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CTG is one of the 7 Vietnamese stocks included in the index, and other shares were VIC, MSN, STB, DPM, VCB, and BVH which together accounted for 2.4% of the fund value. The iShares MSCI Frontier 100 Index Fund made debut on Thursday September 13, 2012 on NYSE’s Arca exchange under the ticker FM. The fund had total Net Assets as of Sept 13 was $11,363,696 with total shares outstanding shares of 450,000 or Net Asset Value as of 9/12/2012 at $25.25 and the fund will grow in size with new registration. Tracking an index of stocks based in 20 countries including Pakistan, Sri Lanka, Ukraine and Vietnam...
Regarding the lawsuit raised by the British group Interbrand Group against two Vietnamese companies for illegally using “interbrand”, NOIP believes that the victory will belong to the British group. In the interview given to Saigon Tiep thi, Nguyen Thanh Hong, Head of the Enforcement and Appeal Division under the National Office of Intellectual Property (NOIP) said that he believes that the British group will win the case. The defendants have affirmed that they have not “copied” the brand of Interbrand Group, because their companies were established before the day NOIP granted the trademark registration certificate to Interbrand Group on May...
Many local listed firms might have wished they had not traded shares on the stock market or wished they had given listing a second thought now that they have got trapped when it comes to expanding business scopes. At a seminar in HCMC yesterday, some cried out their grievances when their companies were now termed foreign-invested enterprises due to their shares being held by foreigners, and therefore, certain business areas are now off-limits to the companies. Nguyen Xuan Han, director general in Phu Nhuan Service Joint Stock Company, said in the mid-year review meeting held by the HCMC Union of Business Associations that his company had trouble when reregistering business. The company was listed in the end of last year, then, more than 10% of its shares were bought by three foreign investors. Now, when the company registered for a business license in secondary education, it was...
Setting up an enterprise in Viet Nam has been giving business people headaches for years, gobbling up mounds of paper and gallons of ink. However, the consolidation of several different laws on business establishment into one common Law on Enterprises in 2005 marked a step forward, and the Law on Investment, enacted the same year, […]
A seminar was held at the Vietnamese Embassy in Moscow on December 10 to discuss Russia’s legal regulations on foreign investment, the legal rights and labour rights of foreigners in Russia. The seminar was part of an agreement signed by the Vietnam Chamber of Commerce and Industry and the State Registration Chamber (SRC) under the […]
Vietnam’s younger generation is where the future lies for banks and their credit cards. Stable economic growth has boosted consumption among Vietnamese people and gradually seen them approach convenient personal finance services like credit cards. Young people, in particular, represent a future pool of cardholders for bank and financial services companies. Figures from market researchers […]
Quang Trung Software City (QTSC) is the first concentrated information and technology park in Vietnam to have completed infrastructure and it is now ready to receive large-scale high-tech projects. QTSC general director Chu Tien Dung tells VIR’s Minh Thien about its investment attraction strategy. What do you think of Vietnam’s investment environment? The investment attraction […]
Specialists predicted that the foreign investors would continue pumping more capital into Vietnamese stock market in the forthcoming time., Last year, the number of foreign individual investors opening accounts at the securities companies namely SSI, BVSC, ACBS, FPTS, or Kim Eng increased sharply. Many of these stock players were from Japan, China and Korea. Additionally, […]
Foreigners from countries with left-hand traffic systems will be allowed to bring their right-hand drive vehicles into Vietnam with permission from the Ministry of Transport as from November 15, a new decree said. Currently, such cars have to follow caravan tours and are only allowed to enter the country through seven border gates in the […]
The Transportation Ministry has submitted to Prime Minister Nguyen Tan Dung a draft decree that allows cars with steering wheels on the right-hand side owned by foreigners. Under this draft document, foreigners will be permitted to bring right-hand drive cars to Vietnam providing that they meet conditions on registration, technical safety and that the owners […]