The new comers included VNPost Express Joint Stock Company (coded EMS), Da Nang Security Company (coded DSC), Hanoi-Nam Dinh Beer Joint Stock Company (coded BBM) and Hanoi School Books and Equipment Joint Stock Company (coded HAB). Photo for illustration Total transactions were estimated at over VND 247 trillion (USD 10.8 billion) and UPCoM’s market capitalization reached VND 719.4 trillion (USD 31.67 billion) so far. Last year, UPCoM saw a leap in both market scale and liquidity. An average 11.6 million shares were traded at each transaction with average value at VND 218 billion (USD 9.6 million), up 35 percent in volume and 71 percent in value as compared to the previous year. The HNX attributed the sound results to an array of policies which encourage enterprises to trade on UPCoM. Especially, the Ministry of Finance’s Circular No.115/2016/TT-BTC was billed as a driving force for the bourse’s development when it attaches share auctions as part of equitization with trading registration on UPCoM. A line-up of workshops and training courses were held by the HNX to help local businesses get updated with latest regulations and understand the Government’s policy on state-owned enterprises (SOEs) restructuring in companion with stock market participation Particularly, the HNX issued a set of regulations to classify codes on the UPCoM based on capital scale to make it easier for investors to follow existing companies. The exchange is also making preparation for the classification and management of a large number of commodities to be released into the UPCoM market… [Read full story]
Up to 44% of some 35 million Internet users in Vietnam have not experienced online shopping, according to the association The programme is expected to provide opportunities for both e-business community and consumers as most of businesses have yet to devise effective marketing strategies, said the organiser.In addition, more cooperation opportunities are expected to open for businesses in the fields of express service, banking, transport and telecommunication. It will also offer special discounts for a wide range of products such as electronics, cosmetics, and fashion items.... [read more]
Trading excitement from the opening ofSept. 14 session on the HCM Stock Exchange drove the VN-Index up 8.60points to 556.59, a gain of 1.57 percent to start the new week. Thevalue of the day’s trades reached a heady 2.92 trillion VND (164million USD) on a volume of 62.96 million shares.Sacombank (STB) claimed the spot as most active share, with 6.35 million traded.On the Hanoi Stock Exchange, the HNX-Index also advanced by 1.51percent on September 14 to close at 171.83 points, with 41.13 millionshares changing hands for a combined value of 1.4 trillion VND (78.7million USD).Foreign investors were net sellers on…... [read more]
Representatives of businesses from across Viet Nam will gather at the “2017 Trade Links Conference VACOD - Soc Trang” in the southern province of Soc Trang on October 14 and 15.The two-day event, themed “Promoting corporate strength in the regional linkage”, is organised by the Viet Nam Association for Consumer Development (VACOD) in collaboration with Soc Trang Provincial People’s Committee at the Soc Trang Cultural Centre, to celebrate the 13th anniversary of Vietnamese Entrepreneurs Day, which falls on October 13.The event is expected to welcome more than 300 delegates representing ministries, organisations and business associations from 11 provinces and cities,…... [read more]
Premier Wynne arrived in Ho Chi Minh city on December 3rd to begin her first business mission to Vietnam and the first-ever Ontario Premier led mission to the country. While in Vietnam, the Premier participated in roundtable discussions and hold meetings with senior political leaders to build partnerships and exchange ideas. Premier Wynne and her delegates then traveled to Hanoi capital on December 5th, and departing Vietnam on December 7th. While in Vietnam, Ontario delegates met with key business, academic and political leaders to forge new relationships and drive innovation with Vietnam and its businesses.Chairman of Ho Chi Minh city…... [read more]
Gas traders claim compensation Some 800 small and medium sized gas trading companies have submitted a proposal to the Prime Minister Nguyễn Xuân Phúc and Minister of Industry and Trade Trần Tuấn Anh on gas trading requirements. They have asked to maintain the current regulations on requirements for gas trading under Decree No. 19/2016/NĐ-CP. The businesses proposed that if the government reduces the requirements, they would claim compensation for the several billions of đồng they had invested in gas infrastructure. Recently, several gas traders complained about shortcomings in the decree, leading to difficulties. They said the decree's regulations stipulating that…... [read more]
