door closed on foreign property buys

Door closed on foreign property buys

A SENIOR official from Vietnam’s State Bank has said that Vietnamese law does not allow private citizens to send money abroad to buy real estate.

Hanoi office lease market awakens

HANOI’S office leasing market is consolidating with low vacancies and a gradual growth in rents after years of stagnation as the result of the Asian economic malaise that began in 1997.
foreigners snap up cheap stocks

Foreigners snap up cheap stocks

Foreign investors are snapping up bargain-priced shares abandoned by local investors, triggering new optimism in the somnolent Vietnamese bourse.
nation urged to harness fii potential enterprise

Nation urged to harness FII potential enterprise

VIETNAM should increase foreign indirect investment to help local enterprises improve their regional and global competitiveness, according to experts.Unofficial statistics point out foreign indirect investment (FII) is equivalent to less than 1 per cent of foreign direct investment (FDI). Most FII is implemented via investment funds and financial institutions.
bao minh and vinare insurers set to go public

Bao Minh and Vinare insurers set to go public

Two of Vietnam’s state-owned insurance companies are to go public following a decision endorsed by Prime Minister Phan Van Khai to develop the domestic insurance market to 2010.The Ho Chi Minh City Insurance Company (Bao Minh) and the Vietnam Reinsurance Company (Vinare) are to be equitised by 2010 with the State retaining a major stake in both companies.

Sweets maker to tempt investors with stock offer

Confectionery company Vinabico-Kotobuki is set to auction more than 29,000 shares in a move that will complete its equitisation process, director Duong Hong Lam said last week.
rush on bonds before issuance

Rush on bonds before issuance

Local commercial banks are rushing to buy large volumes of municipal bonds even though the Ho Chi Minh City government has yet to officially launch the issuance. Vietcombank has registered to buy $25.5 million worth of bonds of the $77.6 million issue. The Vietnam Bank for Investment and Development (BIDV) has registered to buy $32.4 million.
banks cheer third fund injection

Banks cheer third fund injection

The Ministry of Finance is to channel more than $103 million from the sale of government bonds to the five biggest state-run commercial banks by the end of this month. The banks to receive the capital are the Vietnam Foreign Trade Bank (Vietcombank), Vietnam Industrial and Commercial Bank (Vietincombank), Vietnam Bank for Investment and Development (BIDV), the Vietnam Bank for Agriculture and Rural Development (VBARD) and Mekong Delta Housing Bank (MHB).
pm sees bourse as integral part of the economy

PM sees bourse as integral part of the economy

The stock market should be an integral part of the financial market, Prime Minister Phan Van Khai told a meeting of the State Securities Commission (SSC).
southern hub gets on bond bandwagon

Southern hub gets on bond bandwagon

HO CHI Minh City has passed a new rule allowing foreign investors to purchase municipal bonds.
gemadept in bold move for foreign listing

Gemadept in bold move for foreign listing

Gemadept will become the first Vietnamese company to list on an international stock exchange if a plan it submitted to the State Securities Commission (SSC) is approved.
first fund management company licensed

First fund-management company licensed

The State Securities Commission has licensed Vietnam’s first fund management joint venture, the Viet-Fund Management Company (VFM).