VIETNAM BUSINESS NEWS JULY 4 Chia sẻ | FaceBookTwitter Email Copy Link Copy link bài viết thành công
04/07/2021 11:21 GMT+7
Vietnam to have 1,704 industrial clusters by 2025
Vietnam aims to have 1,704 industrial clusters by 2025, according to the Ministry of Industry and Trade.
Minister of Industry and Trade Nguyen Hong Dien made the statement during an online meeting about managing and developing industrial clusters on July 2.
In 2020, Vietnam had 968 industrial clusters, covering 30,912ha. Of which, the infrastructure of 450 clusters was invested in by private firms. As of now, the authorities have approved technical infrastructure projects at 955 clusters that cover 29,782ha and have a total investment of VND115trn (USD4.9bn).
Stock market frenzy signals financial capacity intentions 10:55 | 10/03/2021
Stock market frenzy signals financial capacity intentions. Photo: freepik.com
SeABank â the banking arm of BRG Groupâs ecosystem â has just confirmed its forthcoming first trading date on the Ho Chi Minh City Stock Exchange (HSX).
More than 1.2 billion shares of SeABank (ticker: SSB) were listed in December and will be officially traded from March 24, with a reference price on the first trading day of VND16,800 (7.3 US cents) per share.
Last week, BAC A BANK also listed 708.5 million shares on the Hanoi Stock Exchange (HNX). Having been conducting transactions on the Unlisted Public Company Market (UPCoM) since 2017, its stocks have officially ceased on the system and shifted to the HNX.
Banks plan to attract foreign capital 14:35 | 05/03/2021
While many Vietnamese banks have foreign shareholders, there still remains ample room for foreign ownership
The shareholders of Viet Capital Bank have approved the plan to issue additional shares of up to a maximum of VND1 trillion ($43.5Â million) in the first quarter.
At the same time, the bank has just closed the list of shareholders whose written opinions will be requested on the plan to set the maximum foreign ownership limit at 30 per cent to attract additional foreign capital while improving financial capacity and competitiveness.
Nam A Bank is implementing a plan to increase its charter capital to VND7 trillion ($304.35Â million), including a plan to issue 57 million shares, equivalent to VND570 billion ($24.8Â million), to pay dividends at the rate of 12.4878 per cent and offer for sale 143 million individual shares, equivalent to VND1.43 trillion ($62.17Â million).
Shares reverse to fall after early gains 12:18 | 25/02/2021
Shares reversed after early gains in the morning session on Wednesday, with the market struggling for most of the trading time.
A worker of PetroVietnam Gas JSC (GAS) checks technical issues. Shares of GAS lost 1.5 per cent on Wednesday. - Photo courtesy of GAS
The benchmark VN-Index on the Ho Chi Minh Stock Exchange lost 1.33 per cent to close at 1,162.01 points.
The index had gained 0.22 per cent to end Tuesday s session at 1,177.64 points.
Nearly 603 million shares were traded on the southern bourse, worth VND15 trillion (US$652.2 million).
Market breadth was negative with 93 gainers and 357 losers.
Huge volume of new shares, record liquidity put HoSE system under pressure Chia sẻ | FaceBookTwitter Email Copy Link Copy link bài viết thành công
16/01/2021 13:49 GMT+7
The HCM City Stock Exchange (HoSE)’s technical system was under significant pressure with billions of new shares recently listed and to be listed on the bourse and huge cash inflow which boosted the market liquidity to record levels.
The volume of shares listed on the HCM City Stock Exchange would increase strongly as billions of shares would be listed on the southern bourse soon. File Photo
The market liquidity set new record levels in recent weeks which helped the index increase strongly. This caused the southern bourse to run into technical problems recently, although the standard lot was raised from 50 to 100 shares.