More firms seek to get delisted Thanh Thuong By Thanh Thuong - The Saigon Times Daily HCMC – There have been more many listed companies seeking approval for listing cancellation from shareholders via extraordinary shareholders meetings due to different reasons. The latest listing cancellation is of Viglacera Dong Trieu Company (DTC). The firm’s shareholders in a meeting last Friday ratified the voluntary cancellation of listing of four million shares on the Hanoi Stock Exchange (HNX) to shift to the market for unlisted public companies, or UPCoM, expected to take place next quarter. The company has adopted the early withdrawal step as there is a high possibility that its listing will be canceled by the stock regulator due to the company’s accumulated loss of VND55.32 billion in the first nine months of the year, exceeding its chartered capital. It is even expected to suffer an additional loss of nearly VND12 billion in the fourth quarter of this year. Similarly, … [Read more...] about More firms seek to get delisted
Opportunity seeking meaning
By Binh Nguyen - The Saigon Times Daily HCMC - U.S. scientists and professors have been in Vietnam for almost 10 days to interview and select candidates for the 2012 Fellowship Program in the U.S., organized by the Vietnam Education Foundation (VEF). The VEF, which is an initiative of the U.S. Congress, said up to 45 new fellows would be selected from 76 qualified finalists that the U.S. scientists and professors had interviewed before they complete their Vietnam visit on Friday as planned for this oral exams as well as presentations at Vietnamese universities and institutes. Lynne A. McNamara, executive director of the VEF, told reporters in HCMC that the new fellows would begin graduate programs in the fields of sciences, engineering, mathematics, medicine and technology at top research universities and institutions in the U.S. in autumn next year. Over the past years, the VEF Fellowship Program has placed 385 Vietnamese fellows at 82 top U.S. graduate institutions, mostly for … [Read more...] about VEF seeks candidates for fellowship programs in U.S.
Some Vietnamese and foreign experts spell out the opportunities for Vietnam from becoming the newest member of the World Trade Organization (WTO) and how it should tackle challenges it will face. The WTO is expected to vote in favor of Vietnam's entry Tuesday, making it the 150th member of the global trade body. Mr. Vu Khoan, former deputy prime minister … [Read more...] about Opportunities, threats for Vietnam post-WTO
Despite some political noise around the world, overseas investors have not lost their enthusiasm for Asia’s frontier markets, reflected in the amount of money they continue to pour into Vietnamese stocks amid an improving growth outlook for the country. Vietnam and its investors may have been disappointed this year, when the New York-based Morgan Stanley Capital International (MSCI), a leading provider of investment decision support tools worldwide, did not reclassify the country as an emerging market; a title that could help its stock market attract more capital inflows than its current frontier market designation brings. Speculative economy“Modest” is how Chairman of Saigon Securities Incorporation (SSI) Mr. Nguyen Duy Hung recalls the initial stages of the local stock market as the country prepared to join the World Trade Organization (WTO) in 2007. “When a large amount of money poured into the stock market with only a few listed companies, … [Read more...] about Seeking status