BSH, formerly known as SHB – Vinacomin Insurance Joint Stock Company, was established at the end of 2008 and became a public company 2 years later. Photo BSH HÀ NỘI The industry-real estate-finance conglomerate T&T Group has just registered to sell all 9.95 million shares held at Saigon – …
Read More »Coteccons Construction (CTD) plans to sell treasury shares to key personnel at a price seven times lower than market price
Coteccons’ shares have exhibited robust growth on the stock exchange, rising from the price range of VNĐ45,000 per share at the end of October 2023 to VNĐ70,000 per share at present. Photo Coteccons HÀ NỘI Coteccons Construction Joint Stock Company (CTD) has recently unveiled its plan to sell approximately 713,000 …
Read More »Parents demanding refunds annoy language school Apax Leaders
Nguyen Ngoc Thuy, the head of language school Apax Leaders, is complaining about people “surrounding” his facilities and demanding a refund of their children’s fees. Many parents have been showing up at Apax Leaders English centers in Ho Chi Minh City to demand refunds of fees they had paid years …
Read More »Chinese tourists flock back to Thailand
Chinese topped the list of travelers to Thailand in the first week of 2024 as the country eyes a strong recovery in Chinese tourist numbers after last year’s fiasco. Tourism and Sports Minister Sudawan Wangsuphakijkosol said there were 81,854 Chinese tourists, accounting for 13% of total foreign arrivals. Malaysians were …
Read More »Market dampened by falling large-cap stocks
Two workers at facilities of Hoà Phát Group (HPG). HPG lost 0.5 per cent yesterday. Photo HPG HÀ NỘI Tuesday’s market witnessed a subdued atmosphere as the weight of declining large-cap stocks exerted pressure on overall trading activities. On the southern bourse Hồ Chí Minh Stock Exchange, the VN-Index …
Read More »Vietnam Railways posts profits after 3 years of losses
State-owned Vietnam Railways reported profits of VND94.8 billion (US$3.89 million) for 2023 as it returned to the black after three years of losses. Its revenues topped VND8.5 trillion. The company served 6.1 million passengers last year, a 35% increase from 2022. The turnaround is attributed to the large discounts, of …
Read More »Will I miss out if I do not buy real estate early?
If I can but choose not to buy a VND3.7 billion (US$151,981) house that later appreciates in value to VND4 billion, does that mean I missed out on VND300 million? Recently, I have seen many fellow readers share their opinions about buying houses, with the gist being that they missed …
Read More »Ministry drafts amendments to increase VAT management
A consumer shops at a supermarket in HCM City. It is necessary to amend the Law on VAT which has shown limitations 15 years after being put into force. — VNA/VNS Photo Mỹ Phương HÀ NỘI — The Ministry of Finance is raising a draft amendment to the Law on …
Read More »SBV Governor to be authorised to issue special loans for restructured banks
Headquarters of the State Bank of Vietnam. The Government believes that the SBV’s Governor should have the power to decide on special loans for banks under restructuring. Photo sbv.gov.vn HÀ NỘI — The Government has proposed to assign the Governor of the State Bank of Vietnam (SBV) the power to …
Read More »Property companies bond issuances surge by 41%
Property development companies raised over VND73 trillion (US$3 billion) by issuing corporate bonds last year, a 40.8% increase from 2022. Bond issuances topped VND311.2 trillion, and were mostly private placements, according to the Vietnam Bond Market Association (VBMA), which seeks to protect investors in the bond market. The banking sector …
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