically despite the upward trend of the market. The high GDP growth rate, the government’s actions, and foreign capital flow are the three factors behind the strong rise of the stock market in 2017. ‘Too strong’, ‘crazy’ and ‘incredible’ are the words investors use to describe the rise of the stock market in 2017. RELATED NEWS GDP growth must rely on internal strength: economists Three scenarios for Vietnam stock market in late 2017 Kim Chi … [Read more...] about What’s behind the strong performance of the stock market in 2017?
The HCM City Development Bank, as it is formally known, has received approval from the southern bourse to list over 981 million shares under the HDB symbol at a reference price of VND33,000 (US$1.45). This is considered quite high compared to the prices of other bank shares listed on stock markets, and is behind only Vietcombank, VPBank and ACB. The listing, which is advised by Saigon Securities Incorporation (SSI), will value the lender at around VND32.4 trillion (US$1.43 billion), making it one of the 20 biggest companies by market capitalisation on HoSE. With an allowed trading band of 20% on each side of the reference price on opening day, HDB can potentially soar to VND39,600 on listing. HDB is currently one of the most favoured stocks in the over-the-counter (OTC) market, with its price rising consistently to occasionally reach VND31,000. Since December 14, 2017, it has ceased to trade on the OTC to prepare for the listing. On December 22, 2017, HDBank raised US$300 million … [Read more...] about HDBank to list on HCM stock market this week
Updated at Saturday, 30 Dec 2017, 12:46 The Hanoitimes - The Vietnam Stock Index increased 46.9 percent year-to-date as investors bought into the country`s rapidly-growing economy. The country is technically still classified as a frontier market by MSCI, but has been working on improving accessibility to foreign investors as it tries to get an upgrade to emerging market status. Besides encouraging local companies to publish updates in English, the government has also moved to privatize state-owned firms. A majority stake in Sabeco, Vietnam's largest brewer, auctioned off earlier this month was won by a unit of Thai Beverage. Vietnam is expected to qualify for emerging market status. "The sale of some state-owned enterprises should help lower Vietnam's rising national debt and also attract significant foreign direct investment," Chetan Sehgal, director of global emerging markets and small cap strategies at Templeton Emerging Markets Group said. "At this stage, Vietnam … [Read more...] about Vietnam to soon qualify for emerging market status
The 128 flower markets will be opened in 21 districts throughout the city from February 8-15, 2018. Photo: giaoduc.edu.vn Among the selected areas, District 10 will have the most locations, 21, to be turned into flower markets. It is followed by Thu Duc District, Can Gio District, and District 8, which will host 19, 18, and 13 such markets, respectively.At the city level, the three main flower markets, all of which are under the management of state-run Cong Vien Cay Xanh Co. Ltd., are due to open in the “September 23”, Le Van Tam and Gia Dinh parks. Translated by Chung Anh … [Read more...] about Southern hub to open more flower markets for Tet holiday
The FLC Chairman holds a portfolio of shares worth VND58,851 billion, an increase of VND25,045 billion compared to 2016. Mr Quyet’s portfolio includes 318,514,630 of ROS shares, 135,187,150 FLC shares, and 2,630,000 of ART shares. Chairman of Vingroup Pham Nhat Vuong ranks in second place with a total capitalization of VND55,962 billion, followed by Tran Dinh Long, Chairman of Hoa Phat Group Joint Stock Company with VND17,875 billion, and Nguyen Thi Phuong Thao, President and CEO of Vietjet Air with VND17,669 billion. Ms Thao now holds shares in VJC and HDB. With plans to list on the Ho Chi Minh Stock Exchange in 2018, there will be further changes in Ms Thao’s rank in the stock market.Wife of the Vingroup Chairman Ms Pham Thu Huong secured fifth position with a total capitalization of VND9,650 billion, trailed by Mr Bui Thanh Nhon, Ms Pham Thuy Hang, Ms Vu Thi Hien, Mr Nguyen Van Dat, and Ms Le Thi Ngoc Diep – wife of Mr Trinh Van Quyet. The ten richest … [Read more...] about FLC Group Chairman becomes richest man in stock market 2017