Search Results:

You searched for: incorporation of companies in vietnam

Kuwait a gateway to Gulf market

Kuwait is considered a potential market for Vietnamese goods as well as a gateway for Vietnamese enterprises to enter the Gulf Cooperation Council (GCC) market, said Vietnam’s trade counsellor in Kuwait. Economic relations between Vietnam and Kuwait are making great strides, but they are still not commensurate with the potentials and the expectations of the two nations, Le Ba Ngoc told the Daily on the sidelines of the Asia Cooperation Dialogue hosted in Kuwait. Kuwait has become an important energy security partner of Vietnam. Kuwait Petroleum Incorporation (KPC) and Vietnam Oil and Gas Group (PVN), along with two Japanese partners...

Vietnam Hi-Tech Agro promotes agricultural achievements

(VEN) – The Investment and Trade Promotion Center (ITPC) in Ho Chi Minh City will host an international exhibition on high-tech agriculture and food processing (Hi-Tech Agro 2012) on October 24-28. ITPC Director Pho Nam Phuong talked about its exhibitions in an interview with Vietnam Economic News’ reporter Phung Long. Why did you decide to organize the Hi-Tech Agro trade fair in HCMC? HCMC was the first city to build an agricultural hi-tech park and was selected as a typical model for rolling out across the country. After 10 years of construction, HCMC’s hi-tech agricultural sector has...

Securities Companies En Mass Cut PVX Margin Support to Zero

Ho Chi Minh City Securities Corporation (HCM) announced to cut PetroVietnam Construction Joint Stock Corporation (PVX) margin support to zero from September 12. While FPT Securities Company (FPTS) said it removed PVX from the margin list from today, Sept 12. Earlier, Tan Viet Securities Incorporation (TVSI) removed PVX from the margin support list from Sept 10. Military Bank Securities announced to cut weigh of PVX in the “Business Cooperation Contract (BCC)” with customers to 40% from previous 40%. In September, BIDV Securities JS Company (BSC)...

Q2/2012: HSC Tops Brokers on HOSE, Phuong Nam Securities Makes Surprise

Ho Chi Minh City Securities Corporation (HSC) moved up 1 step to top brokers on the Hochiminh Stock Exchange(HOSE), Vietnam’s primary bourse, in the second quarter of this year with 11.47% of the brokerage market share, higher than its 11% in Q1/2012 Saigon Securities Inc. (SSI) gave up its No1 position for the first time in 7 quarters as its market share fell to 8.06% in Q2/2012, ranking second in the top 10 list. In Q1/2012, the broker had 11.74% market share. ACB Securities JSC (ACBS) remained in the third place of the top list with 6.25% market share, much lower than its...

FLCS to hike chartered capital to 300b dong

FLC Securities Joint Stock Co (FLCS) on June 30 organized its annual general meeting (AGM) and passed this year’s business plan with revenue of 118 billion dong and after tax profit at 1.14 billion dong . Also at the AGM, shareholders agreed to hike chartered capital from the current 135 billion dong to 300 billion dong and add issuing underwriting operation in its business line. Since early 2012 so far, FLCS has been the single securities company adopting plan to scale up chartered capital to expand business line. Earlier, the market saw some cases of securities companies reducing business lines and lowering chartered capital such as...

Vietnam Stock Market Regulator Puts 6 Securities Companies under Special Watch

The State Securities Commission (SSC), the stock market watchdog, has announced to put 6 securities companies under special watch because their Capital Adequacy to total risks fell under 120% from today April 23. The move follows the Circular 226/2010/TT-BTC of December 31, 2012 by the Ministry of Finance. The names of theses 6 companies are: 1. Rubber Securities JSC. 2. Vina Securities Joint Stock Company; 3. Hanoi Securities company; 4. Truong Son Securities Incorporation ; 5. Da Nang Securities Company; 6. MeKong Securities Corporation . Source

Q1/2012: SSI Tops Brokers on HOSE, HSC Leads on HNX

Saigon Securities Inc. (SSI) continued to top brokers on the Hochiminh Stock Exchange(HOSE), Vietnam’s primary stock exchange, in the first quarter of this year with 11.74% of the brokerage market share. This is the sixth consecutive quarter the broker house has maintained its No 1 position in the list, the HOSE’s data showed, however, its market share in the past quarter was lower than its 12.25% in Q4/2011. Ho Chi Minh City Securities ( HSC ) remained the second biggest broker with 1 1% of the market share on the bourse in Jan-March higher than its 8.5% market shares in Q...

A busy year for M&A activities

2011 marked a busy year for corporate M&A (mergers and acquisitions) activities with a total value estimated at US$2.67 billion, 1.5 times higher than the previous year. Unlike previous years, foreign-related M&A deals, mostly in the fields of consumer products, finance and real estate, stole the spotlight in 2011, accounting for 81.3 percent of the total amount. Some M&A deals also emerged as a result of the withdrawal of capital by investment funds and the restructuring of domestic groups. The three biggest M&A deals in 2011 were Charoen Pokphand Group China’s buying 70.8 percent of the share of CP Vietnam Corporation, Russian mobile phone service...

SSI Continues Leading HoSE Stock Brokers in Q4/ 2011 & Whole Year

Sai Gon Securities Inc. (SSI) continued to top brokers on the Hochiminh Stock Exchange (HoSE) in the fourth quarter of this year with 12.25% market share. Ho Chi Minh City Securities (HSC) remained the second biggest broker with 8.5% market shares and Sacombank Securities sustained its third position with 6.05% market share, the bourse said […]

Imparting insight

Mr Louis Taylor, CEO of Standard Chartered Bank (Vietnam) Limited, shared his views with on the occasion of the launch of non-stop flights from Hanoi and Ho Chi Minh City to London. What is your view of the bilateral relationship between the UK and Vietnam in recent years in terms of economic, trade and investment links? The UK-Vietnam relationship has intensified rapidly in recent years. Since the signing of the Vietnam-UK strategic partnership in 2010, co-operation across various fields, including economic, trade and investment links, has been strengthened and deepened. According to the UK’s Statistical & Analysis...