VIETNAM - Good Morning Vietnam

ooiii, das geht schnell.
Habe vor einer Woche bei dem Ariva Börsenspiel ein Depot eröffnet und lag nach vor drei Tagen auf Platz 140 von ca 600 Teilnehmern.
Jetzt bin ich Nr. 640 von 660.
Übrigens:  Mein Liebling (neben VN) ist Activa Resources WKN 747137.
ein kleine Öl-/Gas-explorer, der solide arbeitet und großes Potenzial hat.
KEIN Wert der von börsenbriefen gepusht wird und wo nichts dahinter steht.

Gruß
/t  

unter der ISIN  XS0283939469  wird von Merrill Lynch ein VN Zertifikat begeben!!
Es wird also weiterhin Geld nach VN fliessen!!

/t  

Greetings tomtom

bitte kurze Info wo Du dieses Zertifikat findest.Danke

sw

"unter der ISIN  XS0283939469  wird von Merrill Lynch ein VN Zertifikat begeben!!
Es wird also weiterhin Geld nach VN fliessen!"  

ist neu.
Wird einen Zeichnungsschluss 2.Februar haben.

habe mit ML in CH gesprochen, Volumen auf 20 Mio. begrenzt.
Habe über Investitionsmöglichkeiten mit denen gesproche´n und meine Fragen gestellt, wie man denn überhaupt das eingesammelte Geld investieren wolle.

Term shhet / Flyer schicke ich dir gerne per mail.
Kannst mir ja deine Daten per BM schicken,

Gruß
/t  

VN Index
1022.4 +26.85 +2.70%

    Symbol     Close    Change§% Change Vol.
       ABT   140,000§   4000   2.94% 68,650
       AGF   132,000§   6000   4.76% 1,690
       ALT    68,000§  -1000  -1.45% 3,700
       BBC    51,000§   2000   4.08% 150,090
       BBT    16,900§   800   4.97% 129,840
       BHS    47,000§0 0.00% 56,130
       BMC   130,000§   6000   4.84% 500
       BMP   240,000§   11000   4.80% 141,950
       BPC    26,000§  -500  -1.89% 7,950
       BT6    61,000§   1000   1.67% 50,910
       BTC    14,600§  -200  -1.35% 2,880
       CAN    26,500§0 0.00% 15,320
       CII    72,500§   3000   4.32% 46,140
       CLC    50,500§   1200   2.43% 16,600
       COM    49,000§  -100  -0.20% 17,300
       CYC    15,000§  -200  -1.32% 21,010
       DCT    28,000§   500   1.82% 50,630
       DHA    72,000§   3000   4.35% 61,330
       DHG   270,000§   10000   3.85% 18,830
       DIC    35,800§  -300  -0.83% 5,490
       DMC   139,000§  -4000  -2.80% 18,460
       DNP    48,800§   2300   4.95% 20,530
       DPC    49,000§  -500  -1.01% 66,930
       DRC   136,000§   6000   4.62% 30,370
       DTT    52,000§   1500   2.97% 4,650
       DXP    46,400§0 0.00% 7,580
       FMC    89,000§   1500   1.71% 28,030
       FPC    34,100§   1600   4.92% 12,750
       FPT   630,000§   25000   4.13% 324,420
       GIL    68,000§   2000   3.03% 109,060
       GMC    57,500§0 0.00% 16,160
       GMD   173,000§   8000   4.85% 96,150
       HAP    61,500§   2500   4.24% 50,400
       HAS    70,000§0 0.00% 44,890
       HAX    34,700§0 0.00% 12,450
       HBC    89,000§   4000   4.71% 13,380
       HBD    29,400§0 0.00% 0
       HMC    30,500§   500   1.67% 12,330
       HRC   231,000§   11000   5.00% 1,060
       HTV    31,500§   1500   5.00% 45,150
       IFS    40,000§0 0.00% 42,350
       IMP   132,000§   6000   4.76% 60,270
       ITA   141,000§   6000   4.44% 507,910
       KDC   212,000§   10000   4.95% 182,710
       KHA    26,400§   400   1.54% 75,940
       KHP    31,000§0 0.00% 166,140
       LAF    14,700§   400   2.80% 34,530
       LBM    21,000§0 0.00% 4,860
       LGC    63,000§0 0.00% 6,890
       MCP    34,000§0 0.00% 1,020
       MCV    44,700§  -2300  -4.89% 14,130
       MHC    41,500§   1900   4.80% 26,450
       NAV   120,000§   2000   1.69% 22,810
       NHC    39,000§   500   1.30% 5,400
       NKD   180,000§   8000   4.65% 160,590
       NSC    49,000§0 0.00% 16,130
       PAC    49,300§   2300   4.89% 47,890
       PGC    70,000§   3000   4.48% 125,860
       PJT    44,800§   2100   4.92% 16,400
       PMS    28,000§0 0.00% 28,600
       PNC    23,200§   100   0.43% 29,500
       PPC    95,000§  -5000  -5.00% 65,400
    PRUBF1    14,600§   100   0.69% 551,110
       PVD   279,000§   13000   4.89% 222,990
       RAL   112,000§0 0.00% 42,420
       REE   210,000§   10000   5.00% 81,890
       RHC    47,200§   2200   4.89% 2,600
       SAF    36,700§   1700   4.86% 1,020
       SAM   214,000§   10000   4.90% 18,740
       SAV    57,500§   2500   4.55% 41,240
       SCD    40,800§   1900   4.88% 23,040
       SFC    55,500§   2500   4.72% 13,640
       SFI   175,000§   8000   4.79% 20,130
       SFN    57,000§  -3000  -5.00% 2,550
       SGC    46,700§   2200   4.94% 31,650
       SGH    64,500§   3000   4.88% 30
       SHC    31,500§   1500   5.00% 1,300
       SJ1    49,000§   700   1.45% 1,700
       SJD    51,500§   2100   4.25% 188,440
       SJS   317,000§   15000   4.97% 54,570
       SMC    55,000§   2500   4.76% 127,120
       SSC    83,000§   3000   3.75% 34,150
       STB   100,000§   500   0.50% 970,640
       TAC    61,000§   1000   1.67% 61,360
       TCR    35,000§   1600   4.79% 125,930
       TCT    63,000§   1500   2.44% 2,520
       TDH   199,000§   9000   4.74% 39,780
       TMC    48,000§0 0.00% 29,190
       TMS    70,500§   3000   4.44% 85,590
       TNA    40,700§   1900   4.90% 10,360
       TRI    36,700§   1700   4.86% 17,950
       TS4    36,500§   1700   4.89% 15,150
       TTC    16,000§0 0.00% 18,680
       TTP    88,000§   1000   1.15% 102,410
       TYA    62,000§   2500   4.20% 378,320
       UNI    41,500§0 0.00% 11,160
       VFC    34,100§   1600   4.92% 57,840
    VFMVF1    42,500§   1500   3.66% 455,150
       VGP    40,900§   1900   4.87% 1,300
       VID    59,500§   2500   4.39% 42,110
       VIP    81,000§   3500   4.52% 7,450
       VIS    41,800§   1900   4.76% 4,740
       VNM   176,000§   8000   4.76% 191,760
       VPK    21,500§0 0.00% 6,600
       VSH    79,000§   3500   4.64% 629,700
       VTA    17,100§   100   0.59% 6,800
       VTB    67,000§0 0.00% 14,250
       VTC    47,000§   2000   4.44% 28,440  

für 27% braucht auch die Börse in VN etwas mehr als einen Tag.

Gruß
/t  

Wenn ich das richtig mitbekommen habe, dann hat der Titel am ersten Handelstag einen Satz von 60% gegenüber Ausgabekurs gemacht. Ausländerquote noch sehr gering, jetzt grösster Wert in HCM, da wird noch mehr kommen! Weil  die Ausländer endlich wieder einen Möglichkeit haben, ihr Geld zu investieren.



Pha Lai Power Company lists record shares

(27-01-2007)

HCM CITY — The new listing of nearly 311 million shares made Hai Duong-based Pha Lai Thermal Power Company (PPC) the largest company at the HCM City Securities Trading Centre yesterday.

The move makes PPC the centre’s 107th listed company.

Around 131,000 stocks were transferred for VND105,000 apiece at the first session.

Pha Lai shares have been traded at the Ha Noi Securities Trading Center prior to listing in HCM City. The company received application approval from the State Securities Commission on January 17 once it decided to jump on board the HCM City bourse.

PPC runs two plants in the northern province of Hai Duong, with a combined capacity of 1,040 MW. The company plans to contribute capital to two thermal power projects in Hai Phong and Quang Ninh provinces later this year.

The State still owns 78 per cent of the company, whose chartered capital stands at VND3.107 trillion. PPC chairman Hoang Van Que said State ownership could reduce to 51 per cent via share sales as early as the first quarter of this year.

Foreign investors, 11 institutions and more than 80 individuals, hold just over 3 per cent of the company.

The company netted VND599 billion (US$37.4 million) in profits last year and expects the figure to rise to VND609 billion this year. However profits may drop to VND364 billion in 2008 when the company’s tax reduction expires. — VNS


--------------------------------------------------

 

Ich hätte auch nichts gegen eine (richtige) Korerktur einzuwenden, aber für mich sieht es schon wieder so aus, als ob es weiter nach obern geht.

 

US oil firm to sell shares for Vietnam gas project

HANOI, Jan 28 (Reuters) - American Technologies Inc. (ATI) said on Sunday it would list 20 percent of its oil and gas unit ATI Petroleum's shares on the Euronext stock exchange to raise around $200 million for a natural gas project in Vietnam.

"We expect a price of at least $8 per share at the initial public offering on Euronext on February 27," ATInc Deputy General Director Cao Van The told Reuters in Hanoi on Sunday.

ATI officials also said the company would list Nevada-based ATI Petroleum on the Vietnam stock exchange to raise funds for more projects in Vietnam but declined to provide further details.

ATI President Dinh Duc Huu told Reuters ATI Petroleum had made a gas discovery at the Yen Tu field off Vietnam's north coast.


The gas block, called Thai Binh and located 70 km (44 miles) off the port city of Hai Phong, has estimated reserves of 1 trillion cubic feet of gas.

Tests at the block showed a gas flow of 47 million feet per day, company officials said.

"If all goes well we hope to put the gas field into commercial production by 2009," Huu said.

He also said the company plans to build a pipeline with state oil monopoly Petrovietnam to deliver the gas from the field to power plants in northern Vietnam.  

VN Index
1041.33 +18.93 +1.85%

    Symbol     Close    Change§% Change Vol.
       ABT   138,000§  -2000  -1.43% 20,540
       AGF   137,000§   5000   3.79% 49,180
       ALT    68,000§0 0.00% 8,300
       BBC    51,500§   500   0.98% 120,180
       BBT    17,700§   800   4.73% 216,600
       BHS    47,000§0 0.00% 71,060
       BMC   135,000§   5000   3.85% 70
       BMP   251,000§   11000   4.58% 118,550
       BPC    27,000§   1000   3.85% 12,800
       BT6    61,000§0 0.00% 54,070
       BTC    14,400§  -200  -1.37% 6,020
       CAN    26,000§  -500  -1.89% 18,960
       CII    76,000§   3500   4.83% 94,760
       CLC    51,000§   500   0.99% 8,740
       COM    51,000§   2000   4.08% 39,370
       CYC    15,000§0 0.00% 13,390
       DCT    27,500§  -500  -1.79% 38,270
       DHA    72,000§0 0.00% 74,620
       DHG   273,000§   3000   1.11% 17,810
       DIC    36,000§   200   0.56% 9,790
       DMC   143,000§   4000   2.88% 53,230
       DNP    51,000§   2200   4.51% 20,990
       DPC    48,000§  -1000  -2.04% 59,830
       DRC   142,000§   6000   4.41% 43,200
       DXP    46,000§  -400  -0.86% 3,120
       FMC    93,000§   4000   4.49% 44,050
       FPC    35,800§   1700   4.99% 15,800
       FPT   645,000§   15000   2.38% 310,330
       GIL    68,000§0 0.00% 62,530
       GMC    56,000§  -1500  -2.61% 10,520
       GMD   181,000§   8000   4.62% 217,870
       HAP    64,500§   3000   4.88% 31,630
       HAS    70,500§   500   0.71% 46,700
       HAX    36,400§   1700   4.90% 11,120
       HBC    89,000§0 0.00% 17,060
       HBD    29,400§0 0.00% 0
       HMC    30,000§  -500  -1.64% 19,980
       HRC   242,000§   11000   4.76% 1,060
       HTV    32,000§   500   1.59% 36,550
       IFS    39,000§  -1000  -2.50% 72,820
       IMP   138,000§   6000   4.55% 100,630
       ITA   140,000§  -1000  -0.71% 255,010
       KDC   220,000§   8000   3.77% 189,890
       KHA    27,000§   600   2.27% 97,110
       KHP    30,500§  -500  -1.61% 143,960
       LAF    14,700§0 0.00% 33,810
       LBM    20,500§  -500  -2.38% 7,370
       MCV    45,000§   300   0.67% 16,530
       MHC    43,500§   2000   4.82% 8,360
       NAV   126,000§   6000   5.00% 34,670
       NHC    40,000§   1000   2.56% 9,070
       NKD   185,000§   5000   2.78% 157,280
       NSC    48,900§  -100  -0.20% 36,330
       PAC    51,500§   2200   4.46% 79,740
       PGC    73,500§   3500   5.00% 150,640
       PMS    29,400§   1400   5.00% 23,780
       PNC    23,100§  -100  -0.43% 15,800
       PPC    90,500§  -4500  -4.74% 71,380
    PRUBF1    14,700§   100   0.68% 597,910
       PVD   292,000§   13000   4.66% 388,540
       RAL   112,000§0 0.00% 64,190
       REE   215,000§   5000   2.38% 416,270
       RHC    49,500§   2300   4.87% 6,460
       SAM   224,000§   10000   4.67% 122,580
       SAV    60,000§   2500   4.35% 53,300
       SCD    40,000§  -800  -1.96% 27,650
       SFC    58,000§   2500   4.50% 25,950
       SFI   183,000§   8000   4.57% 17,050
       SGC    46,800§   100   0.21% 27,680
       SGH    67,500§   3000   4.65% 300
       SHC    33,000§   1500   4.76% 3,750
       SJ1    46,600§  -2400  -4.90% 5,090
       SJS   332,000§   15000   4.73% 85,900
       SMC    56,000§   1000   1.82% 119,230
       SSC    85,000§   2000   2.41% 49,080
       STB    98,000§  -2000  -2.00% 837,230
       TAC    61,500§   500   0.82% 40,530
       TCR    34,000§  -1000  -2.86% 74,680
       TCT    66,000§   3000   4.76% 30,210
       TDH   208,000§   9000   4.52% 65,820
       TMS    72,000§   1500   2.13% 109,670
       TNA    42,000§   1300   3.19% 11,680
       TRI    38,500§   1800   4.90% 67,840
       TS4    38,300§   1800   4.93% 14,160
       TTC    16,000§0 0.00% 28,320
       TTP    91,000§   3000   3.41% 162,710
       TYA    65,000§   3000   4.84% 42,610
       UNI    41,500§0 0.00% 10,600
       VFC    35,800§   1700   4.99% 26,990
    VFMVF1    42,600§   100   0.24% 562,850
       VID    57,000§  -2500  -4.20% 29,890
       VIP    85,000§   4000   4.94% 86,900
       VNM   175,000§  -1000  -0.57% 179,120
       VPK    21,500§0 0.00% 5,010
       VSH    82,500§   3500   4.43% 324,070
       VTA    17,500§   400   2.34% 7,730
       VTB    70,000§   3000   4.48% 30,050
       VTC    49,000§   2000   4.26% 35,190

Tet fest 2007 ;-)
2007 Feb 22
http://www.vnstyle.vdc.com.vn/lunar_newyear/


viel Glück

 

ISIN  XS0283939469  wird von Merrill Lynch

http://www.mlinvest.ml.com/ch/Products/...4a76-a270-4472146d08a4.aspx  

Danke für den Link, skunk.works. Das ML-Zertifikat besteht zunächst aus insgesamt 15 ausgewählten Blue Chips aus Vietnam. Die Unternehmen sind jeweils aus den wesentlichen Branchen (z. B. Telekommunkation, Energie, Rohstoffe etc.) sehr unterschiedlich gewichtet. Zeichnung bis 02.02., Emission am 08.03., 100 CHF zum Start.

Das Aktienbasket "Top Selection" der DB umfasst 10 Blue Chips, die insgesamt 60 % des gesamten Marktes abdecken. Die Gewichtungen einzelner Branchen weichen hier und da vom ML-Zerti ab, allerdings kommen einige Unternehmen in beiden Baskets vor.

Ob nun eine Investition in den Vietnam Index, die Top Selection oder das ML-Tracker-Zertifikat lukrativer erscheint, kann man mit den heutigen Kenntnissen wohl kaum beantworten.

Meine Frage an euch: wie läuft die Besteuerung beim ML-Zertifikat?
Beim Verkauf meiner VOF kann ich in den nächsten Tagen einmal meine Abrechnung präsentieren. Die Pauschalbesteuerung kann ich bestätigen, die ZASt schmälert den Gewinn, aber frisst ihn nicht auf ;-)  

Ich habe das LBB-zertifikat, weil das auch in Firmen ivestiert, die ihren Börsengang noch vor sich haben. Da hält sich m.E. das natürlich vorhandene Risiko in Grenzen. Der Fonds macht durch seinen Kauf beim IPO praktisch die Zertifikatanleger reich :-)

Zum Tracker weiß ich ehrlich gesagt nix.  

hat nur den Vietnam Opportunity Fund als Basiswert, orrientiert sich also nur an der Kursentwicklung dieses Funds. Es macht eigentlich nichts anderes, als die "Strafsteuer" zu umgehen und dafür kassiert man eine "Managementgebühr" von 1% pa.

Die in den einzelnen Anlagevehikeln anthaltenen Aufgelder sind teilweise sehr!!! hoch. über 50% !!  Das erscheint mir eigentlich zu hoch und schreit regelrecht nach einer Korrektur, aber wie schon mehrmals gepostet, solange so viel Geld nach VN geht,.....

Der Vorteil des ML-Papiers könnte sein, dass es zumindest in der Zeichnung noch kein Aufgeld haben dürfte. Wie weit es aber schon investiert ist???

Andererseits ist jede Gewinnmitnahme mit dem Risiko verbunden, zwar evtl. 100% sicherzustellen, aber die nächsten 500% zu verpassen.


 

welche wkn/isin hat das LBB-Zeritfikat von dir?
Wie sieht es da mit dieser 30 % Steuer aus, von der ich immer wieder mal lese?
Hab selbst 710528 im Depot  

bin zwar nicht clubfan, aber...
Landesbank Zertifikat hat WKN  LBB1XG.
Bezieht sich auf den Vietnam Opportunity Fund, umgeht aber die Strafsteuer. Siehe Posting 39.
Du bist direkt im VOF drin und wirst beim Verkauf die ganze wucht der deutschen Steuerlast spüren. (Ich hatte Glück, meine Bank -Kein Discounter- hat keinerlei Abzüge vorgenommen. Hoffe nicht, dass in einigen wochen eine Neuabrechnung erfolgt!!)
Das Steuerthema wird in anderen boards lang und schlapp diskutiert.
 

Vietnam's banking sector heats up
By Sameera Anand

Deutsche becomes the third bank within a week to announce an investment in a Vietnamese bank.

It was a hat trick for Vietnam’s banking sector as Deutsche Bank became the third bank to finalise an investment in a local bank after announcements by United Overseas Bank (UOB) and HSBC. All three transactions have been announced in the same week.

The spate of interest is fuelled by expectations that banking laws in the country - which currently allow a foreign shareholder to own up to 10% of a joint stock commercial bank – will shortly be relaxed to allow 20% foreign ownership.



Deutsche Bank said yesterday it will acquire up to 20% of Vietnam’s Hanoi Building Commercial Joint Stock Bank (Habubank) and become the single largest shareholder. Deutsche will be entitled to representation on the board of Habubank. No financial terms of the deal were disclosed.

Habubank is Vietnam's sixth-largest private commercial joint stock bank by assets and is one of the best-capitalised Vietnamese banks with a network of 21 branches and around 560 employees. It ended the year with assets of about 12 trillion dong ($748 million) and profit before tax of 248 billion dong. Commenting on the acquisition, Colin Grassie, chief executive of Deutsche Bank Asia-Pacific, referred to Vietnam as “an important growth market in the Asia-Pacific region”.

This acquisition follows a move by Deutsche in October 2005 to buy 14% of Hua Xia Bank in China and underscores how important a presence in Asia is becoming to the expansion plans of global banks. Indeed, in announcing fourth quarter results earlier yesterday – the best ever for the bank - Dr. Josef Ackermann, chairman of the management board of Deutsche Bank observed: “Geographical boundaries are disappearing, and emerging markets are growing in importance”.

On January 25, UOB of Singapore announced it would acquire 10% in Southern Commercial Joint Stock Bank in Vietnam for S$46 million ($29.9 million) and would up its stake by another 10% when regulation permitted paying another S$44 million. Southern Commercial had net tangible assets of approximately S$158 million and an issued capital of S$124 million on November 30, 2006. It has a network of 46 branches and 980 employees.

Both Deutsche and UOB highlighted the technical support and assistance they would provide to the Vietnamese partner as a strategic shareholder.

On January 28, HSBC announced it would pay $71.5 million to double its 10% stake in Vietnam Technological and Commercial Joint Stock Bank (Techcombank) as soon as regulations permitted.

Most economists are bullish on Vietnam and believe it will achieve its target of 7.5%-8% real GDP growth over the next five years, making it one of the most attractive markets in the region. Deutsche, HSBC and UOB obviously see immense growth opportunities for their businesses in this environment and are taking steps to create a foothold.  

die aktuelle ausgabe von zertifikat-kompakt http://www.zertifikate-kompakt.de/ beschäftigt sich mit dem thema vietnam-zertifikate auf zwei seiten. neben den drei am markt befindlichen zertifikaten kommt auch das neue vietnam real estate zertifikat darin vor.  

.. und in allen anderen Ländern findet man auf der Seite mit folgendem Link.
http://www.feiertage-weltweit.com/bankholidays_2007_187.htm

Der Handel in VN geht also morgen, Mittwoch, wieder los.

(Dies nur mal so zwischendurch zur Info)

/t  

Nation has low investor risk, says report


Ha Noi — Viet Nam is one of the lowest risk countries in Asia for foreign investors, Radio France Internationale (RFI) quoted the Political and Economic Risk Consultancy (PERC) as saying on Tuesday.

Of the 14 countries surveyed by PERC, Singapore was rated as Asia’s safest economy, while Indonesia was the riskiest.

In a best-to-worst ranking from zero to 10, Singapore received an overall score of 2.74. Japan came in second with a score of 3.13, followed by Hong Kong on 3.33, Malaysia on 4.66, Taiwan on 4.76, the Republic of Korea on 4.78 and Viet Nam on 5.36.

China was in eighth place with a grade of 5.44, followed by Thailand with a score of 5.49, the Philippines with 5.74, India with 6.24 and Indonesia with a score of 6.79.

However, PERC said some of the biggest risks for investors in China, Viet Nam and India were pollution and infrastructure deficiencies.

Earlier, RFI quoted economic experts as saying that Viet Nam would have the highest economic growth rate of any country in the Association of Southeast Asian Nations (ASEAN) in the next few years.

Despite the fact that Viet Nam’s economy still faces difficulties, it is considered a good potential market for foreign investment, said RFI. — VNS  

ich muss mein Posting vom 20.02. korrigieren.
Anscheinend ist noch die ganze Woche über die Börse geschlossen.
zumindest in Thailand feiert man NeuJahr und die Börse öffent erst wieer am Montag, 26.02.
Da ich auch keinerlei Kurse aud Hanoi bekomme wird es wohl hier genauso sein.

Vielleicht könnte Skunk dies bestätigen??

Gruß
/t  

Greetings

nicht bestätigt, am Telephon "wahrscheinlich zu bis Montag", "wie in China", denke das war's für die Woche.

Viel Glück Euch allen

sw



Asia Stock Market Closures for Lunar New Year: Holiday Advisory

By Ian C. Sayson

Feb. 16 (Bloomberg) -- The following list gives details of which Asian stock markets will be shut for Lunar New Year holidays in the week of Feb. 19.

Monday, Feb. 19: China, Hong Kong, Malaysia, Singapore, South Korea and Taiwan.

Tuesday, Feb. 20: China, Hong Kong, Malaysia, Singapore and Taiwan.

Wednesday, Feb. 21: China and Taiwan

Thursday, Feb. 22: China and Taiwan

Friday, Feb.23: China and Taiwan


Leading petrol dealer predicts $4 billion in revenue
Viet Nam National Petroleum Corporation (Petrolimex) is forecasting revenues of VND64.8 trillion (US$4.05 billion) this year, says the company's Deputy General Director Bui Ngoc Bao.

   
Vietnam pours funds into Indochina rubber plantations
The state-owned Vietnam Rubber Corporation (VRC) will invest US$4 million as the first contribution towards a major project to cultivate 100,000 ha of rubber trees in Cambodia.


Stock market fever takes hold of Vietnam's middle class

   * Anyone with spare cash is rushing to buy shares, writes Amy Kazmin
   * February 22, 2007

A MANAGER at a foreign-run hotel and part-time MBA student, Nguyen Dung, 26, had never owned shares in a company until recently. But last week, impressed by the spectacular rise of Vietnam's stock market, he invested $US650 in an informal pool with 30 of his MBA classmates.
The MBA students have agreed to pool information and tips and invest in a murky - and unregulated - informal market for shares in partially privatised state-owned companies. To Dung, what to any astute investor in the developed world would seem a risky bet looks like a sure thing.

"In Vietnam, the stock market is changing day by day," he says. "If anyone has the correct information they can get easy money."

After watching the formal stock market's main index soar by 249 per cent over the last 13 months, Vietnam's emerging middle class is in the throes of stock market mania, and students, civil servants and state enterprise managers with cash to spare are all rushing to buy shares and dreaming of windfall profits.

The recent bull run on the formal exchange, with 107 listed companies, has been propelled partly by foreign investors, eager for exposure to one of Asia's fastest-growing economies.

But for Vietnamese investors there is even greater euphoria in the market for the unlisted shares in hundreds of partially privatised former state enterprises that may, or may not, list on the formal exchange one day.

A recent auction put a $US170 million ($216 million) value on a copper cable company that reported $US1.1 million in profits last year.

"It's a frenzy," says Jonathan Pincus, the UN's chief economist in Hanoi. "All the chatter in Hanoi is about people investing in the market. I don't know if anyone knows what these companies are worth, but they are buying the paper."

As tales emerge of local investors buying shares in defunct banks, Vietnamese authorities are fretting that many citizens - rather than getting rich - may be poised to see their savings evaporate. Yet officials are also struggling to cool the speculative fervour without precipitating a market collapse.

"The Government is obviously concerned that the stock market prices are increasing continuously and many observers are of the view that it is fairly much overvalued," said Il Houng Lee, the International Monetary Fund's resident representative in Hanoi. "This could lead to problems later on if there is a rapid adjustment in the prices, given that there are many local investors involved."

Rules on bank lending for stock market purchases have tightened. Officials are also considering whether to impose a rule for foreign investors to keep their capital in Vietnam for one year.

Until recently, Vietnamese tended to put what savings they had into more traditional assets such as gold or real estate. But in the past year the number of trading accounts in the Vietnamese stock market has almost quadrupled from 32,000 to about 120,000.

Brokerages are mushrooming, with 56 now licensed, up from 16 early last year. All kinds of companies are trying to get a bite of what they see as a lucrative business, with one state garment maker, Vinatex, recently declaring it would open a stockbroking arm.

Vietnamese companies in an array of sectors appear to be using surplus cash to punt on the market instead of investing in their core activities.

Sriyan Pietersz, head of research at JPMorgan, sees dangers in this. "Apart from the fact that earnings could be volatile, you run the risk of underinvesting in your business because management is too busy rooting around on its Bloomberg screen."

Authorities are also struggling to get stock market-obsessed civil servants to focus on their day jobs.

The central bank recently issued an edict prohibiting staff from making stock investments during working hours.
 

OOOPs gerade von einem anderen freund geschickt bekommen:


Lunar New Year Festival  FEb 16-Feb 21       Fri-Wed             V

tja dann geht's doch morgen wieder los...

bis morgen

viel Glück  

VN Index
1083.25 0.00%  

Piaggio plans to open production sites in Brazil, Vietnam
Piaggio SpA plans to open production sites in Brazil and Vietnam to reach its production target of 1 mln vehicles by 2010, chairman and CEO Roberto Colaninno said in an interview with the daily Il Sole 24 Ore.