Naticorp signs condotel project agreement with Thai firm

Corporate news Viet Nam News HÀ NỘI - Ten leading Thai exhibition organisers will come to Hà Nội for a business-to-business forum to meet Vietnamese enterprises, trade promotion organisations and associations this Friday. The forum, organised by the Thailand Convention and Exhibition Bureau (TCEB), aims to boost trade activities between the two countries, as well as between other countries in the ASEAN region. The forum will discuss business opportunities within the ASEAN region through exhibitions in Thailand; commercial linkages among Thailand, Việt Nam and other countries in the region and from the establishment of the ASEAN Economic Community and the potential and cooperation opportunities between the two countries as well as ASEAN countries. This forum is a new form in the Connect Business campaign of TCEB. The bureau expects the campaign will attract Vietnamese businesses to Thailand to attend international exhibitions by strengthening relationships with organisations, associations, chambers of commerce, unions and non-profit corporations. Thailand expects to welcome 208,000 international trade visitors, creating a total value of US$500 million dollars this year and will continue to support businesses which want to expand their activities through exhibitions in Thailand. - VNS... [read more]

2030 Businessmen Club marks 3rd anniversary of Happy Friday Kieu Giang Members of the management board of the 2030 Businessmen Club, the editorial board of the Saigon Times Group and guests are seen at the 3rd anniversary celebration of the Happy Friday program in HCMC last week. Happy Friday, which is among the major activities of the 2030 Businessmen Club under the Saigon Times Club, aims to create a chance for entrepreneurs to share business opportunities and moments of relaxation after working days. The program is held monthly with different topics presented by invited speakers who are writers, historians, psychiatrists and poets. There are also celebrations for members’ birthdays and music performances. The 2030 Businessmen Club has attracted more than 1,000 members since its establishment in 2002. Its chairman for the 2014-2016 term is Ha Xuan Anh, CEO of Son Viet Garment Corporation. - News: Kieu Giang... [read more]

Market crashes as bear returns By Thuy Trieu - The Saigon Times Daily HCMC - The market opened the week down a sharp 3.34% as jaw-dropping investors became more cautious in the absence of supporting news. The VN-Index on Monday lost as many as 18.55 points from the previous session to 537.29, bidding adieu to investors' buoy of the 550-point level. The main index lost a mild 3.92 points in the first matching phase. However, offers strongly increased in the second matching phase, inducing a lot of stocks to plunge to the floor prices. Investor sentiment was further shaken given the sudden change, leading to the selling volume to rise continuously and forcing the VN-Index down 18.23 points in the second phase. The index kept trading at that low until the end of the day. Among 186 stocks and fund units on the bourse, only nine stocks closed higher while up to 169 ended lower. Of which, there were 67 stocks hitting the floor prices and two rising to the ceiling prices. REE Corp. (REE), the most actively traded stock on the bourse, dropped 4.7% to VND50,500 per share with 2.25 million shares traded. Sacombank (STB) was the second most traded stock, falling 2.94% to VND26,400 with trading volume of 2.24 million shares. Other financial stocks such as Vietcombank (VCB), Saigon Securities Inc. (SSI), and PetroVietnam Finance Corp. (PVF) also declined. Foreign investors were patient to be net buyers on the market but their participation was very modest. They bought…... [read more]

Market barely inches up, trade low By Phuong Thao - The Saigon Times Daily HCMC – The southern stock market made a fractional gain in the second straight rising session on Thursday, in line with rallies in the world, but liquidity remained depressed. The VN-Index rose a mere 0.96 point, or 0.21%, from the day earlier to 458.66. Demand on the Hochiminh Stock Exchange dropped 13.7% against the previous session to nearly 49 million shares while supply rose 6.3% to 49.4 million shares. Closing the day, only 23.2 million shares worth VND597 billion changed hands, falling by 7.2% and 14.5% against the session earlier respectively. The market opened higher and quickly jumped to above 460 points before sellers stepped in, pushing the index down to 457.88 at the end of the continuous matching phase. The market then recovered slightly and finally closed in the positive territory. The number of losers was still higher than that of gainers at 105 to 84, of which six stocks ended the day at their ceiling prices and nine others plunged to the floor prices. Vietnam Mechanization Electrification & Construction (MCG) became the biggest traded issue, jumping 4.7% to VND17,900 per share with over one million shares traded, followed by Société De Bourbon Tay Ninh Co. (SBT), which closed flat at VND11,800 on the volume of 717,000 shares. Foreigners were still net buyers as they bought 3.1 million shares worth VND115 billion and sold two million shares worth VND40 billion, accounting for 19.4% and 6.7%…... [read more]

Market plunges, investors snap up cheap stocks By Phuong Thao - The Saigon Times Daily HCMC – The local market lost big ground in the second straight losing session on Tuesday, but liquidity improved sharply as foreign investors stepped in to buy cheaper stocks. The VN-Index shed 7.73 points, or 1.69%, from the previous day to 449.4. The market opened weaker and subsequently lost ground gradually during the day and then suddenly dropped three points right at the close. On the southern bourse, bids continued to dip 1.8% from the session earlier to 50.7 million shares while offers gained 3% to 61.7 million shares. Ending the day, there were nearly 42 million shares worth VND1.1 trillion changing hands, both surging by around 40% against the previous day. Up to 231 stocks declined on Tuesday while 22 others managed to gain grounds, of which two stocks shot to the ceiling prices and 50 issues plunged to the floor prices. Sacombank (STB) was the most actively traded issue but it fell 1.9% to VND15,500 per share with 1.9 million shares changing hands, followed by Ocean Group Co. (OGC), which also fell 4% against the day earlier to VND24,000 on the volume of 1.3 million shares. Ca Mau Frozen Seafood Processing Import Export Corp. (CMX) debuted on the bourse on Tuesday and it closed at the reference price of VND15,000 with over 97,000 shares traded. Foreign participation surged strongly on Tuesday as the investors acquired 13 million shares worth VND547 billion and offloaded…... [read more]

Speculative stocks drive market up Phuong Thao By Phuong Thao - The Saigon Times Daily HCMC – Strong demand for speculative stocks drove up the local market on Tuesday after four consecutive falling sessions, with the VN-Index rising a slight 2.1 points, or 0.43%, against a day earlier to close at 495.72. According to Viet Capital Securities Company (VCSC), HCMC and Hanoi stock markets made early gains probably because of the progress in the U.S. Senate debt talks overnight and the slight increase in the number of outstanding shares by one of the two exchange traded funds. Following the trend observed early this week, mid and penny caps continued to be the star performers on Tuesday. However, given heavyweights such as GAS and MSN closing at the reference prices, the VN-Index managed only a modest gain of 2.1 points at the close. The Hanoi market rebounded as most large-caps such as ACB, SHB, PVC and SCR increased or moved sideways. The HNX-Index gained 0.27 point, or 0.44%, from a session earlier to close at 60.76. Trading values were almost flat on both bourses. However, volume increased by quite a bit, especially on the main bourse at 31% - supporting evidence of active trading concentrating mostly on mid and penny stocks on Tuesday. Foreigners continued to net buy on both exchanges, for nearly three weeks on the southern bourse and one week on the northern exchange. But as expected, trading would probably remain low throughout this week as uncertainties from global…... [read more]

VN-Index drops on high liquidity Kim Ngan By Kim Ngan - The Saigon Times Daily HCMC – After a strong rise on Tuesday, the VN-Index on November 4 edged down 0.18% to close at 610.6 points but liquidity on the HCMC bourse was high, backed by positive investor sentiment. Trading volume on the southern exchange amounted to 112.6 million shares worth VND2.8 trillion (US$125.7 million), rising 12.4%. Matching volume fell 6% compared to the previous session at 97.5 million shares. Heavyweights VNM and FPT continued to show impressive turnover figures with the majority of shares traded among foreigners. In detail, foreigners accounted for almost of the record-setting six million shares of VNM traded on November 4. As a result, VNM’s trading value increased to US$35 million, surpassing Tuesday’s record by a fair amount. Similarly, more than 2.4 million shares from FPT were changed hands among foreigners, according to Viet Capital Securities Company (VCSC). In total, the combined turnover contributed by the two tickers accounted for more than 36% of the HCMC market’s turnover. However, being mostly put-through transactions, it had little impact on the stock prices of VNM (closing flat) and FPT (down 1%). Other large-caps like GAS, MSN and DPM advanced, preventing the main index from a further decline. Investors offloaded speculative tickers while mining stocks namely KSA, KSH and KSS lured buyers and jumped to the ceiling prices at the close. Auto, construction and real estate stocks attracted cash flow. DLG was the volume leader, followed by FLC,…... [read more]

Brokers predict low liquidity this week By Phuong Thao - The Saigon Times Daily HCMC – Securities firms estimated the market would continue moving sideways with low transaction levels this week after the VN-Index oscillated in a narrow range between 481 and 485 points in the first trading week of the year. Investors were very cautious in the first week of 2011, with the VN-Index losing 2.8 points, or 0.58%, from the previous week to 481.86 after two rising and two falling sessions. Liquidity tumbled as the daily volume averaged at 26.2 million shares worth over VND650 billion, both down by around 57% against a week earlier. Foreign net buying also dropped slightly last week, at 4.7 million shares worth VND164.4 billion, up 18.8% in volume and declining 12% in value from the previous week respectively. APEC Securities Co. was concerned about the sluggish trading that made the market less attractive during the new year’s first sessions. The VN-Index is no longer under the effect of certain financial and property stocks like before. “The market is suffering low liquidity given the lack of the supporting information. Meanwhile, cash flow seems to have slowed down as the long traditional Lunar New Year holiday, or Tet, is nearing. Investor sentiment is still unstable given concerns on high CPI (consumer price index) in January and February,” APEC said. “The VN-Index may move flat and fluctuate during the range of 470-495 points in the coming time as bank lending rates remain high. We expect…... [read more]

Viet Nam News HÀ NỘI - Vietnamese shares may continue declining this week, as investors display more caution after the markets declined over the last four days and as investors await news from the US central bank's meeting on possible interest rate increases. The benchmark VN Index on the HCM Stock Exchange on Friday closed down 1.5 per cent at 649.87 points, while the southern market index finished 2.2 per cent lower than the previous week, and witnessed a four-day decline of 3.5 per cent. The HNX Index on the Hà Nội Stock Exchange edged down 0.7 per cent to end the week at 84.07 points. Meanwhile, the northern market index slid 3.4 per cent in the last four sessions and ended 3 per cent lower than the previous week. "Investors have become cautious after the stock market's recent declines," noted Ngô Thế Hiển, head of market analysis division at Sài Gòn-Hà Nội Securities Corp (SHS). It could take two or three weeks before the stock market find its balance point, he added. "Investors' cautious sentiments have resulted in the rotation of cash flow among stocks that announced positive corporate news, such as adequate second-quarter earnings and dividends, and that is only for investors' short-term profits," Hiển said. However, speculative mid-cap and small-cap stocks could harm investors' profitability, due to poor companies' fundamental financial and administrative foundations. Further, the stock market is signaling more risks for investors and it could possibly continue to slide in the short-term, Nguyễn Thế Minh,…... [read more]

HÀ NỘI (Biz hub) - Đà Nẵng's Asia Park will have the honour to welcome the youngest ambassador for the SOS Children's Villages International, Capri Everitt on March 18. The 11-year-old Canadian is travelling the globe singing 80 national anthems in 41 different languages to raise money for SOS Children's Village, a charity that provides homes for orphaned and abandoned children worldwide. At Asia Park in Đà Nẵng, Capri Everitt will be singing the Việt Nam national anthem Tiến quân ca (Marching Song) with more than 100 students and many children of Đà Nẵng's SOS village. The event is part of a global movement to empower children and to get them more involved in making the world a better place. Việt Nam's Đà Nẵng city will be the 31st destination in Everitt's journey, which started on October 11, 2015, from Canada. In her performance in each country, Everitt sings the national anthem in the native language with local children. SOS Children's Villages International has also been conducting many community activities in Đà Nẵng every day from March 16 to March 19. Asia Park, a VNĐ10-trillion (US$450 million) project of real estate developer Sun Group, is a leading amusement park in Southeast Asia. More details are available at #http://bizhub.vn/corporate-news/15655/https://www.facebook.com/danang.asiapark. - VNS... [read more]




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