vinacapital spends 325 million on egg and poultry firm ba huan

VinaCapital spends $32.5 million on egg and poultry firm Ba Huan

VinaCapital Vietnam Opportunity Fund (LSE: VOF), the flagship fund of VinaCapital, has injected $32.5 million in the Vietnamese producer of pasteurised eggs and poultry meat, Ba Huan JSC.
golds turn to shine this year

Gold’s turn to shine this year

Buying gold on the day of the God of Wealth for good luck might well be just a belief, yet gold might not be too bad an investment for now and long-term investors should watch out for various factors that could affect the price.
banks take on wealth management

Banks take on wealth management

Managing the wealth of well-off people could be a pleasantly profitable business for banks this year, as the number of the rich is growing alongside the strong performance of the local economy. The development of this segment depends on legal backup from the central bank, banks’ competency and capability, and further market expansion.
forex reserves soar to all time high of 57 billion

Forex reserves soar to all time high of $57 billion

Vietnam’s FX reserves have bolstered up to a massive $57 billion, and given the upcoming divestment of state-owned enterprises, the Year of the Dog promises to bring the nation even more foreign currency notes in the months to come.
a new route for anz as fdi growth hits records

A new route for ANZ as FDI growth hits records

Surfing the first wave of FDI inflows in the early 1990s never seemed enough for ANZ Vietnam. The lender has now chosen to focus all its resources on institutional banking, to continue catering to its clients and leveraging the opportunities arising from the current FDI growth in the country.  
msi changes named to kb securities vietnam

MSI changes named to KB Securities Vietnam

Hanoi-based Maritime Securities Incorporation (MSI) has been officially renamed to KB Securities Vietnam (KBSV), in line with Decision No.07/GPDC-UBCK issued by the State Securities Commission.
ifc plans to ramp up banking loans

IFC plans to ramp up banking loans

The financial sector is ranked first in priority of investment in Vietnam for the World Bank Group’s private investment arm IFC in 2018, according to Kyle Kelhofer, IFC country manager for Vietnam, Cambodia, and Laos.
ifc invests in dnp water for better access to water in vietnam

IFC invests in DNP Water for better access to water in Vietnam

IFC, a member of the World Bank Group, has secured a convertible loan of $15.3 million for  DNP Water JSC, a subsidiary of Dong Nai Plastic JSC, to enhance clean water access for urban households and residents in Vietnam.
even with a stable market fx hedging is advised

Even with a stable market, FX hedging is advised

For multinational companies and foreign investors doing business in Vietnam, experts advocate minimising the FX risk through hedging, knowing that the dong may be steady today but may move unexpectedly tomorrow.
bnp paribas parting with orient commercial bank

BNP Paribas parting with Orient Commercial Bank

credit growth estimated to reach 193 per cent this year

Credit growth estimated to reach 19.3 per cent this year

The National Financial Supervisory Commission (NFSC) estimates that credit growth in 2017 will be at 18.7-19.3 per cent in its annual financial market review yesterday.
kasikorn bank brings perspective to vietnams npls

Kasikorn Bank brings perspective to Vietnam’s NPLs

With Christmas coming, Thai-based Kasikorn Bank has set its sights higher than just gaining a strong foothold in Vietnam – it also has an eye on the local bad debts market. On the sidelines of a VAMC and Kasikorn Bank-hosted event on “Managing distressed assets” last week, the bank’s executive vice president Pattarapong Kanhasuwan tells VIR’s Trang Nguyen how it can bring the experience in dealing with distressed assets after Thailand’s 1997 financial crisis to Vietnam’s bad debt situation.
digital banking grows to support new customers

Digital banking grows to support new customers

Digitalisation in retail banking is becoming a vital trend for Vietnam’s banking sector, not only to meet bank customers’ – especially young customers’ – needs, but also to help the nation achieve its goal of creating a cashless economy. Trang Nguyen reports.
vnd weathers fed rate hike

VND weathers Fed rate hike

The local currency has managed to stay healthy against the greenback so far, while overseas remittances are forecast to be on par with last year. The secret behind the dong’s strength and the dynamics influencing remittance flows for the year are explained by Barry Weisblatt, head of Research at Viet Capital Securities JSC, to VIR’s Trang Nguyen.
organic produce food for thought

Organic produce: Food for thought

As the concept of ‘good food, good life’ becomes more commonplace in Vietnam, consumers are paying more attention to what they consume on a daily basis.