The Ha Noi Stock Exchange (HNX) eyes VND308 billion (US$13.2 million) in pre-tax profit in 2019, up 0.3 per cent year on year, and VND594.3 billion in total revenue, up 5.66 per cent year on year. — Photo cafef.vn The Ha Noi Stock Exchange (HNX) eyes VND308 billion (US$13.2 million) in pre-tax profit in 2019, up 0.3 per cent year on year, and VND594.3 billion in total revenue, up 5.66 per cent year on year. The northern securities market regulator also plans to pay VND61.6 billion to the State budget, slightly lower than the figure of VND62.4 billion in 2018. In addition, the bourse will increase its budget for research and development to VND76.2 billion in 2019, from 2018s figure of VND10.5 billion. In the draft plan HNX submitted to the Ministry of Finance for approval, the northern bourse will enhance its supervision of information disclosure on companies that trade shares on the stock market. The HNX will also revise and complete the framework on monitoring stocks, … [Read more...] about Ha Noi Stock Exchange sets sights on modest profit of $13.2m in 2019
Ho chi minh stock exchange
Ho Chi Minh City invites foreign investments in 255 infrastructure projects
The Hanoitimes - In 2018, Ho Chi Minh City’s gross regional domestic product (GRDP) expanded 8.3%, making up 24.16% of Vietnam’s GDP, the highest rate so far. Ho Chi Minh City welcomes 7 millionth foreign visitors so far this year Hanoi and Ho Chi Minh City stock exchanges urged to merge in 2019 Global manufacturers speed up FDI diversion and relocation from China to Vietnam Next-generation FDI strategy required for Vietnam's greater global integration Ho Chi Minh City is calling for foreign investment in 255 projects in the fields of infrastructure development, smart urban, and environment, among others, according to Nguyen Thien Nhan, secretary of the city's Party Committee. Overview of the conference. Source: VGP. In 2018, Ho Chi Minh City’s gross regional domestic product (GRDP) grew 8.3%, making up 24.16% of Vietnam’s GDP, the highest rate to date, Nhan said in a meeting between the city’s leaders and foreign-invested … [Read more...] about Ho Chi Minh City invites foreign investments in 255 infrastructure projects
PM approves establishment of Vietnam Stock Exchange
The Hanoitimes - Vietnam Stock Exchange, which would be headquartered in Hanoi, is 100% owned by the Ministry of Finance. FED’s rate hike expected to leave adverse impact on Vietnam’s stock market Hanoi and Ho Chi Minh City stock exchanges urged to merge in 2019 Prime Minister Nguyen Xuan Phuc on January 7 approved the proposal to establish the Vietnam Stock Exchange on the basis of merging the Hanoi Stock Exchange (HNX) and the Ho Chi Minh Stock Exchange (HoSE), the governmental portal reported. Illustrative photo. The move is aimed to ensure greater efficiency and transparency of Vietnam’s stock market. The Vietnam Stock Exchange, which would be headquartered in Hanoi, is operated under the form of single member limited company and 100% owned by the Ministry of Finance. Additionally, HNX and HoSE are subsidiaries of Vietnam Stock Exchange but operate independently with different legal status. The would-be stock exchange will have … [Read more...] about PM approves establishment of Vietnam Stock Exchange
Hanoi and Ho Chi Minh City stock exchanges urged to merge in 2019
The Hanoitimes - The merger is part of a series of measures to develop Vietnam’s stock market. Hanoi Stock Exchange plans five IPOs this month Hanoi Stock Exchange headquarters makes debut Vietnam hosts ASEAN Stock Exchange CEOs’ conference Vietnam’s Minister of Finance Dinh Tien Dung has required stock market authorities to accelerate the long-planned merger between the Hanoi Stock Exchange (HNX) and the Ho Chi Minh Stock Exchange (HoSE) to form the Vietnam Stock Exchange this year, local media reported. The Ho Chi Minh City Stock Exchange. The merger has been planned for years, but few details on the progress have been made public so far. Last July, the Ministry of Finance submitted to the government proposal for merging the two stock exchanges. Under the plan, all shares listed in the market would be moved to the HoSE, while the government bond and derivatives markets are placed in Hanoi. The HoSE now is home to the largest … [Read more...] about Hanoi and Ho Chi Minh City stock exchanges urged to merge in 2019
Shift seen in use of overseas remittances to Ho Chi Minh City
By Le Chi  June 13, 2018 | 07:50 pm GMT+7 Dollar/dong exchange rate in the first five months of 2018 has not fluctuated sharply. Photo by Reuters Central Bank official says most of the funds have been invested in manufacturing instead of traditional channels. A sharp increase in remittances to Ho Chi Minh City this year has been accompanied by a shift to investment in manufacturing rather than real estate, stocks and savings accounts, a senior officer at the central bank says. Nguyen Hoang Minh, deputy director of the HCMC branch of the State Bank of Vietnam (SBV), said that by the end of May, a total of $2 billion has been transferred from overseas to the largest city in Vietnam. In April and May, remittances reached $0.9 billion, while $1.1 billion was received in the first three months. The money has been mostly used in manufacturing business instead of real estate, stocks and savings as usual, Minh said. The increasing amount of remittances shows … [Read more...] about Shift seen in use of overseas remittances to Ho Chi Minh City