Despite Virus Resurgence, the benchmark index of Vietnam is the region’s top performer with a 21% gain this year. Analysts say it has further to run. The Vietnam Ho Chi Minh Stock Index could rise as much as 12% more to 1,500 points by the end of the year, analysts say, supported by retail demand for stocks at relatively attractive valuations. Local investors have continued to snap up stocks despite a domestic coronavirus surge, with more than 4,000 local virus cases reported since the end of April – three times more than new cases last year. Last month, the index…
Author: Miley Selena
Southeast Asia’s (SEA) leading online shopping companion, iPrice Group, announced today it raised US$1.5 million from South Korea-based food tech company, Woowa Brothers. This is the second funding received by the region’s top e-commerce aggregator amidst the global pandemic as it works towards a Series C funding round. Woowa Brothers, attracted by the huge growth potential in the SEA digital sector, has been striking start-up investments in the region since 2019. With an interest to participate in the fast-growing e- commerce sector, Woowa decided to fund iPrice given its robust performance and unique position in the industry as a preeminent…
A man from Vietnam’s Central Highlands has been found having another person replace him at a local COVID-19 quarantine center. The two men also agreed to declare the same address to avoid being caught by authorities The incident was discovered at a coronavirus quarantine facility established on the premises of a training center of the Department of Public Security in Lam Dong Province, officers confirmed on Monday. At 9:00 pm on June 2, the quarantine facility received two people who had recently returned to Lam Dong from a virus-hit locality. According to a decision signed by local authorities, one of…
Vietnam has for the first time launched a national program to protect children online in an attempt to make the internet a healthy and safe place for children to learn, socialise and express themselves Vietnam has for the first time launched a national programme to protect children online in an attempt to make the internet a healthy and safe place for children to learn, socialise and express themselves. Under Decision No 830 signed by Prime Minister Pham Minh Chinh, the national program on child protection online – the first national-level program on this issue in Vietnam – aims to protect the…
Vietnam’s benchmark VN-Index plunged 1.11 percent to 1,358.78 points Monday, the biggest fall in a day in over 10 weeks. The index stayed in the green with a near 2-point gain in the first 45 minutes of trading, showing signs of overload before dipping to around 1,347. It closed with a 15-point drop, the biggest fall in a day since April 26. Most stock brokerages have projected several corrections this week as the index approaches the unprecedented 1,400 level. Trading value on the Ho Chi Minh Stock Exchange (HoSE), on which the index is based, fell 7.6 percent to VND28.92…
Vietnam has recorded 92 more Covid-19 infections, raising the total number of patients in the country to 8,883 the Ministry of Health reported at noon on Monday. According to the ministry’s report, all of the newly-confirmed patients are locally-transmitted cases most of whom were detected in quarantine sites or areas under lockdown in some localities including 68 in Bac Giang, 14 in Ho Chi Minh City, seven in Lang Son, two in Ha Tinh, and one in Hanoi. The 68 cases in Bac Giang were recorded at some industrial parks of Van Trung, Dinh Tram, Song Khe-Noi Hoang, and Quang…
Border guards nationwide have handled 319 cases of illegal entry into Vietnam via land borders from its neighboring countries during the past three days, border guard forces reported on Sunday. These unlawful border crossings were discovered in boundary areas between Vietnam and China, Laos and Cambodia from June 4 to 6. Cases of illegal entry into Vietnam through trails along borderlines have increased in recent weeks while the country has been trying to prevent coronavirus spread, including from its neighbors, warned the Vietnamese Border Guard High Command. Particularly, the period between May 27 and June 3 saw the number of unlawful entries from…
Vietnam’s benchmark Vn-Index may hit 1,400 in short-term. The VN-Index has been one of the best performing in the world with an expansion of 34.51% in the past six months. The market benchmark VN-Index will likely surpass the 1,400-mark in short term following a rise of over 4% at the close last week to 1,374.05, according to MB Securities Company. “A sharp drop in transaction volume may pose risk to the market, but it is not visible at the moment,” stated the securities firm. Related: Investment consulting services in Vietnam Over the past six months, Vn-Index remained one of the…
The income tax department is launching its new e-filing portal, www.incometax.gov.in, today, i.e., on June 7, 2021. The new portal will replace the existing link www.incometaxindiaefiling.gov.in. Abhishek Soni, CEO, Tax2win.in says, “At the moment, the income tax website is yet to be launched. Meanwhile, it was opened in the early morning for a few minutes and we have captured glimpses of the new portal. The new portal is user-friendly. There is a user-friendly ‘Help’ section where videos and content that are useful for taxpayers. There is a ‘Chat’ option and Helpline numbers as well.” We are as excited about the…
Creation of a company in Vietnam is slightly different to what an entrepreneur from another country might be used to. While the opportunities for companies based in Vietnam are compelling, the company registration process is more complex and bureaucratic than developed countries. With the support from GBS, a business and legal services firm in Vietnam, we share the information about Company formation in Vietnam as foreigner with comprehensive and adequate knowledge of legal as well as the business environment in Vietnam. According to GBS, they provide clients with legal advisory opinion most helpful in all areas of investment, established companies…