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Tag Archive for ‘Funds’

Vietnam market to maintain upward trend in September 2017

It’s expected to be a strong September on the local stock market, as investors are maintaining confidence after positive economic data in August and a period of prolonged net buying by foreign traders. The VN-Index on the HCM Stock Exchange increased 2.2 per cent last week, with gains in four out of total five sessions. […]

Third phase of Vietnam Central budget’s investment plan deployed

Prime Minister Nguyen Xuan Phuc has signed a decision to allocate almost VND1.3 trillion of the investment plan of the Central budget in 2017 (the third phase), including the recovery of capital from advance funds, for ministries and sectors. The ministries and sectors include the Ministry of Agriculture and Rural Development; the Ministry of Natural […]

Vietnam real estate market: magnet for foreign investors

Property investors in Vietnam have been scaling up their business, while more and more new investors have concluded M&A deals in the real estate sector. A Q2 market report released by Savills Vietnam showed that many foreign investment funds have spent big money to acquire land plots in advantageous positions to develop high-end projects. M&A […]

Vietnam shares may not extend rallies through August, 2017

Vietnamese shares have risen during the last three sessions on both the local exchanges, but this rally is not expected to sustain through the last trading week of August. This is because investors will try to accrue profits from their recent gains, while supportive business-market information is lacking, according to experts. The benchmark VN Index […]

Vietnam’s ODA disbursements rise in the second half of 2017

The disbursement of public investment and official development assistance-based capital through the end of the year is expected to reach government targets. Tran Quoc Phuong, head of the Department of General Economic Affairs under the Ministry of Planning and Investment (MPI)-which manages the country’s public investment and official development assistance (ODA)-said, “Almost 100% of public […]

More Vietnamese investment funds receive licenses as Vietnam stock market thrives

A manager of TVAM said TVAM would launch the new fund – TVGF2 – a closed-end fund in early October. It will be listed on HOSE. Observers commented that more funds are being set up because of improved management and increased demand for investment because of the thriving stock market. PVI, a fund management company, […]

US$69.9 million to upgrade urban areas in Can Tho by WB

The World Bank has funded US$69.9 million to help upgrade urban areas in Can Tho, a major city of Viet Nam, with interest of 2.5 per cent per year, according to the city’s Urban Upgrading Management Committee. Viet Nam’s government contributed $20.4 million. The project includes upgrading roads, water supply and drainage, electricity and light systems in low-income areas of Ninh Kieu, Binh Thuy, Cai Rang and O Mon districts. The funds will also go towards building a 5.5 ha resettlement area in Binh Thuy District with infrastructure including a school, healthcare centre and market. The project is scheduled to finish…

Denmark firm sues Vietnam over tardy ODA project

Vietnam’s project management board in Bac Giang City in the north has to pay EUR1.15 million (US$1.4 million) in compensation to a Demark contractor for finishing an ODA-funded environmental project one year later than planned. The Bac Giang City Environmental Hygiene and Drainage Management Board has to pay the compensation to contractor MT Hojgaard A/S (MTH). MTH had earlier asked for EUR3.6 million to cover costs arisen from the tardiness. Both sides brought the issue in front of the International Court of Arbitration headquartered in Paris but later negotiated. After two days of negotiation (3rd and 4th…

Forum talks up CLV development triangle

A Dak Lak province business forum late last week discussed measures to further promote investment in the Cambodia-Laos-Vietnam Development Triangle. About 300 delegates and guests from the three countries attended the forum, organized by the Vietnam’s Ministry of Planning and Investment (MPI), in partnership with Vietnam’s Association of Foreign-Invested Enterprises (VAFIE) and the Vietnam-Laos-Cambodia Association for Economic Cooperation Development. Dang Xuan Quang, deputy head of the Foreign Investment Agency, said the Vietnamese government was encouraging Vietnamese companies to invest in the development triangle. Many Vietnamese enterprises have gained encouraging successes in doing business in Cambodia and…

Vietnam Central Bank Net Withdraws VND4.95Tln via OMO in Week Ending Nov 9

The State Bank of Vietnam (SBV) net withdrew VND4.95 trillion through open market operations (OMO) in the week ending Nov 9 after it pumped VND1.869 trillion and withdrew VND6.819 trillion, the BaoViet Securities Company (BVSC) said. The monetary authority also sold VND7.5 trillion worth of T-bills under 56- and 91-day maturities during the week, up VND6.164 trillion one week earlier. Fixing for 56-day T-bills rose 0.1% to 6% while that for 91-day debts remained flat at 6.8%. The average interbank rate fell to 2.75% p.a. for overnight; 3-3.25% for 1-week; 3.5-4.75% for 2-week and 5.4-6% for 1 month terms during…