Higher risk of default from solar power investment 09:12 | 16/03/2021
Higher risk of default from solar power investment
With high expectations for escalating profit margin rates and multiple tax incentives, scores of firms have rushed into solar power project investments in the past few years. These companies commonly use high financial leverage tools as up to 70-80 per cent of their capital sources come from loans and enterprise bonds.
According to a recent report by SSI Research, the bond value mobilised for solar power projects climbed to VND29.9 trillion ($1.3 billion) in 2020, a 254 per cent jump on-year.
In terms of credit sources, by the end of 2020, banks had poured VND84 trillion ($3.65 billion) into renewable energies, mostly lending to solar power projects.
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Tightened regulations needed for rising e-commerce activity 14:31 | 10/03/2021
Tightened regulations needed for rising e-commerce activity, illustration photo
Bruno Jousselin, managing director of MM Mega Market Vietnam, said that in comparison with e-commerce platforms, traditional retail businesses such as MM Mega Market have been fulfilling plentiful regulations related to goods.
âFor now, when listing packaged products within any supermarket distribution system, these need to oblige with the strict regulations of the Vietnamese government and MM Mega Market Vietnamâs MM Quality Assurance Department,â said Jousselin. âThose include a quality profile â including self-declarations and documents proofing conformity with regulations â and labelling information that follows statutory requirements and shows the origin of products.â
Margin loans to securities firms on rise 09:00 | 10/03/2021
Margin loans are taking off, with banks sponsoring securities firms, photo Le toan
A variety of stimulative efforts by the Vietnamese government to support the domestic economy has consequently created a springboard for stocks to surge. The fear of missing out has also pushed many local and foreign banks to allocate more funds into brokerages under the so-called margin loans, thus giving investors greater buying power.
The financial statements of 25 securities firms with large outstanding loan balances to customers showed that as of the end of 2020, their total debts reached VND84.97 trillion ($3.66 billion), an increase of 48.9 per cent against the beginning of the year and up 24.9 per cent against the third quarter of 2020. Meanwhile, short-term loans from banks were VND76.85 trillion ($3.31 billion), up 65 per cent against the beginning of this year and 28.6 per cent compared with thre
Wednesday, 12:56, 03/03/2021
Companies are expected to implement digital strategies to continue to reach customers, experts said while alluding to trends in the e-commerce market this year.
A logistic centre in HCM City. Companies are expected to implement digital strategies to continue to reach customers. (Photo courtesy of Shopee Vietnam)
Shopee, a leading e-commerce player in the country, in a note predicting trends this year, said, “The pandemic pushed businesses, from premium brands to micro-entrepreneurs, to quickly adopt digital strategies if they sought to reach customers amidst the lockdowns.”
As online selling becomes a growing revenue channel for brands and sellers, e-commerce platforms need to work with them to help engage their customers in a differentiated manner and grow their online presence, it said.
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