VietNamNet Bridge – The heavy floods in Thailand have led to the computer hardware prices increasing continuously. The computer market in the year-end sale season is gloomy because the price has become double. The prices of computer hardware have increased dramatically recently, because of the interrupted supply from Thailand, which provides 45 percent of the total number of hardware worldwide, according to IDC. Western Digital alone has 60 percent of computer hardware made at the factories in Thailand. The short supply of hardware has affected the Vietnamese computer market. According to Lai Van Van, Business Director of Infoland, which specializes in trading computer accessories, said that the hardware price has increased by 30-40 percent just within a short time. Especially, at some moments, the price jumped by 100 percent. Meanwhile, Thegioididong.com, Vien Thong A, Phong Vu or Bach Khoa Computer have reported the price increases of 200,000-500,000 dong for some models of … [Read more...] about IT product year-end market: hardware get more expensive, computers unsold
Year end marketing report
Many housing projects launched at year-end
Many housing projects launched at year-end The Saigon Times Daily HCMC – The volume of apartment and land lot transactions in HCMC is quite busy in the final months of the year with many projects launched to take advantage of the high demand at the year-end, VietnamPlus reports. Hoa Binh House Corporation has recently bought The Ascent, a high-end project worth nearly VND600 billion in District 2, from Chip Eng Seng Corporation Ltd and launched the sale of around 280 apartments of this project. In addition, Hoa Binh House has offered for sale Soho Riverview apartments in Binh Thanh District at prices starting from VND1.5 billion per unit. Novaland Group has launched the River Gate apartment project in District 4 after successfully selling apartments of Icon 56 and Galaxy 9. Savills Vietnam, the distributor of the 927-apartment City Garden project in Binh Thanh District, offered apartments for sale early this month. The project’s phase one has been completed with 449 … [Read more...] about Many housing projects launched at year-end
Vietnam stocks seen reaching 2008 high by year-end on economy
With Vietnamese shares close to erasing their losses this year, strategists say the benchmark gauge will continue climbing to reach the highest level since 2008 as a rising economy and earnings draw investors. After surging 11 percent from this year’s low on January 21, the measure will extend gains to about 642 by the end of 2016, or 11 percent above its close on March 14, according to the average of 10 analyst forecasts in a Bloomberg survey. The stock index rose 6.1 percent in 2015, the best performer in Southeast Asia, while the MSCI ALL Country World Index slid 4.3 percent. “The outlook for this year looks better as we expect strong earnings growth, driven by an emerging consumer and strong manufacturing,” said Barry Weisblatt, head of research at Viet Capital Securities, the country’s third-largest brokerage. “The domestic story is quite strong.” He expects earnings growth of 20 percent this year and targets the stock index to reach 680 by … [Read more...] about Vietnam stocks seen reaching 2008 high by year-end on economy
Vietnam’s second biggest carrier plans IPO this year end: report
Early this year, international media quoted chief executive officer Luu Duc Khanh as saying that the airline wanted to raise US$800 million from an overseas IPO, either in Hong Kong or Singapore. VietJet Air posted revenues of over VND5.7 trillion ($254.8 million) over the first six months of this year, up 205 percent from last year end, Khanh said at a meeting on Sunday. The Hanoi-based carrier also saw the number of passengers more than doubled to reach 4 million during the same period. It hopes to raise both its revenues by 245 percent and number of passengers by 225 percent in the second half. VietJet Air has a 32 percent share of Vietnam's domestic market in the first quarter, the second biggest after Vietnam Airlines, which boasted 53 percent. It currently has 26 aircraft on its fleet, which operate on 33 domestic and international routes to destinations in China, South Korea, Singapore, and Thailand. The Hanoi-based carrier expects to receive six to 12 Airbus aircraft annually … [Read more...] about Vietnam’s second biggest carrier plans IPO this year end: report
Vietnam banks to trim bad debts by year end
Bad debts in Vietnam's troubled banking system could fall sharply by year-end to 2.5 to 2.7 percent of total loans thanks to debt restructuring and tighter supervision, Prime Minister Nguyen Tan Dung said on Wednesday. Toxic debt eased to 3.88 percent of bank loans in September from 3.9 percent in the previous month, compared with 17 percent in September 2012, Dung told the National Assembly in a televised session, citing banks' reports. Dung's government has been battling with high levels of non-performing loans that have hurt the property market and stifled efforts to boost private sector businesses and stimulate credit growth. The State Bank of Vietnam, the central bank, projected bad debts would amount to between 3.7 percent and 4.2 percent of total loans at year end, as it "supervised and reassessed more tightly the debt classification," Dung said. The Vietnam Asset Management Co (VAMC), the central bank-run firm formed to deal with bad loans, has resolved 4 trillion dong ($187.97 … [Read more...] about Vietnam banks to trim bad debts by year end