In the quest for rejuvenating Vietnam's tourism sector, it is crucial to establish specific objectives.
Loc Troi Group Joint Stock Company (LTG) achieved a significant milestone in 2023 by recording the highest revenue in its history, surpassing VND 16,000 billion. However, investors were taken aback by the surprising figure revealing that the profit after tax for the same period was a mere VND 16.5 billion.
In a recent discussion with Mr. Phan Đình Huê, Director of VietCircle Tourism Company, we explored the necessity of implementing additional policies to cater to super-luxurious guests.
The ambitious endeavor to disburse a preferential credit package worth VND 120,000 billion for investors and home buyers in social housing projects and worker housing faces significant hurdles, with little progress evident thus far.
On April 2, in Melbourne, Victoria state, Australia, Mr.Hoang Nghia Hieu - Deputy Secretary of the Provincial Party Committee, together with a delegation from Nghe An province, had a working session with Australian businesses and the Vietnamese Business Association in Australia.
Nội dung hướng dẫn ôn thi kiểu 'lụi nhanh', 'khoanh bừa' tràn lan trên mạng xã hội, thu hút không ít sự quan tâm của đối tượng học sinh.
As we enter 2023, the outlook for investment channels appears to be generally unfavorable.
In considering the potential amendments to Decree 24 governing the behavior in the gold market, various perspectives have been expressed. In this article, Saigon Investment explores the insights of Dr. NGUYỄN TRÍ HIẾU, Director of the Global Real Estate and Financial Market Research and Development Institute.
The existing significant disparity between domestic and international gold prices has reached an unreasonable level, contributing to the escalation of gold smuggling.
Sustained improvements in new orders support job creation with employment rises for the first time in four months, while business confidence jumped to one-year high.
In the year 2023, China outpaced the United States to claim the position of the primary consumer of Vietnamese agricultural, forestry, and fishery products. As we step into 2024, anticipation remains high for this market, particularly following the recent business expedition by the delegation from the Chinese Ministry of Agriculture and Rural Development.
The short-term upward trend in the stock market has now continued for three consecutive months, showing a growth rate of around 4% in January 2024.
In an interview with Saigon Investment, Mr. PHAN LÊ THÀNH LONG, General Director of AFA Group, noted that the decision by banks to lower deposit interest rates might provide a foundation for a further reduction in lending interest rates in the future.
Since the end of 2023 until the present, online forums have been consistently buzzing with inquiries about banks offering attractive deposit interest rates or when deposit interest rates are expected to rise again.
The first month of 2024 is drawing to a close, and the capital market appears to be in a state of relative 'stillness.' This is evident in deposit-related activities, where most banks are offering exceptionally low-interest rates, primarily due to a surplus of funds.
As we approach the financial announcement season of 2023, numerous securities firms have released analysis reports focusing on the TPB code of Tiên Phong Commercial Joint Stock Bank. Notably, all these analyses underscore the deterioration in the bank's asset quality.
The Vietnamese corporate bond market is still recovering from a major upheaval in 2022, when a 'bubble' burst and triggered strict new regulations like Decree 65/2022. This caused a temporary freeze on many businesses' activities, but a temporary measure, Decree 08, helped stabilize the market.
In a conversation with Saigon Investment, Mr. SHANTANU CHAKRABORTY, Country Director of the Asian Development Bank (ADB) Vietnam, remarked that in 2023, Vietnam's economy has successfully upheld the crucial objective of maintaining macroeconomic stability while still achieving substantial growth in comparison to many regional counterparts. Public investment (PP) and foreign direct investment (FDI) emerge as two pivotal pillars driving growth in 2023.
In an interview with Saigon Investment, Dr. VŨ MINH KHƯƠNG, an Associate Professor and lecturer at the Lee Kuan Yew School of Public Policy (National University of Singapore), emphasized Vietnam's resolute commitment to transitioning into a green growth model in recent years.
In an interview with Saigon Investment, ĐINH MINH TUẤN (pictured), Director of Batdongsan.com.vn in Southern Vietnam, offered insights into the real estate market's future.
In the 1990s, the US semiconductor industry held a dominant position in the global semiconductor manufacturing market share. However, over the following three decades, the US shifted towards establishing semiconductor factories abroad, primarily in Asian nations.
Despite the positive impact of input material prices on the operational activities of the Vietnam Dairy Products Joint Stock Company (Vinamilk, stock code VNM), challenges persist due to trends in domestic market consumption and input prices.
Despite over a decade of implementation, Decree 24/2012/ND-CP (ND24) by the Government aimed at regulating gold business activities and curbing goldization seems to be facing challenges in adapting to the current competitive market economy.
Saigon Investment recently discussed the effects of Decree No. 08/2023/ND-CP with Dr. NGUYỄN TRÍ HIẾU, a banking and finance expert, concerning the temporary suspension of provisions in Decree 65/2022/ND-CP regarding individual corporate bonds in the domestic market. The conversation also touched upon the potential necessity of extending this suspension, set to expire on December 31, 2023.
Many export industries are struggling to meet their targets, and the situation remains challenging despite signs of improvement in the order situation since the beginning of the fourth quarter.
There are concerns that Moc Chau Cow Milk Joint Stock Company (MCM), a subsidiary of Vietnam Dairy Products Joint Stock Company (VNM), may experience a sell-off before its anticipated listing on HoSE (Ho Chi Minh City Stock Exchange). The company is facing challenges in attracting investors, primarily due to unresolved issues impacting its business performance.
The context of the creation of Decree 24 dates back to a time when the world gold price stood at USD 1,670 per ounce, and the domestic gold price was VND 42.5 million per tael.
In the years spanning 2011 to 2015, the total investment capital in transport infrastructure reached VND 444,000 billion, with VND 186,660 billion coming from private sources in 62 projects operating under various models such as BOT (build-operate-transfer) and BT (build-transfer).
The recently issued Circular 67/2023/TT-BTC by the Ministry of Finance has ignited diverse opinions, with many readers advocating for a complete prohibition on banks selling insurance.
The USD index has experienced a significant drop of nearly 3.5% since its peak in early October, reaching its lowest level since the end of August.
In the face of a volatile global economy and challenging conditions worldwide, Vietnam is experiencing a remarkable surge in foreign direct investment (FDI) flows, particularly during the final months of 2023.
The increasing demand for electricity in Vietnam has highlighted liquefied natural gas (LNG) as a crucial element in the country's energy future. However, the utilization of LNG in power projects faces challenges, particularly in the realm of pricing mechanisms.
According to a report from the World Bank, Vietnam holds the 43rd position in the Logistics Performance Index (LPI), leading the fifth group of countries in ASEAN, trailing behind Singapore, Malaysia, Thailand, and sharing the same position with the Philippines.
Despite the global economic uncertainties that have characterized recent years, Vietnam has maintained its position as a magnet for foreign direct investment (FDI), highlighting the country's resilience and attractiveness as an investment destination.
At the ongoing 6th Session of the 15th National Assembly, a focal point of interest for many delegates is the 'Project on Restructuring the System of Credit Institutions associated with Bad Debt Settlement in the 2021-2025 period.'
The recent revelation that the number of stock accounts decreased significantly in October, with over 545,000 accounts being deleted, raised eyebrows in the stock market. Many attribute this decline in market liquidity to the quiet withdrawal of 'driving teams.'
Vicem Ha Tien Cement Joint Stock Company (HT1), a key player in cement production in Vietnam's Southern region, is currently grappling with financial losses and imbalance.
The revised draft Law on Credit Institutions presented to the National Assembly during the 6th session of Session XV reveals disparities compared to the previous draft submitted during the 5th session.
On October 2, the Saigon Investment Newspaper featured an article titled 'Presumptive tax for business households: Inadequacy and unfairness,' which sparked a range of reactions from tax authorities.
As of 2021, the calculation method for total bad debt in Vietnam is set to change, as outlined in Circular 11/2021/TT-NHNN (Circular 11).
Dynamic and industrious in preserving a multi-generational profession, women in the coastal area of Quynh Luu district actively contribute to economic development and increase income through various supporting jobs in fishing, including net mending.
During hot summer days, the demand for rice field crabs to prepare nutritious and refreshing dishes in Ha Noi has significantly increased. As a result, even with high price hikes, Yen Thanh's rice field crabs are still sold out.
The life insurance market in Vietnam has cooled down a lot in recent years. Some people believe it may have become completely saturated.
Recovery in steel prices has saved steel stocks from touching bottom for now. However, investors still remain cautious because of unexpected impact due to the global economic downturn which could possibly lower steel demand.
Investors and shareholders have been left surprised with corporations and businesses divesting from commercial banks at a starting price higher than the market price. With this move, banks too remain worried as once these big businesses divest then banks will no longer receive any incentives.
A business delegation of more than 50 well-known US corporations arrived in Vietnam last week to survey the market and look at possibilities of investing in viable projects.
On the afternoon of 14 March, many investors were left startled when the State Bank of Vietnam decided to reduce the operating interest rate and the short-term lending interest rate of credit institutions for a number of economic sectors from 5.5 per cent per year to 5.0 per cent per year. The immediate effect led to the stock market exploding by 2.1 percentage points in the session on 15 March.
In order to attract high spending tourists for long-term stay in Vietnam it is necessary to have a very clear strategy, offer a diversity of tourism products, increase the value of these tourism products, and at the same time promote more market research.
Investment in electricity, wind and solar power projects is lagging far behind. This has led to several vital projects being shelved.
Global recession has no doubt had an impact in the economy which is continuing to tackle many challenges. However, other difficulties that are plaguing several businesses, especially real estate businesses, is the situation in the corporate bonds market.