By listing more than 2.2 billion shares on the Unlisted Public Companies Market (UpCOM), Viettel Global has become the listed mobile information services company with the most international markets. Viettel Global started trading on the UpCOM on September 25 September 25, 2018 was the first day of trading for the shares of Viettel Global Investment Joint Stock Company (Viettel Global) on the UpCOM. With the reference price of VND15,000 per share, the company was worth nearly $1.5 billion. Viettel Global is the mobile information service firm which has the most markets among the firms listed on the UpCOM. Although Viettel Global is running business in 10 international markets at present, there are only nine markets included in its consolidated business results, including Cambodia, Laos, Haiti, Myanmar, Burundi, Mozambique, Tanzania, Cameroon, and East Timor. In particular, Peru is the market where Viettel Global achieved the highest revenue and profit this time, … [Read more...] about Viettel Global lists 2.2 billion shares on UpCOM
Mid size accounting firms list
Annual awards recognise listed firms for corporate governance, success
The Viet Nam Listed Company Awards (VLCA) kicked off its 2018 season in HCM City on Tuesday. The awards, given jointly by the HCM City Stock Exchange (HOSE), the Ha Noi Stock Exchange (HNX) and Viet Nam Investment Review magazine, and sponsored by Dragon Capital Group, are an extension of the Viet Nam Annual Awards (ARA), an event that has accompanied the growth of Viet Nam’s stock market and listed companies for a decade now. Besides the annual reporting awards and the sustainability reporting awards, this year’s contest will also conduct an in-depth review of corporate governance standards at listed companies. The aim of the review is to encourage listed firms to adopt international standards of governance and promote sustainability. A corporate governance set of standards developed by the VLCA’s organising committee is based on the standards of Organisation for Economic Co-operation and Development (OECD) countries, with adjustments made to suit the local … [Read more...] about Annual awards recognise listed firms for corporate governance, success
HSSC creates options overseas for locals
Hanoi Times - Mid-sized Vietnamese companies will get a new opportunity to list on an international stock exchange, thanks to a deal signed yesterday between Ha Noi Securities Corporation (HSSC) and UK-based Asian AIM Incubator Company Limited (AAIC). Although infrastructure and economic-spin-off projects are everywhere in Vietnam, investment is poor. AAIC wanted to bring Vietnamese enterprises an effective channel for capital mobilization. Patrick G Harey, Managing Director of AAIC, said that Vietnam is a land with great potential to develop. "It is in the Alternative Investment Market (AIM) where I want to bring Vietnamese enterprises, as the requirements to list in this market are ideally suited for them," Harey said. AIM is the London Stock Exchange's international market for smaller growing companies. Its objective is to offer smaller growing companies from any country and any industry a chance to raise capital on an international stock market with a pragmatic and … [Read more...] about HSSC creates options overseas for locals
BUSINESS IN BRIEF 4/3
VN targets $11 bln in FDI disbursement Vietnam will focus less on the amount of foreign direct investment (FDI) registered capital, but more on FDI disbursement next year, expecting to dole out US$10-11 billion, said an official. The country sets a target of attracting $15-16 billion of FDI registered capital in 2012, with a focus placed on improving the projects' quality and efficiency, and enhancing the State's management, said Do Nhat Hoang, Head of the Foreign Investment Agency under the Ministry of Planning and Investment at a press briefing in Hanoi on December 30. Areas for investment will also be carefully selected, with priorities to infrastructure, "green" industries that are friendly to the environment, supporting industries, and high-tech industries of highly global competitiveness. Meanwhile, limit will be in non-production areas that may increase the imports or pollution. In 2011, Vietnam attracted $14.7 billion in FDI, down 26 percent from the previous year, but … [Read more...] about BUSINESS IN BRIEF 4/3
BUSINESS IN BRIEF 4/1
VN targets $11 bln in FDI disbursement Vietnam will focus less on the amount of foreign direct investment (FDI) registered capital, but more on FDI disbursement next year, expecting to dole out US$10-11 billion, said an official. The country sets a target of attracting $15-16 billion of FDI registered capital in 2012, with a focus placed on improving the projects' quality and efficiency, and enhancing the State's management, said Do Nhat Hoang, Head of the Foreign Investment Agency under the Ministry of Planning and Investment at a press briefing in Hanoi on December 30. Areas for investment will also be carefully selected, with priorities to infrastructure, "green" industries that are friendly to the environment, supporting industries, and high-tech industries of highly global competitiveness. Meanwhile, limit will be in non-production areas that may increase the imports or pollution. In 2011, Vietnam attracted $14.7 billion in FDI, down 26 percent from the previous year, but … [Read more...] about BUSINESS IN BRIEF 4/1