Capital flows into IT Ha Van By Ha Van - The Saigon Times Daily HCMC – Investment capital has continued to flow into the information technology (IT) sector via mergers and acquisitions (M&A) after a number of M&A transactions were announced over the past four months. The most recent deal signed on April 23 is PeaceSoft Solution Corporation selling a 50% stake of the online payment site NganLuong.vn to MOL Access Portal Sdn. Bhd (MOL), a Malaysia-based electronic payment service provider. Under the deal, MOL and PeaceSoft will jointly operate NganLuong.vn and other electronic payment services of PeaceSoft. MOL has a large electronic payment system in the region dealing with over 60 million transactions and an annual payment volume amounting to over US$300 million. MOL is also developing a network of over 680,000 collection points in over 80 countries connecting to over 88 banks in ten countries. Other deals announced are en-japan buying an 89.8% stake of Navigos and … [Read more...] about Capital flows into IT
VietNamNet Bridge - Foreign investors have been selling more than buying in the Vietnamese stock market. However, analysts still believe the foreign capital inflow to Vietnam will increase in 2016. Lao Dong cited statistics as reporting that from August 2015 to February 2016, foreign investors sold a net total of 7 million securities, worth VND4.1 trillion. Selling more than buying was still the major tendency in the first two months of 2016. In January, foreign investors’ net sale reached VND1.2 trillion, while the figure was VND200 billion in February. Though foreign investors bought more than sold in the first week of March, no one can say for sure they would continue in the next one or two months. Yun Hang Jin from KIS, a securities company, commented that the move by FED has affected international investors’ moves in the world and in Vietnam as an emerging market. The expert from KIS said it is highly possible that FED would raise the prime … [Read more...] about Foreign capital flow unpredictable
Where Is Capital Flowing into? Dr Vu Tien Loc, President of the Vietnam Chamber of Commerce and Industry (VCCI), the representative of the Vietnamese business community, said many companies complain that borrowing procedures applied by banks are beyond their means. Even when the Government applies preference policies, only 5-10 percent of small and medium enterprises (SMEs) are lucky enough to successfully borrow. According to recent surveys by the Vietnamese Ministry of Planning and Investment, only a third of SMEs can access bank loans, a third have difficult accessible, and a third are unable to approach the capital source. Many banks applied fees that reportedly bring the real interest rates to 27 percent per annum. As a result, many companies do not dare to borrow money for production and business activities. Companies have difficulty accessing capital sources According to the Government’s instructions, companies operating in supporting industries and the agriculture … [Read more...] about Where Is Capital Flowing into?
Finding Ways to Promote Capital Flows for SMEs "Small and medium enterprises (SMEs) are fiercely competing on the world market and the domestic market which are in a state of saturation. The fact is that promoting capital flows is one of the very important issues helping businesses overcome difficulties, make profit and continue to grow," confirmed Dr Pham Thi Thu Hang, General Secretary of the Vietnam Chamber of Commerce and Industry (VCCI) at the "Promoting the capital flows for SMEs" conference, held by VCCI in collaboration with the interest banking interest portal (www.laisuat.vn) in Hanoi. Businesses need stronger reforms According to VCCI General Secretary Pham Thi Thu Hang, the conference is to help businesses gradually solve financing problems and improve their capital management in the current period, especially under the circumstance that the government and business community are in attempt to implement the Resolution 2/ NQ-CP dated July 1, 2013 to remove difficulties … [Read more...] about Finding Ways to Promote Capital Flows for SMEs
Capital flow is shifting from Long Thanh vacant land to Bien Hoa center The Dong Nai real estate market is seeing remarkable changes as capital flows are sharply shifting from the area around Long Thanh airport to Bien Hoa downtown. From Long Thanh to Bien Hoa In the first months of 2017, the hub of the Dong Nai real estate market just rotated around the story of the Long Thanh International Airport planning to be approved. As recorded in the first nine months of this year, more than VND8,000 billion from Saigon investors poured in more than 200 projects large and small with a scale of nearly 2,000 hectares in Long Thanh. The most affected areas are Binh Son and Loc An communes (in Long Thanh District) whose land areas are only partially cleared, being considered “lucrative” to investors. Since the beginning of June, however, the trading of Long Thanh land market has slowed down as a result of a rule on limited land allocation, land separation and land transfer within … [Read more...] about Capital flow is shifting from Long Thanh vacant land to Bien Hoa center