Vietnam's stock market is now an emerging destination for international brokers thanks to its large trading volume, increasing participation of foreign investors, and flexibilty on commissions, according to a recent report of Bloomberg. Mike Lynch, former managing director at CIMB Group Holdings Bhd. in New York, moved to Ho Chi Minh City over a year ago to head institutional equity sales at Saigon Securities Inc., the biggest local brokerage. Joining Lynch half a year later was Lawrence Heavey, who has a decade of Asian equities experience at CLSA Ltd, the Bloomberg report said. In January this year, Ho Chi Minh City Securities Corp., one of Vietnam’s big three brokerages, Stephen McKeever, who used to lead Asia ex-Japan’s equity sales at Mizuho Securities Co. in Hong Kong. Bloomberg said commission fees at other markets “are being eroded” by regulations by the Markets in Financial Instruments Directive, or MiFID, which standardizes regulations for … [Read more...] about Stock market breakthrough as international brokers target Vietnam
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The workshop on "Applying new technologies for Vietnam - Japan agricultural value chain development" is held in Hanoi on May 29. (Photo: VNA) Hanoi (VNA) – Benefits of applying Japanese agricultural technologies in Vietnam were discussed at a workshop in Hanoi on May 29. Nguyen Hong Son, Head of the Vietnam Academy of Agricultural Sciences, said Vietnam’s agriculture is shifting its focus from quantity to quality, stressing science and technology are key to the process. Advanced technologies ought to be applied throughout the production chain from field to market, he added. Japan’s agricultural technologies are suitable to Vietnam and will help boost bilateral trade, as Vietnamese farm produce exported to Japan must meet quality demand from the market, Son noted. “The quality of a product is based largely on its production technology,” he said. Participating Japanese businesses introduced a number of new technology features, including bio-products, … [Read more...] about Conference spotlights Japanese farming technologies
Ride-hailing firm Uber Technologies Inc recently agreed to sell its Southeast Asian business to bigger regional rival Grab, marking its second pull-out from an Asian market.— Photo tuoitre.vn Ride-hailing firm Uber Technologies Inc recently agreed to sell its Southeast Asian business to bigger regional rival Grab, marking its second pull-out from an Asian market. Uber will take a 27.5 percent stake in Singapore-based Grab and Uber CEO Dara Khosrowshahi will join Grab’s board. Grab was last valued at around US$6 billion. Grab provides transportation, food delivery, mobile payments and financial services and operates in 195 cities across Southeast Asia. The company claimed to have a 95 percent market share of the ride-hailing market last year when it announced plans to raise more than $2.5 billion from SoftBank and other investors. Uber’s withdrawal from the Asian market is expected to redraw the ride-hailing market including in Viet Nam. “What are the gains and … [Read more...] about Map of technology-driven taxi market likely to be redrawn as Uber pulls out
Start-up company Cricket One Inc will represent Viet Nam at the Future Food Asia Award event on May 23 in Singapore with an initiative to farm crickets as a high-protein food source. Cricket One Inc won top prize at the Mekong Agritech Accelerator (MATCh) programme. A total of 13 start-ups from the region, as well as international firms proposed agritech solutions at the Greater Mekong Subregion Leaders Summit in Ha Noi last month. The insect farming industry is a promising form of sustainable food production. It not only requires a low water usage, but also low land use, feed use, and GHG emissions, according to Nam Dang, co-founder of Cricket One. “We understand the struggle endured by poor farmers and we have committed to work together with them to improve their livelihood. We lease out the integrated container units so that farmers can utilise their agricultural by-products to grow crickets productively, and we can also teach them the best practices in farming crickets, using … [Read more...] about Vietnamese start-up Cricket One Inc to represent Viet Nam at Future Food Asia event
Vertex Ventures, Grab’s first investor, told VIR in an exclusive interview that the startup will not monopolise the Vietnamese ride-hailing market after its controversial merger with Uber earlier this week. Vertex Ventures According to Carmen Yuen, partner at Vertex Ventures, Grab will not become the only player in Vietnam’s booming market for ride-hailing services, even after it merged with Uber, its major competitor in Southeast Asia. The investor told VIR that a newcomer will soon break into the scene and challenge Grab’s dominant position in the region, including Vietnam. “I am sure some wealthy investors will back another company and compete with Grab,” said Yuen during the Invest ASEAN 2018 conference held by Maybank Kim Eng in Singapore this week. Vertex Ventures was the only investor in Grab, formerly GrabTaxi, during a Series A fund-raising round in 2014. The merger between Grab and Uber has sparked fears over a potential monopoly … [Read more...] about Grab will not monopolise Vietnamese market, true?