Prospects remain bright for Vietnam economy despite geopolitical conflicts: UOB

Prospects remain bright for Vietnam economy despite geopolitical conflicts: UOB

With performance in the first quarter coming within expectations and a positive start to 2024, prospects for Vietnam this year remain positive despite downside risks stemming from geopolitical tensions, Singapore-based UOB said in a note.

Economy - Mon, Dec 22, 2021 | 11:30 am GMT+7

WB retains 2024 growth forecast for Vietnam at 5.5% despite Q1 surge

WB retains 2024 growth forecast for Vietnam at 5.5% despite Q1 surge

The World Bank has kept its growth projections for Vietnam’s GDP at 5.5% for 2024 and 6% for 2025, unchanged from its forecasts in October 2023, despite the country’s Q1 growth hitting a five-year high on a quarterly basis.

Economy - Mon, Dec 22, 2021 | 11:30 am GMT+7

Vietnam policies to remain the same despite president’s resignation: VinaCapital

Vietnam policies to remain the same despite president’s resignation: VinaCapital

The surprise resignation of Vietnamese President Vo Van Thuong on Wednesday after being in office for only a year will have no bearing on Vietnam’s economic development or other policies, asset management firm VinaCapital has commented.

Economy - Mon, Dec 22, 2021 | 11:30 am GMT+7

Valuations of VN-Index are 'really cheap now': VinaCapital economist

Valuations of VN-Index are 'really cheap now': VinaCapital economist

VN-Index is trading at a P/E (price to earnings) of 10x in fiscal year 2024, 25% below the valuation of its regional emerging market peers, writes Michael Kokalari, chief economist of VinaCapital.

Consulting - Mon, Dec 22, 2021 | 11:30 am GMT+7

Vietnam’s new export orders set to continue rising on strengthening US economy: VinaCapital

Vietnam’s new export orders set to continue rising on strengthening US economy: VinaCapital

Vietnam’s new export orders are expected to continue growing in the months ahead due to the surprising strength of the U.S. economy, as evidenced by the highest level of US consumer confidence since the Covid-19 reopening boom, says Vietnam-focused fund manager VinaCapital.

Economy - Mon, Dec 22, 2021 | 11:30 am GMT+7

Vinacapital Danang golf course project changes name, nature of land use

Vinacapital Danang golf course project changes name, nature of land use

The Vinacapital Danang Golf Course project in the central city of Danang will be renamed the “New Town Hi-end Sport Service and Commercial Urban Area,” the municipal administration has decided.

Companies - Mon, Dec 22, 2021 | 11:30 am GMT+7

Smart diversification an impressive feature of Vietnam's textile sector: RMIT lecturer

Smart diversification an impressive feature of Vietnam's textile sector: RMIT lecturer

What's really impressive about Vietnam's textile sector is how it's spread its wings across 104 countries and territories. This isn't just about selling more, it's about smart diversification – selling different products to different places, writes Dr Bui Duy Tung, economics lecturer at RMIT Vietnam.

Consulting - Mon, Dec 22, 2021 | 11:30 am GMT+7

Vietnam seeks expertise from global financiers for HCMC financial center

Vietnam seeks expertise from global financiers for HCMC financial center

The Vietnamese government is seeking assistance from world leading banks and financial investment funds for the building of a financial center in Ho Chi Minh City, the country’s largest economic hub.

Economy - Mon, Dec 22, 2021 | 11:30 am GMT+7

Vietnam is not in aftermath of a real estate's bubble: VinaCapital economist

Vietnam is not in aftermath of a real estate's bubble: VinaCapital economist

In a typical real estate “boom and bust” cycle, banks lend too much money to property speculators and real estate developers, which results in the market becoming vastly oversupplied with new housing units, which is not happening in Vietnam, writes Michael Kokalari, chief economist of VinaCapital.

Consulting - Mon, Dec 22, 2021 | 11:30 am GMT+7

Global Minimum Tax is not a risk to Vietnam’s inbound FDI: VinaCapital

Global Minimum Tax is not a risk to Vietnam’s inbound FDI: VinaCapital

The implementation of the new Global Minimum Tax (GMT) is unlikely to impede foreign direct investment (FDI) inflows into Vietnam, said Michael Kokalari, chief economist at leading fund management firm VinaCapital.

Economy - Mon, Dec 22, 2021 | 11:30 am GMT+7

Vietnam's GDP growth to reach 6.5% in 2024: VinaCapital economist

Vietnam's GDP growth to reach 6.5% in 2024: VinaCapital economist

Vietnam's GDP growth could rise from 5.1% last year to 6-6.5% in 2024, driven by a recovery in the country's exports which fell 4.4% in 2023 but could grow 7% in 2024, writes Michael Kokalari, chief economist of VinaCapital.

Consulting - Mon, Dec 22, 2021 | 11:30 am GMT+7

Vietnam among analysts’ top markets to invest in 2024: CNBC

Vietnam among analysts’ top markets to invest in 2024: CNBC

Vietnam will be one of the best positioned markets in Asia-Pacific for the first half of 2024, along with India and Japan, CNBC cited analysts as saying.

A year in review and 2024 forecasts - Mon, Dec 22, 2021 | 11:30 am GMT+7

A real estate rebound in the making: VinaCapital

A real estate rebound in the making: VinaCapital

Vietnam’s real estate market has had an extraordinarily challenging year, but we believe the worst of the downturn has now passed, writes Michael Kokalari, chief economist of VinaCapital.

Real Estate - Mon, Dec 22, 2021 | 11:30 am GMT+7

Vietnam stock valuation attractive: VinaCapital chief economist

Vietnam stock valuation attractive: VinaCapital chief economist

The valuation of Vietnam’s benchmark VN-Index based on both price-to-earnings (P/E) and price-to-book (P/B) ratios has fallen to a level that was as cheap as it had been only twice in the past 10 years, said Michael Kokalari, chief economist at VinaCapital.

Finance - Mon, Dec 22, 2021 | 11:30 am GMT+7

Vietnam opens new National Innovation Center facility, chip design center

Vietnam opens new National Innovation Center facility, chip design center

Vietnam has inaugurated a new facility of the National Innovation Center (NIC) and a chip design center as the country seeks to stimulate the startup ecosystem and deepen its participation in the global semiconductor supply chain.

Economy - Mon, Dec 22, 2021 | 11:30 am GMT+7

Double upgrade of ties with US set to stimulate foreign investment in Vietnam: VinaCapital

Double upgrade of ties with US set to stimulate foreign investment in Vietnam: VinaCapital

The two-notch elevation of the Vietnam-U.S. relationship to a comprehensive strategic partnership last month will likely prompt an enormous investment inflow from America and encourage continued investment from companies in other “friendshoring” countries, according to VinaCapital.

Industries - Mon, Dec 22, 2021 | 11:30 am GMT+7

Vietnam a high-income nation within 20 years: VinaCapital exec

Vietnam a high-income nation within 20 years: VinaCapital exec

If Vietnam maintains its GDP growth rate of 6.23%, it will become a high-income country by 2043 with a per-capita income of $12,000, says Brook Taylor, CEO of Asset Management at VinaCapital.

Economy - Mon, Dec 22, 2021 | 11:30 am GMT+7

S Korean investor plans 2028 opening for two LNG-to-power plants in Vietnam

S Korean investor plans 2028 opening for two LNG-to-power plants in Vietnam

South Korea’s GS Energy, a co-investor in two 1,500 MW LNG-to-power plants in the Mekong Delta province of Long An, plans to put them into operation in 2028.

Energy - Mon, Dec 22, 2021 | 11:30 am GMT+7

Vietnam bright spots lure more foreign investors: VinaCapital

Vietnam bright spots lure more foreign investors: VinaCapital

Vietnam's economy has many bright spots including solid GDP growth and well managed interest rates, factors that promote long-term growth and attract foreign investors, a VinaCapital executive says.

Industries - Mon, Dec 22, 2021 | 11:30 am GMT+7

Vietnamese firms bound to be part of semiconductor manufacturing ecosystem: VinaCapital exec

Vietnamese firms bound to be part of semiconductor manufacturing ecosystem: VinaCapital exec

Sooner or later, Vietnamese firms will be part of the semiconductor manufacturing ecosystem and the nation should train engineers accordingly, says Don Lam, general director and founding partner of VinaCapital.

Economy - Mon, Dec 22, 2021 | 11:30 am GMT+7

Upgraded US ties could kick off Vietnamese startups in new technologies: VinaCapital

Upgraded US ties could kick off Vietnamese startups in new technologies: VinaCapital

The recent upgrade of Vietnam-US ties to that of a comprehensive strategic partnership is likely to encourage Vietnamese startups in new technologies including IT, semiconductor and Artificial Intelligence, says VinaCapital.

Economy - Mon, Dec 22, 2021 | 11:30 am GMT+7

VinaCapital sells small stake, no longer major shareholder in Quang Ngai Sugar

VinaCapital sells small stake, no longer major shareholder in Quang Ngai Sugar

VinaCapital, a leading investment management firm company in Vietnam, has sold 200,000 QNS shares of Quang Ngai Sugar JSC to reduce its ownership from 5% to nearly 4.95%.

Companies - Mon, Dec 22, 2021 | 11:30 am GMT+7

Vietnam’s Touchstone Partners to roll out second fund to fuel tech startups

Vietnam’s Touchstone Partners to roll out second fund to fuel tech startups

Ho Chi Minh City-headquartered venture capital (VC) firm Touchstone Partners is set to raise its second fund to continue financing Vietnam's tech landscape, with the new fund’s target size undisclosed.

Finance - Mon, Dec 22, 2021 | 11:30 am GMT+7

Hong Kong’s Cheng family to manage central Vietnam casino complex

Hong Kong’s Cheng family to manage central Vietnam casino complex

Hong Kong’s powerful Cheng family has taken over management of Vietnam’s first integrated resort Hoiana in the central province of Quang Nam, according to a Bloomberg report.

Companies - Mon, Dec 22, 2021 | 11:30 am GMT+7

Investors make major inroads into Vietnam private equity scene

Investors make major inroads into Vietnam private equity scene

The Vietnamese market has been proving attractive to international private equity (PE) companies, reflected by the investment portfolio expansion of giants like KKR, Warburg Pincus and SK Group.

Industries - Mon, Dec 22, 2021 | 11:30 am GMT+7

Vietnamese startups still a venture capital magnet

Vietnamese startups still a venture capital magnet

Vietnam’s tech startup scene has continued to attract venture capital (VC) investments, pushing the country further towards its aim of becoming a fully digital society by 2030.

Finance - Mon, Dec 22, 2021 | 11:30 am GMT+7

M&As pick up pace in Vietnam property market

M&As pick up pace in Vietnam property market

Vietnam’s ailing real estate market is witnessing a rising number of merger and acquisition (M&A) deals, mostly with overseas buyers who can arrange capital sources to counter the credit crunch in the country.

Development potential of Vietnam's real estate market - Mon, Dec 22, 2021 | 11:30 am GMT+7

Korea Eximbank to fund $3 bln LNG power complex in southern Vietnam

Korea Eximbank to fund $3 bln LNG power complex in southern Vietnam

The Export-Import Bank of Korea (Korea Eximbank) inked Friday a memorandum of understanding to finance a $3 billion plus LNG-to-power project in Long An province, southern Vietnam.

Energy - Mon, Dec 22, 2021 | 11:30 am GMT+7

Vietnam hospital market opens up to investors

Vietnam hospital market opens up to investors

Healthcare assets in Vietnam’s market of 100 million people are attracting attention from investors looking to expand in or enter the market.

Industries - Mon, Dec 22, 2021 | 11:30 am GMT+7

Vietnamese, Danish investment funds launch logistics infrastructure platform

Vietnamese, Danish investment funds launch logistics infrastructure platform

Denmark's A.P. Moller Capital and Vietnam's VinaCapital, two major investment funds, have established a joint platform to increase investments in transportation and logistics infrastructure in Vietnam.

Infrastructure - Mon, Dec 22, 2021 | 11:30 am GMT+7

Vietnam government has plan to boost economic growth

Vietnam government has plan to boost economic growth

VinaCapital’s chief economist Michael Kokalari highlights a series of measures taken by the Vietnamese government to stir growth amid global economic headwinds.

Consulting - Mon, Dec 22, 2021 | 11:30 am GMT+7

Little 'Silicon Valley Bank risk' in Vietnam

Little 'Silicon Valley Bank risk' in Vietnam

VinaCapital’s chief economist Michael Kokalari explains why there is no substantial risk to Vietnam’s stock market and economy from the current U.S. banking crisis, thus maintaining the group’s forecast of a 6% growth rate for Vietnam this year, unchanged from its prior prediction.

Consulting - Mon, Dec 22, 2021 | 11:30 am GMT+7

Fusion Hotel Group to launch new properties across Vietnam

Fusion Hotel Group to launch new properties across Vietnam

Fusion Hotels & Resorts, under Lodgis Hospitality Holdings, will add three properties across Vietnam to its current portfolio of 16 hotels in Vietnam and Thailand in the next 12 months, the hotel management company announced Monday.

Real Estate - Mon, Dec 22, 2021 | 11:30 am GMT+7

VinaCapital teams up with Japan’s Ryobi in Vietnam investment

VinaCapital teams up with Japan’s Ryobi in Vietnam investment

VinaCapital, a leading investment management firm company in Vietnam, and Japanese conglomerate Ryobi have signed a deal to form a business alliance to jointly explore real estate and other investment opportunities in the country.

Industries - Mon, Dec 22, 2021 | 11:30 am GMT+7

Why Vietnamese property developers are facing low liquidity amid strong housing demand

Why Vietnamese property developers are facing low liquidity amid strong housing demand

VinaCapital’s chief economist Michael Kokalari gives his insights into liquidity issues as a burden to Vietnamese real estate developers despite strong demand for new housing.

Consulting - Mon, Dec 22, 2021 | 11:30 am GMT+7