Latest blog articles
2016 – eventful year for big players
The new dollar billionaire – Trinh Van Quyet.
State sells golden geese
In late August, the Prime Minister decided to continue selling the state’s stakes in the two largest breweries – Habeco and Sabeco – and in Vinamilk, the nation’s leading dairy producer.
The decision to sell shares through auctions is expected to benefit all parties, including the state, which can optimize profit from the sale, and the investors, who have more investment opportunities, as well as the companies which will see their business become more transparent.
The best-known names in various business fields all entered the bourse in 2016. The year also saw the appearance of a new dollar billionaire – Trinh Van Quyet.
The latest sale of Vinamilk shares in December brought $500 million to the State. It was the largest deal in SE Asia in 2016.
New big players on stock market
A series of big enterprises began listing shares on the bourse in 2016. Sabeco and Habeco were the best known names. Sabeco has the share with the second largest capitalization value, just to Vinamilk.
Investors are looking forward for the list of FPT Telecom which plans to list 137 million shares and Novaland which is believed to have the largest land fund in HCMC.
Superfoods Group, which manages Highlands Coffee owned by Jollibeer and Viet Thai International, is also going to list shares on the bourse.
Meanwhile, Vietjet Air, the low-cost air carrier, is preparing for its IPO and listing, slated for February 2017.
The other big names to list shares include ACV (airport corporation), Vinatex (textile & garment), Petrolimex (petroleum distributor) and Vietnam Airlines.
Trinh Van Quyet - dollar billionaire
Quyet, whose stock assets were estimated at below VND1 trillion in the past, unexpectedly became a dollar billionaire in 2016.
Faros, the shares of a construction firm held by Quyet, saw the price escalate since it entered the bourse in September from VND10,500 per share to VND120,000.
In mid-November, when Faros price reached its peak, Quyet outstripped Pham Nhat Vuong, who headed the list of stock billionaires for the last seven years. At that time, Quyet’s assets reached VND5.4 trillion.
However, Faros shares have later decreased in price and Vuong has regained its first position in the list of richest stock billionaire.
VNX Allshare Index
There are two major indexes for the Vietnamese stock market – VN Index for the HCMC Stock Exchange and HNX Index for the Hanoi bourse. The UpCom Index is for public companies with less strict requirements.
Investors believe that Vietnam needs a common index for the whole market which fits international practice. Therefore, in 2016, VNX Allshare Index was released. It represents 400 shares in the market. VNX Allshare Index is believed to be the first step taken by SSC to implement the plan to merge the two exchanges.
Dow 20,000: What does it mean and where does it go?
With the Dow Jones industrials above 20,000, it's natural to ask what's going on and what, if anything, investors should do. Here are some answers to common questions that people have about the stock market.Q. Can the stock market keep going higher?A. The Dow has more than tripled from its low point during the recession seven years ago. Some experts have been surprised the market has continued to rise so much in recent months, particularly since corporate profits have been mostly shrinking over… chat_bubble_outline Read More...
Binh An drum-making village enters high season
VietNamNet Bridge – Binh An Village in Binh Lang Commune in Tan Tru District in the Mekong Delta province of Long An has been known for its tradition of making drums for over 100 years. The village is a hub making drums for ceremonies, unicorn dances and schools nationwide, and even for exports. A drum’s body which is in a round shape can be made from wooden sticks, or a whole block of wood. In the photo, Mr. Nam Men is covering a drum’s surface with leather. This drum which is made from a… chat_bubble_outline Read More...
Israel OKs more settler homes ahead of Trump talks
Jerusalem (AFP) - Israel approved hundreds of new settler homes in east Jerusalem Sunday, hours before Prime Minister Benjamin Netanyahu was to speak to US President Donald Trump for the first time since his inauguration.But a potentially explosive plan to annex a large West Bank Jewish settlement near Jerusalem unilaterally was shelved until after Netanyahu and Trump meet face-to-face."This evening there will be a telephone conversation between President Trump and myself," Netanyahu told a… chat_bubble_outline Read More...
Japan’s economic region strengthens co-operation with Vietnam
Chairman of the Kansai Economic Federation (Kankeiren) Shosuke Mori made the statement at a meeting with Deputy Prime Minister Vuong Dinh Hue in Hanoi on September 12. He said Kansai is home to three major cities: Osaka, Kyoto and Kobe, adding that the region accounts for one quarter of Japan’s trade turnover with Vietnam and over 20% of Japanese businesses operating in the country are from Kansai. He said he hopes to make contributions to Vietnam’s sustainable economic development, especially… chat_bubble_outline Read More...
Payet gets his dream move back to Marseille
London (AFP) - France international Dimitri Payet's long drawn out transfer saga ended on Sunday as Premier League side West Ham agreed to sell him to Ligue 1 outfit Marseille for a reported £25million (29.3m euros, $31.3m).The 29-year-old -- who starred for the Hammers last season scoring 12 goals -- had effectively gone on strike at the beginning of the month.He said he would not play for the club again and his and his wife's priority was a return to France and his former club.However, having… chat_bubble_outline Read More...