HVG-Disgraceful fall from Leading Position

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.

Efforts to maintain economic growth

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.

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HCMC needs autonomy and increased revenue for development

According to Mr. Nguyen Thanh Phong, Chairman of the People's Committee of Ho Chi Minh City, the City People's Committee is preparing a proposal to adjust percentage of revenue that will be divided between the Central Government and the local government. As per the proposal plan, the proportion of revenue reserved for HCMC will gradually increase over the next ten years from 2020-2030 from 18% to 33%.

Mr. Cua and ST25 rice.

Global recognition for Vietnamese rice strain

Ho Quang Cua is an agricultural engineer based in Soc Trang Province in the Mekong Delta Region in the South of Vietnam where he has been working diligently for more than two decades with his team of associates to develop a strain of rice that now has been recognized as the “World’s Best Rice”.

In a factory of Duc Thanh.

Vietnam’s wood industry up against many challenges

The wood industry in Vietnam was expecting to reach a turnover of USD 11 bn in 2019. This was the new target, despite the agricultural, forestry and fishing sectors facing serious difficulties in manufacturing their products. Currently, the wood industry is entangled in setbacks that need to be resolved realistically, if it wants to retain its successful status.

P/E ratio of Vietnam’s stock market is currently at 16.04x, higher than the average level in 5 years of 15,5x, equivalent to other countries in the region (Bloomberg).

Potential market opportunities for first months of 2020

Many investors are disappointed with the market prospects for the future, mainly after the recent stock market correction, and the fact that the VN Index could not hold the 1,000-point mark. However, this does not mean that the investors have totally lost out on all opportunities in the short-term, especially for the first months of 2020.

ACB stocks maybe have a lot of strength in 2020.

Two major stock groups for investors in 2020

Investors have a choice of two major groups in the current stock market, namely, banks and real estate, even as the income statement in 2019 of listed businesses continues to show a gap between industries as well as stock groups.

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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.
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Practice of falsifying stock data

The Stock Law was recently amended by the National Assembly so as to prevent violations of insider trading, price manipulation and information disclosure. However, it is not easy to issue effectively any terms, frameworks, or fines for violations related to falsifying data and manipulation of financial statements.

Customers are being served at EXIMBANK.

Infighting cause of Eximbank downhill slide

Eximbank was once known to be among the leading commercial banks of Vietnam, but recently it has been going rapidly downhill. The reason could be a prolonged struggle within board members for position of top slot.

Vinamilk products are no longer the focus of convenience stores, mini supermarkets ...

VNM stock may not have been victim to rumors

Vietnam Dairy Products Joint Stock Company (Vinamilk-stock code VNM) has been facing a downtrend for many months, with a slowdown in production and business activities. However, people said that it was the information that VNM was using poor quality material had caused investors to sell off capital and thereby causing losses of thousands of billion dong for Vinamilk.

From an industrial park tycoon, ITA has invested into too many sectors.

ITA stock deep in debt

The appearance of Tan Tao Investment and Industry Joint Stock Company (Itaco - stock code ITA) in 2006 not only brought in new breath into the market, but also contributed to making its founding shareholder the richest person on the stock market.

Clearing up procedures and transparency of information to raise international capital.

Vietnam must strengthen its capital market

The corporate bond market (CBM) makes up 8.6% of the GDP, compared to 130% of credit lending. This means that most of the capital funding comes from banks, and most of the risks occurring directly affect the banking system. It is therefore essential for Vietnam to strengthen its capital market to spread out the risks.