7 ngày trước
Vietcap Securities (HSX:VCI) has announced that it signed syndicated loan financing for $75 million (VND1.82 trillion) on November 22, incorporating a 'greenshoe option' up to $50 million (VND1.21 trillion).
Vietnam is among the six ASEAN economies forecast to grow by 4.2 per cent in 2023, outpacing the global gross domestic product (GDP) growth of 2 per cent, according to Maybank Group president and chief executive officer (CEO) Datuk Khairussaleh Ramli.
Maybank Vietnam has celebrated 25th anniversary of operations in Vietnam in 2023, marking its belated Silver Jubilee (1995-2020).
The current property crisis in Vietnam is not likely to be systemic because of the real estate sector’s moderate size and limited links to the banking sector, according to a recent report.
VNDIRECT Securities Corporation has announced its enrollment into the $75 million offshore unsecured syndicated loan with the greenshoe option to increase the total limit up to $200 million from foreign financial institutions.
Foreign direct investment (FDI) has been transforming Vietnam into a rising star in global supply chains, and the country is expected to maintain its attraction to FDI companies in the long term.
Recent investigations, the tightening of capital market regulations by the government, and global economic uncertainty have led to a significant correction in Vietnam’s stock market. However, Maybank Investment Bank contends that the robust fundamentals underpinning Vietnam’s capital markets and its economy remain intact.
Vietnam, a rising star in the global supply chain, has the potential to become a new tiger in Asia, economist Brian Lee Shun Rong at Maybank - Malaysia's largest financial services group and the leading banking group in South East Asia – has reportedly said.
The earnings growth of listed companies is predicted to pick up in the second half of the year in light of some favourable indicators, according to Maybank Securities' latest report on Vietnam Strategy.
Vietnam is expected to become the next digital tiger in Asia as the country pushes forward with its digital transformation strategies, according to the Vietnam Economics report by MayBank.
The expansion of digital and virtual assets, such as cryptocurrency and in-game assets, has been exacerbated by the participation of renowned funds, with significant deals already in place. The sector, however, is still a long way from being fully operational due to a massive legal gap.
Over the past 20 years, Vietnam has seen over 4,000 merger and acquisition deals conducted in the country, with an aggregated value of $50 billion, securing third position in ASEAN.
Changes in the global supply chain are taking place due to the virus outbreak, prompting a mounting number of foreign manufacturers to speed up their relocation from China to neighbouring countries including Vietnam.
Dozens of companies are racing to buy back shares to stabilise prices amid the COVID-19 outbreak.
Businesses in Vietnam must focus on sustainable practices if they desire long-term growth from regional manufacturing shifts and rising overseas capital inflows.