A model of Dragon Riverside City project, developed by Saigon Vina Real Estate JSC (Land Saigon) in HCM City. In October, Land Saigon issued 1.85 trillion VND worth of three-year bonds with a fixed yield rate of 11 percent per annum (Photo courtesy of Land Saigon) Hanoi (VNS/VNA) - Investors should make careful decisions when purchasing corporate bonds, especially coming with high yield rates, to avoid risks, the Ministry of Finance (MoF) has said. The MoF has issued the warning, saying investors should not be lured by high bond yield rates. According to the ministry, risks that investors may face include the firm’s failure to fulfil the terms and conditions of its bond issuance, failure to make full payments when the debt is due, or the issuer may not fulfil its commitment to investors on the redemption of bonds before the maturity date. Whether the issuer can repay depends on its financial capacity and business performance, the MoF said. High rates Bond … [Read more...] about Finance Ministry warns of risks in high bond yield rates
Nguyen Thanh Do, HDBank vice chairman, attends the awards ceremony for the Top 10 Most Profitable Companies in Banking, Finance and Securities. — Photo courtesy of HDBank Vietnam Report has released its Vietnam Profit 500 with a number of categories like Top 10 Most Profitable Companies, Top 15 Most Profitable Private Companies and Top 10 Most Profitable Companies in Banking, and Finance and Securities. This year’s Vietnam Profit 50 honours major groups and corporations, including Petrolimex, Samsung, Viettel, Vingroup, Vinamilk, and Vietjet. The Top 10 Most Profitable Banks includes Vietcombank, Vietinbank, Techcombank, VPBank, HDBank, MB, and ACB. According to the report, the inclusion and ranking of the companies in this list are objectively and independently based on the weighted score of several main indicators reflecting their profitability such as ROA, ROE, ROR, pre-tax profit and revenue. The companies appearing in Vietnam Profit 500 were capable of generating … [Read more...] about Vietnam Top 10 Most Profitable Companies in 2019: Who is who?
Hanoi (VNA) - The 30th Singapore International Film Festival (SGIFF) kicked off on November 21 night at the Capitol Theatre with the Singapore premiere of the film Wet Season, marking a bountiful line-up of events ahead. Award-winning Singapore filmmaker Anthony Chen, who directed Wet Season, made his red carpet appearance at the event. He was joined by the rest of the cast of the film, which included actress Yeo Yann Yann, veteran theatre virtuoso Yang Shi Bin, and rising star Koh Jia Ler. Singaporean Deputy Prime Minister and Minister for Finance Heng Swee Keat attended the event as guest-of-honour. As a leading international film festival in Southeast Asia, the 30th SGIFF will run from November 21 to December 1. This year, more than 90 films from over 40 countries and territories will be screened during the festival./. VNA … [Read more...] about Singapore hosts international film festival
Nguyen Dang Thanh, chairman of TTC Land and HAN Yong Soo, executive vice president and head of Overseas Business Division of Lotte E&C at the singing ceremony. — Photo courtesy of TTC Land Saigon Thuong Tin Real Estate Joint Stock Company (TTC Land) and South Koreas Lotte Engineering and Construction Co., Ltd (Lotte E&C) signed a strategic partnership agreement to jointly develop property projects on November 21. Lotte E&C will invest around US$100 million in the projects, including $22 million in early next year. TTC Land will research and do the planning for projects and complete legal procedures to ensure unencumbered land is available for the projects. Lotte E&C will arrange finance for the projects as well as participate in the design, construction and marketing activities of these projects. As a main member of Lotte Group, Lotte E&C is a leading real estate developer and general contractor in various sectors in the construction industry in Korea and … [Read more...] about Koreas Lotte to invest $100m in property joint venture with TTC Land
MELBOURNE — Jailed Australian Cardinal George Pell arrived in court under heavy police guard on Wednesday, beginning an appeal against his conviction for child sex abuse. Pell, 77, was found guilty in December on five counts of assaulting two choirboys in Melbourne's St Patrick's Cathedral in 1996 and 1997. The Vatican's former number three -- who managed the church's vast finances and helped elect two popes -- was sentenced in March to six years in prison. During proceedings he sat -- flanked by police officers -- with his hands interlaced or taking notes with pen and paper. His lawyers say his conviction was unreasonably based on the testimony of a single surviving victim and that the judge unfairly disallowed defence evidence. Pell's second victim died of a drug overdose in 2014 and never disclosed the abuse. In court documents, Pell's lawyers claimed "a catalogue of at least 13 solid obstacles in the path of a conviction". Pell wore … [Read more...] about Cardinal Pell launches appeal against child sex conviction