Investment funds from Singapore turn to Vietnam as global conditions remain volatile Major deals In the first half of 2019, investment funds from Singapore continued their quest for high-performing firms listed on Vietnam’s main bourses. Most recently, F&N Dairy Investments, the Singaporean subsidiary of tycoon Charoen Sirivadhanabhakdi, registered to buy 1 per cent of dairy firm Vinamilk between July 10 and August 8. At the same time, another big-name in the region – Platinum Victory of Jardine Matheson Group – wanted to purchase the same amount of shares between July 4 and August 2. The two companies already have significant ownership at Vinamilk – F&N has 17.31 per cent and Platinum Victory 10.62 per cent. The latter might be the newcomer to this race, but they have shown some incredible buying powers: the investor was the sole buyer at Vinamilk’s share auction in 2017, taking up 3.3 per cent of the shares from Vietnam’s State Capital … [Read more...] about Singaporean investors find gold in Vietnamese stock market
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Liquidity on the market has also improved. Positive external information along with domestic macroeconomic factors is expected to help the market to form upward trend during the end of this year. In comparison with last year, the country’s stock market is seen to be less volatile in the first half of this year as it fluctuated in a quite narrow range. Experts said that internal factors did not have any serious problems but there was no motivation to move upwards after the Vietnam’s benchmark VN-Index plummeted heavily in 2018. Meanwhile, external factors, especially the trade war between the US and China which has showed signs of escalation, have affected directly to the market. Therefore, movement of the stock market depends on each stock and ‘taste’, stock prices will increase. In fact, statistics of securities companies showed that in the first three months of this year, stock groups, including thermoelectricity, aquaculture, textile and industrial parks … [Read more...] about Vietnam’s stock market to be optimistic in second half this year
VietNamNet Bridge - The Vietnamese stock market in 2017 saw stock prices escalating, but not all investors could make money. The stock market in 2017 saw stock prices escalating Tuan, a 27-year-old investor, spends most of his time watching electronic boards on securities and trading floors and calling brokers. He was surprised that the CMG share price had dropped so dramatically despite the upward trend of the market. The high GDP growth rate, the government’s actions, and foreign capital flow are the three factors behind the strong rise of the stock market in 2017. ‘Too strong’, ‘crazy’ and ‘incredible’ are the words investors use to describe the rise of the stock market in 2017. RELATED NEWS GDP growth must rely on internal strength: economists Three scenarios for Vietnam stock market in late 2017 Kim Chi … [Read more...] about What’s behind the strong performance of the stock market in 2017?
VietNamNet Bridge - In order to be listed among top 10 stock billionaires by December 21, 2016, an individual must have stock assets of at least VND2.2 trillion, a figure higher than the total assets of many listed companies. Ten years ago, ‘the rich’ meant business people who got wealthy from trade and real estate development. When the stock market boomed in 2006, many Vietnamese began talking about a new generation of ‘super rich’ on the stock market called ‘securities godfathers’. The value of stocks held by individuals was worth up to trillions of dong, or even higher than the total assets of many enterprises in Vietnam. At the end of 2006, one needed to have assets worth VND836 billion to be added to the list of the 10 richest stock billionaires. The businessman who topped the 2006 list of richest stock billionaires was Truong Gia Binh, president of FPT, the largest domestic information technology group. FPT shares entered the bourse on … [Read more...] about How the stock market creates a super-rich class
Pham Thu Huong, 1969, from Hanoi, vice president of Vingroup, is the richest woman with VND4.724 trillion in stock assets as of December 31, 2016. Her husband, Pham Nhat Vuong, is president of Vingroup, the second richest billionaire. The 10 richest women on the stock market have total assets worth VND19.301 trillion, accounting for 11.5 percent of total assets of the 500 richest Vietnamese billionaires. The second position belongs to Pham Thuy Hang, Huong’s younger sister. Hang, who is also vice president of Vingroup, has VND3.155 trillion Truong Thi Le Khanh, born in 1961, from An Giang province, the third richest woman, president and general director of Vinh Hoan Seafood JSC, has VND2.634 trillion. Le Thi Ngoc Diep is in the fourth position with VND2.317 trillion. Diep is the wife of Trinh Van Quyet, president of FLC Group, the richest stock billionaire in 2016. Diep and Quyet have the huge total stock assets of VND36 trillion. With VND2.304 trillion, Vu Thi Hien is in the … [Read more...] about What are the stock assets of the 10 richest Vietnamese women?