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Tag Archives: Vietnam&#039s

Vietnam's biggest fund says it's time to buy after stock rout

Vietnam’s largest fund manager is boosting his equity holdings, saying the benchmark gauge’s recent slump to a 13-month low has made stocks attractive. Andy Ho, managing director and chief investment officer at VinaCapital Group, said he favors property and consumer companies, as Vietnam’s economy will continue to expand despite the global ...

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VietinBank acquires stake in Vietnam's second biggest port: report

 A file photo of Hai Phong Port. Photo credit: baogiaothong.vn State-owned shipping firm Vinalines has transferred nearly 7 million shares in Hai Phong Port, or a 2.12 percent state, to one of the country’s biggest lender VietinBank, according to media reports.  The transport ministry’s news website Bao Giao Thong reported ...

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Vietnam's banks forecast strong credit, deposit growth

 An undated photo of stacks of money arranged inside a bank in Hanoi. Photo: Ngoc Thang Banks in Vietnam are aiming for an average increase of 17.46 percent in deposit and 21.4 percent in credit this year, following their “improved” performance last year, according to a survey released by the ...

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Vietnam's retail sales beat forecast, top $108 billion

Vietnam’s retail market posted sales of more than VND2.46 trillion (US$ 108.8 billion) in a “quite busy” year with the entry and expansion of many foreign and local retailers. According to the General Statistics Office, that was an increase of 10.6 percent and surpassed most projections. Local and international market ...

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CapitaLand looking to invest in Vietnam's office segment: exec

Singapore’s CapitaLand Ltd is looking to invest in Vietnam’s office property segment, its country head said, as the real estate developer seeks to grow its portfolio beyond residential and serviced apartments in the fast-growing economy. Besides land, the company is looking to buy completed office buildings and upgrade them, Chen ...

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Vietnam's airport manager seeks strategic investors after IPO success

After an initial public offering raising a higher than expected US$ 51.6 million on Thursday, state-owned Airports Corporation of Vietnam (ACV) now starts looking for strategic investors to sell a 20 percent stake. Vu Anh Minh, chief of the transport ministry’s businesses administration, was quoted by news website VnExpress as saying that ...

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