Vietnam 

Banks upbeat about coming year – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

Viet Nam News HÀ NỘI – Most banks will not officially set their annual targets until their shareholder meetings in April, but many bank leaders are optimistic about 2019 with plans to increase profits through cutting operating costs and promoting digital services. Vietcombank has already set a 2019 pre-tax profit growth rate of 12 per cent to over VNĐ20 trillion (US$855 million), while HDBank expects its pre-tax profit this year to rise by over 26 per cent against 2018 to nearly VNĐ5.1 trillion. Nguyễn Đình Thắng, chairman of…

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Vietnam 

Experts upbeat about MA scene in 2019 – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

Thai Beverage’s deal to buy a US$5 billion or 54 per cent stake in top brewer Sabeco has been the country’s biggest ever privatisation process so far. — VNA/VNS Photo Chương Đài Viet Nam News HÀ NỘI — Experts have predicted a banner year for merger and acquisition (M&A) activities in 2019 thanks to recent positive developments. According to Vice Chairman of the Việt Nam Foreign Investment Business Association Nguyễn Văn Toàn, M&A deals surged 160 per cent to US$9.9 billion in 2018, making disbursement of foreign direct…

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Hong Kong and China stocks poised for continued upbeat momentum as traders drift back to work after lunar holiday

China’s stocks posted their best monthly performance in January in a year, as the world’s biggest emerging equity market recovered from the world-beating decline in 2018. The Shanghai Composite Index rose 3.6 per cent last month, the biggest gain since January 2018. Equities were buoyed by beaten down valuations, detente in the China-US trade friction and the prospects of inflows from foreign investors. While most strategists made the call that China’s stocks would bounce back late in the year, the rebound is already in full swing. Foreign buying can account…

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Southeast Asia’s property markets looking up thanks to young population, upbeat GDP growth, analysts say

Vietnam and Singapore are tipped to lead price growth in the property markets in Southeast Asia this year, underpinned by the region’s youthful population and relatively long period of political stability. “The youthful population is playing a large part in the growth of the region, and the long period of political stability in the region is helping too,” said Chris Marriott, Southeast Asia chief executive officer at Savills. Asean data shows the 10 member states had a combined population of 642.1 million in 2017, with roughly half between the ages…

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Vietnam 

Shares rally on upbeat blue chips – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

Viet Nam News HÀ NỘI — The markets rallied on Thursday thanks to strong investor interest in large-cap stocks and positive information from the global market. The benchmark VN-Index on the Ho Chi Minh Stock Exchange was up 0.20 per cent to 924.42 points. It added 0.39 per cent to close at 922.56 points on Wednesday. On the Ha Noi Stock Exchange, the HNX-Index climbed 0.63 per cent to end at 104.55 points. It slipped 0.01 per cent to end at 103.90 points on Wednesday. Nearly…

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Vietnam 

Experts upbeat about real estate – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

Hotels and resorts along Trần Hưng Đạo Street in Phú Quốc Island.- Photo vietnambiz.vn Viet Nam News Nguyễn Trọng Thức from CBRE Việt Nam said the rapid development of the transport infrastructure system in provinces and cities rich in tourism potential was also creating momentum for the development of resort properties, like in Bà Rịa – Vũng Tàu, Nha Trang, Đà Nẵng and Phú Quốc. According to Adam Bury, senior vice president of investment sales, Asia Pacific, Hotels & Hospitality Group at JLL, there was a surge in…

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Vietnam 

VN businesses upbeat about trade – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

Vietnamese enterprises are among the world’s most optimistic about international trade prospects and most confident when it comes to succeeding in the current environment. — Photo tinnhanhchungkhoan.vn HCM CITY — Vietnamese enterprises are among the world’s most optimistic about international trade prospects and most confident when it comes to succeeding in the current environment, according to an HSBC report.  Ninety-one per cent of Vietnamese respondents, compared with 75 per cent globally, believe the outlook for trade is…

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Vietnam 

Moody’s upbeat about Việt Nam’s economic outlook – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

Viet Nam News HÀ NỘI — Việt Nam’s expansion has charged ahead despite the recent financial and trade turmoil, which has affected many emerging Southeast Asian markets, Moody’s Investors Service has said.  In a report titled ‘Việt Nam outlook: Resiliency amid emerging market uncertainty’ released recently, Moody’s forecasts that Việt Nam’s GDP growth would maintain an expansion of 6.7 per cent this year, following 6.8 per cent real GDP growth in 2017. According to the report, the positive economic outlook is supported by burgeoning electronic and textile exports, a modest…

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