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Markets buoyed by Sabeco news

Markets buoyed by Sabeco news

Shares performed well on the HCM Stock Exchange on Tuesday on the efforts of energy and beverage stocks following news about the State’s divestment from largest brewer Sabeco and a jump in oil prices.

ACV to sell 20% stake in 2018

ACV to sell 20% stake in 2018

Airports Corporation of Vietnam (ACV) plans to sell 20 per cent stake, equivalent to VND4.35 trillion (US$194.77 million), to foreign and domestic investors through open auction in 2018.

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Dow, S&P 500 end at records as banking shares gain

Dow, S&P 500 end at records as banking shares gain

NEW YORK: The Dow and S&P 500 pushed to fresh records on Tuesday (Dec 12), with financial shares especially strong amid progress in Congress on the tax cut plan and expectations for higher interest rates.

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European stocks rise as US Fed Reserve meets

European stocks rise as US Fed Reserve meets

LONDON: Global stock markets were higher on Tuesday (Dec 12), as investors prepared themselves for a likely increase in US interest rates.

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Facebook comestics seller hit with $400,000 tax arrears

Facebook comestics seller hit with $400,000 tax arrears

The Ho Chi Minh City Department of Taxation has requested a woman who sells cosmetics on Facebook to pay VND9.1 billion ($400,715) in tax arrears after she declared far less than her actual revenue.

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Watchdog gives nod to Mobile World-Tran Anh M&A

Watchdog gives nod to Mobile World-Tran Anh M&A

The Competition and Consumer Protection Department under the Ministry of Industry and Trade has given the go-ahead for the merger and acquisition (M&A) deal between the two largest local electronic retailers – The Gioi Di Dong (Mobile World) and Tran Anh Digital World.

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Binh Thuan province combats poverty with microfinance

Binh Thuan province combats poverty with microfinance

Over the years, farmers in Binh Thuan province have made good use of microcredit to build a better life for themselves.

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VN stocks extend losses, Sabeco advances

VN stocks extend losses, Sabeco advances

Shares failed to recover from Monday’s plummet, despite efforts made by beverage firms in which the State holds a majority stake.

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Bitcoin rises in debut as SEC warns on digital money

Bitcoin rises in debut as SEC warns on digital money

NEW YORK: Bitcoin experienced some big swings but finished higher in its debut on a major exchange on Monday (Dec 11), while a leading US securities regulator warned investors about the risks of cryptocurrencies.

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Thai Beverage bids on 25 per cent of Sabeco

Thai Beverage bids on 25 per cent of Sabeco

Thai Beverage has emerged as the only investor that intends to buy more than 25 per cent of Vietnam’s leading brewery Saigon Beer.

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Vast opportunities for financial metasearch platform

Vast opportunities for financial metasearch platform

The Vietnamese personal finance products space is booming thanks to the rise of the young middle-class consumer society. With 60 per cent of the Vietnamese populace under the age of 35, the customer group demands more convenient, consistent, and accessible financial services, especially in personal loans, credit cards, and wealth management. As a consequence, the marketplace is becoming crowded with local and international financial institutions.

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VND weathers Fed rate hike

VND weathers Fed rate hike

The local currency has managed to stay healthy against the greenback so far, while overseas remittances are forecast to be on par with last year. The secret behind the dong’s strength and the dynamics influencing remittance flows for the year are explained by Barry Weisblatt, head of Research at Viet Capital Securities JSC, to VIR’s Trang Nguyen.

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eTax services started in two northern provinces

eTax services started in two northern provinces

The General Department of Taxation (GDT) on Monday began the provision of electronic tax (eTax) services to all enterprises in the northern provinces of Bac Ninh and Phu Tho.

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Investor caution set to slow stock movements

Investor caution set to slow stock movements

Shares are forecast to slow down this week in the face of rising profit-taking pressure after a long rally, net selling by foreign investors and uncertainty before the portfolio restructuring period of exchange-traded funds (ETFs).

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State Bank launches data management system

State Bank launches data management system

The National Credit Information Centre of Viet Nam (CIC) under the State Bank of Viet Nam (SBV) on Thursday launched a data management system - CG1 contract.

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Bitcoin makes muted stock exchange debut at US$15,000

Bitcoin makes muted stock exchange debut at US$15,000

Around 23:20 GMT, the price of the currency had risen to US$15,940 on a futures contract scheduled for settlement on Jan 17, according to data provided by the Chicago board options exchange (Cboe).

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