Vietnam stock market best performer in Asia
By Dat Nguyen June 2, 2021 | 08:40 am GMT+7
An investor looks at stock prices on a smartphone at a brokerage in Ho Chi Minh City. Photo by VnExpress/Quynh Tran.
Vietnam’s benchmark VN-Index has surged over 20 percent in the first five months, highest among major benchmark indexes in Asia.
The growth, driven by an influx of new investors, exceeded those of South Korea and Taiwan that grew at more than 10 percent in the first five months.
One of the reasons why Vietnam’s stock market has surged in the past five months is that the government has continued to maintain a monetary easing policy, which means banks have kept their deposit rates low, Nguyen The Minh, director of analysis at brokerage Yuanta Vietnam, told
Vietnam firms again dream of listing on foreign stock exchanges
By Dat Nguyen April 23, 2021 | 07:20 am GMT+7
Labourers work at Vinfast auto plant on the occasion of its opening ceremony in Hai Phong city, Vietnam June 14, 2019. Photo by Reuters/Kham.
Vietnamese companies are once again contemplating listing abroad amid their growing demand to raise funds and hopes of popularizing their brands’ globally.
Recent reports that companies like VinFast and Bamboo Airways are considering listing their shares in the U.S. show they have achieved a certain level of maturity and want to establish their brands globally, Le Dat Chi, deputy department head of the School of Public Finance, University of Economics Ho Chi Minh City, said.
Stock market 2020: a rollercoaster year that ends happily
By Hung Le December 23, 2020 | 08:00 am GMT+7
An investor looks at stock prices on a screen at a brokerage in Ho Chi Minh City. Photo by VnExpress/Quynh Tran.
Covid-19 sent Vietnam’s stock market tumbling to its lowest levels in years, only for it to rebound spectacularly as cash poured into the market.
When the benchmark VN-index ended 2019 at 960.99 points, a rise of 7.67 percent in a sedate year with few fluctuations, no securities firms foresaw the rollercoaster ride that was awaiting them in 2020.
Steady macro-indicators had underpinned 2019, with GDP growing by 7.02 percent, inflation below the government’s 4 percent target, rising household consumption, and the U.S.-China trade war bringing foreign investment into Vietnam’s manufacturing sector.
Foreign firms intent on stronger foothold in Vietnam’s pharma industry
By Phuong Dong December 15, 2020 | 02:32 pm GMT+7
A staff works in a lab of DHG Pharmaceutical Jsc in southern Vietnam. Photo courtesy of the company.
Foreign firms are pouring increasing sums of money into acquiring stakes in Vietnamese pharmaceutical firms, targeting larger market shares in a thriving industry.
Dutch firm Stada Service Holding B.V. last month obtained permission from Vietnam s Pymepharco to increase its ownership in the Phu Yen Province-based company to 100 percent.
Stada had increased its stake in Pymepharco by six percent to nearly 76 percent last week. The deal is estimated at around VND380 billion ($16.4 million), based on closing stock price on December 11.