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
Enter stock market
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?
It has been another historic week for Vietnam’s stock market: the benchmark VN-Index closed at 933 points last Thursday, setting a 10-year peak. The rally, which has lasted for a month, helped the VN-Index expand by 13 per cent since the start of November. However, it is clear that this upward trend does not extend to all stocks in the market – in fact, the historic surge this month was mostly thanks to large inflows to select blue chips.Vietnam Dairy Products JSC (VNM) rose by 23.49 per cent in November to reach VND184,200 ($8.10),Vingroup JSC (VIC) rose by 35 per cent to VND75,100 ($3.30), and FPT Corporation (FPT) settled at VND57,600 ($2.53) after a 16 per cent surge. All three of these stocks reached their one-year peak last week.Hoang Thach Lan, head of Retail Research at Viet Dragon Securities, noted that most of the rise in November was restricted to the market’s top 15 stocks, which take up almost half of the market’s entire capitalisation. One reason … [Read more...] about Blue chips carry stock market to 10-year high