The International Finance Corporation is no longer a major shareholder of Vietnamese lender Vietinbank after selling over 55.7 million CTG shares, almost 1.5% stake, according to exchange filing.
Having free trade agreement with European Union and selling rice at cheaper prices, Vietnam has been seen to surpass Thailand to become second biggest rice exporter in the world.
China’s Tianhong Asset Management Co, controlled by Jack Ma’s Ant Financial Group launched a fund that invests in Vietnam stocks, Fund Selector Asia cited a statement from the firm.
Pharmaceutical stocks are experiencing an upsurge as fears of coronavirus have boosted demand for healthcare products and services, lifting demand for shares.
- Vietnam could beat Thailand to become second biggest rice exporter 1
- Jack Ma’s asset management firm rolls out Vietnam fund 2
- Vietnam’s pharmaceutical stocks benefit from coronavirus outbreak 3
- Coronavirus fear seen to heavily affect Vietnamese businesses 4
- Heineken shares hit by Vietnam’s crackdown on drink-driving: FT 5
- Vietnam’s tough new drunk-driving law is hurting beer sales: Bloomberg 6
Vietnam’s economy is expected to undergo a hard time this year due to new coronavirus epidemic outbreak spreading globally.
Zero tolerance ban slows demand for beer in Dutch brewer’s second-largest global market
Vietnam’s new get-tough-on-drunk-driving law is reining in one of the world’s fastest-growing beer markets.
Vietnam has become the ninth largest fruit market of U.S. while the State is the second largest importer of Vietnamese fresh fruits, American official said while announcing arrival of oranges on Saturday.
Vietnam, one of the world’s hottest and fast-growing beer markets is expected to face slower business growth to about 6-7% due to the drink-driving law that has just been put into effect.
Gold prices in Vietnam soared to a six-year high on Monday amid rising military tension between the U.S. and Iran.
Vietnam’s stock market capitalization expanded to VND4,384 trillion ($189.2 billion) by December last year, up 11 percent against end of 2018, according to the State Securities Commission.
As drinking bubble tea is no longer fashionable, the profit from bubble tea shops is on the decrease. Investors are rushing to open lemon tea shops instead.
Vietnam's e-commerce firms are closing their online retail platforms after suffering losses in the potential market estimated up to $13 billion by 2020.
South Korean multinational conglomerate plans to close its e-commerce website Lotte.vn in Vietnam from January 20 to restructure its business plan.
Vietnam’s domestic coffee prices edged up slightly on Thursday from last week as lacklustre bean prices prompted farmers to hold off selling.
Ministry of Industry and Trade is drafting a government decree that allows foreign-invested enterprises to retail petroleum in domestic market.