Insurance groups signal intent to raise funds for stock boost 15:38 | 07/01/2021
Insurance groups signal intent to raise funds for stock boost, illustration photo
The last few days of 2020 witnessed an impressive public debut of PVI Re-insurance (PVI Re), one of the most notable of such companies in the country. Some 72.8 million of PVI Reâs shares were officially publicly traded on the Ho Chi Minh City Stock Exchange (HSX) from December 24, luring attention from local and international financiers alike.
Currently, there are only two Vietnam-based reinsurers in the market. Vietnam National Reinsurer Corporation (VNR) is the market leader with 10 per cent, followed by PVI Re with 7 per cent. The remainder is acquired by other foreign reinsurers.
New entity to invigorate Vietnamâs stock markets 08:00 | 06/01/2021
The Vietnam Stock Exchange will help remove technical loopholes
Prime Minister Nguyen Xuan Phuc last week approved to establish the Vietnam Stock Exchange (VNX), which will be located in Hanoi. According to the PMâs decision, which will take effect from February 20, the exchange is being created as a one-member limited liability company, with the charter capital held entirely by the state.
The VNX has charter capital of VND3 trillion ($130.43 million), and will be in charge of preparing strategic plans for equity market development, as well as monitoring securities listing, trading, and information disclosure.
Vietnam has established a new legal entity under the name of Vietnam Stock Exchange as a parent company for both the Hanoi Stock Exchange and the Ho Chi Minh City Stock Exchange. A respective decision was signed by the country’s Prime Minister Nguyen Xuan Phuc earlier this week. The new company will be headquartered in Hanoi and commence operations under the code VNX on February 20 next year. It will have a charter capital of three trillion dong ($130 million), according to official government news site Nhan Dan. The main functions of the VNX will be to develop strategies for.
Vietnam has established a new legal entity under the name of Vietnam Stock Exchange as a parent company for both the Hanoi Stock Exchange and the Ho Chi Minh City Stock Exchange.
Support recovery for the steel sector 10:00 | 26/12/2020
Support recovery for the steel sector
Trinh Khoi Nguyen, deputy chairman of the Vietnam Steel Association (VSA), said that although the unexpected pandemic made the situation tough for the steel industry, leaving many local producers struggling to achieve similar growth rates like in previous years, the situation has been improving as the governmentâs control of the health crisis and the drastic directions of the prime minister sped up public investment projects.
In November, steel production of all kinds reached 2.45 million tonnes, up 4.34 per cent on-month and 15.6 per cent on year. Sales also stood at 2.45 million tonnes, marking a sharp increase of 36.9 per cent compared to October. In the first 11 months of 2020, steel production of all kinds reached 23.33 million tonnes, according to the VSA.
Vietnamese Ship Manager Sanctioned by U.S. Due to Iran Trade
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