Harvey Nash forms alliance to enter eastern markets Going beyond its long-established western markets, the international software development and outsourcing provider Harvey Nash decides to move into eastern countries by signing an agreement with Mocap Vietnam to build a call center business in Vietnam to develop software and business process outsourcing for the Japanese market. The group’s Finance Director of Offshore Software Development Ian Thompson shares his thoughts over the deal. Excerpts: Harvey Nash is known as a large company in software development and outsourcing sector. What made you decide to partner with another in Vietnam? Harvey Nash has been in Vietnam for 12 years with business process outsourcing (BPO), software business and recruitment business. Our call center focuses on the Vietnamese market; meanwhile BPO and software tend to focus on western markets such as UK, the U.S., Australia and Europe. However, we are not able to access the Japanese market. So … [Read more...] about Harvey Nash forms alliance to enter eastern markets
Enter stock market
Japanese investors attend a conference in Tokyo about investing in the Vietnamese stock market and reforming state enterprises. PHOTO COURTESY OF VIETNAM’S FINANCE MINISTRY The Finance Ministry announced Saturday that many Japanese investors showed interest in the Vietnamese stock market and state-owned enterprises during a recent conference in Tokyo. “Many Japanese investors showed eagerness at the new investment opportunities in Vietnam and wish to know more about businesses and the economy here before they enter,” the statement said. The meeting was held Friday by Vietnam's State Securities Commission and several large Vietnamese companies. Nearly 100 Japanese investors from financial services company SBI (Strategic Business Innovator Group), the Sumitomo trading company, Mitsubishi, Mizuho financial group and financial services firm J.P. Morgan participated in bilateral discussions with Vietnamese agents on the stock market's foreign invesment policies and … [Read more...] about Japanese investors eye Vietnam stock market, SOE privatization
U.S. Heinz Enters Vietnam Market Heinz, the U.S. food group with assets of US$10 billion, has entered Vietnam’s market with its iconic ketchup and child food. Thien Tan Joint Stock Co. is Heinz’s distributor in southern Vietnam and Phu Thai Group is its distributor in the north. Heinz distributes its products to over 50 countries and its top 15 power brands account for more than two-thirds of its annual sales. (Investment) more news … [Read more...] about U.S. Heinz Enters Vietnam Market
VIR put together a brief recap of the ten most noteworthy “ups-and-downs” of the Vietnamese stock market over the course of 2017, from the launching of a brand new market to unprecedented criminal prosecutions and billion-dollar state divestitures. 1. Government kick-started the derivatives market On August 10, at Hanoi Stock Exchange (HNX), the Ministry of Finance (MoF) launched the opening of the derivatives market, indicating the first of many steps to promote the structural development of the Vietnamese securities market. Consequently, Vietnam was the fifth nation within the ASEAN to acknowledge the derivatives market, alongside Singapore, Malaysia, Indonesia, and Thailand. The country was the 42nd nation across the globe to acknowledge this market. The first seven securities companies entering the derivatives market were Ho Chi Minh Securities Corporation (HSC), Saigon Securities Incorporation (SSI), BIDV Securities Company (BSC), VNDirect … [Read more...] about 2017—A year of “firsts” for Vietnamese stock market
VietNamNet Bridge - Samsung Securities and Caldera Pacific will become the second largest investor when they acquire a 40 percent stake in Dragon Capital fund management company. According to an MPI (Ministry of Planning and Investment) report, there were 3,374 stake purchases and capital contribution deals made by foreign investors by the end of August, worth $3.5 billion, an increase of 101.3 percent compared with the same period last year. Japan, Singapore and South Korea are three of the biggest foreign investors in Vietnam. While the Japanese are well known for the portfolio investments in Vietnamese businesses (Bank of Tokyo-Mitsubishi UFJ holds a 20 percent stake in VietinBank, Mizuho holds a 15 percent stake in Vietcombank and ANA a 8.7 percent stake in Vietnam Airlines), Singapore and South Korea are known for direct investment projects. These include Samsung’s electronics and smartphone manufacturing projects and the five VSIP industrial zones developed by … [Read more...] about Is there a new South Korean investment wave in the stock market?