The Hanoitimes - The corporate bond market in particular and the bond market in Vietnam in general are quite attractive compared to the Vietnam stock market. The Vietnam’s corporate bond market lacks two main factors in order to develop itself and catch up with regional countries, according to Viet Dragon Securities Company (VDSC). First, Vietnam lacks a reputable credit rating agency to help investors obtain reliable information. Secondly, Vietnam still has too few investment funds, mutual funds and other types of large investors. Singapore, for example, counts many rating agencies following the corporate bond market, including some the world's prestigious rating agencies such as Standard & Poor, Fitch Rating and Moody. Although Vietnam has a few credit rating companies, it will take a really long time to build reputation and build a credible international standard credit rating system. Meanwhile, individual investors have difficulties entering the corporate bond … [Read more...] about Vietnam’s corporate bond market lacks major factors to catch up with regional peers
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Car imports crawl into Vietnam in Q1: report
By Ngoc Tuan  April 13, 2018 | 03:50 pm GMT+7 A car being manufactured by workers in a factory. Photo by AFP Foreign firms are trying to get past the red tape laid down by Vietnam's government Vietnam's car imports in the first quarter fell six times compared to the same time last year, according to authorities. Only 4,217 new imported cars entered the country in the first quarter, accounting for 15.9 percent of the 26,366 cars imported in the first three months of 2017, according to the General Department of Vietnam Customs. Car importers said that the slowdown was due to a decree issued by the government at the beginning of the year that requires importers to provide valid vehicle type approval certificates issued by authorities from the countries of origin, along with quality control and assurance certificates. As a result, importers in Vietnam do not have enough cars to meet the demand. Having sold its last 38 Toyota Fortuners at the end … [Read more...] about Car imports crawl into Vietnam in Q1: report
Hong Kong FTA set to boost FDI in Vietnam
A greater wave of investment from Hong Kong is expected to flow into Vietnam following the recently signed ASEAN-Hong Kong Free Trade Agreement, which will come into force in January 2019. Vietnam is expected to gain the most from the AHKFTA, Photo: Le Toan Edward Yau, secretary for Commerce and Economic Development of the Hong Kong Special Administrative Region Government, told VIR that among ASEAN countries, Vietnam is expected to gain the most from the ASEAN-Hong Kong Free Trade Agreement (AHKFTA), as the country is Hong Kong’s fourth-largest trading partner within ASEAN. Yau led a high-level Hong Kong business delegation which came to Vietnam last week to explore opportunities for more trade and investment in Vietnam. According to Yau, there are many attractive infrastructure developments in Vietnam, including railway, port, highway, and city construction. These projects require professional services, including funding, business consultancy, architecture, and … [Read more...] about Hong Kong FTA set to boost FDI in Vietnam
In Cuba, Vietnam Party chief advocates economic reforms
Vietnam's Communist Party Secretary, General Nguyen Phu Trong shakes hands with Cuba's First Vice-President Miguel Diaz-Canel, next to Gustavo Cobreiro, rector of the University of Havana, in Havana, Cuba March 29, 2018. Photo by Reuters/Stringer The head of Vietnam's Communist Party advocated for the importance of market-oriented economic reforms on a two-day visit to old ally Cuba, which is struggling to liberalize its poorly Soviet-style command economy. Hanoi set about opening up its centralized economy in the 1980s, two decades before Havana started to do so in earnest under President Raul Castro. Castro will leave office on April 19 after two consecutive five-year mandates without yet having been able to unleash in Cuba the same kind of rapid economic growth as that experienced by Vietnam. He remains head of the Cuban Communist Party (PCC) until 2021. "The market economy of its own cannot destroy socialism," Vietnam's Party General Secretary Nguyen Phu Trong said in a … [Read more...] about In Cuba, Vietnam Party chief advocates economic reforms
Vietnam condotel market promises to boom this year
Condotels are becoming a hot development target in the real estate market, as international tourists flock to Viet Nam with increasing speed. Condominiums that are operated as hotels, with owners allowed to make their units available for short-term rentals, the properties are attractive for tourists and business visitors. The condotel development Grand World Phu Quoc. - Photo condotelvietnam.com The condotel market is forecast to keep booming in 2018. But the rapid development has left many concerned about oversupply. Supply exceeding demand? According to data from the Viet Nam Real Estate Association (VNREA), in 2017 condotels became the brightest star in the resort real estate sector. The investment in condotel projects has accounted for more than half of total inflows into the real estate market. The supply of condotel products hit 22,837 units across developments throughout the country. Successful transactions account for 65-70 per cent of the volume offered. The above … [Read more...] about Vietnam condotel market promises to boom this year