Le Hai Tra, head of the management board of HSX, announced that the bourse has finished the majority of preparations to launch CW in March, including securing the approval of regulators and the opinions of the market niche. Regarding the CW trading system, HSX previously partnered up with several associate member securities companies to conduct three test runs in beta test trading transactions prior to the launch. To date, key securities companies, including Saigon Securities Incorporation (SSI), Ho Chi Minh City Securities Corporation (HSC), VNDirect Securities Corporation (VND), and MB Securities Joint Stock Company (MBS), announced launching the first phase of applying CW on the securities market. In order to prepare for the debut in March, these securities companies were reported to wrap up the market creation and risk prevention system as well as perfect human resources and business process management. Simultaneously, HSX collaborated with its associate securities companies in the finalising process, who helped offer CW to interested investors as well as held solicited training sessions from foreign credentialed professionals in the field of financial instruments. Due to the highly distinctive features of CW, such as high leveragability and profitability in comparison to conventional stocks, the option will likely suit investors of high risk appetite and tolerance and those equipped with a certain amount of knowledge in trading new types of securitised options on a conventional securities market. With the intent to facilitate investors’ access to CW within the early days of launching, HSX decided to nominate stocks—the most basic… [Read full story]
The exchange rate adjustment helps enterprises to take the initiative in business plan preparationSince the beginning of May, the Ho Chi Minh Stock Exchange (HOSE) has officially used the Financial Instrument Global Identifier (FIGI) in providing information about shares listed on its website. The use of FIGI and the International Securities Identification Number (ISIN) is aimed at enhancing the transparency of the market and facilitating global investor access to information about shares listed on HOSE’s website. Peter Warms, Global Data Manager for entity content, corporate actions and symbology at Bloomberg, said that FIGI was a 12-digit alpha-numeric identifier developed based…... [read more]
The new product, Continental ContimaxContact MC5, possesses special traits that are suitable with SEA’s as well as Vietnam’s heavy rainfall and hot, humid climate.The new tire inherits the essence of high-performance tires. ContiMaxContact MC5 is capable of providing smooth and comfortable driving in any weather and road condition.With specially designed treads, ContiMaxContact MC5’s deform is reduced to the minimum level for the best handling and cornering.ContiMaxContact MC5 can meet aesthetic criteria for wheels of different size while also able to provide comfort and smoothness with the Conti Silent Tread Pattern Groove technology.As ContiMaxContact MC5 is designed with special traits that…... [read more]
Last week, like other Asian securities markets, the Vietnam securities market recorded a decrease. By the end of the week the VN-Index was down to 523.70, 22.28 points less than the beginning of the week. The total transaction volume was 4,874,890 shares (3.08 per cent less than the previous week). The total transaction value was VND250,882,984 (11.57 per cent less than previous week). The decline will continue during the Football World Cup as the public and investors are strongly attracted by the sport event. Meanwhile, more companies are preparing for the listings such as Sacombank, Binh Minh Plastics, Sudico, Comeco,…... [read more]
This trend was demonstrated through a series of important Government decisions such as Decision 528 on reviewing the list of State-owned enterprises which must conduct equitisation, post their shares and register transactions on the bourse; Decision 189 on the establishment of a centre for independent securities custody; and Decision 328 on increasing the maximum ownership proportion of foreign investors to 49 percent. If this proportion is reached, the securities market will really become a long-term capital mobilisation channel for the national economy as it enters its sixth years of operation, which is also the first year of the five-year plan…... [read more]
Bahn Auto – the exclusive distributor of Continental in Vietnam just introduces a new product aims at high performance vehicles – the Continental ContriSportContact 5P.Continental ContiSportContact 5P is designed exclusively for supercar, sportcar or high performance car… featuring a perfect combination between smooth, comfortable driving experience with typical traits of premium tires.Thanks to specially designed tire groove that can minimize tire deformation in cornering session, ContiSportContact 5P should be able to meet instantaneous shift when operating. Asymmetrical tread also helps to increase traction control in wet conditions.Additionally, sound disperse units on the tire will optimize driver and passengers’ comfort with…... [read more]
