The Hanoitimes - In 2018, Ho Chi Minh City’s gross regional domestic product (GRDP) expanded 8.3%, making up 24.16% of Vietnam’s GDP, the highest rate so far. Ho Chi Minh City welcomes 7 millionth foreign visitors so far this year Hanoi and Ho Chi Minh City stock exchanges urged to merge in 2019 Global manufacturers speed up FDI diversion and relocation from China to Vietnam Next-generation FDI strategy required for Vietnam's greater global integration Ho Chi Minh City is calling for foreign investment in 255 projects in the fields of infrastructure development, smart urban, and environment, among others, according to Nguyen Thien Nhan, secretary of the city's Party Committee. Overview of the conference. Source: VGP. In 2018, Ho Chi Minh City’s gross regional domestic product (GRDP) grew 8.3%, making up 24.16% of Vietnam’s GDP, the highest rate to date, Nhan said in a meeting between the city’s leaders and foreign-invested … [Read more...] about Ho Chi Minh City invites foreign investments in 255 infrastructure projects
Ho chi minh city stock exchange
Hanoi and Ho Chi Minh City stock exchanges urged to merge in 2019
The Hanoitimes - The merger is part of a series of measures to develop Vietnam’s stock market. Hanoi Stock Exchange plans five IPOs this month Hanoi Stock Exchange headquarters makes debut Vietnam hosts ASEAN Stock Exchange CEOs’ conference Vietnam’s Minister of Finance Dinh Tien Dung has required stock market authorities to accelerate the long-planned merger between the Hanoi Stock Exchange (HNX) and the Ho Chi Minh Stock Exchange (HoSE) to form the Vietnam Stock Exchange this year, local media reported. The Ho Chi Minh City Stock Exchange. The merger has been planned for years, but few details on the progress have been made public so far. Last July, the Ministry of Finance submitted to the government proposal for merging the two stock exchanges. Under the plan, all shares listed in the market would be moved to the HoSE, while the government bond and derivatives markets are placed in Hanoi. The HoSE now is home to the largest … [Read more...] about Hanoi and Ho Chi Minh City stock exchanges urged to merge in 2019
Ho Chi Minh City stocks end 4 day rally
Vietnam’s benchmark VN-Index fell after a four-day rally, dragged down by financial-banking, retail and agricultural stocks. Two investors follow the stock index at the VNDirect Stock Exchange.-VNS Photo Truong Vi The VN-Index on the HCM Stock Exchange dropped 0.38 per cent to close at 952.77 points after gaining a total of 3.1 per cent in the previous four sessions. The HNX-Index on the Hanoi Stock Exchange lost another 0.56 per cent to end at 105.56 points. The northern market also lost 0.56 per cent on Tuesday. More than 249.3 million shares were traded on the two exchanges, worth VND5 trillion (US$225.5 million). The figures were down 11.7 per cent in volume and 1.1 per cent in value compared to Tuesday. Large-cap stocks finished the day in negative territory with the blue chip VN30 Index down 0.54 per cent at 939.31 points and 17 of the 30 largest stocks by market capitalisation declining. The retail sector index fell 2.1 per cent, and the agricultural sector index … [Read more...] about Ho Chi Minh City stocks end 4 day rally
Shift seen in use of overseas remittances to Ho Chi Minh City
By Le Chi  June 13, 2018 | 07:50 pm GMT+7 Dollar/dong exchange rate in the first five months of 2018 has not fluctuated sharply. Photo by Reuters Central Bank official says most of the funds have been invested in manufacturing instead of traditional channels. A sharp increase in remittances to Ho Chi Minh City this year has been accompanied by a shift to investment in manufacturing rather than real estate, stocks and savings accounts, a senior officer at the central bank says. Nguyen Hoang Minh, deputy director of the HCMC branch of the State Bank of Vietnam (SBV), said that by the end of May, a total of $2 billion has been transferred from overseas to the largest city in Vietnam. In April and May, remittances reached $0.9 billion, while $1.1 billion was received in the first three months. The money has been mostly used in manufacturing business instead of real estate, stocks and savings as usual, Minh said. The increasing amount of remittances shows … [Read more...] about Shift seen in use of overseas remittances to Ho Chi Minh City
Vinhomes makes stock exchange record in market capitalisation
Vinhomes, a subsidiary of Vingroup, expects to list 2.68 billion shares on the Ho Chi Minh City Stock Exchange on May 17, reaching a record market capitalisation of $13-13.5 billion. The Vinhomes Central Park project As one of the leading real estate developers in Vietnam, Vinhomes are currently implementing projects in 40 cities and provinces across the country. It also owns numerous golden land plots in Hanoi, Ho Chi Minh City, Haiphong, and Danang, among others. As of March 31, Vinhomes reported its asset value of VND94.69 trillion ($4.16 billion) and charter capital of VND38.24 trillion ($1.68 billion). The apartment sales volume in 2015-2017 made up 15 per cent of the country total. The firm has released its financial statement for the first quarter of this year. Notably, it earned VND10.53 trillion ($462.6 million) in net revenue and VND3.98 trillion ($174.8 million) in after-tax profit, tripling and quintupling its performance from last year. Recently, Singaporean … [Read more...] about Vinhomes makes stock exchange record in market capitalisation