Swiss investment fund for emerging markets

The limited earmarked state finances should be used effectively to catalyse large investments from the private sector that can be blended with other sources of public finance. The government should also accelerate the introduction of innovative finance schemes such as green bonds and carbon trading schemes so that SMEs can tap into this new finance channel. It is important to have transparent and robust operational guidelines and criteria to gain confidence of SMEs for accessing the fund, as well as to co-invest in potential projects and leverage other credit sources. VIR … [Read more...] about Caution urged for SME fund processes

Hanoi (VNA) – Finland will provide more than 100 million USD for public investment projects in Vietnam, starting from 2021, under a bilateral Framework Agreement on the use of Public Sector Investment Facility (PIF) backed and guaranteed by the Finnish Government. The signing took place on January 21 after several rounds of negotiations between the governments. The signatory from the Vietnamese side was Deputy Minister of Finance Tran Xuan Ha and from the Finnish side was Finnish Ambassador to Vietnam Kari Kahiluoto. The PIF supports the public sector investments in developing countries in line with the Sustainable Development Goals of the UN and utilise Finnish expertise and technology. It supports investment projects in social services provision, such as water supply, environmental sanitation, environment protection, climate change response, energy, and clean technology. In a pre-recorded remark, Finnish Minister for Development Cooperation and Foreign Trade Ville Skinnari … [Read more...] about Finland provides 100 mln USD for public sector investment in Vietnam

HCM City (VNA) - Garment, food processing, pharmaceuticals, information technology (IT), construction materials, and renewable energy are fields of potential where businesses from Vietnam and India can bolster investment in the time to come. This view was shared at the India-Vietnam Investment Forum, held jointly by the Indian Consulate General in Ho Chi Minh City, the Private Economic Development Research Board, the Investment & Trade Promotion Centre of HCM City, and VinaCapital Group on January 22 in HCM City. Don Lam, deputy head of the Private Economic Development Research Board and CEO of VinaCapital, said Vietnam’s private sector continues to expand despite the COVID-19 pandemic. Nearly 135,000 new enterprises with combined capital of 2.2 quadrillion VND (95 billion USD) were set up last year, a 29 percent increase in registered capital compared to 2019. Vietnamese businesses, both large and small, are ready for economic recovery and development, he said, adding … [Read more...] about India-Vietnam Investment Forum held in HCM City

On the other side, Bank for Investment and Development for Vietnam (BID) and SSI Securities Inc (SSI) were the two biggest losers in the VN-30 group with losses of over 2 per cent. Vinamilk (VNM), Hoa Phat Group (HPG), Vietnam National Petroleum Group (PLX) and PetroVietnam Gas JSC (GAS) all fell more than 1 per cent. … [Read more...] about Shares manage to go up despite selling pressure

The update was not a shock to the market as most domestic equities firms expected the result. According to KB Securities Vietnam JSC (KBSV), exchange trade funds like VFMVN30 ETF, SSIAM VN30 ETF, MAMF VN30 ETF are expected to buy about 9.2 million shares of TPB, 2.2 million shares of PDR and over 1 million shares of BVH. … [Read more...] about HoSE releases update of portfolios for indices