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Last year, the number of banks and real estate enterprises that issued bonds to attract capital accounted for a large proportion of the market. In January this year alone, real estate companies lured more than 50 percent of the total amount of money mobilized in the bond market. In recent years, many large real estate companies have a capital value of tens of trillions of Vietnamese dong but their stock prices have dropped to below VND10,000 per share. Now, banking stocks have been experiencing the same situation. For instance, Saigon Hanoi Commercial Bank stocks (SHB) were below par value although its pre-tax profit exceeded VND3 trillion last year. Similarly, the price of Kien Long Bank’s stocks (KLB) also hovered at its IPO value. Even the price of Lien Viet Post Bank’s stocks (LPB) was merely above VND7,000 per share. When the stock prices plummet heavily, it means that the capital mobilization channel in the stock market is no longer attractive. Banks cannot issue … [Read more...] about Enterprises race to mobilize capital from corporate bonds

Coronavirus may lower Vietnam’s State budget by VND42.3 trillion: ministry The State budget may face a shortfall of some VND42.3 trillion (US$1.8 billion) this year due to the ongoing spread of the novel coronavirus, or Covid-19, according to the Ministry of Planning and Investment.   … [Read more...] about Company profit growth in VN to slow down in 2020: reports

Vũ Đại Thắng, a participant in Hà Nội, said all the registration procedures were simple as they could access the project’s official website at trieungoinhaxanh.com.vn for information and membership inquiries. — VNS … [Read more...] about 1,000 ‘green’ houses to be developed in Việt Nam in 2020

Entitled 'Millions of green houses', the project was launched by the VCCA and local NGO GreenID in September 2019, aiming to accelerate efficient energy use and the development of rooftop photovoltaic power stations in 1 million houses and buildings in Vietnam by 2030. GreenID director Nguỵ Thị Khanh, on Monday, said after the piloting period, until February, more than 430 households in Đắk Lắk and Cà Mau provinces had set up rooftop solar panels, solar water heater, biogas and energy-saving LED lights. A reverse osmosis water purifying system using solar energy was built at a school in Đắk Lắk to provide drinking water for about 500 students. The project expects to benefit people living in isolated areas who have limited access to the national power grid in approaching sustainable energy, effectively treating agricultural waste and protecting the environment. Participating households in Hanoi can both reduce energy expenses … [Read more...] about 1,000 ‘green’ houses to be developed in Vietnam in 2020

Vietnamese Deputy Minister of Health Do Xuan Tuyen speaks at a government meeting to discuss COVID-19 prevention measures in Hanoi, Vietnam, February 24, 2020. Photo: Viet Dung / Tuoi Tre Speaking at the event, Prime Minister Phuc ordered ministries and localities to continue taking preventive measures against COVID-19. … [Read more...] about Vietnam shall quarantine all from COVID-19-hit areas in South Korea: PM