bush visit ignites bourse

Bush visit ignites bourse

Vietnam’s stock market is more bullish than ever in its six-year history following the historic visit by US president George W. Bush to the Ho Chi Minh City trading floor last Monday.
vinacapital pushes into it

VinaCapital pushes into IT

Fund management firm VinaCapital last week launched its latest fund dedicated to investing in Vietnam’s information technology and telecommunication companies.
exchange tempts us institutions

Exchange tempts US institutions

Scores of high-profile US financial institutions are making a beeline for the booming Vietnamese stock market, which is believed to be the fastest growing in Asia.
ocbc to buy into vpbank

OCBC to buy into VPBank

Singapore-based Overseas Chinese Banking Corporation (OCBC) has received approval from the central bank over its plans to acquire 10 per cent of the Vietnam Bank for Private Enterprises (VPBank). Upon purchase, OCBC will be the fourth foreign bank to buy into a Vietnamese lender.
acb 190m bond plan

ACB $190m bond plan

Asia Commercial Bank (ACB) is considering an ambitious plan to issue convertible bonds worth VND3 trillion ($190 million) in a bid to strengthen its financial position.

Breakthrough: energy efficient fuel from tra and basa fish fat

Vietnam’s leading catfish co-op Agifish has teamed up with SaigonPetro and two local refrigeration firms to produce a bio-fuel efficient enough to run diesel engines from the fat of tra and basa fish.
banks tussle for deposits

Banks’ tussle for deposits

Vietnamese commercial banks are in a race for more funds, both in Vietnamese dong and US dollars, by hiking deposit interest rates despite the consensus reached last year among local banks not to use interest rates as a tool for competition.
danao set to go it alone with ailing dalat resort project

Danao set to go it alone with ailing Dalat resort project

After years of negotiations, US-backed Danao International Holdings has won the right to go it alone as its local partner, Lam Dong Tourist Company, has agreed to withdraw from the ailing Dalat Resort Incorporated (DRI).
speculators look for place in the sun

Speculators look for place in the sun

Year-round warm weather, a well-preserved environment, pristine forests and stretches of beautiful sandy beaches have made Phu Quoc, off Kien Giang Province, one of the world’s most fascinating tourism paradises. But to turn it into the premier tourist destination that the government plans will require some work.
interfood preps ipo ingredients

Interfood preps IPO ingredients

Malaysian-owned foodstuff and confectionery producer Interfood will sell more than 3.65 million shares early next month in a move to prepare for listing on Vietnam’s stock market.

Disneyland-style park for Vung Tau?

A leading US real estate and investment firm Platinum Dragon Empire Incorporated (PDE) has tabled plans to develop a Disneyland-style theme park and an aquarium complex in the coastal town of Vung Tau, a popular tourist destination 129 kilometres southeast of Ho Chi Minh City.

Stampede for VinaLand fund

VinaCapital, the fund manager of the London stock exchange-listed Vietnam Opportunity Fund (VOF), said it received a strong response from international investors to VinaLand, its new fund dedicated to real estate opportunities in Vietnam.

Foreign banks dominate EPZs, IPs

Although new flexible rules have been applied by local banks to free up loans for enterprises, foreign-invested banks are still the main choice for enterprises in most industrial parks (IPs) and export processing zones (EPZs).
flood of foreign funds forecast

Flood of foreign funds forecast

Hundreds of millions of US dollars are expected to flow into Vietnam under foreign portfolio investment, following information released by high-profile foreign fund managers and securities investors at a conference last week.

First FIE set to float on local bourse

The State Securities Commission (SSC) has given in-principle approval to Taiwanese-owned electrical wire and cable producer Taya Vietnam to trade shares on the local stock exchange.