With 211 advancers and 233 decliners, the VN-Index inched up 2.57 points, or 0.22% against the previous session at 1,166.78. Turnover on the southern bourse contracted 2.5% in volume and 8.33% in value at some 758 million shares and around VND16 trillion. Shares transacted in block deals contributed more than VND1.3 trillion to the total value. … [Read more...] about Market turnover continues downward spiral
Share market trading time
India-Vietnam Investment Forum held in HCM City
HCM City (VNA) - Garment, food processing, pharmaceuticals, information technology (IT), construction materials, and renewable energy are fields of potential where businesses from Vietnam and India can bolster investment in the time to come. This view was shared at the India-Vietnam Investment Forum, held jointly by the Indian Consulate General in Ho Chi Minh City, the Private Economic Development Research Board, the Investment & Trade Promotion Centre of HCM City, and VinaCapital Group on January 22 in HCM City. Don Lam, deputy head of the Private Economic Development Research Board and CEO of VinaCapital, said Vietnam’s private sector continues to expand despite the COVID-19 pandemic. Nearly 135,000 new enterprises with combined capital of 2.2 quadrillion VND (95 billion USD) were set up last year, a 29 percent increase in registered capital compared to 2019. Vietnamese businesses, both large and small, are ready for economic recovery and development, he said, adding … [Read more...] about India-Vietnam Investment Forum held in HCM City
Caution urged for SME fund processes
Nguyen Duc Thuan, director of the Vietnam Environment Protection Fund under the Ministry of Natural Resources and Environment, shared his experience on loans disbursement and examination. “Before granting loans to any businesses, funds must ensure checking information from the Credit Information Centre, as well as double-check their financial capacity and debt payment ability. As a state-owned fund, the SMEDF should take a very cautious view on conducting evaluation and loan appraisals processes.” … [Read more...] about Caution urged for SME fund processes
