PGBank faces uncertain future
According to the latest disclosure by Petrolimex Group Commercial Joint Stock Bank (PGBank) and HDBank, a merger between the two banks will be complete by June 2020.
Investors once considered real estate a lucrative investment because of its very high profit returns. However, in the context of the current downward trend in the market, capital flow is shifting from real estate to other more attractive and safer investment opportunities.
The U.S. government will strictly enforce a rule that requires cryptocurrency firms engaged in money service businesses such as digital asset exchanges and wallet service providers to share information about their customers, Kenneth Blanco, director of the Financial Crimes Enforcement Network (FinCEN), said on Nov. 15.
In a talk with Saigon Investment, Dr. Nguyen Tri Hieu, a finance and banking expert, commented that currently the world gold market is fluctuating dramatically because of political and economic tensions worldwide.
Currently gold price is at a low level, leading investors to buy gold to surf. This can be considered a risky investment trend, especially for individual investors who lack gold price forecasting tools.
Huawei receives another reprieve while list ensnares AI startups
In a country like Vietnam which is a government subsidized economy that is gradually switching to a market based economy, public land revenue has enormous impact that is capable of facilitating significant increase in investment capital for development purposes.
Recently many smaller Joint Stock Commercial Banks (JSB) have been pushing deposit rates to high levels to meet with the financial safety regulations of the State Bank.
Since the second quarter of 2019, liquidity at HOSE has stood at a low level of VND 2,500-3,000 bn per session, but this does not mean that the cash flow is running out.
Several years ago, after many BOT projects (Build-Operate-Transfer) were reeling under high credit, the State Bank of Vietnam (SBV) toughened its stand on all projects because of potentially foreseeable risks in the long-term, large capital investments, long-term loan durations, and limited financial ability of investors.
Huawei's R&D teams will likely see the extra cash, a report says.
In an official letter to the Government Office, the Ministry of Transport expressed its agreement on the contents of the State Bank Document 8020/NHNN-TD dated 11 October 2019, which proposes debt structure and keeping the debt group of Corporation 36 (TCT 36), that had earlier implemented the National Highway-19 BOT project (Build-Operate-Transfer) in the period 2013-2015, besides several other BOT projects. Hence, after many years of warning about risks, the State Bank now has to salvage these BOT debts.
US President Donald Trump said on Tuesday (Nov 12) that the United States and China are close to a trade deal, but made clear that the prospect of tariffs was still on the table, with a warning that the US would raise tariffs on China if no trade deal was reached.
As one of the first listed companies on HOSE, Saigon Beverage Joint Stock Company (Tribeco, stock code TRI) quickly became the point of focal interest for many domestic and foreign investment funds.
There are four basic issues in the land revenue system in Vietnam that need immediate evaluation in order to adapt to the current situation: (1) completion of the land pricing system; (2) categorizing and specifying mechanisms that assess value of land in the market; (3) changing the system of taxation and applicable fees for land use; (4) clarifying that investments from land users do not increase land value.
Hikvision and Dahua's sales slow in North America amid Washington blacklist
