Brian SpenceViet Nam News Brian Spence* Congratulations! You’re ready to start investing. It might seem like a small step, but years from now you’ll look back and realise how meaningful this moment was to your financial future. This could be the defining decision that helped you achieve your financial dreams. However, dipping your toe into the waters of investing can seem a little daunting at first. Questions of which stocks to buy, how to manage risk and when to sell are likely to be at the front of your mind. But help is at hand. Here, I’ll walk you through the main decision-making processes. When and how do I buy my first stocks? Over the long term, stocks outperform any other asset class, so deciding to invest in the markets is undoubtedly a good decision. But don’t run out and buy stocks straight away – no matter what “hot tip” has come your way. Before selecting your first investment, you must complete the following financial steps. … [Read more...] about How to pop your cherry in Việt Nam’s stock market
How to investors make money
Viet Nam News The World Economic Forum (WEF) is holding a summit in September, called WEF ASEAN 2018, focusing on regional entrepreneurship and the impacts of the fourth industrial revolution on regional economies and business community. Justin Wood, WEF Head of Asia-Pacific Region, talks to Việt Nam News reporter Hoàng Sơn on the issues facing local startups and businesses. Why is the WEF focusing on entrepreneurship, the private sector and the fourth industrial revolution at the upcoming event? The WEF is very focused on the fourth industrial revolution all the time, not just this event. Our chairman, Professor Klaus Schwab, feels very strongly that technology is moving at a faster rate and the speed of change is accelerating. He feels that if we look at the world today, we can see so many disruptive technologies, including blockchain, artificial intelligence, drones, advanced robotics and so on. He feels that these technologies are going to be deeply disruptive … [Read more...] about VN needs to increase innovation capacity
Donald Trump dangled the carrot of foreign investment in front of North Korean leader Kim Jong Un at their nuclear summit, but analysts say few will want to put money into one of the highest-risk business environments in the world. The U.S. president showed Kim a movie of bright lights, high-speed trains and soaring tower blocks - pitching a future that could be possible if Pyongyang gives up its weapons. Optimists say that with mineral wealth, cheap labour, and a helpful geographical location, the North has huge potential. But the history of overseas firms who have tried to set up operations in the isolated, impoverished country is a long and sorry one. Rules that can change on a whim, bills that are never paid, and the threat of expropriation hang over foreigners who step into the wildest of wild east investment destinations. For now, dozens of restrictions apply under the various sanctions regimes imposed on the North over its nuclear ambitions. Joint ventures are banned by the U.N. … [Read more...] about Invest in North Korea: money pit or golden opportunity?
The equitisation of SOEs isn’t attractive enough to potential private investors, Photo: Le Toan These days, representatives from Indonesia’s embassy in Hanoi are actively trying to find ways to connect Indonesian enterprises with Vietnamese firms. They have worked with state-owned Vietnam Railway Corporation on finding opportunities for Indonesian firms to provide training, equipment, and consultancy, or even buy stakes in the corporation. The railway firm (VRC) is planning to restructure its two subsidiaries, which are valued at about VND1.3 trillion ($57.7 million) in total. “Indonesian firms are interested in the equitisation of SOEs in many sectors including railway, oil and gas, electricity, and agriculture,” an embassy representative told VIR. “However, the poor performance of many SOEs is discouraging not only to Indonesians, but to many other foreign investors, keeping them from purchasing stakes. Moreover, the particularly small rate of SOE … [Read more...] about SOE equitisation lets down investors
Viet Nam News By Minh Thu When her seven-year-old daughter wanted to buy a book she couldn’t afford, Trần Ngân from the southern province of Đồng Nai decided to provide a lesson in finance and money. Her daughter, Mai Phương, had been given a budget of VNĐ500,000 (US$22) to buy a book. But she decided she wanted to buy one that cost VNĐ700,000. So she asked her mother for a loan. Her mother agreed that she could repay the extra money by helping her mother do housework for eight Sundays. Instead of playing games and watching television as she does on a typical Sunday, the deal meant that Phương had to stay at home, clean house, mop the floor, cook and wash the dishes. Ngân said that Phương learned about how to manage money, carefully consider spending and be aware of the high costs of living beyond her income. Ngân’s experience illustrates one way to respond to what many parents and experts see as … [Read more...] about Children need more money savvy