The Hanoitimes - The upgrade of the local securities market from frontier to emerging markets relies on the development potential of Vietnam`s market and macro policies, according to the head of the stock market watchdog. The Vietnamese government is determine to work for the upgrade of the local stock market to emerging market status soon from frontier grade now, stated Deputy Prime Minister Vuong Dinh Hue, who is in charge of economic issues. Illustrative photo. "The country has to ensure sustainable and healthy development of the stock market, while the government will provide strategies for the development and restructuring of the stock market," Hue said at the Vietnam Economic Forum on Capital-Finance Market in Hanoi on August 21. Before Hue's statement, Chairman of the State Securities Commission of Vietnam (SSC) Tran Van Dung affirmed with drastic measures from the government in creating a level playing field for both local and foreign companies, Vietnam … [Read more...] about Vietnam resolved to work for upgrade of stock market status: Gov’t
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Efforts underway to promote Vietnam’s stock market
The Vietnam Economic Times interviewed Chairman of the State Securities Commission (SSC), Tran Van Dung just prior to the April 16-20 Investment Promotion Conference in South Korea. Mr. Tran Van Dung, SSC Chairman (Photo from SSC) Vietnam’s stock market has witnessed the highest net foreign investment flows ever. How would you assess stock market investment from South Korea? The stock market continued to be an attractive destination for foreign direct investment (FDI) in 2017. Total investment from foreign investors as at the end of the year was $32.9 billion, an increase of 90 per cent compared to the end of 2016. In the first three months of 2018, foreign indirect investment (FII) continued to rise and the foreign portfolio value reached $37.6 billion by the end of March, up 14 per cent compared to the end of last year. We are happy to see that indirect investment from South Korean investors is growing strongly, though it’s quite modest compared to … [Read more...] about Efforts underway to promote Vietnam’s stock market
Rice exports: Opportunities in traditional markets
The latest data from the Ministry of Industry and Trade (MoIT) show that Vietnam exported 3.6 million tonnes of rice worth US$1.83 billion in the first six months of 2018, up two percent in volume and 44.3 percent in value compared with the first half of 2017. In June 2018, the export price of Vietnamese five percent broken rice was US$450 per tonne, higher than export prices of Indian and Thai rice of the same kind. China remained the largest importer of Vietnamese rice in the first half of 2018 (26 percent of exports). However, due to a decline in importer demand, exports to this market decreased by 27.6 percent in volume and 14.8 percent in value compared with the first half of 2017. The average export price to China was US$532.5 per tonne, up 17.7 percent. Meanwhile, exports to Indonesia - the second largest importer of Vietnamese rice, grew 45 times in volume and 60 times in value, accounting for 19.7 percent of total export volume and 18.2 percent of total export value. The … [Read more...] about Rice exports: Opportunities in traditional markets
Farm produce needs to improve to unlock EU market
Việt Nam is one of the important suppliers of farm produce to the EU, ranking 12th among all exporting nations and meeting 2.2 per cent of the demand, above Thailand, New Zealand, Malaysia and Canada. — VNA/VNS Photo Viet Nam News HÀ NỘI — Việt Nam’s agricultural exports face a range of challenges and barriers in Europe due to new stringent food safety regulations. Trần Ngọc Quân, deputy director of the Ministry of Industry and Trade’s Department of European–American Markets, said once the European Union (EU)-Việt Nam Free Trade Agreement (EVFTA) takes effect, tariffs on Vietnamese farm produce would drop to 0-5 per cent over the next decade. Việt Nam is an important suppliers of farm produce to the EU, ranking 12th among all exporting nations and meeting 2.2 per cent of the demand, above Thailand, New Zealand, Malaysia and Canada. However, the EU has is focused on value, quality, … [Read more...] about Farm produce needs to improve to unlock EU market
Capital market faces imbalances
Viet Nam News HÀ NỘI — The Việt Nam’s capital market is facing a concerns in the imbalance between the credit market and the capital market. The statement was made by Deputy Prime Minister Vương Đình Huệ during a forum held in Hà Nội on Tuesday, discussing challenges and solutions to expand the capital – financial market of Việt Nam. Addressing the event, part of the Việt Nam Economic Forum, the Deputy PM said it is necessary to look into the imbalance between the credit market and the capital market, between credit and other added services in banks’ credit activities, and between the short-term and long-term markets, particularly the bond market. He said 53 per cent of businesses were not making profit at the end of 2016, saying that one of the reasons for this is the lack of capital. “Many companies depend on bank loans to operate, so their financial expense is very high, plus other … [Read more...] about Capital market faces imbalances