The Hung Vuong Joint Stock Company (HVG) was once a leading seafood processing enterprise and was called "Pangasius King". However, reckless investment decisions led HVG to lose its top position and face a drastic and disgraceful fall in its fortunes to the level of bankruptcy.
The unforeseen development of COVID-19 epidemic will challenge the economic growth target of 6.8% this year. Recently, the Ministry of Planning and Investment had proposed two growth scenarios that were lower than the set target.
Every kind of investor has own goal and strategy on how to fulfill their investment plan. Dealers in securities try to increase their profits by choosing good shares, while fund investors try to buy and hold on to high value shares.
When we calculate the economic efficiency of investment models in various regions of the country, the expected results are not often encouraging, except in the case of Ho Chi Minh City, where the all-round growth is very impressive, especially in the fields of exports and government investments.
Since 2017, the corporate bond market has grown rapidly to meet the requirements of enterprises in capital mobilization. However, an explosion in this market has created potential risks for small investors who lack access to accurate information or have little experience.
At the beginning of 2020, many new legal regulations will officially take effect in the banking industry. These regulations will have a profound impact on different levels of banking and influence business results of several Joint Stock Commercial Banks.
While Ho Chi Minh City is trying to play it safe with urban real estate development, Vietnam’s provincial cities are witnessing billion-dollar projects established by private investors. Subsequently, experts cannot seem to predict a clear future for the market in 2020.
With Ho Chi Minh City aiming to replace all traditional slaughterhouses by September 2019 with six industrial ones, many businesses scrambled to find funding for their facilities on time. Nevertheless, various administrative roadblocks have kept a lot of them from being put into operation.
In my opinion, it is acceptable for Ho Chi Minh City to ask for an increase in the percentage of revenue it can keep, from 18% for the 2018-2020 period, to 24% for the 2021-2025 period, and 33% for the 2026-2030 period, similar to that in 2003.
Prior to the Prime Minister's Meeting with Enterprises in Hanoi today, December 23, Saigon Investment had an interview with Assoc. Prof. Dr. Tran Dinh Thien (pictured), former Director of Vietnam Economics Institute, a member of the Economic Advisory Team of the Prime Minister.
At its peak, the Quang Nam Rubber Investment Joint Stock Company (VHG) was one of the hot stocks on HOSE. However, in its glorious times, the leaders of this business made the wrong decision of focusing on real estate as their primary business, pushing their core business to the side.