Lack of disclosed information, listing plans and risks of non-performing loans are dragging OTC-traded bank stocks down. Orient Commercial Joint Stock Bank (OCB) is among the banks still traded on the Over-The-Counter (OTC) market, which is a decentralised and less transparent trading platform. — Photo vietnambiz.vn Seven banks are trading shares on the Over-The-Counter (OTC) market, which is decentralised and less transparent as it is subject to fewer regulations and dealers can set the prices for buying and selling a security, currency and other financial products. That already makes shares of those banks riskier and less attractive to investors because they are not bound by any regulations regarding information disclosure. The seven banks include the Orient Commercial Joint Stock Bank (OCB), Maritime Commercial Joint Stock Bank (MSB), Dong A Bank, Bao Viet Commercial Joint Stock Bank (BaoVietBank) and Viet A Bank. Among those, only MSB and Viet A Bank have published … [Read more...] about Vietnam’s OTC-traded bank shares too cheap for purchases
Vietnam rok investment and trade forum
At the talks, Gen. Giang expressed his pleasure at the visit of the RoK delegation and the logistics cooperation between the two militaries. Vietnam and the RoK officially established diplomatic ties in 1992. On the basis of the bilateral relations, the two countries' militaries also founded defense ties. Since the two countries upgraded their relations to a strategic partnership in 2009, they have expanded the bilateral cooperation in various fields, and reached a lot of practical achievements, he stressed. At the talks In June 2006, the two sides signed a Memorandum of Understanding on mutual support in UN peacekeeping operations and humanitarian assistance and disaster relief. This is a basis for the two militaries' arms and services to implement the agreed cooperation contents, he added. Gen. Giang also hoped that the cooperation between the two militaries' logistics sectors would develop more intensively and practically through the visit. Expressing his thanks to … [Read more...] about Vietnam, RoK promote logistics cooperation
Prime Minister Nguyen Xuan Phuc (R) and Kim Jung-tai, Chairman of Republic of Korea's Hana Financial Group Inc. (Source: VNA) Hanoi (VNA) – The Vietnamese Government will create the most favourable conditions for firms from the Republic of Korea (RoK) to operate successfully in Vietnam, Prime Minister Nguyen Xuan Phuc said on November 11. At a reception for Kim Jung-tai, Chairman of Hana Financial Group Inc. of the RoK in Hanoi, the leader welcomed the Korean firm’s operation in Vietnam and said he is delighted that the RoK attaches great importance to Vietnam's role in its New Southern Policy. The Vietnam-RoK cooperation has recorded strong developments in recent times, and collaboration between Hana Group and the Bank for Investment and Development of Vietnam (BIDV) is a vivid manifestation of this bond, he stressed. According to PM Phuc, there are more than 6,000 Korean enterprises operating in Vietnam, and about 160,000 Korean nationals living and working in … [Read more...] about Prime Minister greets RoK financial group’s leader
Since it normalized relations with the powers like China in 1991 and the USA in 1995, Vietnam has begun to integrate into the global economy. Throughout this process of integration, Vietnam has signed numerous free trade agreements (FTAs) with countries and groups of countries. Vietnam's earliest FTA was the agreement signed with the Association of Southeast Asian Nations (ASEAN) in 1996, just one year after Vietnam joined ASEAN. Then, in 2007, Vietnam officially became a member of the World Trade Organization (WTO). After that, Vietnam signed many more FTAs, especially the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) at the end of 2018 and most recently the EU-Vietnam Free Trade Agreement (EVFTA) in June 2019. So far, Vietnam has signed 13 trade agreements, of which 12 have entered into force. Vietnam is also negotiating three other agreements. Economic powers such as the US, China, Japan and South Korea have inked trade agreements with Vietnam. These … [Read more...] about Who will lead Vietnam’s economy?
Vietnam Economy Vietnam, S. Korea target US$100 billion trade by 2020 By Nhan Tam Monday, Nov 11, 2019,17:50 (GMT+7) Vietnam, S. Korea target US$100 billion trade by 2020By Nhan Tam A representative of Thua Thien-Hue Province signs a deal with a South Korean partner to develop the industrial infrastructure in the central province, witnessed by Deputy Prime Minister Trinh Dinh Dung – PHOTO: NHAN TAM DANANG – Vietnam and South Korea considered ways to bolster trade and investment ties to bring their bilateral trade to US$100 billion next year at the Vietnam-South Korea Business Summit at the Chu Lai Open Economic Zone in the central province of Quang Nam last Friday. Deputy Prime Minister Trinh Dinh Dung and Chairman of South Korea’s Presidential Committee on the New Southern Policy Joo Hyung-chul co-chaired the event. The summit, which gathered more than 250 major Korean firms and their Vietnamese … [Read more...] about Vietnam, S. Korea target US$100 billion trade by 2020