Stock market analysts talk of comeback (18-06-2008) Brokers during a trading session at Ha Noi Securities Trading Centre. Market analysts say investors’ faith in the stock markets is growing. — VNA/VNS Photo Phuoc Hau HA NOI — Encouraged by recent stirrings of activity on the part of local investors, many analysts have tentatively suggested that faith in the stock markets is on the rebound. According to some medium-sized brokerages in Ha Noi, the number of clients coming to securities firms has increased significantly, a comeback signalled by the hundreds of billions of dong collected during each of the last several sessions. "We cannot give accurate data on income for every single trading day. But we are certain that more and more investors are coming back to the exchange," a representative from the surveyed brokerages said. Starting June 12, the VN-Index began its initial rebound to 370.55. The index has continued to gain over the last five sessions, … [Read more...] about Stock market analysts talk of comeback
How to buy a share in the stock market
Confronted with a plunge in its stock markets last year, China's central bank swiftly reached out to the U.S. Federal Reserve, asking it to share its play book for dealing with Wall Street's "Black Monday" crash of 1987. The request came in a July 27 email from a People's Bank of China official with a subject line: "Your urgent assistance is greatly appreciated!" In a message to a senior Fed staffer, the PBOC's New York-based chief representative for the Americas, Song Xiangyan, pointed to the day's 8.5 percent drop in Chinese stocks and said "my Governor would like to draw from your good experience." It is not known whether the PBOC had contacted the Fed to deal with previous incidents of market turmoil. The Chinese central bank and the Fed had no comment when reached by Reuters. In a Reuters analysis last year, Fed insiders, former Fed employees and economists said that there was no official hotline between the PBOC and the Fed and that the Chinese were often reluctant to engage at … [Read more...] about China central bank to Fed: A little help, please?
How To Buy A Stake In Vietnamese Enterprises By Tran Thanh Tung& Nguyen Thi Phuong Chung (*) Five steps towards acquiring a stake in local enterprises Thanks to his business networks, an Indian investor managed to clinch a deal under which it would acquire a 4% stake in a local joint stock firm. The contract was signed, money was transferred into the seller’s account, the buyer’s particulars were noted and the company already supplied the shares. The transaction was, in short, all but complete. However, the company failed to touch on the issue of dividends; neither did it convene a general meeting as requested by this Indian investor. When dispute erupted and the case was referred to the Department of Planning and Investment, the deal was considered as illegal since it was not registered at this agency. Investor rights, in this case, are questionable. This scenario reflects the problems gripping foreign investors who want to purchase shares in local companies. Trouble … [Read more...] about How To Buy A Stake In Vietnamese Enterprises
Stock Market in 2010: Confidence in Market Recovery The financial market, especially the stock market, is developing increasingly complex as the Vietnamese and global economies have gone out of the worst slump in decades. To provide a wider outlook on the market in 2010, Vietnam Business Forum has a talk with Mr Hoang Xuan Quyen, Deputy Director of Tan Viet Securities Inc. “Policy risk” is used to describe hidden risks in macroeconomic management. How will this risk affect the Vietnamese stock market in the coming years? Macroeconomic policies such as monetary policy (interest rate, compulsory reserves, exchange rate, credit, etc) and fiscal policy (budget deficit, debt, growth stimulus, etc.), tax policies, etc. cause an all-side impact on the economy and business environment, on consumer behaviours, and private investment decisions (enterprises, households and individuals). Policy risk is an unpreventable woe in the world, not only in Vietnam. In 2010, although … [Read more...] about Stock Market in 2010: Confidence in Market Recovery
This week: Oh! You better watch out, You better not cry, You better not pout, I’m telling you why: Santa Claus is coming to town! He’s making a list, He’s checking it twice, He’s gonna find out who’s naughty or nice. Santa Claus is coming to town!Are you going to stay in Viet Nam for Christmas? Do you miss songs like this with their wonderful lyrics? Miss Santa? Miss the green and red colours of Christmas? Or the white of snow? Can you pass on some of the unforgettable memories of Christmas in your country? Why are you here this Christmas? Are you trying new experiences for the festive season? What things does Viet Nam offer to compensate for not being back home at this time? Tell us five things you will do this Christmas. And share with us your thoughts for the season. We welcome your opinions. Emails should be sent to: [email protected] – or by fax to 84 (0) 43 933 2311. Letters can be sent to The Editor, Viet Nam News, 11 Tran Hung … [Read more...] about New ways to buy rail tickets are useful – if you’re not old