HHHhhhmmmmm getting very interesting........
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Thread: Latest news on the Dong!
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01-06-2007, 08:32 PM #631
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Very Interesting
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01-06-2007, 10:34 PM #632
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1 USD=16.112,00 VNĐUSDMua16.088,00[CENTER]A healthier you, MonaVie! www.TheGreatProduct.com/pegjones
Smile, you look good and no one really knows what your thinking!
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01-06-2007, 10:48 PM #633
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Thanks spoiledred, Yes, that is their normal rate VND and I have observed their site to continue as normal. It is also the weekend. Let's be patient...patience is the key to success and observation is the key to awareness. The big question is....why did they not fill in the blank and show the value of the Dong to USD? Especially after a full month late in reporting? May be something or may not be anything, however the timing is interesting, and it is the weekend.
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01-06-2007, 10:52 PM #634
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02-06-2007, 01:05 AM #635
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Interesting...........................
Emerging Markets: The Vietnamese economic miracle
By Stephanie Grimmett,
Communism just never seems to stick. Marx may fill the heads of the young, idealistic or slow with a lot of fantastic rhetoric about the workers rising up to defeat the capitalist demons. If you listen long enough, you start to believe that communism will bring with it unicorns, fairies and afternoons spent picking wildflowers in sunny meadows.
But after the glorious revolution, instead of finding the idyllic society of freedom and economic equality they were promised, those stalwart “workers of the head and fist” (as real so******t slogans used to call them) invariably fall prey to any dictatorial regime that happens to pass by. And countries that were trying to escape from poverty and starvation end up starving and in poverty as their economies are hijacked by a bloated and paranoid So******t Unity Party.
The free market has usually beaten the pants off the noble ideals of communism, though Bill Moyers may tell you otherwise. In Russia, the transition from communism was violent, and 15 years later, is by no means complete. Putin is still trying to solder a healthy economy together through his country’s natural resources and sheer willpower. In China, the process has been more entertaining as the hodgepodge old- and new-school communist government attempts to juggle all of the different factors in its economic growth without dropping any one of its balls.
But in Vietnam, the economic pressures of government ownership managed in 15 years what a decade-long war couldn't accomplish. In 1986, Vietnam quietly returned its farmlands to private ownership and began opening the economy to capitalist reforms.
Now the country has a seven-year-old stock market, ironically named the Ho Chi Min Securities Trading Center. (That sounds like calling a bar the Pope John Paul II Badda Bing, but it’s actually named the city it’s in, not directly for the communist leader.) And with its emerging economy, Vietnam has become the playground of Japanese investors and the rest of the world is taking notice.
Unlike China, Vietnam is making it easy for foreign investors to cash in on its vital, young market. In fact, the country is courting foreign, especially Japanese, investment with tours of its industries that run almost daily. And despite the lingering bitterness in the U.S. about the war, Vietnam is growing in popularity in the American investment community.
Estimates show that about $5 billion of the country's $20.5 billion stock market cap (that's including both the Ho Chi Min and the Hanoi exchanges) are from foreign investors. And foreign funds account for between 20%-30% of the country's overall market investment capital.
Vietnam is still a tiny stock market, with only about 200 companies listed and a market cap of less than 1% of the New York Stock Exchange (of course, the NYSE can make even the largest foreign exchanges appear diminutive). But the country has posted economic growth of 7% or higher every year since 2002, and the economy grew 8.2% in 2006.
The country became the 150th member of the World Trade Organization in January. And Vietnam investment funds are popping up all over the place.
In February, the Indochina Capital Vietnam Holdings Fund raised $500 million, $150 million more than expected, when it debuted on the London Stock Exchange. Lion Capital Management just opened its first Vietnamese fund for Singapore investors, and of course, Japan's investment firms operate multiple Vietnamese funds, as well as offering direct investment in the country's stock exchanges.
Here in the U.S., funds specializing in Vietnam have been slower to arrive, possibly because of the enduring distaste for the country in the baby boomer generation or because of its small market size. But with an expanding economy and an open environment for foreign investment, that could change any day now.
Good luck and health to all, Mike
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02-06-2007, 04:55 PM #636
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I Like your concept......
Inquisitive I Like your mindset of Patience......
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03-06-2007, 06:31 PM #637
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New foreign funds to bolster stock market
New foreign funds to bolster stock market14:51 03/06/2007
VietNamNet Bridge - Vietnam’s stock market is expected to bloom again, as nearly 70 foreign investment funds wait for licences to operate in the country.
“The arrival of foreign investment funds and the level of their predicted demands, is expected to bolster the market,” Trinh An Huy, President of the Stock Investors’ Club said.
In the footsteps of Dragon Capital, VinaCapital and Indochina Capital, the largest foreign investment funds in Vietnam, Mekong Capital has recently injected US $100 million into the Azalea Fund, engaging in equitised state-owned companies which are preparing for listing on the stock exchange.
A pool of funds are also awaiting licences from the State Securities Commission, including a Japanese-owned fund, which has investment capital of US $200 million.
Financial institutions from China and Hong Kong have already entered Vietnam by establishing financial investment consulting companies and are ready for buying shares at auctions of blue chip state-owned companies in the near future.
Vietnam’s securities market was described as having hot development during late 2006 and early 2007. However, share prices began decreasing in March, reducing the VN-Index to below the 1,000 point mark in mid-April.
The market has recently experienced a slight recovery. However, with stocks fluctuated over the past two months, various investors are hesitant to pour in money before awaiting for stability.
(Source: VNA)
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03-06-2007, 06:41 PM #638
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Vietnam looks to develop stock markets
Last updated: 17:17 - June 1, 2007
Vietnam looks to develop stock markets
Speeding up the process of equitising State-owned enterprises to eventually be listed on the country's bourses will increase the volume, supply and generate sustainable development for the markets, economists said.
Nguyen Doan Hung, Vice Director of the State Securities Commission, said that when the stock market became too "hot" over the first few months of the year, administrative measures were proposed to limit demand.
A cap on demand can calm prices and the markets immediately but may also create negative impacts in the long term, he added.
The government has therefore decided to increase supply to stabilise the market through the acceleration of equtisation of State-owned corporations in order to negate these side effects, Hung said.
The Prime Minister, in agreement with the policy has also given the go ahead for 70 large State-owned economic groups to be equitised during the 2007-2010 period. About 20 State-owned corporations and commercial banks are to go through the process this year.
According to Nguyen Kim Toan, Head of the Enterprise Renovation Department, the equitisation of State-owned enterprises has been sped up with 3,060 businesses going public by late 2006.
Pundits have also forecast that with the presence of banking, beverage and telecommunication sectors, the total value of listed shares will triple by late 2007 and be five times higher than the current figure by the end of 2008.
In 2006, the total number of listed companies increased to 193 with the total value of shares coming in at over VND 221 trillion (US $14 billion), accounting for 22.7% of GDP. The figure has already surpassed the 15% target set in the government's strategy to develop the domestic stock market through 2010.
The Vietnamese stock market was evaluated to have the world's fastest growth for 2006 and is expected to make up to 30% of the country's GDP this year. (VNA)
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04-06-2007, 12:37 PM #639
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Last Updated: Friday, June 1, 2007 20:39:23 Vietnam (GMT+07)
Coca-Cola sees Vietnam as key market
Prime Minister Nguyen Tan Dung greets Coca-Cola Chairman and CEO Neville Isdell (L)Coca-Cola chairman and chief executive officer Neville Isdell has underlined the importance of Vietnam to the American soft drink giant and its strong commitment to the country.“We are very optimistic about the future of our business here,” Isdell, who paid a courtesy visit on Prime Minister Nguyen Tan Dung in Hanoi Thursday, said.
“Over the next five years we will increase our commitment to Vietnam by significant new investments in infrastructure and an expansion of our geographical reach throughout Vietnam.”
Coca-Cola has invested more than US$160 million in Vietnam since returning to the country in 1994, and now has bottling plants in Ha Tay in the north, Danang in the central region, and HCMC in the south.
The company’s wide range of well-established soft drinks brands include Coca-Cola, Sprite, Fanta, Thums Up, Diet Coke, Schweppes, Minute Maid Splash juice, bottled drinking water Joy, and energy drink Samurai.
Isdell also held meetings with his local managers and surveyed the Vietnamese market before wrapping up a two-day visit Thursday.
Citos Reyes, general director of Coca-Cola Sabco Vietnam, the authorized bottler of all Coca-Cola products in the country, said Isdell’s visit was clear proof of the company’s commitment to Vietnam as a dynamic beverage market.
“We are growing the business and creating new jobs in Vietnam,” he said, adding he was enthusiastic about the business opportunities in the country.
Independent studies show that the Coca-Cola Sabco manual-distribution-center, or MDC model, supports over 9,000 people through direct and indirect employment, generating 12 additional jobs in industries such as ingredients, packaging, distribution, and retailing for every direct employee.
Source: SGT"The ulimate measure of man is not where he stands in moments of comfort and convenience, but where he stands at times of challenge and controversy." --Dr. Martin Luther King Jr.
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04-06-2007, 12:42 PM #640
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Last Updated: Saturday, June 2, 2007 13:19:01 Vietnam (GMT+07)
US firm tells Vietnam PM of investment plans
US-based financial company Vietnam Partners pledged investment in Vietnam and sought the government’s assistance during a meeting its top executives held with Prime Minister Nguyen Tan Dung in Hanoi Friday.Its President Virginia B. Foote said she would try to boost US-Vietnam cooperation in various fields besides boosting her company’s investment in the country.
A company partner, James W. Lewis, said the executives’ current trip was for exploring the property market, especially with respect to resorts and luxury hotels in Ho Chi Minh City, Hanoi, and Danang.
He sought government assistance for the group’s projects to build a tourism human resource development center in Danang and Asia’s most luxurious hotel in HCM City.
Dung appreciated the company’s investment plans and urged its executives to work with agencies and local authorities concerned to begin the projects as soon as possible.
“Tourism development is among Vietnam’s top priorities and the government will create the best possible conditions for the group to operate profitably,” he assured.
He took the opportunity to appreciate Foote, an ex-President of the US-Vietnam Trade Council, for her contributions to the normalization of Vietnam-US relations and signing of the Bilateral Trade Agreement, and her support for Vietnam’s WTO membership.
“Vietnam is pursuing a policy of cooperation in all fields with the US based on the principle of mutual interest, especially in the economic and investment spheres.”
Source: VNA"The ulimate measure of man is not where he stands in moments of comfort and convenience, but where he stands at times of challenge and controversy." --Dr. Martin Luther King Jr.
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