Singapore-based Quadria Capital, one of Asia’s leading specialist healthcare focused private equity firm, closed its latest fund at $595 million focusing on Southeast Asia market, including Vietnam, beating $400 million target.
Vietnam Oil and Gas Group, or PetroVietnam, said on Wednesday it is considering stockpiling crude oil amid low prices, while exploring measures to cope with the impact of the coronavirus.
In the first day of trading on Ho Chi Minh City Stock Exchange on Tuesday, market capitalization of Vietnam Rubber Group fell by VND1,600 billion ($67.5 million).
Online shopping in Vietnam has grown by at least 20 percent over the past few months amidst the complicated development of the novel coronavirus disease epidemic.
- Casino operator stock skyrockets despite sustained losses 1
- Japan’s ENEOS Corp. to raise stake in Petrolimex to 11 percent 2
- VN-Index plummets over 74 points 3
- Power firm EVNGENCO 2 to auction over 580 mln shares on Feb. 8 4
- OCB to list over 1 bln shares on HOSE at $0.99 apiece 5
- Vietnam raises over $14 bln via bond auctions in 2020 6
Rates for 5% broken rice in Vietnam rose to $400-$405 on Thursday, highest since November 2018, compared with $390-$400 a week earlier, due to drought and coronavirus fears.
The VN-Index tumbled 3.12 percent to 811.35 points Wednesday, its lowest point since October 10, 2017.
The VN-Index fell 56 points, or 6.28 percent to 835 points on Monday, the biggest plunge since 2001, after the country confirmed 14 new coronavirus cases and global oil prices dropped 30%.
Vietnam’s grocery and pharmacy sectors will be growth outperformers in the short and medium term due to coronavirus outbreaks, Fitch Solution says in a report.
Whenever the Vietnam’s benchmark Vn-Index crashes, it recovers quickly right at the likely bottom of 900 points.
Officials from Department of E-Commerce and Digital Economy under Ministry of Industry and Trade have found and removed 5,200 online shops selling medical masks and hand sanitizer with ridiculously high prices.
Thailand's retail conglomerate Central Group is hoping to drive further expansion in Southeast Asia through newly listed subsidiary Central Retail Corp with $8.1 billion market cap after listing.
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’s economy is expected to undergo a hard time this year due to new coronavirus epidemic outbreak spreading globally.
Vietnam’s new get-tough-on-drunk-driving law is reining in one of the world’s fastest-growing beer markets.