link ae888

Vietnam’s stock market capitalisation reaches 170.93 billion USD

Vietnam’s stock market capitalisation rose 13.5 percent against the end of last year, reaching a record high of 3.98 quadrillion VND (170.93 billion USD), according to the State Securities Commission (SSC).
Vietnam’s stock market capitalisation reaches 170.93 billion USD ảnh 1Illustrative photo (Source: VNA)

Hanoi (VNA) – Vietnam’s stock market capitalisation rose 13.5 percentagainst the end of last year, reaching a record high of 3.98 quadrillion VND (170.93billion USD), according to the State Securities Commission (SSC).

Thevalue was equivalent to 79.6 percent of the country’s gross domestic product(GDP).

Since the outset of the year, foreigncapital inflows into the stock market were estimated at 2.8 billion USD, a bitlower than 2.92 billion USD recorded in 2017.

However, the figure showed that foreigninvestors still have confidence in the Vietnamese stock market in the contextthat they have withdrawn more than 27.34 billion US from emerging markets likethe Republic of Korea, Thailand, Indonesia, the Philippines, India, and Taiwan.

Large share transactions have helped lure bothdomestic and foreign capital into the stock market in 2018.

꧙ On May 18, Vinhomes JSC sold nearly 268 millionshares via put-through transactions on the Ho Chi Minh Stock Exchange (HoSE).

The deal lured big attention from investors as the number of shares asked bypotential investors was four times higher than the amount of shares offered byVinhomes.

The value of the deal was 1.35 billion USD, andit was the biggest deal in the last two years, exceeding the IPO values ofother firms such as VPBank, Techcombank, Vietjet and Vincom Retail.

The stock market also secured some 922 millionUSD from the Vietnam Technological and Commercial Joint Stock Bank(Techcombank)’s initial public offering on April 27. The bank put up for salemore than 164 million shares at the price of 120,000 VND (5.62 USD) per share.

The year 2018also witnessed impressive state divestment, including the sale of 78.99 percentof stakes at the Vietnam Construction and Import-Export JSC (Vinaconex). TheState Capital Investment Corporation (SCIC) sold its total ownership at thefirm for 7.36 trillion VND (327.4 million USD). Meanwhile, the Viettel MilitaryIndustry and Telecoms Group also offloaded its 94 million Vinaconex shares for2 trillion VND (86.9 million USD).

ꦏ Earlier, some 16.6 trillion VND (712.9 million USD) was raised from the IPO ofBinh Son Refining and Petrochemical Company (BRS), PetroVietnam Oil Corporation(PV Oil), and PetroVietnam Power Corporation (PV Power).-VNA

VNA
🍸#Vietnam’s stock market capitalisation reaches 170.93 billion USD #Vietnam’s stock market capitalisation #Vietnam’s stock market #Vietnam GDP #Ho Chi Minh Stock Exchange #Vinhomes #PBank #Techcombank #Vietjet #Vincom Retail #Vietnam News Agency #vietnamplus

See more

A motorbike production line of Honda Vietnam — a Japanese company located in Phu Tho province. (Photo: VNA)

♕ Phu Tho emerges as FDI magnet following mergence

In the first seven months of the year, Phu Tho attracted an impressive 651.7 million USD in foreign direct investment, including 35 newly licensed projects totaling 119 million USD in registered capital and 45 existing projects with an additional capital of 533 million USD.
Infraction levels will correspond to fines of 1-80 million VND, depending on the nature and number of invoicing violations. (Photo: vietnamfinance.vn)

💞 Maximum fine of 3,000 USD proposed for violating invoice regulations

Under a draft to amend and supplement the Government's Decree 125/2020/ND-CP on administrative sanctions for violations of tax and invoice regulations, the Ministry of Finance has proposed classifying the failure to issue invoices into five different levels. Infraction levels will correspond to fines of 1 million VND to 80 million VND, depending on the nature and number of invoicing violations.
At the strategic partnership signing ceremony between Sun PhuQuoc Airways and Amadeus. (Photo: Sun Group)

♌ Sun PhuQuoc Airways enters strategic partnership with Amadeus to build a five-star aviation technology ecosystem

A new airline developed and invested by Sun Group — has officially announced a strategic partnership with Amadeus IT Group (Amadeus), one of the world’s leading travel technology companies. This agreement not only lays the foundation for a modern digital infrastructure but also marks a pivotal step in SPA’s global expansion strategy, enabling the airline to access international distribution networks and reach customers worldwide.
A local resident makes a bank transfer using the Momo app. (Photo: VNA)

ꦬ Banks accelerate digitalisation, non-cash payments

Cashless payments are growing at an impressive rate, averaging 30–40% annually. Vietnam’s per capita cashless transaction volume now trails only China, with total value of 295.2 quadrillion VND (11.26 trillion USD), or 26 times of its GDP.
{dagathomo tructiep hôm nay}|{link ae888 city 165}|{dá gà thomo}|{trực tiếp đá gà thomo hom nay}|{sbobet asian handicap}|