Nguyen Duy Hung, chairman of SSI Securities, a leading Saigon broker, said that with a drop of over 20 percent from its peak, when the VN-Index climbed to 1,204 points on April 9, 2018, Vietnam’s stock exchanges have entered a bear market. The benchmark VN-Index on the Ho Chi Minh Stock Exchange lost 1.52 per cent to end Thursday at 878.22 points. On Friday afternoon, it rose to 880.9 points. Perhaps it will take between 8 to 11 months for the market to recover, Hung said. "Historical data suggests that it would take 21 months for a bear market to recover its old peak after hitting bottom." But the SSI chairman said the main challenges facing the stock market in 2019 include worries posed by the escalation of the U.S.-China trade war, and increasing geopolitical risks. "At this point, no one can say how this war will unfold or predict how widespread the impact will be. Along with the decline in oil prices signaling difficulties of the world economy, the rise in geopolitical … [Read more...] about Experts express cautious optimism for Vietnam stock market
Vn index historical data
2018: Yet another bouncing back milestone for Vietnam
Ten years after the disastrous 2008 global financial crisis that seriously affected exports and foreign investment, 2018 has been yet another milestone on the way of bouncing back bolder and better of Vietnam's economy. Latest data from the General Statistics Office (GSO) and the Foreign Investment Agency (FIA) under the Ministry of Planning and Investment paints a bright economic picture of the Vietnamese economy throughout the year. The country posted the fastest pace of economic growth since 2007 by expanding 7.08 percent in 2018, well above the 6.5-6.7 percent target set by the National Assembly, Vietnam’s parliament. With exports this year hitting $244.72, up 13.8 percent against 2017, and imports staying at $237.51 billion, Vietnam posted its highest trade surplus ever in history, at $7.21 billion. Though registered foreign direct invesment (FDI), including fresh, additional and contributed capital, dropped slightly over last year at $35.5 billion, FDI disbursement … [Read more...] about 2018: Yet another bouncing back milestone for Vietnam
Hà Nội City makes the case for a smart transformation
WEF ASEAN 2018: PM Nguyễn Xuân Phúc welcomes Singaporean counterpartASEAN leaders affirm deeper integration key to growth in Industry 4.0-eraVietnamese MIC raises a flat ASEAN initiative at WEFViệt Nam vows to be reliable, prestigious member of AIIBBusinesses and high tech crucial to ASEAN’s agriculture: depputy PM A view of Hà Đông District in the southwest of Hà Nội. — VNA/VNS Photo Trọng Đạt Viet Nam News HÀ NỘI — Ranking among the world’s largest capitals and with a population of around 7.6 million, Hà Nội seems to be almost bursting at the seams with unceasing traffic and chaotic hubbub. The 1000-year-old capital of Việt Nam is a lot of things — its cultural quirks, historical richness and economic vitality might be fascinating; but most wouldn’t consider it an ‘organised’ city, in the sense of modern urban … [Read more...] about Hà Nội City makes the case for a smart transformation
BUSINESS NEWS IN BRIEF 3/8
JLL reports on real estate M&A in first half Vietnam’s real estate market continued to exhibit irresistible appeal among foreign investors in the first half of 2018 and continued to witness high-value merger and acquisition (M&A) transactions in a variety of sectors such as residential, commercial, and industrial, according to Ms. Khanh Nguyen, Associate Director, Capital Markets, Vietnam, at JLL. Joint ventures have become popular among foreign developers who have strong financial capacity and track record, with them joining forces with local developers who own land and have strong connections with the local community. Foreign investors are from many different countries, such as Japan, South Korea, and Singapore, and with an increasing number of groups from Mainland China. JLL observes that there is an increasing number of local investors who are actively seeking real estate deals alongside foreign investors. 2018 started off with the acquisition of Sun Wah office tower … [Read more...] about BUSINESS NEWS IN BRIEF 3/8
VN stocks set new low since December
Viet Nam News HÀ NỘI — Vietnamese shares kept falling on Monday, weighed down by large-cap stocks as investors remained quiet amidst the lack of supporting news among all businesses. The benchmark VN-Index on the HCM Stock Exchange dropped 3.34 per cent, or more than 32 points, to close at 931.75 points, hitting its lowest level since December 15, 2017. The VN-Index had kept rising substantially since December 15, 2017 to hit its all-time high of 1,204.33 points on April 9, 2018. But since that historical landmark, the benchmark index has lost total 22.6 per cent. Last week, the VN-Index decreased by total 7.37 per cent. The minor HNX Index on the Hà Nội Stock Exchange tumbled 6.21 per cent, or 7.11 points, to end at 107.37 points, totalling a three-day decline of 9.1 per cent. The northern market index was down 5.6 per cent in the previous trading week. Nearly 288 million shares were traded on the two local exchanges, worth VNĐ7 trillion … [Read more...] about VN stocks set new low since December